Can Mozambique Defend Its Crucial Gas Assets?
Mozambique has been rightly considered one of the most promising new frontiers of gas production in the world, the Rovuma Basin that is located along the border of Tanzania and Continue Reading
Nigeria Naira (NGN USD): Citizens Hoard Foreign Currencies to Protect Wealth
Nigerians have been accumulating foreign currencies to protect their wealth from naira volatility and surging inflation, according to a research paper in a journal published by the Central Bank of Continue Reading
Guyana Poised To Become A Leading Offshore Producer Within Years
The tiny South American nation of Guyana is poised to become one of the leading offshore drilling jurisdictions in South America. Global energy supermajor Exxon, has established a dominant foothold Continue Reading
‘It is much worse this time’: India’s devastating second wave
Every night funeral pyres blaze on the banks of the Ganges, a grim symbol of the ferocious Covid-19 wave sparking a health crisis and human tragedy in India that is Continue Reading
Reinstated Lockdowns Threaten India’s Oil Demand Recovery
Amid record daily new COVID cases and reinstated lockdowns in populous cities, Indian refiners have started to cut oil processing rates as fuel demand in the world’s third-largest crude importer Continue Reading
China’s Belt and Road: Australia Cancels Victoria State’s Deals
China has slammed Australia’s decision to cancel agreements between the Belt and Road Initiative and the Victoria state government, signaling a worsening of ties between the nations. The Australian federal government Continue Reading
India records world’s biggest single-day rise in coronavirus cases
India recordedthe world’s highest daily tally of 314,835 COVID-19 infections on Thursday as a second wave of the pandemic raised new fears about the ability of crumbling health services to Continue Reading
U.S. adds about 100 countries to its ‘Do Not Travel’ advisory list
U.S. State Department has added about 100 countries this week to its “Level Four: Do Not Travel” advisory list, putting the United Kingdom, Canada, France, Mexico, Germany and others on Continue Reading
Biden Administration Moves to Unwind Trump Auto-Emissions Policy
The Biden administration is moving to end a legal battle with California over the state’s authority to regulate motor-vehicle emissions, setting the stage for stricter regulations on the auto industry, Continue Reading
Ford Prolongs Shutdowns at Several U.S. Plants Due to Chip Shortage
Ford F 2.45% Motor Co. is planning more downtime at five North American factories due to a global semiconductor shortage, further disrupting output of a popular sport-utility vehicle and the F-150 pickup truck, Continue Reading
Trump administration sidelined experts in writing car pollution rules, EPA watchdog finds
The Trump administration sidelined career staffers at the Environmental Protection Agency when weakening pollution rules for new passenger vehicles, according to a federal watchdog report. The EPA’s inspector general found top Continue Reading
Will Big Oil’s Huge Carbon Capture Bet Pay Off?
“We’re sending carbon back where it came from,” Norway’s energy giant Equinor says , describing its efforts to make carbon capture and storage (CCS) commercially viable in a future decarbonized Continue Reading
US ends oil, gas lease sales from public land through June
The U.S. Interior Department is cancelling oil and gas lease sales from public lands through June amid an ongoing review of how the program contributes to climate change, officials said Continue Reading
Oilfield Services Giants Optimistic About Drilling Recovery
Two of the world’s largest oilfield services providers, Baker Hughes and Halliburton, reported on Wednesday profits beating expectations and expressed optimism that oil demand and oil drilling activity will grow Continue Reading
Waha narrows its spread to Henry Hub as West Texas gas supply tightens
Cash basis at Waha is trading near historic highs this month as production weakness in the Permian Basin and strong demand from neighboring markets tighten the supply balance in West Continue Reading
Diesel Frac Glut Hinders Lower-Carbon Fleet Adoption
Billionaire Alejandro Bulgheroni’s dream of making fracking more environmentally friendly is running up against the reality of shale-patch economics. The Argentine oil tycoon has pumped about $250 million into developing Continue Reading
Putin warns West of harsh response if it crosses Russia’s ‘red lines’
President Vladimir Putin warned the West on Wednesday not to cross Russia’s “red lines”, saying Moscow would respond swiftly and harshly to any provocations and those responsible would regret it. Continue Reading
Russia Sees Calm OPEC+ Meeting Ahead With Balanced Market
Next week’s OPEC+ meeting will most likely focus on assessing the current oil environment rather than on revising production targets as the market looks balanced so far, according to Russia, a Continue Reading
German lawmakers approve ‘emergency brake’ virus rules
German lawmakers on Wednesday approved a proposal by Chancellor Angela Merkel’s government to mandate uniform restrictions in areas where the coronavirus is spreading too quickly, among them closures and a Continue Reading
2020 was Europe’s hottest year on record
Power-generating windmill turbines are seen during sunset in Bourlon, France, February 23, 2021. REUTERS/Pascal Rossignol Europe experienced its hottest year on record last year, while the Arctic suffered a summer Continue Reading
Europe clinches deal on wide-ranging climate law to speed emissions cuts
The European Union clinched a deal in the early hours of Wednesday on a landmark climate change law that puts new, tougher greenhouse gas emissions targets at the heart of Continue Reading
Europe’s Changing Climate Viewed From Orbit Shows Rising Danger
Climate change whipsawed through Europe last year, alternately baking locked-up economies beneath record heat before inundating them with unprecedented floods, underscoring the rising levels of uncertainty faced by the continent’s 500 million Continue Reading
Surprise Crude Build Pushes Oil Prices Down
The American Petroleum Institute (API) on Tuesday reported a build in crude oil inventories of 436,000 barrels for the week ending April 16. Analysts had predicted a draw of 2.860 Continue Reading
Oil Drops Toward $62 Amid Resurgent Virus, Retreat in Equities
Oil fell amid concern that a resurgent virus will hurt demand in some economies, while industry data showed a slight build in U.S. inventories. West Texas Intermediate retreated 1.1%, extending Tuesday’s Continue Reading
Oil Prices Drop Amid Broader Selloff
Oil slumped the most in two weeks alongside a broader market rout as a resurgent virus in some of the world’s top oil importers highlighted the uneven road to recovery. Continue Reading
Yergin: Oil Prices Could Go As High As $75 In 2022
The global oil demand recovery and a lot of spare capacity that OPEC+ has yet to bring back to the market suggest it is reasonable to expect that oil prices Continue Reading
A World Of Difference: One Year After Oil Prices Went Negative
What a difference a year makes! It might sound like a cliché, but the oil market that was turned on its head last April by a confluence of unexpected Black Continue Reading
Oil Demand Predicted to Jump 6 Percent in 2021
Rystad Energy has revealed that its latest forecast projects a six percent year on year increase in oil demand in 2021. Rystad Energy has revealed that its latest forecast projects Continue Reading
Why Natural Gas Won’t Be Replaced Anytime Soon
“Gas will be a repeat of coal but quicker. When we look at power generation, you can see that going really, really quickly.” This is what the head of company Continue Reading
Cities Are Our Best Hope for Surviving Climate Change
The hysteria about urban density that arrived with the coronavirus is—like the pandemic itself—already easing. Regardless of how quickly or slowly urbanites return to their cramped apartments, however, the long Continue Reading
Negotiators see signs of progress in Iran nuclear talks
Diplomats working in Vienna on a solution to bringing the United States back into the nuclear deal with Iran and world powers are taking a break from talks to consult Continue Reading
Iran Rattled as Israel Repeatedly Strikes Key Targets
In less than nine months, an assassin on a motorbike fatally shot an Al Qaeda commander given refuge in Tehran, Iran’s chief nuclear scientist was machine-gunned on a country road, Continue Reading
Libya’s Oil Production Falls Below 1 Million Bpd On Export Terminal Outage
Libya’s National Oil Corporation has declared force majeure on the port of Hariga due to lack of funds for infrastructure repairs, pushing the country’s crude oil production below 1 million Continue Reading
Libya’s NOC banking on Total’s support to help boost oil output
Libya’s National Oil Corporation is banking on France’s Total to help it boost output and assist with the maintenance of some of its oil infrastructure, it said April 20. Not Continue Reading
Russia Strikes Islamic State Strongholds in Syria as Insurgency Gains Ground
The Syrian Observatory for Human Rights, which monitors developments in the Syrian war , said 26 Islamic State members died in Russian airstrikes in Palmyra and other areas of the Continue Reading
Exxon sets deadline to exit West Qurna 1, prompting tough talks with Iraq
ExxonMobil is attempting to sell its stake in the West Qurna 1 oil field to two Chinese companies, setting an end-April deadline that has prompted fraught negotiations with the Oil Continue Reading
Volatility in store for Chad’s oil industry after president’s death
The death of Chad’s President Idriss Déby is likely to trigger political instability in the key oil-producing country and the wider central African region, with a potential impact on its Continue Reading
India Reports 2,000 Deaths; Tokyo Emergency Seen: Virus Update
The World Health Organization said coronavirus cases are rising in all regions except Europe, with India driving a surge in Asia. India reported a record of more than 2,000 deaths Continue Reading
Coronavirus live updates: India’s raging virus surge tops 200,000 cases for seventh straight day
India on Wednesday reported a record number of coronavirus cases and deaths, registering more than 200,000 infections for the seventh-straight day as a raging outbreak depleted hospital space and resources in Continue Reading
Will COVID Derail The World’s Hottest Offshore Oil Boom?
During a difficult 2020, Brazil’s hydrocarbon sector demonstrated its resilience in the face of a price crash and the COVID-19 pandemic. Even those events along with heightened geopolitical risks and Continue Reading
Quake and Fire Has Japan Importing Most Fuel in Over 20 Years
Japan’s fuel imports have hit the highest level in more than two decades after series of incidents including an earthquake and a refinery fire curbed production at some of the Continue Reading
Climate change creates migrants. Biden considers protections
Ioane Teitiota and his wife fought for years to stay in New Zealand as refugees, arguing that rising sea levels caused by climate change threaten the very existence of the Continue Reading
Biden to pledge to cut U.S. greenhouse gas emissions by at least half by 2030
President Biden this week will pledge to slash U.S. greenhouse gas emissions at least in half by the end of the decade, according to two people briefed on the plan, Continue Reading
Biden administration blazes new path to protect grid from cyber threats, foreign adversaries
Highlights Revokes Trump ban on China-linked equipment Kicks off 100-day plan to modernize utility cyber defenses Seeks comments on long-term strategy, future prohibitions The Department of Energy April 20 launched Continue Reading
Xi to attend Biden’s climate change summit in first meeting of two leaders
China’s President Xi Jinping will attend a U.S.-led climate change summit on Thursday at the invitation of President Joe Biden, in the first meeting between the two leaders since the Continue Reading
Oilfield Services Company Turn To Tech To Boost Profitability
Artificial intelligence, the cloud, robots – these are concepts and products we associate with the IT industry. But there is one notoriously traditional, slow to innovate industry that is now Continue Reading
Factorial Energy emerges from stealth with 40 Ah solid-state battery cell for EVs
Factorial Energy , a start-up solid-state battery technology company, emerged from stealth mode with a 40Ah solid-state battery cell for electric vehicles (EVs) and other applications. Factorial also announced the Continue Reading
EU Council, Parliament reach provisional deal to cut emissions 55% by 2030
Highlights 225 million mt CO2 cap put on removals Carbon sink volume increased Negotiated deal needs formal approval Negotiators for the European Council and Parliament reached an informal agreement early Continue Reading
Crude oil futures rise on weaker dollar, pandemic concerns persist
Crude oil futures were higher during the mid-morning trade in Asia April 20 as the market received some tailwind from a weakening dollar, even as pandemic concerns continued to limit Continue Reading
Oil prices rise to over one-month highs on weak dollar
Oil prices rose to over one-month highs on Tuesday as a weaker U.S. dollar supported commodities and on expectations that crude inventories fell in the United States, the world’s biggest Continue Reading