A tanker spilled oil into the Yellow Sea offshore the Qingdao port in China on Tuesday after a bulk carrier collided with the A Symphony Suezmax tanker, Goodwood Ship Management, Continue Reading
The Wenshan prefecture in China’s southwest Yunnan province, which has attracted top aluminium producers for its abundant water resources, has failed to crack down illegal hydropower station, the environmental regulator Continue Reading
China is poised to report its first population decline in five decades following a once-in-a-decade census, the Financial Times newspaper said, citing sources familiar with the matter. A population drop Continue Reading
U.S. consumer confidence jumped to a 14-month high in April as increased vaccinations against COVID-19 and additional fiscal stimulus allowed for more services businesses to reopen, boosting demand and hiring Continue Reading
The U.S. Energy Department said on Tuesday it is offering up to $8.35 billion in loans for companies to boost the power grid as part of the Biden administration’s goal Continue Reading
A group representing auto suppliers will tell U.S. lawmakers on Tuesday it opposes setting a firm date to end the sale of new gasoline-powered passenger cars and expects those vehicles Continue Reading
Revenues disbursed to states from federal oil and gas leasing are not expected to decline significantly in the near term due to the Biden administration’s pause and review of the Continue Reading
The exterior of a Schlumberger Corporation building is pictured in West Houston January 16, 2015. REUTERS/Richard Carson Top oilfield services firm Schlumberger NV (SLB.N) on Monday named new executives to Continue Reading
The White House hopes to capitalize on growing support from U.S. utilities, unions and green groups for a national clean energy mandate by backing efforts to require the U.S. grid Continue Reading
Two months on from the winter freeze that paralyzed Texas and sent electricity and gas prices soaring, another big winner has emerged. BP Plc said Tuesday its gas trading unit had Continue Reading
Saying that it wants to control the key technology for electric vehicles, Ford plans to open a battery development center near Detroit by the end of next year. The company Continue Reading
The American Petroleum Institute (API) on Tuesday reported an extensive build in crude oil inventories of 4.319 million barrels for the week ending April 23. Analysts had predicted a much Continue Reading
The U.S. Supreme Court is hearing oral argument on Tuesday in a case that has pitted the oil industry and the corn lobby for years—whether refiners can obtain exemptions from Continue Reading
US power generation from coal totaled a six-month high 87.85 TWh in February, up 7.4% from January and 56.6% higher than the year-ago month, Energy Information Administration data showed April Continue Reading
BP wants to be your power supplier, too. The oil and natural gas giant is seeking permission to become a retail electricity provider to homes and businesses initially in Illinois, Continue Reading
QuantumScape Corp. is the hottest battery-maker on the market, with recent valuations hovering between $13 billion and $20 billion. While the San Jose, California-based startup says its next-generation battery will Continue Reading
Congressional Democrats are moving to reinstate regulations designed to limit potent greenhouse gas emissions from oil and gas fields, part of a broader effort by the Biden administration to combat Continue Reading
THE SENATE votes Wednesday on what sounds like an arcane regulatory question. In fact, Sen. Angus King (I-Maine) argued Tuesday, “This is the most important climate vote that the Senate Continue Reading
A month ago, ConocoPhillips warned it would book a $600-million impairment to its first-quarter profits from its acquisition of Concho Resources and, as Reuters reported at the time, related oil Continue Reading
Bipartisan infrastructure support possible US-China climate support mutually beneficial A call for US firms to push Congress harder on climate The US is pushing its climate agenda forward under the Continue Reading
Akademik Cherskiy now laying line alongside Fortuna Pipelaying using Fortuna vessel resumed Feb 6 Work in German waters could restart from June A second Russian vessel has now begun laying Continue Reading
BP on April 27 forecast a further drop in its upstream production this year due to the impact of asset sales on its portfolio, as it reported a 14% year-on-year Continue Reading
Siemens Gamesa Renewable Energy SA sees huge potential for offshore wind in the Baltic Sea as the world’s largest producer of turbines at sea looks to take advantage of a jump in Continue Reading
Crude oil futures were higher during mid-morning trade in Asia on April 27, as the market grew optimistic of a US-led global economic recovery, and rallied behind the OPEC+ Joint Continue Reading
Oil climbed in Asia with OPEC+ projecting a strong global recovery this year, even as a Covid-19 flare-up in India and other nations dragged on the near-term demand outlook. Futures Continue Reading
Oil slipped with the rapid resurgence of Covid-19 in India and other countries casting a cloud around a return to normal consumption, even as OPEC+ projected a strong global demand Continue Reading
In a virtual climate summit with 41 world leaders, President Joe Biden on Thursday unveiled an ambitious 10-year Climate Plan that has proposed cutting U.S. greenhouse gas emissions by 50-52% Continue Reading
Scientists have identified a staggering 5.5 billion ton gap between greenhouse gas emissions acknowledged each year by the world’s nations and the emissions calculated by independent models, an accounting discrepancy Continue Reading
Top executives, policy makers and investors are gathering this week for the two-day Bloomberg Green Summit. The virtual event focuses on the core issues of climate change. The conference kicked off Monday Continue Reading
Hydrogen could comprise up to 15% of the global energy mix over the next three decades, but it is expected to serve more of a complementary role in meeting climate Continue Reading
There is just no accounting for climate change. This statement is not figurative, in the way “There’s no accounting for taste” is figurative. There’s literally no common accounting for what Continue Reading
Aramco is considering the sale of a stake in its vast natural gas pipeline network to help free up cash and draw more international investors to Saudi Arabia, people familiar Continue Reading
Saudi Arabia could save some $200 billion over the next ten years by switching from crude oil to natural gas and renewables for electricity production, Reuters reports , citing the Continue Reading
After falling below 1 million barrels per day (bpd) last week, Libya’s oil production could be set for recovery above that mark again, as the National Oil Corporation (NOC) said Continue Reading
A drone attack set an oil tanker off the Syrian coast on fire, the country’s oil ministry said as quoted by various media, adding that it suspected the attack came Continue Reading
Libya’s crude output could rebound in the coming days after the state-owned National Oil Corporation lifted force majeure on exports out of the eastern Marsa el-Hariga terminal on April 26. Continue Reading
Saudi Arabia is closer to developing 3.3 GW of solar capacity up from only 300 MW currently operational as plans were announced earlier this month for seven projects, according to Continue Reading
Turks will be required to stay mostly at home under a nationwide “full lockdown” starting on Thursday and lasting until May 17 to curb a surge in coronavirus infections and Continue Reading
Given the ongoing imbalance between global oil supply and demand in the wake of the major waves of Covid-19 that hit the world last year, news that Libya is now Continue Reading
France’s supermajor Total declared force majeure on Monday on its US$20-billion liquefied natural gas (LNG) project in Mozambique following recent Islamist militant attacks in towns close to the site. The Continue Reading
Much needed medical supplies poured into India on Tuesday as overrun hospitals turned away patients due to a shortage of beds and oxygen supplies and a surge of infections pushed Continue Reading
The U.S. Chamber of Commerce on Monday warned that the Indian economy – the world’s sixth largest – could falter as a result of a record spike in coronavirus cases, Continue Reading
Oxygen generators from Saudi Arabia and the United Arab Emirates. Raw material for coronavirus vaccines from the United States. Millions in cash from companies led by Indian-American businessmen. As a second Continue Reading
The Joint Technical Committee of OPEC+ is concerned about the growing case numbers in India, Japan, and Brazil, Reuters sources said on Monday. The Joint Technical Committee, or JTC, is Continue Reading
Asia’s LNG demand has been dampened by the worsening pandemic in India, that is expected to curb gas and power demand, with spot cargoes already impacted, and the declaration of Continue Reading
Pakistan’s refining capacity is expected to rise sharply in coming years as the pace of current upgrades and construction picks up ahead of the approval of the country’s new refinery Continue Reading
As Guyana prepares to become a major oil production nation the spotlight is firmly on the Guyana-Suriname Basin and the former British colony’s neighbor Suriname. After decades of poor drilling Continue Reading
Cross-border flows approach record 7 Bcf/d in April Mexico modeled power burn hits record 4.6 Bcf/d US gas exports to Mexico could hit record highs over the next two weeks, Continue Reading
The US Environmental Protection Agency on April 26 took the first steps in dismantling the Trump administration’s rollback of fuel economy standards for cars and light trucks, including announcing it Continue Reading
China is set to cap coal consumption in 2021 by reducing it to less than 56% of the country’s total energy mix, while planning to boost domestic oil and gas Continue Reading
