China announces MASSIVE oil & gas discovery in Bohai Sea
CNOOC’s oil rig in China’s Bohai Sea © Reuters That makes Bozhong 13-2 one of the biggest crude oil production bases in the country, according to the company. The new Continue Reading
Financial firms raise U.S. GDP growth estimates on stimulus bets
Several major financial firms have upped their forecasts for U.S. economic growth based on expectations that President Joe Biden’s proposed $1.9 trillion COVID-19 relief bill will come to fruition and Continue Reading
Gasoline Crisis Paralyzes One Out of Every Seven Texas Stations
One in every seven Texas gas stations is without fuel a week after the historic freeze crippled refineries and trucking, prompting at least one major retailer in the second-largest U.S. Continue Reading
Texans’ Frozen Pipes Warn of Yet Another Extreme Weather Threat
At first, Amanda Fuller thought she was one of the lucky ones. Then the water stopped running. As Texas started dipping into single-digit temperatures overnight Sunday, power companies began instituting Continue Reading
A Key Fracking Indicator Just Hit Record Lows
Oil prices have staged an extraordinary rally in the last three months, rising by 50%. Biden’s presidency, the vaccine rollout, a weak dollar, low interest rates, no inflation, and hopes Continue Reading
BOEM Issues First Wave Energy Lease Off West Coast
The Bureau of Ocean Energy Management has issued a lease for the first wave energy research project in federal waters off the U.S. West Coast. The Bureau of Ocean Energy Continue Reading
Who’s Who on Biden’s Sprawling Climate Team
Past presidents—even progressive ones—have viewed climate change as a problem for the future. President Barack Obama, for example, “took the view that climate change was a moral issue,” said Jeff Continue Reading
ERCOT lost almost half of generation capacity in storm, causing 20-GW load shed
Almost half of Electric Reliability Council of Texas generation capacity – 52.3 GW in all — was forced out at the highest point during the winter storm starting Feb. 14, Continue Reading
Merkel says COVID variants risk third virus wave, must proceed carefully
New variants of COVID-19 risk a third wave of infections in Germany and the country must proceed with great care so that a new nationwide shutdown does not become necessary, Continue Reading
Exxon Sells UK North Sea Oil, Gas Assets For Over $1 Billion
ExxonMobil will sell most of its non-operated assets in the UK’s central and northern North Sea to private equity fund HitecVision for more than $1 billion, the U.S. supermajor said Continue Reading