Highlights Differences in accounting for natural gas methane intensity Disagreement on SMR, CCUS efficiencies Hydrogen seen as better for industrial, transport than heating The technologies involved in blue hydrogen – Continue Reading
Saudi Arabia’s crude oil exports hit a five-month high in June at nearly 6 million barrels per day (bpd) as the world’s top oil exporter, and the entire OPEC+ group Continue Reading
Lebanese Shiite group Hezbollah, backed by Iran, warned on Thursday the United States and Israel not to try to interfere with a shipment of Iranian fuel oil that is en Continue Reading
Libya’s Oil Minister Mohamed Oun has recommended to the government of national unity that it replace the long-serving chairman of the National Oil Corporation (NOC), Mustafa Sanalla, in a board Continue Reading
Highlights Direct crude burn at nine-month high Refined product exports highest since May 2020 Kingdom unwinding extra output cuts Saudi Arabia’s exports of crude oil in June rose to a Continue Reading
Iran last week revealed a huge new gas deposit located in the Iranian sector of the Caspian Sea. The ‘Chalous’ structure is to be developed with the intention of forming Continue Reading
International oil companies operating in Nigeria owe $4 billion to an agency responsible for fostering development in the Niger Delta, the impoverished wetlands region where much of the industry is Continue Reading
Guyana and Suriname, the new stars on the oil map, are expecting more exploration drilling over the next two years after a string of discoveries revealed the potential of the Continue Reading
The global semiconductor shortage has finally started to bite at Toyota TM -4.09% Motor Corp., highlighting how a resurgence in Covid-19 infections from the Delta variant is now stifling chip manufacturing in Southeast Asia, worsening Continue Reading
International aviation restrictions are still preventing jet fuel from recovering as fast as other oil products, a Rystad Energy analysis reveals. Most of the demand destruction seen in road fuels Continue Reading
A semiconductor supply crunch is forcing world-leading car manufacturers Volkswagen and Toyota to slash vehicle production. Toyota, the world’s largest carmaker, announced it will cut production by 40 percent in Continue Reading
China almost halved its gasoline exports in July from the previous month to 741,000 mt, with Singapore still the top destination at 443,000 mt, detailed data released by the General Continue Reading
A new California building code is a leap forward for reducing the use of natural gas, with rules that set a strong preference for electric heating in new construction. That’s Continue Reading
The number of Americans filing new claims for unemployment benefits fell to a 17-month low last week, pointing to another month of robust job growth, though surging COVID-19 infections pose Continue Reading
The Biden administration on Thursday said it would conduct a formal review of coal sales on federal lands to study their impact on climate change and value to American taxpayers. Continue Reading
Covid-19 patients are dying in U.S. hospitals at levels not seen since February, and the numbers could worsen as intensive-care units overflow in parts of the South. In Alabama, there Continue Reading
The pandemic very likely hit the downstream oil even more severely than exploration and production and led to longer suffering. But now, things are finally beginning to look up for Continue Reading
The ongoing situation for 2021 in the U.S. appears to be Big Oil versus Biden, as once again major U.S. oil industry groups are suing President Biden for halting drilling Continue Reading
Between 69 and 84 percent of observed methane gas flares in Texas were unpermitted, environmental group Earthworks said in a report published on Thursday, which says the Railroad Commission of Continue Reading
Starwood Energy Group Global has entered into an exclusive agreement with Slate Refining to reconfigure Slate’s refinery located in Douglas, Wyoming, into a renewable fuels production facility. Starwood Energy Group Continue Reading
The trillion-dollar spending package that the Senate has passed along to the House is being described as a once-in-a-generation fix for America’s deteriorating infrastructure. It should be viewed as only Continue Reading
The U.S. Bureau of Land Management launched on Thursday a review of the federal coal leasing program and the climate impact of coal production, transportation, and use, in line with Continue Reading
A British public health study has found that protection from either of the two most commonly used COVID-19 vaccines against the now prevalent Delta variant of the coronavirus weakens within Continue Reading
The controversial Nord Stream 2 natural gas pipeline from Russia to Germany may supply 5.6 billion cubic meters of gas to Europe this year, Gazprom said on its Telegram channel Continue Reading
Oil dropped to below $66 a barrel on Thursday, its lowest since May, pressured by concerns about weaker demand as COVID-19 cases rise, a stronger U.S. dollar and a surprise Continue Reading
Oil tumbled again, dropping to the lowest level since May as the U.S. Federal Reserve signaled it was set to start tapering asset purchases within months, hurting commodities and lifting Continue Reading
Oil futures finished a fifth straight session lower Aug. 18 as an unexpected US gasoline build underscored concerns the delta variant spread could limit near-term energy demand growth. NYMEX September Continue Reading
Oil snapped a run of declines as a U.S. industry report pointed to a drop in domestic crude stockpiles. West Texas Intermediate rose 0.5% after a four-day losing run that Continue Reading
The energy transition dream clashes with a reality in which the funding and behavioral changes necessary for deep decarbonization of the global energy system are grossly underestimated. That’s one of Continue Reading
Sustainable investment assets grew to $35.3 trillion globally last year amid mounting concerns about societal inequities and climate change. That’s about $1 of every $3 managed globally seeking out a Continue Reading
Militant group Hezbollah appeared to warn Israel and the U.S. against intercepting an Iranian ship carrying fuel for Lebanon as the country reels from a crippling power crisis. The vessel Continue Reading
Deep discounts for Iran’s LPG attract Chinese buyers Pakistan, Bangladesh also take small amounts from Iran Iran’s LPG exports are set to stay near two-year peaks of around 500,000 mt Continue Reading
The resurgence of COVID in China could not have happened at a worse time for Middle Eastern producers. Saudi Arabia brought back all its 1 mbpd voluntary production cut and Continue Reading
President of the Senate, Ahmad Lawan, yesterday, gave an insight at what the National Assembly did to get the much awaited Petroleum Industry Bill, PIB, passed and eventually signed into Continue Reading
The Chinese region of Inner Mongolia has approved a massive power project that will use solar and wind to produce green hydrogen. Inner Mongolia’s Energy Administration has given the go Continue Reading
Chinese exports of gasoline and diesel plunged in July compared to June, after China slashed the quotas of authorized exports of refined petroleum products, according to data from the General Continue Reading
U.S. crude oil stockpiles dropped last week to their lowest levels since January 2020, the Energy Information Administration said on Wednesday. Inventories have been declining for several months as U.S. Continue Reading
Wente Vineyards typically picks its grapes in the late summer and fall, but it harvests its complaints months earlier. Like most vintners, Wente sprays its grapes with fungicide in the Continue Reading
Summer road trips and a pullback in crude prices have pumped up refineries’ profits, offering brighter prospects for one part of the global oil complex despite rising worries about Covid-19. Continue Reading
LLNL The research takes place at the National Ignition Facility in Livermore, California A US science institute is on the verge of achieving a longstanding goal in nuclear fusion research. Continue Reading
Back in April, we reported that U.S. oil and gas companies were still filing for bankruptcy at record levels right in the midst of an oil price recovery. Smaller producers Continue Reading
Sales of electric vehicles in the United States more than doubled in the first half of 2021 compared to the same period last year, when lockdowns had hit car sales Continue Reading
U.S. scientists are at the threshold of fusion ignition after achieving a large amount of energy in an experiment at the Lawrence Livermore National Laboratory in California, the LLNL said Continue Reading
US gasoline inventories unexpectedly climbed in the week ended Aug. 13, US Energy Information Administration data showed Aug. 18, amid a continued slowdown in demand. Not registered? Receive daily email Continue Reading
Changes at existing facilities California faces projected shortfall of 3.5 GW in 2021 The California Energy Commission has approved two orders to comply with Governor Gavin Newsom’s emergency proclamation to Continue Reading
Oil producers such as Exxon Mobil (XOM.N) and Royal Dutch Shell (RDSa.L) are burning off gas in the largest oil field in the United States without required Texas state permits, Continue Reading
A U.S. offshore regulator on Wednesday said efforts to resume a federal oil and gas leasing program are underway and would soon bear results following a court decision ending a Continue Reading
A federal judge on Wednesday reversed the U.S. government’s approval of ConocoPhillips’ (COP.N) planned $6 billion Willow oil development in Alaska, citing problems with its environmental analysis, according to court Continue Reading
Scientists have come tantalizingly close to reproducing the power of the sun — albeit only in a speck of hydrogen for a fraction of a second. Researchers at Lawrence Livermore Continue Reading
A federal judge on Wednesday threw out the permits for a controversial oil project planned for Alaska’s North Slope, faulting the way the federal government had assessed its environmental impact, including how Continue Reading
