Ford to shut some N. American plants for few weeks on chip shortage
Ford Motor Co (F.N) said on Wednesday several of its North American factories will be shut for a few weeks in July and August due to a global shortage of Continue Reading
U.S. natural gas producers hope customers will pay more for ‘green gas’
U.S. natural gas producers hope climate-conscious electric utilities and gas exporters will pay a premium for what they say is “greener gas” that has been certified as coming from low-emission Continue Reading
Chevron to sell some Permian assets valued at more than $1 bln -sources
Chevron Corp (CVX.N) is looking to sell two collections of conventional oil and gas fields in the Permian Basin valued at more than $1 billion combined, three sources told Reuters. Continue Reading
Biden climate adviser says clean electricity standard needed in infrastructure bill
A clean electricity standard, or CES, and tax credits for renewable energy are “bottom lines” needed in a second infrastructure package that could be passed this year, Gina McCarthy, the Continue Reading
Shell plans to hang on to Norco, Louisiana refinery
By the end of 2021, Royal Dutch Shell Plc (RDSa.L) will have just one operating crude oil refinery in the United States: The 227,400 barrel-per-day (bpd) refinery in Norco, Louisiana. Continue Reading
U.S. Companies Add More Jobs Than Expected, ADP Data Show
U.S. companies added more jobs in June than expected, indicating further progress in the nation’s labor market recovery. The 692,000 gain in private payrolls followed a downwardly revised 886,000 increase Continue Reading
Biden Administration Backs Maine Town To Ban Oil Pipeline From Canada
The U.S. Administration is supporting a city in Maine that has prohibited storage and handling of crude oil that would be shipped via a pipeline from Canada in a court Continue Reading
Biden administration to conduct broad review of US SPR by October
The US Department of Energy will conduct a broad review of the Strategic Petroleum Reserve by the end of September, the first in five years, to assess its size and Continue Reading
Government of Canada sets mandatory target of 100% zero-emission car and passenger truck sales by 2035 in Canada
The Government of Canada is setting a mandatory target for all new light-duty cars and passenger trucks sales to be zero-emission by 2035, accelerating Canada’s previous goal of 100% sales Continue Reading
Shell plans to exit California joint venture with Exxon Mobil
Royal Dutch Shell Plc (RDSa.L) plans to leave Aera, its California-based oil and gas-producing joint venture with Exxon Mobil Corp (XOM.N) , four people familiar with the talks told Reuters. Continue Reading
Deaths surge in U.S. and Canada from worst heatwave on record
A heatwave that smashed all-time high temperature records in western Canada and the U.S. Northwest has left a rising death toll in its wake as officials brace for more sizzling Continue Reading
U.S. natgas companies put hydrogen to the test
At least two dozen U.S. energy firms, including Dominion Energy Inc (D.N) and Sempra Energy (SRE.N) , have started producing hydrogen or testing its viability in natural gas pipes to Continue Reading
Infrastructure biggest hurdle to hydrogen economy as investments gather pace: DNV
Retrofitting gas pipelines key for blue hydrogen Energy companies to lift hydrogen investments by 2025 Clear policies, frameworks lift investments Energy professionals say a lack of infrastructure investment, along with Continue Reading
US crude exports’ four-week moving average hits more than one-year high
Highlights Exports highest since April 2020: EIA VLCC rates East at multi-year low amid fixing lull Tight arbitrage economics expected to impact August, September loadings US crude exports over the Continue Reading
Rolls-Royce partners with Shell in sustainable aviation fuel push
British engineering company Rolls-Royce (RR.L) said it would partner with oil company Shell (RDSa.L) to work on the development of sustainable aviation fuel (SAF) in line with both their plans Continue Reading
Russia Is Ready To Open The Taps
There is economic life after the pandemic. While the novel coronavirus hasn’t been vanquished, oil demand has significantly risen in the past couple of months. According to the IEA, by Continue Reading
This Norwegian Flagship Crude Could Save The Brent Benchmark
Deliberations on which benchmark presents the best opportunities to trade just never seem to stop. The gradual decline of all erstwhile champions of North Sea output champions has compelled pricing Continue Reading
UK To End Coal Power A Year Earlier Than Planned
The UK is bringing forward its target to end coal use in electricity generation by one year, to October 2024 as part of its aim to lead the world in Continue Reading
Rising Delta virus, absent Brits dampen Europe’s tourism hopes
While not a complete wash-out, the summer tourism season vital to southern Europe’s economies will be less than sizzling as the Delta coronavirus spreads and travel hurdles keep British and Continue Reading
Coronavirus global updates: New cases rise in Europe for the first time in 10 weeks amid delta variant spread
The number of new coronavirus cases increased across Europe for the first time in 10 weeks, the World Health Organization said Thursday, ending a stretch that had raised hopes the Continue Reading
Maersk signs deal on construction of first carbon-neutral vessel
A.P. Moller-Maersk — the largest shipping company in the world — has signed an agreement with South Korea’s Hyundai Mipo Dockyards to a build a feeder vessel capable of sailing Continue Reading
ZeroAvia expands hydrogen-electric aviation program to 19-seat aircraft in HyFlyer II; raises additional
$13M ZeroAvia has secured two twin-engine 19-seat Dornier 228 aircraft for the next phase of its research and development for clean hydrogen-electric aviation. ( Earlier post .) One Dornier is Continue Reading