Africa-focused Tullow Oil (TLW.L) expects a full-year operating cash flow of $600 million, steady from last year if the oil price averages $60 a barrel for the rest of the Continue Reading
The privatization agency in Africa’s largest economy plans to sell or allow private investors to manage 36 state-owned assets to boost government revenues that have come under pressure from lower Continue Reading
Nigeria lost 42.25 million barrels of crude oil valued at 2.77 billion dollars to oil theft in 2019, the Nigeria Extractive Industries Transparency Initiative (NEITI) said in its latest audit Continue Reading
Strong Asia prices lift shipments from US Congestion spurs increase in eastward voyages LNG tanker transits through the Panama Canal recorded a 12% increase from October through June compared with Continue Reading
China’s crude oil imports fell to some 9.77 million barrels daily last month, down 2 percent on May and the lowest monthly level since the start of the year, Reuters Continue Reading
Australian authorities extended a lockdown in Sydney on Wednesday by at least 14 days, after three weeks of initial restrictions failed to stamp out the biggest outbreak of COVID-19 this Continue Reading
Singapore unveiled on Wednesday one of the world’s largest floating solar panel farms, spanning an area equivalent to 45 football fields and producing enough electricity to power the island’s five Continue Reading
A coal-burning power plant can be seen behind a factory in China’s Inner Mongolia Autonomous Region, October 31, 2010. REUTERS/David Gray Preparation work “basically complete”, vice-minister says Scheme to cover Continue Reading
As unprecedented heatwaves sweep across large parts of the Northern Hemisphere, China is telling its people to brace for another summer of dangerous floods and droughts. China’s National Climate Center Continue Reading
China will launch a national emissions-trading program on Friday, according to people familiar with the matter, creating the world’s largest carbon market and doubling the share of global emissions covered Continue Reading
U.S. Consumer Prices Surge in June, Topping All Estimates Prices paid by U.S. consumers surged in June by the most since 2008, topping all forecasts and testing the Federal Reserve’s Continue Reading
The COVID-19 curve in the U.S. is rising again after months of decline, with the number of new cases per day doubling over the past three weeks, driven by the Continue Reading
Tariq Fancy, BlackRock Inc.’s former chief investment officer for sustainable investing, found himself at odds with colleagues more focused on marketing sustainable funds than creating investments that have actual climate Continue Reading
While more than 80% of the largest U.S. companies have set emissions reduction goals, less than half engaged with lawmakers to advocate for science-based climate policies — and more than Continue Reading
United Airlines Holdings Inc. and regional carrier Mesa Air Group Inc. each agreed to buy as many as 100 small electric-powered planes from a Swedish startup — if the aspiring Continue Reading
U.S. inflation continued to accelerate in June at the fastest pace in 13 years as the recovery from the pandemic gained steam and consumer demand drove up prices for autos, airline fares and other items. The Continue Reading
U.S. shale oil production will increase by a modest 42,000 bpd in August, according to the Energy Information Administration. In its latest Drilling Productivity Report , the EIA forecast that Continue Reading
Connecticut Hub power prices up 95% on year Gas-fired generation up 3 aGW from May Winter on-peak power expected in mid-$60s/MWh Power and natural gas prices increased sharply month on Continue Reading
Though EVs represent a small fraction of delivery vehicles today, the number is growing. In 2019, Amazon announced plans to obtain 100,000 electric delivery vehicles. UPS has ordered 10,000 of Continue Reading
America’s oil demand has soared to new heights in a remarkable turnaround from just a year ago when the pandemic sent the U.S. economy into a tailspin and decimated demand. Continue Reading
The Biden administration has tapped scientist Allison Crimmins from the Environmental Protection Agency to guide the U.S. government’s next authoritative report on the consequences of climate change. The report, known Continue Reading
An area of thawing permafrost is threatening a stretch of a major Alaskan pipeline as the structure experiences damages from the changing weather. An 810-foot section of the Trans-Alaska Pipeline Continue Reading
SPP gas-fired generation dips 7,000 aMWh in July Market share for coal in SPP now approaching 50% Midcon gas prices near $3.50 limit upside for gas A seasonal decline in Continue Reading
Electrify America announced its “Boost Plan” to more than double its current electric vehicle (EV) charging infrastructure in the United States and Canada, with plans to have more than 1,800 Continue Reading
American drillers have restored less than 20% of the oilfield services jobs lost due to the pandemic, with companies favoring investor returns over boosting output, according to a trade group. Continue Reading
Volkswagen is investing in electric vehicles more than other legacy car makers in the U.S. WSJ goes inside an engine factory that is being transformed into a battery plant as Continue Reading
EU to propose CO2 curbs that make combustion cars unfeasible Carmakers already accelerating switch to electric motors Firms want commitment to build public charging network Questions over EU view on Continue Reading
Britain will ban the sale of new petrol and diesel heavy good vehicles from 2040 as part of a broader package of green initiatives aimed at achieving net zero emissions Continue Reading
The European Union is set to transform every corner of its economy — from how people heat their home to the cars they drive — as the bloc uses a Continue Reading
The U.K. will end the sale of all new diesel and petrol heavy goods vehicles by 2040 and ultimately decarbonize all modes of domestic transport by 2050, under government plans. Continue Reading
European officials are preparing to introduce ambitious legislation designed to wean one of the world’s biggest and most polluting economies off fossil fuels far more quickly than other nations have Continue Reading
” The professionalization of the biomass industry is a problem that needs attention .”–Bas Eickhout, Dutch politician and member of the European Parliament. When it comes to the global shift Continue Reading
Oil rose on optimism that fuel demand will keep rising and tighten the market, despite a Covid-19 resurgence in many regions. Futures in New York added 0.6% after sliding 0.6% Continue Reading
U.S. crude and gasoline stockpiles seen falling last week U.S. shale oil output seen to rise 42,000 bpd in August -EIA OPEC+ yet to make progress in resolving impasse, sources Continue Reading
Oil dipped as traders grappled with the demand implications of a Covid-19 resurgence in several regions. Bloomberg) — Oil dipped as traders grappled with the demand implications of a Covid-19 Continue Reading
Oil prices have continued to rally this year as economies recover from impaired pandemic levels, however, calendar spreads have been unable to realize their bullish intent. In fact, calendar spread Continue Reading
When last year BP (-0.50%) vowed to reduce its oil and gas output by 40 percent by 2030 as it shifts to renewable energy, it came as a shock to Continue Reading
Since oil prices exceeded $70 per barrel earlier this year, analysts, economists, and central banks have been fretting about whether higher crude prices could disrupt the momentum in global economic Continue Reading
Highlights Global energy demand fell by about 4.5% in 2020 US coal consumption dropped about 20% Energy transition needs more than renewables Despite coronavirus pandemic-related impacts, which hit the global Continue Reading
The odds of an OPEC+ meeting this week look increasingly unlikely as the group has failed to make progress in resolving the differences between key OPEC members Saudi Arabia and Continue Reading
Stalled talks by top oil producers over releasing more supply could deteriorate into a price war just as COVID-19 vaccines are sending demand for oil surging, the International Energy Agency Continue Reading
OPEC+ is yet to make progress closing divisions between Saudi Arabia and the United Arab Emirates that last week prevented a deal to raise oil output, making another policy meeting Continue Reading
Global oil markets are set to “tighten significantly” unless the OPEC+ alliance resolves its standoff and agrees to increase production, the International Energy Agency warned. Deadlocked by a dispute between Continue Reading
The recent failure of OPEC and its allies to agree on a plan to ease production cuts in August means oil-market investors face the contradictory worries of both undersupply and Continue Reading
About 90 percent of the work on the Iran nuclear deal has been done, but the 10 percent that remains might prove a tough nut to crack. That’s according to Continue Reading
The budget transfer relieves some financial pressure on Erbil, though regular payments going forward are hardly assured. KRG Prime Minister Masrour Barzani (right) receives Iraqi Prime Minister Mustafa al-Kadhimi (left) Continue Reading
Initial output will be 40,000 mt/year, to reach 200,000 mt/yr in 2026 Owners of projects talk to potential investors to hold stakes Project to be located in Khalifa Industrial Zone Continue Reading
The transformation of Saudi Arabia’s flagship asset, Aramco, from perpetual cash-generation machine into a debt-laden giant is set to pick up pace in the coming weeks with a series of Continue Reading
Saudi Aramco has dropped Morgan Stanley (MS.N) as an adviser for the sale of its gas pipelines and picked JPMorgan (JPM.N) and Goldman Sachs (GS.N) for the role, three sources Continue Reading
Wealthy economies must help with financing India’s energy transition, Bloomberg reported this week, citing the country’s Environment Secretary. “Every policy decision has a cost to the economy. Going net-zero or Continue Reading
