Highlights Loan to help boost Basrah Gas Co’s processing capacity by 40% BGC currently treats 900 MMcf/d of associated gas BGC is JV between South Gas Co., Shell and Mitsubishi Continue Reading
Lake Kariba dam between Zambia and Zimbabwe. Zimbabwe faces prolonged power outages after a surge in electricity imports from neighboring South Africa overloaded its network and caused generating plants to Continue Reading
The Panama Canal faces a creeping threat from climate change, including droughts so intense that ships sometimes reduce their cargo so as not to run aground, and giant storms that Continue Reading
Latin America’s largest oil producer Brazil is one of the worst affected countries globally by the COVID-19 pandemic. According to the World Health Organization, Brazil is the third ranked country Continue Reading
Australia’s oil industry lobby group on Tuesday slammed as “extreme” the amount the government has proposed as a levy on all of the country’s offshore oil producers to cover the Continue Reading
PetroChina to suspend July exports Gasoline exports to slump 98% to 30,000 mt New quota allocation delay Chinese oil companies are likely to slash their July gasoline, gasoil and jet Continue Reading
In the shadow of Canada’s mega oil sands projects, smaller, technologically outdated facilities produce up to three times more emissions per barrel than the already high sector average- and rising Continue Reading
A pump jack operates in the Permian Basin oil and natural gas production area near Odessa, Texas, U.S., February 10, 2019. Picture taken February 10, 2019. REUTERS/Nick Oxford/Files Oil price Continue Reading
Temperatures were expected to shatter records in the Pacific Northwest again on Monday, bringing the city of Portland to a standstill as residents hunkered down in air conditioned homes or Continue Reading
The number of drilled but uncompleted wells (DUCs) in the U.S. shale patch has declined by 27 percent since the peak in June 2020, the Energy Information Administration (EIA) has Continue Reading
Despite a strong rebound in oil prices, seeing them hit three-year highs, U.S. shale oil producers are sticking to their output discipline, Reuters reports , citing rig count data and Continue Reading
The US Northeast has been hit by this year’s second heat wave, with forecasts for increased power demand, and temperatures above 90 degrees Fahrenheit, while power and natural gas prices Continue Reading
Tampa Electric saw its coal burn fall to 49,854 st in May, up 51.9% from the 32,825 st burned in April, according to the filing published June 28 by the Continue Reading
The sticker price on cars isn’t sticking. In some cases, it’s going up. Auto makers typically set what is known as the manufacturer’s suggested retail price, or MSRP, a figure Continue Reading
The US shale patch is holding back on big production boosts despite bumper profits and surging crude prices, as executives seek to avoid being punished again for responding with rapid Continue Reading
United expects to add more than 500 aircraft to its fleet in the coming years.Chris Helgren/Reuters United Airlines announced Tuesday that it was ordering 270 single-aisle planes from Boeing and Continue Reading
Transportation Secretary Pete Buttigieg got a close-up look at the crumbling state of New York City’s most critical rail link on Monday and vowed that the Biden administration was committed Continue Reading
Prompt-month tops $3.60, bal-21 averages $3.65/MMBtu Heat waves, limited generating capacity lift gas-fired burns Tight US supply-demand fundamentals spur market bulls NYMEX Henry Hub natural gas futures on June 28 Continue Reading
The global drilling contractor is investing a total of $21 million in a pair of geothermal technology companies. PHOTO SOURCE: Nabors Industries Nabors Industries (NYSE: NBR) reported last week that Continue Reading
European Union countries on Monday gave the final seal of approval to a law to make the bloc’s greenhouse gas emissions targets legally binding, as EU policymakers prepare a huge Continue Reading
Announcements of large new electrolyser projects, and the formation of consortia to build them, are appearing in the news almost daily. What began as a few announcements a year ago Continue Reading
Germany, US in talks on mitigating Nord Stream 2 impact CEO Vitrenko calls for ‘restraint in proposal assessments Naftogaz eyes more customers for Ukraine network The head of Ukraine’s state-owned Continue Reading
Crude oil futures were flat during the mid-morning trade in Asia June 28, as the market awaited the upcoming OPEC+ meeting later in the week for pricing cues. At 10:18 Continue Reading
Oil prices hit and then recoiled from highs last seen in October 2018 on Monday as investors eyed the outcome of this week’s OPEC+ meeting as the United States and Continue Reading
Goldman’s Currie on Favorite Commodity: Oil, Oil and More Oil The accelerating shift to cleaner energy poses a challenge for global oil demand in the next decade, according to a Continue Reading
Silicon panels pretty much rule the solar energy sector, with more than 90% of panels manufactured using the versatile element. This is not by chance; Si PV cells are cheap, Continue Reading
BARELY 14 months ago, oil traders were paying almost $40 to anyone willing to accept delivery of a barrel of crude by the end of May 2020. Such had been Continue Reading
The rapid spread of the delta coronavirus variant has forced a growing number of countries to reimpose lockdowns and other public health restrictions, raising fears that the more contagious variant Continue Reading
srael has serious reservations about the Iran nuclear deal being put together in Vienna, new foreign minister Yair Lapid told his American counterpart, as he pledged to fix “the mistakes Continue Reading
Just when it looked like Iraq was becoming a regional leader it decided to halt a $2 billion pre-paid oil supply deal with China’s state-owned Zhenhua Oil Co. despite aims Continue Reading
The United States said on Sunday it carried out another round of air strikes against Iran-backed militia in Iraq and Syria, this time in response to drone attacks by the Continue Reading
Iran said on Monday it has yet to decide whether to extend a monitoring deal with the U.N. nuclear watchdog which lapsed last week, amid Washington’s warning that Tehran’s failure Continue Reading
President Buhari responds to threat, says regional issues will be addressed Nigeria producing at only 70% of full capacity due to OPEC+ cuts, technical issues Government under economic strain, militancy Continue Reading
What we think is shaping up to potentially be the last great onshore oil discovery in the world has just announced encouraging results in the first section of its second Continue Reading
Muhammadu Buhari Photographer: Drew Angerer/Getty Images Nigerian President Muhammadu Buhari expressed concern about new threats by militant group the Niger Delta Avengers to bomb critical oil and gas infrastructure in Continue Reading
Brazil’s worst water crisis in nearly a century is fueling inflation that’s reverberating through the economy, posing an additional challenge for the central bank and for President Jair Bolsonaro’s re-election Continue Reading
The giant Baihetan hydropower plant on the upstream branch of China’s Yangtze river has begun generating electricity for the first time on Monday, state broadcaster CCTV reported. The project’s first Continue Reading
The White House and Senate negotiators sought to keep a bipartisan infrastructure deal on track Sunday after its future was cast into doubt when President Biden made and then withdrew a Continue Reading
U.S. operators have completed, started building, or announced a total of 19 petroleum liquids pipeline projects so far this year, the Energy Information Administration (EIA) said on Friday. Two pipelines Continue Reading
Higher oil prices and capital expenditure discipline are setting the stage for the highest free cash flow on record for the world’s exploration and production companies this year. And U.S. Continue Reading
The electric vehicle (EV) boom is now expected to come five years earlier than originally anticipated, in 2033, according to new research. Based on new Ernst & Young AI analysis Continue Reading
This follows on from Part I, which looked at EIA reserves and revision estimates for US as a whole and the GoM, and concentrates on the on-shore tight oil and Continue Reading
Oil price gains raise the ante but shale producers sit pat Restraint gives OPEC room to add more oil to global market Biggest shale firms focus on improving returns, not Continue Reading
The number of unemployment-benefit recipients is falling at a faster rate in Missouri and 21 other states canceling enhanced and extended payments this month, suggesting that ending the aid could Continue Reading
Hydraulic fracturing, the technology that made the United States the world’s top oil and gas producer, has earned a really bad rap. Much of this ill reputation has had to Continue Reading
New reports blame Texas’ mid-February energy emergency on the state’s energy regulatory structure and gas-fired generation, and less than a third of Texans think state government “will adequately tackle issues” Continue Reading
The Mayor of London, Sadiq Khan, launched England’s first hydrogen double-decker buses. The 20 new buses are the first of their kind to be launched in England; the new hydrogen Continue Reading
Russian gas giant Gazprom (GAZP.MM) said on Monday that gas transportation via the Yamal-Europe pipeline would be suspended from July 6-10 as it undergoes planned maintenance work. Maintenance work on Continue Reading
Russia has introduced tough new restrictions including regional lockdowns and compulsory vaccinations in a belated response to a third coronavirus wave sweeping the country. President Vladimir Putin has rowed back from Continue Reading
The next two weeks ahead of the OPEC+ policy meeting on July 1 will be extraordinarily tight for the oil market, according to Rystad Energy. The next two weeks ahead Continue Reading
