South Korea’s energy ministry said April 27 that the country’s LNG demand is expected to rise 15.1% through 2034 on the back of higher LNG demand for bunkering and hydrogen Continue Reading
ExxonMobil faces an “existential business risk” by pinning its future on fossil fuels as governments move to slash emissions, an activist hedge fund will tell investors in the final push Continue Reading
The Environmental Protection Agency announced Monday that it will move to grant California permission to set more stringent climate requirements for cars and SUVs, a reversal of a key Trump Continue Reading
Canada has repeatedly been raising with top U.S. officials, including President Joe Biden, the issue with Enbridge’s Line 5 which Michigan wants shut down, and considers intervening in the legal Continue Reading
Honda last week announced key targets for sales of electrified vehicles in North America, with a plan to make battery-electric and fuel cell electric vehicles (BEVs and FCEVs) to represent Continue Reading
The Odessa Development Corporation and Nacero Inc have announced plans to build a $6.5 billion to $7 billion lower carbon gasoline manufacturing facility at a site in Penwell, Texas. The Continue Reading
Vladimir Putin’s multi-year push to reduce Russia’s exposure to the dollar hit a major milestone as the share of exports sold in the U.S. currency fell below 50% for the first Continue Reading
The coronavirus pandemic has shortened Europe’s energy transition. What was initially perceived as a gradual movement towards fewer emissions and greener generation has now become an unprecedently ambitious endeavour – Continue Reading
Last week saw some much-needed good news for natural gas. The European Union signaled that it would include natural gas in its energy plans for the future, emissions and all. Continue Reading
Highlights Q1 upstream output falls 14% on year despite OPEC+ easing Gas project ramp-up to help ease asset decline Sees market recovery, return to normal stock levels by year-end London Continue Reading
Crude oil futures were rangebound during mid-morning trade in Asia April 26, as fundamentals in the market remained unchanged and investors exercised caution amid the deteriorating pandemic situation in India Continue Reading
“This is the fourth energy revolution in shipping — from rowing our boats to sails to the steam engine to diesel engine and we have to change it once more,” Continue Reading
Countries aiming to sharply reduce their emissions to meet climate goals must be prepared for staggering costs and looming political battles as they seek to overhaul swaths of their economies, Continue Reading
Scientists have found that volcanoes deep in the ocean discharge so much energy potential when they erupt that they could theoretically power the whole of the United States. Scientists at Continue Reading
Huge falls in the cost of solar and wind power in the last few years have unlocked an energy reserve that can meet world demand 100 times over — and Continue Reading
Qatar Petroleum plans to issue up to $10 billion of bonds as soon as this quarter to fund a massive natural-gas project, according to a person with knowledge of the matter. The state Continue Reading
Yemen’s Iran-aligned Houthi movement launched a drone attack on a military base in the southern Saudi city of Khamis Mushait at dawn on Monday, the group’s military spokesman said on Continue Reading
A recording of Iran’s foreign minister offering a blunt appraisal of diplomacy and the limits of power within the Islamic Republic has leaked out publicly, providing a rare look inside Continue Reading
In a leaked audiotape that offers a glimpse into the behind-the scenes power struggles of Iranian leaders, Foreign Minister Mohammad Javad Zarif said the Revolutionary Guards Corps call the shots, Continue Reading
When it comes to the final frontier for big oil discoveries, it’s not the Guyana-Suriname basin where supergiants like ExxonMobil (NYSE:XOM), Hess Corp . (NYSE:HES), and CNOOC (NYSE:CNOOC) have already Continue Reading
Another pipeline explosion on Sunday evening erupted in Isheri-Idimu community, Egbe-Idimu Local Council Development Area (LCDA) in Lagos State. It was gathered that the inferno broke out after fire gutted Continue Reading
France’s Total has declared force majeure on its Mozambique LNG project and removed all staff from the site on the Afungi Peninsula, it said April 26. Total had already suspended Continue Reading
India’s coronavirus second wave is rapidly sliding into a devastating crisis, with hospitals unbearably full, oxygen supplies running low, desperate people dying in line waiting to see doctors — and mounting Continue Reading
India’s new coronavirus infections hit a record peak for a fifth day on Monday as countries including Britain, Germany and the United States pledged to send urgent medical aid to Continue Reading
A landfill in Bangladesh is leaking huge quantities of the potent greenhouse gas methane into the atmosphere, according to the emissions-tracking company GHGSat Inc. An April 17 observation from the company’s Hugo Continue Reading
Delhi has been cremating so many bodies of COVID-19 victims that authorities are getting requests to start cutting down trees in city parks for kindling, as a record surge of Continue Reading
Indian refiners have so far stayed away from slashing crude run rates sharply despite the surge in COVID-19 cases to record highs, but with a rise in regional lockdowns and Continue Reading
Military strikes in southwestern Venezuela and the resultant surge of refugees into neighboring Colombia have sparked renewed claims that the autocratic Maduro regime in Caracas is a major destabilizing force Continue Reading
China hopes U.S. companies will press their government to cancel additional tariffs on China, cease “decoupling” and supply suspension, and stop suppressing Chinese companies, a top diplomat said. ie Feng, Continue Reading
China’s economy continued to boom in April from the record growth in the first quarter, with strong exports and rising business confidence supporting the recovery. That’s the outlook of an aggregate index Continue Reading
In China’s commercial hub Shanghai, six big state banks are quietly promoting digital yuan ahead of a May 5 shopping festival, carrying out a political mandate to provide consumers with Continue Reading
China says invited by IAEA to join group over Japan’s Fukushima water plan An aerial view shows the storage tanks for treated water at the tsunami-crippled Fukushima Daiichi nuclear power Continue Reading
China’s plan to control the transport of live hogs to rein in the spread of African swine fever is set to reshape the market and create regional price differences in Continue Reading
Last week, Chinese President Xi Jinping committed to reducing his country’s coal consumption beginning in 2026. That is later than many climate change activists had hoped, but it will still be Continue Reading
New Bedford, Massachusetts, was once a wealthy centre of the energy industry, sending out ships to hunt sperm whales whose oil illuminated the lamps of the 19th century. The small city Continue Reading
Last week, Chinese President Xi Jinping committed to reducing his country’s coal consumption beginning in 2026. That is later than many climate change activists had hoped, but it will still be Continue Reading
Bringing 40 heads of state together for two days of virtual climate talks created the most visible role yet for John Kerry, the White House’s special envoy for climate. With Continue Reading
The average U.S. price of regular-grade gasoline jumped 2 cents over the past two weeks, to $2.96 per gallon. Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that Continue Reading
The Appalachian Basin spanning Alabama to Maine spewed more methane last year than the oil- and gas-heavy Permian Basin of Texas and New Mexico — making the region the biggest Continue Reading
Exxon Mobil Corp. is being warned by activist hedge fund Engine No. 1 it faces an “existential business risk” by pinning its future on fossil fuels as governments move to slash emissions, the Continue Reading
Natural gas production in the US is set to grow to a new record in 2022, at 93.3 billion cubic feet per day (Bcfd) and will continue to rise further, Continue Reading
After the number of drilled but uncompleted wells demonstrated a dramatic drop across multiple US basins in the past year, heightened drilling activity and stable commodity prices are starting to Continue Reading
Normally near the end of the month an update on world oil output is posted here. However this month the EIA’s world oil report will appear too close to the Continue Reading
A New Use for Orphaned Oil and Gas Wells? Petrolern LLC, an Atlanta-based service and technology firm specializing in subsurface engineering and downhole tools, is looking to repurpose some orphaned Continue Reading
Germany’s coronavirus infection rate rose at the weekend despite stricter restrictions and Finance Minister Olaf Scholz said he did not expect moves to ease curbs before the end of May. Continue Reading
People wearing protective face masks walk on the Champs Elysees Avenue near the Arc de Triomphe, as non-essential stores remain closed across the country amid the coronavirus disease (COVID-19) outbreak, Continue Reading
When Gerhard Schroeder formed a German government with the Greens in 1998, he made it clear that his Social Democratic Party was the “cook” and the junior partner the “waiter.” Continue Reading
American tourists who have been fully vaccinated against Covid-19 will be able to visit the European Union over the summer, the head of the bloc’s executive body said in an Continue Reading
Russia’s President Vladimir Putin is starting to feel the heat of new U.S. sanctions, as Washington is putting some additional bite into its confrontation with Moscow.At the same time, new Continue Reading
Electric truck company Tevva and Vattenfall signed a Memorandum of Understanding to explore the opportunity to provide a complete zero-emission transport solution for businesses looking to reduce the overall carbon Continue Reading
