From California to Massachusetts, some U.S. cities are enacting—or trying to enact—bylaws banning natural gas hookups in new homes, citing concerns over climate change and efforts to decarbonize energy supply. Continue Reading
After years of waiting, Infrastructure Week finally happened. Last Wednesday, U.S. senators reached a bipartisan agreement on a $550 billion infrastructure bill, working through the weekend to finalize the text. On Continue Reading
After years of waiting, Infrastructure Week finally happened. Last Wednesday, U.S. senators reached a bipartisan agreement on a $550 billion infrastructure bill , working through the weekend to finalize the Continue Reading
Much was made about the impact of Biden’s infrastructure bill on the U.S. oil and gas industry, but details suggest there is nothing to worry about. Chart of the Week Continue Reading
US tight oil operators have for several months been depleting their inventory of drilled but uncompleted wells (DUCs) and, amid a slower drilling response, the number of ‘live’ DUCs in Continue Reading
Mergers and acquisitions are how an industry normally handles tough times. Asset prices drop, some companies can no longer survive on their own and become targets for those with the Continue Reading
U.S. oil and gas lobbying groups have doubled down on efforts to negotiate laxer climate reporting rules with an administration bent on tightening these rules considerably, the Financial Times reports Continue Reading
Highlights Russia was No. 2 supplier of crude, products in May Trend continues despite rising Canadian flows to USGC Biden unlikely to target flows during high gasoline prices The US Continue Reading
U.S. May production surprised to the upside by 80 kb/d. Production increased from 11,151 kb/d in April to 11,231 kb/d in May. It was also 175 kb/d higher than January’s. Continue Reading
The global computer-chip shortage continues to trip up the world’s largest car makers with some executives predicting it could weigh on operations well into the second half of this year. Stellantis STLA 5.24% NV, the Continue Reading
A shortage of tanker truck drivers has caused fuel delivery disruptions at airports from Nantucket to California. The Federal Aviation Administration issued a “Notice to Airmen” warning that some airports Continue Reading
Transco Z6 New York hits upper $7s/MMBtu for January, February Algonquin CG peak season pricing at $13 to $14/MMBtu Northeast storage trails 5-year average by 54 Bcf, or 7% Natural Continue Reading
The California Fuel Cell Partnership (CaFCP) released a new foundational document for heavy-duty class 8 fuel cell electric trucks (FCETs), “ Fuel Cell Electric Trucks: A Vision for Freight Movement Continue Reading
German primary energy consumption gained 4.3% year-on-year in the first six months of 2021 after the start of economic recovery from the pandemic and cooler weather drove demand, industry statistics Continue Reading
European nations have been among the most successful in the world at getting their residents vaccinated against the novel coronavirus. Now, some will be among the first to dole out Continue Reading
A team at the University of Münster has reviewed 53 studies that provide time- or technology-specific cost estimates for lithium-ion, solid-state, lithium–sulfur and lithium–air batteries among more than 2,000 publications Continue Reading
The race toward zero-emission logistics chains is expanding from the road to the skies. DHL Express, the air cargo subsidiary of Deutsche Post AG, has ordered 12 all-electric aircraft to complement Continue Reading
Spain-based global energy company Repsol and Talgo, a manufacturer of intercity, standard, and high speed passenger trains, will promote a renewable-hydrogen-powered train, fostering emission-free rail transport in the Iberian Peninsula. Repsol is Continue Reading
Crude oil futures ticked slightly higher during mid-morning trade in Asia Aug. 3 as investors sought to take advantage of lower prices following an overnight plunge, with a weaker US Continue Reading
Delta Cases Rise in Mainland China Oil reversed earlier losses as sentiment improved in broader markets even though the spread of the delta coronavirus variant, including in the key market Continue Reading
Few things seem as stable and predictable as the moon. It goes from new to full and back again every month. It moves the tides. The same side always faces Continue Reading
Just 5 percent of the world’s power plants account for nearly three-quarters of global carbon emissions from electricity generation, a recent study showed . And all those power plants are Continue Reading
The U.S., Israel and the U.K. all vowed to respond to a deadly drone attack on an Israeli-linked tanker last week in a major waterway for global oil shipments that Continue Reading
Iran’s hardline incoming president Ebrahim Raisi said on Tuesday he will take steps to lift “tyrannical” sanctions imposed by the United States, after winning the formal endorsement of the country’s Continue Reading
With OPEC-plus pressure easing, Iraq increased exports slightly in July while higher oil prices drove monthly revenues to a 19-month high. A worker adjusts the valve of an oil pipe Continue Reading
Saudi Aramco and other Gulf oil producers are following in the footsteps of Abu Dhabi with plans to raise tens of billions of dollars through sales of stakes in energy Continue Reading
Highlights Says against shifting goalposts, but calls for G20 action Points to per capita emissions, asks for ‘carbon space’ Calls for delivery of pledged $100 billion climate fund India is Continue Reading
Pakistan’s FY 2021 oil product demand jumps 19% Beijing aims to limit middle distillate exports to cut emissions Fujairah oil product flows to Pakistan sharply higher in recent weeks Pakistan Continue Reading
Despite a near economic collapse, shattered petroleum industry infrastructure and empty government coffers, Venezuela’s oil minister Tareck El Aissami continues to talk-up the prospects of the OPEC members crude oil Continue Reading
Incidents of piracy in the Mexican waters in the Gulf of Mexico have led to calls to Mexico’s Navy to increase its presence in the area where pirate attacks on Continue Reading
Domestic flights canceled, lockdowns renewed to curb spread Nation’s top energy producer sees fuel consumption falling 5% Delta Cases Rise in Mainland China China is renewing restrictions and canceling flights Continue Reading
Chinese authorities announced Tuesday mass coronavirus testing in Wuhan as an unusually wide series of COVID-19 outbreaks reached the city where the disease was first detected in late 2019. Wuhan, Continue Reading
Faced with a rapidly spreading coronavirus outbreak, China is implementing a wave of travel restrictions and quarantine orders, the scale of which has not been seen since the country’s initial explosion Continue Reading
China has launched full-capacity production at its first independently developed deepwater oil project, which is located in the eastern section of the South China Sea, China National Offshore Oil Corporation Continue Reading
The U.S. on Monday finally reached President Joe Biden’s goal of getting at least one COVID-19 shot into 70% of American adults — a month late and amid a fierce Continue Reading
The $1 trillion bipartisan infrastructure package unveiled by the Senate includes more than $150 billion to boost clean energy and promote “climate resilience” by making schools, ports, and other structures Continue Reading
The lack of growth in shale production, currently inching higher but primarily from DUC- Drilled but Uncompleted wells, has been largely attributed to capital discipline. Shale companies have spoken almost Continue Reading
Last month BP released its Statistical Review of World Energy 2021 . The Review provides a comprehensive picture of supply and demand for major energy sources on a country-level basis. Continue Reading
New Mexico broke an oil production record in May, pumping an average 1.22 million barrels daily as the Permian Basin returned to output growth again. Bloomberg reports , citing government Continue Reading
Hurdles to pipeline constructing rising Could add 33 Bcf/d of gas capacity over 2020-25 LNG is the fossil fuel poised to have the biggest earnings advantage as the North American Continue Reading
New Mexico’s oil production surged to a record in May highlighting the Permian Basin’s role as the shale industry sees some recovery from the pandemic. (Bloomberg) — New Mexico’s oil Continue Reading
Financial firms including British insurer Prudential, lenders Citi and HSBC and BlackRock Real Assets are devising plans to speed the closure of Asia’s coal-fired power plants in order to lower Continue Reading
The chairman of the U.S. Senate Foreign Relations Committee issued a statement on Monday, along with counterparts from several European parliaments, opposing the recent agreement between Washington and Germany to Continue Reading
BP Plc followed its Big Oil peers by increasing dividends and share buybacks as higher crude prices boosted profit. The oil majors — with the notable exception of Exxon Mobil Continue Reading
Scientists have long been worried about what many call “the methane bomb” — the potentially catastrophic release of methan e from thawing wetlands in Siberia’s permafrost.But now a study by Continue Reading
Russia saw its oil production rise for the first time in three months in July as OPEC+ continued to ease the production cuts and planned maintenance at some Russian oilfields Continue Reading
Highlights Shipments to liquid markets down by a third on month, year UK imports just one cargo in July, Russia using Artic route Reload patterns illustrate rocketing global demand A Continue Reading
China July factory activity grows at slowest pace since Feb 2020 OPEC July oil output hits 15-month high -survey U.S. will not lock down despite coronavirus surge, Fauci says LONDON, Continue Reading
Crude oil futures fell in mid-morning trade in Asia Aug. 2 amid concerns over the resurgent spread of COVID-19, after the weekend brought a slew of reports of rising cases Continue Reading
Highlights Vessel Mercer Street targeted by armed drone on July 29 Attack killed two crew members amid heightened risk in Gulf Israel, US are considering ‘appropriate next steps’ Tehran — Continue Reading
