This year looked like it would be a … windfall… for renewable energy companies with the advent of the Biden Administration and its massively expensive clean energy push. Nevertheless, solar Continue Reading
Iran is banning electricity-sapping cryptocurrency mining until the end of September as it grapples with power blackouts amid electricity scarcity. Even before the peak summer electricity demand season, Iran has Continue Reading
If the ongoing talks about the U.S. and Iran returning to the nuclear deal result in an agreement, it will be in August at the earliest that Iranian barrels will Continue Reading
The Arab Gulf oil producers are expected to slash their combined government deficits to some $80 billion this year from $143 billion last year, thanks to higher oil prices, reopening Continue Reading
Nigeria’s National Petroleum Corporation this week signed a deal with Shell, Exxon, Total, and Eni to develop an offshore oil block that includes the deepwater Bonga field, the NNPC said Continue Reading
In the latest desperate attempt to deal with fuel shortages that have crippled Venezuela’s economy, government leaders are trying to repurpose two massive oil upgraders to make a main ingredient Continue Reading
Economic recovery and a rebound in liquefied natural gas demand in the world’s largest LNG importing region, Asia, are set to keep spot regional LNG prices around current levels of Continue Reading
Last December, when a week-old hedge fund named Engine No. 1 challenged Exxon Mobil to change its ways, laughter echoed through Wall Street circles, from the fund’s name that recalled Continue Reading
Huizhou Baizhan Glass Co. factory in Guangdong. Sign up for Next China , a weekly email on where the nation stands now and where it’s going next. Eric Li’s factory Continue Reading
A new surge of interest has revived the lab-leak theory. Well over a year since a novel coronavirus began to spread in Wuhan, the idea that the deadly outbreak could be Continue Reading
Texas lawmakers are poised to pass several measures designed to help pay for the billions of dollars of energy costs stemming from catastrophic blackouts during the severe winter storm that Continue Reading
Exxon Mobil Corp. CEO Darren Woods suffered one of the biggest setbacks of his career at the hands of a tiny activist investment firm established less than six months ago. At Continue Reading
Exxon Mobil’s shareholders have voted to replace at least two of the company’s 12 board members with directors who are seen as better suited to fight climate change, bolster Exxon’s Continue Reading
An activist investor’s successful campaign to win seats on the board of Exxon Mobil Corp. XOM 1.17% represents a historic defeat for the oil giant, one that will likely force it to more directly confront growing Continue Reading
Ford Motor Co. F 8.51% shares rose to their highest level in nearly five years, after the auto maker outlined a tech-centric strategy to electrify much of its vehicle lineup and sharply grow its Continue Reading
Production to fall 400 MMcf/d by end of summer Operators rely heavily on DUCs during rebound Although Bakken natural gas production rebounded over the past year, volumes look to dip Continue Reading
Highlights Green H2 can decarbonize industrial sectors Cost competitive with natural gas by 2035 Green hydrogen will be a critical component of fully decarbonizing the US power sector and broader Continue Reading
U.S. President Joe Biden’s administration defended on Wednesday a proposed ConocoPhillips (COP.N) oil development in Alaska, backing the drilling project which was approved under the administration of former President Donald Continue Reading
Chevron CEO Mike Wirth speaks with Bloomberg Television. Chevron Corp. shareholders voted for a proposal to reduce emissions from the company’s customers, the latest sign that oil titans are coming Continue Reading
Extreme heat this summer could create energy shortfalls in California, Texas, New England and the U.S. West and Central regions, the organization responsible for North American electric reliability warned on Continue Reading
Lawyers for Shell take their seats at the start of the court case environmentalist and human rights groups have brought on against Royal Dutch Shell to force the energy firm Continue Reading
Royal Dutch Shell Plc was ordered by a Dutch court to slash its emissions harder and faster than planned, a ruling that could have far-reaching consequences for the rest of Continue Reading
European Union countries will seek to prolong EU support for cross-border natural gas projects, a stance at odds with the European Commission’s plan to end such funding, according to a Continue Reading
Oil was steady on Wednesday, trading in a narrow range, supported by optimism about improving U.S. fuel demand and a weak dollar, but with the prospect of a return of Continue Reading
Oil inched up with the prospect of a continued recovery in demand offsetting some concerns around higher Iranian supplies if sanctions on the country’s exports are loosened. West Texas Intermediate Continue Reading
The American Petroleum Institute (API) on Tuesday reported a draw in crude oil inventories of 439,000 barrels for the week ending May 21. Analysts had predicted a draw of 1.050 Continue Reading
Oil prices were steady on Tuesday, holding around one-week highs after jumping more than 3% the previous session as investors tempered expectations of an early return of oil exporter Iran Continue Reading
Ali Allawi, Iraq’s finance minister, found himself in a quandary last year as the spread of coronavirus cut demand for oil and prices tumbled. Allawi’s treasury, which receives more than Continue Reading
The global push for clean power generation and increased electrification in transportation is creating a new world order in energy where new winners and losers may emerge. If the world Continue Reading
Iran on Tuesday announced a list of mostly conservative or hard-line candidates for next month’s presidential election, after several moderate politicians were barred from running. Iran’s Guardian Council, which approves Continue Reading
Iran may have some 69 million barrels of oil in floating storage waiting on tankers to travel to buyers when U.S. sanctions on its crude oil exports are removed, estimates Continue Reading
April oil production was 3.39 million b/d Domestic crude 13% higher than earlier estimate Iraq has busted its quota since February Iraq, OPEC’s second largest producer, has revised upward its Continue Reading
The head of the UN’s nuclear watchdog has warned that Iran is enriching uranium at purity levels that “only countries making bombs are reaching”. Rafael Grossi, the director-general of the International Continue Reading
After very promising results on their first well in Namibia’s giant Kavango basin, global attention has turned to this small Canadian explorer as it drills its second well in a Continue Reading
The IEA’s shocking call for no new oil and gas exploration on the path to net-zero emissions doesn’t necessarily follow that demand through to its logical end game. A line-up Continue Reading
Boats in Bodo Creek in 2011. A total of 30 oil companies spilt 41,216 barrels of oil in Nigeria between 2019 and May this year. Between January 2019 and May Continue Reading
The source of the coronavirus that has left more than 3 million people dead around the world remains a mystery. But in recent months the idea that it emerged from the Wuhan Institute Continue Reading
India’s crude imports and refinery runs remained robust in April as refiners shipped in cargoes contracted earlier and refrained from backing out of deals despite a second wave of COVID-19 Continue Reading
Bodies, some of which are believed to be Covid-19 victims, partly exposed in shallow sand graves on the banks of the Ganges River last week in Uttar Pradesh, India.Ritesh Shukla/Getty Continue Reading
China’s strong economic momentum eased slightly in May, as surging raw material prices squeezed profits, businesses turned more cautious and property and car sales underperformed. That’s the outlook of an Continue Reading
The Biden Administration plans to source the key metals for electric vehicles from allies outside America and focus on processing those materials in the United States, officials told Reuters in Continue Reading
Canadian crude oil exports to the United States are about to increase this year as additional pipeline capacity comes online and oil sands output increases, Argus reports , adding that Continue Reading
The Transportation Security Administration intends to release the first of at least two security directives that would require pipeline operators to notify it when they are targets or victims of Continue Reading
ExxonMobil is facing a major challenge from a group of investors in one of the biggest fights a corporate boardroom has endured over its stance on climate change, an issue Continue Reading
Until now, the plan to power American cities by erecting thousands of giant wind turbines in the oceans off the United States has mostly been an East Coast vision. Developers Continue Reading
The United Kingdom will not commit to halting new oil exploration in the North Sea, a government energy body told Reuters, despite a warning from the world’s top energy watchdog Continue Reading
German Chancellor Angela Merkel expects further discussions with the United States on the Nord Stream 2 gas pipeline project after the administration of President Joe Biden waived sanctions on the Continue Reading
A meeting of European Union leaders on Tuesday could end without a declaration on how to meet the bloc’s new goal to cut greenhouse gas emissions due to differences over Continue Reading
No Democrats so far join effort to reverse waiver Senator Cramer urges Biden to sell US gas potential Biden/Putin summit set for June 16: White House US Senate Republicans opposed Continue Reading
Pipes for the Nord Stream 2 Baltic Sea pipeline are stored on a site at the port of Mukran in Sassnitz, Germany, September 10, 2020. REUTERS/Hannibal Hanschke U.S. President Joe Continue Reading
