U.S. Energy Secretary Jennifer Granholm on Friday called hydrogen “a huge opportunity” for the oil and gas sector to reduce greenhouse gas emissions. Granholm visited an Air Liquide facility in Continue Reading
Royal Dutch Shell lost a major climate lawsuit. The management of Chevron suffered defeat by shareholders who voted for setting an absolute reduction target for greenhouse gases. And, perhaps in Continue Reading
Americans continue to venture back out into public to buy services they went without for more than a year—a shift that is adding fuel to the economic recovery and stirring higher Continue Reading
Baker Hughes reported on Friday that the number of oil and gas rigs in the United States increased by 2 again this week, bringing the total rig count to 457—a Continue Reading
Treasury says the incentives distort market, risk energy security Senate Finance advances clean energy bill with similar repeals US President Joseph Biden proposed eliminating a slew of tax benefits for Continue Reading
A new poll suggests the United States could be on track to vaccinate at least 70 percent of the adult population against Covid-19 by this summer. In the latest survey by the Continue Reading
In a perspective piece in the journal Joule , researchers at the University of Michigan lay out the main questions facing lithium-metal, solid-state batteries. To develop the questions, they worked Continue Reading
The impacts of California’s deepening drought hit home for Central Valley farmers earlier this week, when federal officials announced they didn’t have enough water to supply many of their agricultural Continue Reading
Germany will invest more than 8 billion euros ($9.74 billion) to fund large-scale hydrogen projects, the Economy and Transport ministries said on Friday, in a step to scale up hydrogen Continue Reading
When Italy won the Eurovision Song Contest with an over-the-top glam-rock performance, the victory signaled more than just a psychological boost for one of the countries hardest hit by COVID-19: Continue Reading
Crude oil futures ticked higher the mid-morning trade in Asia May 28 as positive economic data from the US augured well for oil demand, even as concerns persisted over the Continue Reading
Oil traded near the highest close in more than two years as optimism over burgeoning U.S.-led demand outweighed concern that Iranian supplies will jump should sanctions on official exports be Continue Reading
Oil prices were little changed on Friday, with Brent holding near $70 a barrel as strong U.S. economic data and expectations of a rebound in global demand offset concerns about Continue Reading
Oil closed at its highest price in more than two years as strong U.S. economic data fueled a broader market rally and Wall Street stuck to bullish views on climbing Continue Reading
Fresh from striking a hammer blow in the boardrooms of the world’s biggest oil companies, the climate movement has a clear message: the energy transition is happening and there’s no Continue Reading
Rating agency Moody’s said on Friday that the credit risk of major oil producers has increased with recent events including Royal Dutch Shell (RDSa.L) losing a Dutch climate lawsuit this Continue Reading
The environmental group which scored a big win against Shell in court on Wednesday is already helping fellow organizations to sue other Big Oil companies over their contribution to climate Continue Reading
OPEC+ is likely to stick to the existing pace of gradually easing oil supply curbs at a meeting on Tuesday, OPEC sources said, as producers balance expectations of a recovery Continue Reading
The OPEC+ group is expected to confirm next week its May-July plan to ease the oil production cuts by the planned 840,000 barrels per day (bpd) in July, OPEC+ delegates Continue Reading
Bonga Floating Production Storage and Offloading vessel, Nigeria. The OML license for the block partners Shell, Total, Exxon Mobil and Eni were renewed for another 20 years. The Nigerian National Continue Reading
NNPC looking to buy 20% stake in Dangote refinery Dangote expects refinery to come online next year NNPC desperate to reduce fuel imports State-owned Nigerian National Petroleum Corp., or NNPC, Continue Reading
Venezuela welcomed this week its first diesel cargo since November 2020, a fuel that the country sitting atop the world’s largest oil reserves has been forced to ration, similar to Continue Reading
Despite the call from the International Energy Agency (IEA) that no new funding for fossil fuels is necessary if the world wants to get on the net-zero 2050 pathway, Asia Continue Reading
This year China’s government has been gradually ramping up scrutiny of its sprawling oil industry, reinforcing its authority with new taxes on refined products while investigating crude imports by state Continue Reading
US natural gas storage fields injected 115 Bcf for the week ended May 21 — much more than expected — prompting Henry Hub futures to decline across the board May Continue Reading
Despite President Biden’s pledge to aggressively cut the pollution from fossil fuels that is driving climate change, his administration has quietly taken actions this month that will guarantee the drilling Continue Reading
U.S. energy companies are scrambling to buy more cyber insurance after this month’s attack on Colonial Pipeline disrupted the U.S. fuel supply, but they can expect to pay more as Continue Reading
Highlights Third refinery sale in a month Shell retains one US refinery Tighter EU ETS system in effect Shell on May 27 said it reached an agreement to sell its Continue Reading
GOP plan calls for nearly $1 trillion over eight years EV concession is a fraction of Biden’s $174 billion plan Plug-in EVs hit record 3.6% market share in US in Continue Reading
Annualized output projection rises 7% to 572 mil st All four major basins slide from week ago Weekly US coal production was estimated at 11.6 million st, down 5.4% from Continue Reading
Highlights Oil rigs up 1; gas rigs climb 3 Permian rigs up 7 at 244 Bakken output to fall as DUC count declines The US oil and gas rig count Continue Reading
The Texas electric grid came within five minutes of a complete collapse in mid-February. The problem could have been much worse. A little-known network designed to jolt the grid back to life Continue Reading
The U.S. economy grew at a robust annual rate of 6.4% in the first three months of this year, unchanged from the government’s initial estimate. The recovery from last year’s Continue Reading
Communities from California to New England are at risk of power shortages this summer, with heat expected to strain electric grids that serve more than 40% of the U.S. population. Continue Reading
U.S. motorists will see the highest gasoline prices in seven years when they hit the roads this Memorial Day weekend, the traditional start of the summer driving season, as fuel Continue Reading
Global oil and gas companies could be facing a major legal threat if the Dutch court ruling on Royal Dutch Shell sets an international precedent. In a case by Dutch Continue Reading
Import demand, domestic supply of renewables limited German industry leaders have called for a faster rollout of hydrogen projects after the government brought forward a net-zero target to 2045. Receive Continue Reading
PEUGEOT has become one of the first manufacturers to offer in series production, from 2021 onwards in the compact utility van segment, an electric version powered by a hydrogen fuel Continue Reading
To comply with a Dutch court order to cut carbon emissions, Royal Dutch Shell RDS.A -0.82% PLC may have to overhaul its business and cut its oil output faster than it had planned, analysts and investors Continue Reading
A court has ordered Royal Dutch Shell to accelerate its strategy for the energy transition by making steeper and quicker cuts to greenhouse gas emissions than it had planned. The Continue Reading
Oil and gas giant Total will be rebranded as TotalEnergies as it shifts some of its focus towards renewable energy sources. Shareholders voted overwhelmingly in favour of the move. However, Continue Reading
Oil prices fell on Thursday but stayed within the tight range set this week, with optimism about the summer driving season in the United States and Europe offsetting concerns on Continue Reading
Oil fell below $66 a barrel amid concern the market could encounter additional Iranian barrels if sanctions on the Persian Gulf producer are lifted. West Texas Intermediate futures declined, with Continue Reading
Crude oil futures were lower during the mid-morning trade in Asia May 27 as a stronger US dollar dampened demand, outweighing the bullish sentiment generated by the data from the Continue Reading
Oil climbed to the highest in more than a week as shrinking crude inventories and further signs of a demand pick-up in the U.S. countered concerns around the prospect of Continue Reading
A day after the American Petroleum Institute reported a minor crude draw that nevertheless strengthened prices, the Energy Information Administration confirmed a draw, at 1.7 million barrels for the week Continue Reading
Immunity to the coronavirus lasts at least a year, possibly a lifetime, improving over time especially after vaccination, according to two new studies. The findings may help put to rest Continue Reading
Big Oil has suffered a climate backlash after a court-ordered Royal Dutch Shell to aggressively slash carbon emissions and ExxonMobil shareholders backed an activist investor that said the supermajor faced Continue Reading
Fresh from striking a hammer blow in the boardrooms of the world’s biggest oil companies, the climate movement has a clear message: the energy transition is happening and there’s no Continue Reading
Reuters It’s becoming more likely that a key global temperature limit will be reached in one of the next five years. A major study says by 2025 there’s a 40% Continue Reading
