Private Investors Shun India’s Coal Projects
India’s Coal Ministry has received bids from private investors for just 19 out of the 67 coal mines it had put up for an auction to private investors, the ministry Continue Reading
US Treasury allows LPG exports to Venezuela in possible sign of easing sanctions
Highlights Waiver allows US suppliers to meet propane shortage Move seen as symbolic of easing of sanctions pressure The US Department of Treasury granted a sanctions waiver July 12 allowing Continue Reading
U.S. okays liquefied petroleum gas exports to Venezuela
WASHINGTON, July 12 (Reuters) – The U.S. government on Monday authorized shipments to Venezuela of liquefied petroleum gas, mainly used in the OPEC nation as cooking fuel and currently in Continue Reading
InterContinental Energy announces 50 GW Western Australia green hydrogen hub
Highlights Project to produce 3.5 million mt/year green hydrogen Partners in project are CWP, Mirning Green Energy InterContinental Energy plans to build a 50 GW Western Australia renewable energy hub Continue Reading
Shell signs five-year contract to supply PetroChina with carbon neutral LNG
Oil major Shell (RDSa.L) has signed a five-year contract with PetroChina (601857.SS) to supply the Chinese company with carbon-neutral liquefied natural gas (LNG) cargos, Shell said on Monday. Many companies, Continue Reading
U.S. shale oil output expected to rise 42,000 bpd in August to 7.907 million bpd -EIA
Crude output from seven major shale formations is expected to rise by 42,000 bpd in August, to 7.907 million bpd, compared with a 28,000 bpd rise in July, according to Continue Reading
Golf Carts Now Run on the Same Batteries as Your EV
Sunscreen , fire pits , Yeti coolers , superyachts , RVs , e-bikes . Name a thing that people use for leisure or recreation and it’s a safe bet that Continue Reading
Oil industry banker urges Houston to embrace clean energy
Houston, the epicenter of America’s oil industry, needs to embrace the shift to cleaner energy to secure its economic future, one of the city’s top oil bankers says.”If Houston wants Continue Reading
Drilling Productivity Report
The Drilling Productivity Report (DPR) rig productivity metric new-well oil/natural gas production per rig can become unstable during periods of rapid decreases or increases in the number of active rigs Continue Reading
Investors Are Betting Big On The Future Of EV Efficiency
With the global electrification drive in full swing, electric cars have constantly been improving in terms of mileage, performance, charging time—and costs. And, Wright’s law has so far proven to Continue Reading
U.S. Gasoline Demand In 2021 May Have Peaked Already
The United States may have seen 2021 gasoline demand peak around the July 4 holiday, but increased airline traffic at domestic airports bodes well for the overall recovery in oil Continue Reading
US crude, gasoline stocks expected to keep falling as demand grows
Highlights Refinery utilization seen higher, distillate stocks likely up Crude exports seen around 2.9 million b/d: Platts Analytics Gasoline demand expected to soften The weekly streak of US crude oil Continue Reading
Caribbean oil refinery seeks bankruptcy as lenders refuse to inject more cash
The owners of Limetree Bay, a Caribbean oil refinery dogged by cost overruns and regulatory troubles, filed for bankruptcy on Monday after lenders balked at putting new cash into the Continue Reading
Crowley to build and operate the first all-electric US tugboat to serve Port of San Diego; eWolf
Crowley Maritime Corporation will build and operate eWolf, the first all-electric powered harbor tugboat. The 82-foot vessel with 70 tons of bollard pull advances Crowley and the maritime industry’s efforts Continue Reading
USA Gasoline Demand Surged 9.5% Last Week
Should U.S. refiners get excited about one week of record demand for gasoline? With jet fuel consumption still weak and distillate stocks rising despite strong domestic demand, refiners must rely Continue Reading
U.S. oil mergers surge as energy, share prices recover from pandemic
U.S. oil and gas mergers surged last quarter with the most $1 billion-plus combination since 2014, according to data released on Monday, as rising energy and share prices led to Continue Reading
France Pushes Back Against EU Banning Combustion Cars by 2035
France is resisting the European Union effectively phasing out combustion-engine car sales by 2035, advocating for a more lenient target for the end of the decade and a longer leash Continue Reading
Siemens starts construction of 8.75 MW hydrogen plant in Bavaria
Wunsiedel electrolyzer set to start in summer 2023 1,350 mt/year output for regional consumption Siemens has started construction of an 8.75 MW electrolyzer plant in Germany to be operational in Continue Reading
Nord Stream 2 gas link construction to be completed by end-August: CEO
Goal to have pipeline operational in 2021: Warnig Warnig sees Ukraine retaining Russian gas transit role Nord Stream 2 to be ready to carry hydrogen in 10 years Construction of Continue Reading
Norway’s Equinor sees role for blue hydrogen beyond 2050 in net-zero CO2 world
Targets 10% of European low-CO2 hydrogen by 2035 Economical CCS needs around Eur100/mt CO2 price A third of Northern Lights CCS space contracted Norway’s state-controlled energy company Equinor is confident Continue Reading
EU rules will make electric cars more profitable than petrol, says VW executive
EU emissions rules due to come into force as soon as 2025 are likely to make petrol cars less profitable than electric models, marking a landmark moment for the auto Continue Reading
Oil prices slip as economic worries offset tightening supplies
Crude futures slipped on Monday as concerns over slowing global growth outweighed the prospect of tightening supply after talks among key producers to raise output in coming months stalled. Brent Continue Reading
Oil Slips Following Two-Day Gain With Demand Outlook in Focus
Oil dipped after a two-day gain as investors assessed the demand outlook amid a Covid-19 resurgence in many regions. Futures in New York edged toward $74 a barrel after rising Continue Reading
Supply struggles, not just demand, are fuelling LNG’s price surge: Russell
The rally in spot liquefied natural gas (LNG) prices in recent weeks has been framed as being led by robust demand in Asia and in Europe as the northern hemisphere Continue Reading
Natural Gas Prices Still Have Room To Run
U.S. natural gas prices have more than doubled since last year’s pandemic-induced slump. Prices surged in the second quarter of 2021 by 40 percent, registering the largest quarterly rise since Continue Reading
The beginning of the end for Big Oil
After a pandemic and a price war sent petroleum prices tumbling in 2020, they are again on the rise. A new oil price super cycle — an extended period during Continue Reading
Analysis: Big Oil keeps brakes on spending even with crude rally windfall
Leading international energy companies are resisting the temptation to rush and spend an unexpected windfall from rallying oil and natural gas prices as they focus on longer-term energy transition challenges, Continue Reading
The IEA’s Climate Warnings Grow Louder, But Is Anyone Listening?
Earlier this month the International Energy Agency had yet another dire warning for those concerned about the welfare of the planet. Natural gas demand, the IEA said, was improving faster Continue Reading
Middle East adding solar capacity despite some delays, rising polysilicon costs
The Middle East is moving ahead with solar projects, seeking to pass on soaring polysilicon costs, even as some plans have been delayed due to the pandemic, the region’s solar Continue Reading
Pandemic worsens for Iraq as Delta variant and vaccine hesitancy take root
Iraq’s covid-19 infection rate has peaked for a third time, to a record high, putting dire pressure on an overloaded health care system. A special team of the al-Hashid al-Shabi, Continue Reading
Lebanon On The Brink As Fuel And Electricity Shortages Grip The Country
On the last day of the month, armed protesters took to the streets of Tripoli. They were outraged by the power outages and the story of a child on life Continue Reading
High prices cast dark cloud over India’s spot oil, LNG buying appetite
Highlights Platts Analytics expects Dated Brent to ease toward $66/b by year end Platts WIM at $13.029/MMBtu July 9, up nearly $4 from two months earlier High oil prices to Continue Reading
Top Energy Producer Excited by Nigeria’s New Petroleum Law
Seplat Energy Plc, Nigeria’s biggest oil and gas exploration and production company said it hopes passage of the country’s long-awaited Petroleum Industry Bill by lawmakers will spur investment into the Continue Reading
Nigeria: Hike in Price of Diesel Worsens Nigeria’s Economic Woes
Even as the organised labour and the federal government continue their engagement on what the appropriate price of petroleum motor spirit (PMS), otherwise known as petrol should be, oil marketers Continue Reading
Creating A Blueprint For A Sustainable Future In Latin America
As Latin America continues its economic recovery from Covid-19, countries in the region are increasingly looking towards the circular economy as a platform for sustainable future growth. A counterpoint to Continue Reading
Brazil Plans To Be 5th-Largest Crude Exporter By 2030
Brazil’s expected oil output surge this decade will make it the world’s fifth-largest crude exporter in 2030, Brazilian Mines and Energy Minister Bento Albuquerque said in an interview with The Continue Reading
Australia’s COVID-19 Delta outbreak worsens despite Sydney lockdown
The prospect of an extended lockdown in Sydney loomed on Monday as Australian health officials reported yet another record daily rise in COVID-19 cases for the year, fuelled by the Continue Reading
China’s Slowing V-Shaped Economic Recovery Sends Global Warning
China’s V-shaped economic rebound from the Covid-19 pandemic is slowing, sending a warning to the rest of world about how durable their own recoveries will prove to be. The changing Continue Reading
U.S. Shale Can’t Afford To Gamble On The OPEC+ Outcome
Following a deadlock in OPEC+ negotiations at the July 2021 meeting, oil prices briefly rose above $75 per barrel at the prospect of the alliance keeping output stable from August Continue Reading
US Rebound from Winter Storm Raises Non -Opec Production
Below are a number of oil (C + C ) production charts for Non-OPEC countries created from data provided by the EIAʼs International Energy Statistics and updated to March 2021. Continue Reading
Heat Scorches U.S. West as Records Fall Across the Region
Searing heat continues to scorch the western U.S., with Las Vegas tying its highest temperature ever and downtown Sacramento, California, setting a new second-highest mark on Saturday and relief at Continue Reading
More Power Lines or Rooftop Solar Panels: The Fight Over Energy’s Future
The president and energy companies want new transmission lines to carry electricity from large solar and wind farms. Some environmentalists and homeowners are pushing for smaller, more local systems. The Continue Reading
Brussels targets aviation fuel tax in drive to reduce carbon emissions
Brussels will set out plans this week to increase taxes on polluting fuels and introduce an EU-wide levy on aviation kerosene for the first time, under measures intended to put Continue Reading
UK Households To Foot The Bill For New Nuclear Plants
Households will reportedly soon see their energy bills hiked in order to pay for the construction of new nuclear power plants in the UK. Ministers are in the process of Continue Reading
First international safety standard for Level 4 automated driving systems has been published
An international group of experts led by WMG, University of Warwick working together as a part of an ISO technical committee, has published the first international (ISO) safety standard for Continue Reading
Europe’s climate masterplan aims to slash emissions within a decade
The European Union is set to take the lead in climate policy action among the world’s biggest greenhouse gas emitters this week, with a raft of ambitious plans designed to Continue Reading
Spread of Delta variant casts shadow over Europe’s economic rebound
The rapid spread of the Delta coronavirus variant is causing economists to worry that Europe’s brightening economic outlook risks being undermined by rising infection levels and the reintroduction of travel Continue Reading
Oil Posts First Weekly Loss Since May on OPEC+ Volatility
Oil fell this week for the first time since May after days of volatile trading in the wake of OPEC+’s stalemate over a production increase in the near term. Futures Continue Reading
Oil Heads for Worst Week Since May as OPEC+ Feuds, Delta Spreads
Oil headed for the biggest weekly loss since May as a dispute between Saudi Arabia and the United Arab Emirates clouded the outlook for supply just as the spread of Continue Reading
2021 EIA Oil Price Forecast Jumps
The U.S. Energy Information Administration’s Brent spot average price forecast for 2021 has jumped to $68.78 per barrel. The U.S. Energy Information Administration’s (EIA) Brent spot average price forecast for Continue Reading