The region at the heart of the once-booming U.S. shale industry is signaling confidence in a nascent recovery after the pandemic crushed demand and curtailed oil and gas drilling. (Bloomberg) Continue Reading
Refiner Phillips 66 is betting on EV batteries for the future because it thinks we have already reached peak oil demand. The company has announced a strategic investment in an Australian lithium-ion Continue Reading
Shale drillers — some of them just emerging from bankruptcy — racked up a staggering $42 billion in new debt in the first half of the year. It’s not what Continue Reading
Exxon Mobil Corp (XOM.N) has begun marketing U.S. shale gas properties as it ramps up a long-stalled program that aims to raise billions of dollars to shed unwanted assets and Continue Reading
Forecast Highlights Global liquid fuels The August Short-Term Energy Outlook (STEO) remains subject to heightened levels of uncertainty related to the ongoing recovery from the COVID-19 pandemic. U.S. economic activity Continue Reading
For Russia, there are two types of fires raging across Siberia: the kind the authorities are fighting and the others they are allowing to burn. That’s because Siberia is so Continue Reading
After launching the development of its 600 kW hydrogen fuel cell powertrain for use in 19-seat aircraft late last year (earlier post), ZeroAvia has achieved its first major milestone for the Continue Reading
Oil prices rose more than $1 on Tuesday, recouping some of the losses in the previous session, as rise of demand in Europe and the United States outweighed concerns over Continue Reading
Oil falls to three week low as Delta variant of Covid-19 continues to mount pressure on demand outlook. Oil slid to a three-week low with new waves of Covid-19 exacerbating Continue Reading
Oil prices crashed by 4% early on Monday to the lowest level since May, after the world’s top crude importer, China, imposed more travel restrictions to fight what it sees Continue Reading
The era of cheap natural gas might be gone for good. U.S. natural gas futures climbed to a 31-month high of 4.16/MMBtu on Thursday thanks to forecasts for hotter weather Continue Reading
Electric vehicle adoption is accelerating thanks to improvements in battery density and cost, more charging points, and government policies that make driving dirty cars more difficult. Still, if any country Continue Reading
The United Nations panel on climate change told the world on Monday that global warming was dangerously close to being out of control – and that humans were “unequivocally” to Continue Reading
The U.N. climate panel has released its most comprehensive assessment of climate change yet. read more Here are some of the report’s main conclusions: HUMANS ARE TO BLAME – FULL Continue Reading
Stemming the methane leaks from landfills, oil fields, natural gas pipelines and more is one of the most powerful levers we have to quickly slow global warming. T The threat Continue Reading
Living in a world that is 1.5C warmer in two decades than it was 200 years ago means a heatwave that would previously have occurred once in 50 years is Continue Reading
Saudi Aramco is scouting for other potential deals to offer to investors and unlock capital, Chief Executive Amin Nasser said on Monday after the oil giant in June closed a Continue Reading
Reuters Saudi Arabian energy giant Aramco has seen its profits jump almost four times boosted by a rise in oil prices as demand recovers. The company added that the easing Continue Reading
French President Emmanuel Macron has urged Iran to resume talks on reviving the 2015 nuclear deal with world powers but Iran’s new hard-line president, Ebrahim Raisi, says that Iran’s “rights” Continue Reading
Saudi Aramco plans to have 550,000 barrels per day (bpd) more in oil production capacity by 2025 when the expansion projects on two major oilfields are complete, Saudi Arabia’s state-owned Continue Reading
The federal government of Iraq and the semi-autonomous region of Kurdistan pledged on Sunday to cooperate in resolving their differences in energy issues, hoping to turn “a new page” on Continue Reading
Oil production at Libya’s Gallo field will drop by as much as 70,000 b/d after an oil pipeline leak that occurred late Aug. 9, the state-owned National Oil Corp. said Continue Reading
Ambri Inc., a Bill Gates-backed venture that makes batteries for power grids, said it secured $144 million to build production plants in funding led by billionaire Mukesh Ambani’s Reliance Industries Continue Reading
Security forces from Rwanda and Mozambique have taken the Mozambican port city of Mocímboa da Praia from insurgents, whose attacks in the area forced France’s giant TotalEnergies to suspend a Continue Reading
China’s crude imports fell 19.6% year on year to 9.75 million b/d in July, General Administration of Customs preliminary data released Aug. 7 showed. Receive daily email alerts, subscriber notes Continue Reading
China’s biggest oil refiner is scaling back operations as Beijing’s aggressive response to the delta virus variant saps demand for road and aviation fuel, according to an analyst. State-owned China Continue Reading
China’s newest oil refiners are thriving by aligning themselves with President Xi Jinping’s vision, expanding even as their older rivals and several other private businesses have been reined in by Continue Reading
China’s worst coronavirus outbreak since the virus first emerged in Wuhan is adding to concerns about the quality of its domestically developed vaccines amid a dearth of data on the Continue Reading
Southeast Asian countries that had widely rolled out Chinese-made coronavirus vaccines are turning away from the shots in favor of Western alternatives as they scramble to contain deadly outbreaks caused by Continue Reading
U.S. job openings jumped to a fresh record high in June and hiring also increased, an indication that the supply constraints that have held back the labor market remain elevated Continue Reading
The Texas power grid operator on Monday forecast demand this week would reach its highest in 2021 as homes and businesses crank up air conditioners to escape another heatwave. The Continue Reading
The spread of the highly contagious delta variant of Covid is threatening to put an early end to the U.S. summer driving season and spark a more precipitous downturn than Continue Reading
Nuclear energy had been falling further and further out of favor amid falling costs for renewable energy installations. But suggestions of its death have been highly exaggerated. The $1-trillion bipartisan Continue Reading
Electric cooperatives are still relying on coal for about a third of their output, the Wall Street Journal has reported, citing the latest data, for 2019. Co-ops, which serve some Continue Reading
The North Dakota area of the Bakken LTO basin has accessible data from the ND Department of Natural Resources, Oil and Gas Division. Production here seems to be past peak Continue Reading
The summer began with the promise that vaccinated Americans could largely go maskless, and travel swelled over the Fourth of July weekend to prepandemic levels. But the celebrations has turned out Continue Reading
It’s been a summer marred by record-shattering, deadly heat in the Pacific Northwest and yet another significant heat wave is on the way. Triple-digit temperatures will roast cities like Portland, Continue Reading
Xos, Inc., a manufacturer of fully electric Class 5 to Class 8 commercial vehicles has signed agreements with FedEx Ground operators to deliver 120 zero emission electric trucks across 35 different FedEx Continue Reading
Energy prices for millions of Britons are expected to rocket from October after the energy regulator said it would increase its cap on the most widely used tariffs by about Continue Reading
Oil prices extended gains on Friday, but remained on track for their biggest weekly decline since March as travel restrictions to curb the spread of the COVID-19 Delta variant are Continue Reading
Oil fell, capping the biggest weekly loss since October, as the spread of the delta coronavirus variant in China and elsewhere in the world is casting doubts on-demand growth. West Continue Reading
Oil headed for the biggest weekly loss since March as the spread of the delta coronavirus variant cast doubt on the continued recovery in demand, particularly in the world’s biggest Continue Reading
Global gas prices are expected to break records this winter as a hot northern hemisphere summer leaves inventories low in key markets, just as green energy drives ramp up in Continue Reading
Natural gas could become a pillar of emissions reduction both in the near and long term, IHS Markit said in a new study this week. While many analysts and net-zero Continue Reading
Highlights Faster resolution to Article 6 seen crucial for climate change Reaching existing targets should be prioritized: experts Developing nations seek clarity on funding Experts are seeking a resolution to Continue Reading
Saudi Aramco will have to raise its already massive annual dividend of $75 billion if it wants to remain competitive with other oil giants and raise its dividend yield to Continue Reading
Israel is prepared to attack Iran, Israeli Defense Minister Benny Gantz was quoted as saying on Thursday, a week after an Israeli-linked oil tanker was attacked in the Gulf of Oman by Continue Reading
Iran on Saturday rejected as psychological warfare accusations that it was behind a deadly attack on a tanker off Oman’s coast, and said Tehran sought to enhance the security of Continue Reading
Sub-Saharan Africa, especially its largest oil producers Nigeria and Angola, will struggle to raise oil output through the middle of this decade, as international majors are shifting their investment priorities, Continue Reading
China is requiring its top power companies and local authorities to update the government monthly on the progress they are making with building and installing renewable energy capacity as Beijing Continue Reading
