Global oil deficit is currently seen at around 1 million barrels per day, Russia’s deputy prime minister Alexander Novak told reporters on Wednesday. He added that the Organization of Petroleum Continue Reading
Mercedes-Benz AG is the first car manufacturer to take an equity stake in Swedish start-up H2 Green Steel (H2GS) as a way to introduce CO 2 free steel into series Continue Reading
Crude oil futures edged higher during mid-morning trade in Asia May 25, extending overnight gains, as some uncertainty emerged over the restoration of the Joint Comprehensive Plan of Action on Continue Reading
Oil held the biggest two-day gain since March as investors tracked a recovery in demand that may enable the market to accommodate any fresh flows from Iran should the nation’s 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
Oil climbed the most in a month after Iran said that gaps remain in negotiations aimed at reaching a deal to end U.S. sanctions on its crude. Futures rose 3.9% Continue Reading
Businesses are buying more renewable power, and oil majors want a piece of the action.European oil companies including BP PLC and Royal Dutch Shell PLC are building new wind and solar projects and striking deals Continue Reading
The five largest oil and gas companies in the world saw their combined revenues drop by 30 percent last year, although they still generated more than $1 trillion in total Continue Reading
Last week the International Energy Agency (IEA) released a new report detailing the steps that would be required to get the world to net?zero carbon emissions (NZE) by 2050. The Continue Reading
A stark appeal by the world’s top energy body to stop investment in new fossil fuel projects by next year has met a mixed reception from the world’s top producers Continue Reading
Rigzone looks back at oil and gas market hits and misses for the week ending May 21, 2021. (The views and opinions expressed in this article are those of the Continue Reading
As many of the world’s governments continue pushing to a greener future, the energy transition is colliding with another challenge facing the world as it struggles to emerge from the Continue Reading
The number of new people forced to move within their own countries by climate disasters rose to the highest in at least a decade in 2020, more than three times Continue Reading
Some $150 billion in oil revenues has been stolen and smuggled out of Iran since the fall of Saddam Hussain in 2003, the president of Iraq said, as quoted by Continue Reading
The ten OPEC members bound by the OPEC+ production agreement have increased their collective crude oil exports by more than 1 million barrels per day (bpd) so far in May, Continue Reading
Around 32 million barrels of Iranian oil on water Floating oil volumes have more than doubled since January Iran laying the ground for an export revival Iran is starting to Continue Reading
Highlights Extension runs to June 24 Iran pumped 2.43 mil b/d in April: S&P Global Platts OPEC survey Fifth round of JCPOA talks set for this week Negotiations between Iran Continue Reading
A mysterious air base is being built on a volcanic island off Yemen that sits in one of the world’s crucial maritime chokepoints for both energy shipments and commercial cargo. Continue Reading
A number of peculiar things have happened in the Middle East in the past few weeks involving the U.S., Saudi Arabia, and the UAE, all with some sort of focus Continue Reading
Nigeria lost at least 52 million barrels of crude oil between May and December 2020 to COVID-19-induced compulsory supply cuts imposed by the Organisation of Petroleum Exporting Countries (OPEC), according Continue Reading
Delhi is considering relaxing its Covid-19 restrictions six weeks after a devastating coronavirus surge rocked the Indian capital , with a pledge to ramp up vaccinations to protect the city’s Continue Reading
For sale: 864,793 barrels of crude oil, bitumen, fuel oil and other products Another 550,000 barrels of crude in oil tanker sold on the international market for $25 million RdK, Continue Reading
Venezuela’s state-run oil company PDVSA has restarted crude blending at its Petrolera Sinovensa facility after a gas supply outage to the Jose oil export terminal halted operations last week, according Continue Reading
Asia’s surging coronavirus infections and slow pace of vaccinations is testing the limits of what central banks can do to further support what, until recently, had been the world’s stand Continue Reading
Around 2.5 mil mt cargo to be discharged in May Refiners may continue imports by re-allocating tax cost Heavy crude to be in favor China’s bitumen blend imports — which Continue Reading
U.S. intelligence agencies are examining reports that researchers at a Chinese virology laboratory were seriously ill in 2019 a month before the first cases of COVID-19 were reported, according to Continue Reading
Shale investors have been demanding more consolidation in the oil patch. But not exactly a deal like this one. The merger of Cabot Oil & Gas Corp. with Cimarex Energy Co. announced Monday has confounded Continue Reading
President Biden announced Monday that he was doubling the amount of money the U.S. government will spend helping communities get set for extreme weather events, proclaiming the need for full readiness Continue Reading
It’s one of the busiest travel days of the year in the United States. As drivers ready to hit the road for their Memorial Day weekend road trips, they might Continue Reading
DAPL ruling bodes well for other legal fights over existing pipelines Developer still awaits environmental review slated for March 2022 completion Energy Transfer has still planned on DAPL capacity expansion Continue Reading
Discipline. Infrastructure. Storage. What do these three words have in common? They will all likely figure prominently this week in the oil and gas markets, according to a trio of Continue Reading
Royal Dutch Shell (RDSa.L) was still evaluating plans for an idled Louisiana oil refinery, the company said on Monday, after a Baton Rouge investor said over the weekend his $1.25 Continue Reading
The United States last week reported the lowest number of new COVID-19 cases in nearly a year, with new infections dropping 26% from the previous seven days to just under Continue Reading
Royal Dutch Shell (RDSa.L) agreed on Monday to sell its controlling interest in a Texas refinery to partner Petroleos Mexicanos (Pemex) for about $596 million, the latest move by the Continue Reading
A Dutch court verdict against Royal Dutch Shell Plc will determine whether it has a legal responsibility for climate change, in a case that will be watched by Big Oil executives Continue Reading
It’s one of the most devastating shortages in the energy markets since the 1970s. And soon, it could spark the beginning of the next phase of the EV boom… Creating Continue Reading
California initiated on Friday the pre-rulemaking stage of proposed legislation that would end fracking in the state in 2024. The Department of Conservation, Geologic Energy Management Division released pre-rulemaking draft Continue Reading
Texas lawmakers have advanced several bills designed to avoid a recurrence of widespread power generation outages which occurred during mid-February storm, but legislators remain divided over how to ensure natural Continue Reading
Researchers have developed a concept for a rechargeable battery based on cement—a world-first such concept that they suggest could one day turn buildings into giant energy storage facilities. The proof Continue Reading
Imagine an entire twenty storey concrete building which can store energy like a giant battery. Thanks to unique research from Chalmers University of Technology, Sweden, such a vision could someday Continue Reading
A rechargeable cement-based battery was developed, with an average energy density of 7 Wh/m 2 (or 0.8 Wh/L) during six charge/discharge cycles. Iron (Fe) and zinc (Zn) were selected as Continue Reading
The European Union (EU) is looking to extend energy taxation to the aviation industry as the bloc is ramping up efforts to raise its chances of reaching the targets in Continue Reading
Port of Cromarty Firth eyes imports from Norwegian hydro producer Imports to complement own green hydrogen production from mid-2023 Aims to become first transshipment hub for Gen2 Energy output Scotland Continue Reading
European carbon prices are running at record highs these days, and they have more room to rise, according to some analysts and traders. On the face of it, this is Continue Reading
Crude oil futures jumped during mid-morning trade in Asia May 24, as the market grew anxious of another above-normal hurricane season, while paring losses from a selloff during the week Continue Reading
Oil advanced above $64 a barrel as more signs the U.S. economy is rapidly bouncing back from the pandemic outweighed concern a revival of the Iranian nuclear deal will lead Continue Reading
Climate change is no longer a fiery apocalypse that we expect to happen in the far-off future. Rising sea levels, wild-fires, heatwaves, and extreme weather events are already wreaking havoc Continue Reading
A guest post by George Kaplan There’s not much revelatory here, more a completist’s list showing reserve changes for seven IOCs, with more to come over the next months, but Continue Reading
Qatar’s recent announcement that it would build the world’s largest LNG production facility did not prompt any applause from other LNG producers. Now, the tiny Gulf nation is also cutting Continue Reading
The biggest oil-exporting region in the world, the Middle East, has set its sights on becoming a major clean energy exporter of green hydrogen. The largest oil producers in the Continue Reading
