U.S. Gulf Coast energy companies on Friday advanced the recovery from Hurricane Ida on a few fronts, but slipped elsewhere as lack of crews, power and fuel reversed earlier production Continue Reading
Most ports along the U.S. Gulf Coast had reopened on Thursday following lengthy closures from Hurricane Ida, which lashed southern Louisiana with 150-mile-per-hour winds that caused extensive infrastructure damage and Continue Reading
A refinery in the key oil hub of Texas has suspended some of its operations due to a lack of oxygen supply amid the coronavirus pandemic, with authorities citing increased Continue Reading
The global shortage of computer chips is getting worse, forcing automakers to temporarily close factories including those that build popular pickup trucks. General Motors announced Thursday, Sept, 2, 2021 that Continue Reading
The rapid melting of sea ice in some parts of the Arctic could unleash phenomena that result in extraordinary North American cold spells, scientists have found — including the one Continue Reading
Enbridge Inc. is getting ready to ship crude from the oil sands in the first new cross-border oil-sands conduit built between Canada and the U.S. in years. (Bloomberg) — Enbridge Continue Reading
Vistra’s lithium-ion battery system is co-located on the site of its existing Moss Landing Power Plant in Monterey County. Photo Courtesy of Vistra Corp. The largest battery storage facility in Continue Reading
The Arctic has been the source of geopolitical conflict and territorial disputes for centuries . From walrus ivory and seal skins starting in the middle ages to coal, oil, and Continue Reading
Russia’s oil production this year is expected to be 1 percent lower compared to 2020, in view of the OPEC+ agreement, Energy Minister Nikolai Shulginov said on Thursday. Russian oil Continue Reading
Russia will not run out of oil and gas anytime soon—its offshore Arctic resources alone could last for decades and even centuries, according to Russian Deputy Prime Minister Alexander Novak. Continue Reading
All necessary capacity available on Russian side 55 Bcm/year pipeline now close to completion Nord Stream 2 AG waiting on German certification Gazprom CEO Alexei Miller said Sept. 2 that Continue Reading
Global benchmark Brent oil was little changed, near $72 a barrel, after OPEC+ stuck with a plan to boost crude production, wagering that the market can absorb the additional supply. Continue Reading
Oil prices fell on Thursday after OPEC+ agreed to keep its policy of gradually returning supply to the market at a time when coronavirus cases around the world are surging Continue Reading
Highlights Producer alliance counting on tight market to absorb increase Delegates say no discussions of November output levels Next OPEC+ meeting scheduled for Oct. 4 Seeing hearty global oil demand Continue Reading
The September meeting of OPEC+ today wasn’t expected to erupt in vehement disagreements. Unlike the last meeting, when a rift between Saudi Arabia and the UAE caused worry that the Continue Reading
Satellites detected a large release of super-warming methane gas over southern Iraq last month. The methane cloud, spotted by geoanalytics firm Kayrros SAS using European Space Agency satellite data, was Continue Reading
Italian energy group Eni (ENI.MI) said on Wednesday it had made a giant oil discovery in offshore Ivory Coast which could hold as much as 2 billion barrels of oil. Continue Reading
India’s gasoline demand is set to hit a record this fiscal year, with consumption accelerating as more people hit the road for business and leisure travel after easing of COVID-19 Continue Reading
Crude output in Venezuela’s key Orinoco oil belt plunged by a quarter to less than 300,000 barrels per day (bpd) in August due to a shortage of diluents needed to Continue Reading
Mexican oil is taking hit after hit this year. First, a deadly fire led to disruptions in production and then output was once again hindered by the anticipation of hurricane Continue Reading
The Texas oil refinery that Petroleos Mexicanos is buying has racked up a rare net loss of about $360 million this year, adding to the challenges Mexico faces in seeking Continue Reading
Australia’s conservative government introduced legislation on Thursday that could help clear the way for offshore wind farms to go ahead in a country considered to have massive offshore renewable energy Continue Reading
China’s attempt to curb carbon emissions and conserve electricity while being able to ensure economic growth is wreaking havoc across commodities markets. China’s efforts to thread the needle between an Continue Reading
Reviving Louisiana refineries shut by Hurricane Ida could take weeks and cost operators tens of millions of dollars in lost revenue as water and electrical power are slowly restored, analysts Continue Reading
U.S. crude stocks dropped sharply while petroleum products supplied by refiners hit an all-time record despite the rise in coronavirus cases nationwide, the Energy Information Administration said on Wednesday. Crude Continue Reading
Electric vehicle industry experts and scientists at the National Renewable Energy Laboratory (NREL) are testing and evaluating the compatibility of inlet and connectors for a new high-power charging standard for Continue Reading
Port Fourchon, America’s biggest base supporting the U.S. Gulf of Mexico offshore oil industry, appears to have largely withstood a powerful punch left by Hurricane Ida after the Category 4 Continue Reading
U.S. oil and gas companies strained to get offshore operations back up and running on Thursday as the extent of Hurricane Ida’s damages became more apparent. Ida’s 150-mile-per-hour (240 kph) Continue Reading
If you so much as glanced at the IPCC’s terrifying new report on climate change, you know its message: To have a chance of avoiding environmental collapse, we need to Continue Reading
Democrats want to drive carbon emissions out of the US power grid. But groups representing thousands of smaller electric utilities are wary of being conscripted in the campaign. The Democratic-led Continue Reading
U.S. oil production has ticked up in recent weeks as shale producers drill more wells after going through a massive backlog of drilled but uncompleted wells (DUC). After DUC inventory Continue Reading
As oil prices rise and demand recovers, the U.S. oil industry is raising drilling and completion activity and has started to re-hire workers it had dismissed at the peak of Continue Reading
Three giants dominate the global economic system: the EU, United States, and China. Of these three, the Americans are relatively far behind when it comes to centralized clean energy investments. Continue Reading
Highlights Permian production down 300 MMcf/d from 30-day average 83% of USGC gas production still offline as of Sept. 1: BSEE Cash prices for next-day flows of gas in the Continue Reading
Oil was little changed ahead of an OPEC+ meeting that should see further output added to a market that the group sees as needing extra supply. West Texas Intermediate was Continue Reading
Oil prices rose on Wednesday before an OPEC+ meeting in which the producer club is expected to stick to a plan to add 400,000 barrels per day (bpd) each month Continue Reading
The world has missed an opportunity to speed up the transition from fossil fuel to renewables as economic recovery packages aimed at mitigating the impact of COVID-19 have entrenched the Continue Reading
Oil prices slipped on Tuesday amid concerns that power outages and flooding in Louisiana after Hurricane Ida will cut crude demand from refineries at the same time global producers plan Continue Reading
Oil headed for the biggest monthly loss since October as investors weighed the prospect of additional OPEC+ production and the restoration of crude output in the U.S. after Hurricane Ida. Continue Reading
As the global economy emerges from the pandemic and commodity prices continue on a recovery path, it’s becoming increasingly evident that the oil and gas industry is standing on the Continue Reading
After 99 years, the world officially eliminated the use of leaded gasoline as gas stations in Algeria stopped offering leaded fuel, the UN Environment Programme (UNEP) said this week, calling Continue Reading
For anyone still in doubt about climate change, the recent floods and unusual heat waves around the globe will be difficult to ignore. Floods in China have killed dozens of Continue Reading
OPEC+ expects the oil market to be in deficit at least until the end of 2021 and stocks to stay relatively low until May 2022, OPEC+ sources said on Tuesday, Continue Reading
Despite the COVID resurgence, the oil market will become increasingly tight this year, OPEC+ estimates show , but as the group continues to ease the production cuts into next year, Continue Reading
The tension among Libya’s top oil officials escalated on Sunday when Oun said he had suspended the chairman of NOC, which is the most important revenue asset for OPEC’s African Continue Reading
OPEC has been pumping in August the highest volume of crude oil since April 2020, after the OPEC+ alliance agreed to ease the production cuts by 400,000 barrels per day Continue Reading
OPEC and its allies will likely stick to their existing policy of gradual oil output increases despite revising up the 2022 demand outlook and facing U.S. pressure to raise production Continue Reading
Irrespective of how quickly a new iteration of the Joint Comprehensive Plan of Action (JCPOA) – ‘nuclear deal’ – is signed between Iran and the U.S., plus the remainder of Continue Reading
Brazil’s Mines and Energy Minister Bento Albuquerque on Tuesday warned that the country’s energy crisis was worse than previously thought, as a record drought hampers hydropower generation. In a televised Continue Reading
With Asia expected to contribute around 90 percent of the world’s growing oil demand over the next five years, we are seeing more and more regional partnerships being established. India Continue Reading
