Property insurers face an estimated $18 billion bill for damage to homes and businesses from the long stretch of frigid weather in Texas and numerous other states, the equivalent of a Continue Reading
The U.S. officially rejoined the Paris climate change agreement on Friday as President Biden puts environmental policy at the center of his agenda and prepares to work with world leaders Continue Reading
Baker Hughes reported on Friday that the number of oil and gas rigs in the United States stayed the same this week. The total number of active oil and gas Continue Reading
Some of the largest oil refineries in Texas could take weeks to restart as they would need to repair the damages from the big Texas freeze, Bloomberg reports , citing Continue Reading
The record-low temperatures sprawled across the Central and Southern US over the past week not only lead to large-scale production freeze-offs at wellheads but also exposed the threat bitter cold Continue Reading
When the Texas power grid was on the brink of collapse and its operator plunged thousands into darkness, it didn’t make an exception for the oil and gas field. Power Continue Reading
The severe winter storm that swept through the United States this week likely shut in between 2 million barrels per day (bpd) and 4 million bpd of the total U.S. Continue Reading
Crude futures weakened during midmorning trade in Asia Feb. 19 as the support received from supply disruptions in the US due to freezing temperatures eased, allowing prices to return to Continue Reading
Brent oil traded near $65 a barrel as a cold blast that’s taken out almost 40% of U.S. crude production morphed into a global supply shock. Futures in London rose Continue Reading
Oil fell the most in nearly a month alongside a broader market selloff with the ongoing energy crisis in the U.S. likely keeping refineries shut for another week. Futures in Continue Reading
Crude oil prices jumped higher after the Energy Information Administration reported crude oil inventories in the U.S. had shed 7.3 million barrels in the week to February 12. This compared Continue Reading
Oil prices fell on Thursday despite a sharp drop in U.S. crude inventories, as market participants took profits following days of buying spurred by a cold snap in the largest Continue Reading
The worst of the squeeze on natural gas supplies appears to have passed as spot prices in Oklahoma plunged 99% on Thursday, ending a dramatic rally amid the chaos caused Continue Reading
BP and Chevron, this Tuesday, announced plans to invest heavily in geothermal energy through a new innovative start up. The new technology introduced by Canadian startup Eavor, pronounced “ever”, provides Continue Reading
Hydrogen initiatives are accelerating globally, the Hydrogen Council said Feb. 17 in a report co-authored with consultancy McKinsey. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Continue Reading
OPEC’s second-largest producer, Iraq, boosted its crude oil exports by 4.4 percent to 3.44 million barrels per day (bpd) in the first two weeks of February, data compiled by Bloomberg Continue Reading
Given the extreme unlikelihood of the U.S. returning to the currently structured Joint Comprehensive Plan of Action (JCPOA), and Iran’s unwillingness to renegotiate the deal any time soon , the Continue Reading
Iran will “immediately reverse” actions in respect of its nuclear programme when U.S. sanctions are lifted, its foreign minister said on Friday, reiterating Tehran’s position on Washington’s offer to revive Continue Reading
U.S. and Iranian officials could hold nuclear discussions within coming weeks under a plan by the European Union to bring the two sides together for the first time since President Continue Reading
The United States is prepared to talk to Iran about both countries returning to compliance with a 2015 deal that aims to stop Tehran from developing a nuclear weapon, U.S. Continue Reading
Two landmark rulings are a testament to decades of tireless campaigning by people in the Niger Delta and environmental activists. Like many who have witnessed the environmental impact of multinational Continue Reading
Japan’s transport of liquefied hydrogen from Australia, which will be the first in the world, now looks to be taking place around July-August from a previous target of end-March because Continue Reading
New evidence from China is affirming what epidemiologists have long suspected: The coronavirus likely began spreading unnoticed around the Wuhan area in November 2019, before it exploded in multiple different Continue Reading
Four of the largest refineries in Texas are discovering widespread damage from the deep freeze that crippled the state and expect to be down for weeks of repairs, raising the Continue Reading
Right now there are no liquefied natural gas tankers docked and loading at any of the six U.S. export terminals for the first time since global demand for the superchilled Continue Reading
The number of Americans applying for unemployment aid rose last week to 861,000, evidence that layoffs remain painfully high despite a steady drop in the number of confirmed viral infections. Continue Reading
U.S. crude oil production has plunged by as much as 40 percent due to the Polar Vortex that brought freezing temperatures to swathes of the United States, most notably including Continue Reading
The Electric Reliability Council of Texas on Feb. 18 authorized utilities to end rolling blackouts, despite more than 40 GW of generation remaining offline as a result of wintry weather, Continue Reading
Texas is well-poised to become a global hydrogen hub, given that it already has significant production, demand and infrastructure, webinar speakers said Feb. 18 Receive daily email alerts, subscriber notes Continue Reading
Spot natural gas prices across much of the Central and Western US fell sharply Feb. 18, as domestic production stabilized and heating demand continued to ease amid warming temperatures. Receive Continue Reading
Freezing weather that interrupted gas supplies in the southern United States and Mexico was wreaking havoc on Thursday with car manufacturing plants on both sides of the border, with Ford Continue Reading
There’s a saying among energy wonks about the Federal Energy Regulatory Commission: It’s never seen a pipeline it didn’t like . But the commission’s new chair could make that adage Continue Reading
Vestas Wind Systems A/S bought a minority stake in a Swedish startup that builds turbine towers out of wood. The move by the world’s largest manufacturer of wind turbines could help Continue Reading
The EU should bring its external gas suppliers to the table for dialog over how best to manage methane emissions, rather than look to impose any kind of penalty on Continue Reading
Brent crude briefly surpassed $65 a barrel for the first time in a year as a cold blast that’s pummeled U.S. oil production escalated into a global supply shock. More than Continue Reading
Oil rose to the highest in over a year as U.S. oil output plunged by a record 40% amid the ongoing energy crisis in the country. Futures climbed 1.8% in Continue Reading
Commodity prices have been on the rise since late in the 3rd quarter of 2020. Signs that the global economy would rebound faster than anyone thought possible, in the early Continue Reading
A number of ammonia-fueled ships will likely hit the waters well before 2030, with gas carriers likely to emerge early adopters, as international shipping gears up for the International Maritime Continue Reading
Saudi Arabia’s crude stockpiles dropped to their lowest on record in December as the OPEC kingpin continued to push out more exports with direct use falling even more, according to Continue Reading
Saudi Arabia plans to increase its oil output in the coming months, reversing a recent big production cut, say advisers to the Kingdom, a sign of growing confidence over an Continue Reading
Iraq’s nationwide crude production held steady in January at just over 4 million barrels per day (bpd), according to an Iraq Oil Report analysis based on data collected independently from Continue Reading
Iraq’s $2 billion oil prepayment deal with China’s state-owned Zhenhua Oil Co. is on hold pending government approvals, the deputy director-general of State Oil Marketing Organization told S&P Global Platts.Now Continue Reading
Demand for gasoline plunged as a deep freeze left millions without power across the U.S., but prices at the pump still rose following disruptions at more than 20 refineries. Retail gasoline Continue Reading
QuantumScape Corp., an electric-vehicle-battery startup, soared as much as 12% in late trading after saying it cleared a key hurdle in the development of its technology. The company, which is attempting Continue Reading
The coronavirus pandemic, which has caused US production to drop by nearly 2 million b/d in the last year or so, has shown the vulnerability of shale development when capital Continue Reading
The decade-long fracking boom in Appalachia has not led to significant job growth, and despite the region’s extraordinary levels of natural gas production, the industry’s promise of prosperity has “turned Continue Reading
Texas is restricting the flow of natural gas across state lines in an extraordinary move that some are calling a violation of the U.S. Constitution’s commerce clause. Texas Governor Greg Abbott Continue Reading
Restarting oil and gas wells closed by the extreme cold sweeping much of the U.S. isn’t going to be quick or easy, even once the ice thaws and power is Continue Reading
Oil’s recent rise above $60 a barrel will test the willpower of shale companies that pledged to slow drilling and repair balance sheets battered by the pandemic. The highest prices since Continue Reading
For the Republicans who have run Texas state government for years, trying to undermine the Democrats who lead the state’s largest cities has been a blood sport for years. They Continue Reading
