Britain warned its food producers to prepare for a 500% rise in carbon dioxide prices on Wednesday after extending emergency state support to avert a shortage of poultry and meat Continue Reading
Energy ministers from European Union countries will on Wednesday discuss the soaring price of gas and electricity across Europe, as some governments draw up measures to protect their consumers. Benchmark Continue Reading
Airbus announced plans for a new CityAirbus at the company’s first Airbus Summit on “Pioneering Sustainable Aerospace” as the emerging Urban Air Mobility (UAM) market begins to firm up. CityAirbuNextGen Continue Reading
Oil rose after a two-day decline with a selloff in global equities easing and some crude output still shut three weeks after Hurricane Ida hit the U.S. Futures in London Continue Reading
Oil prices rose on Tuesday as analysts pointed to signs of U.S. supply tightness, ending days of losses as global markets remain haunted by the potential impact on China’s economy Continue Reading
IEA’s Birol Sees High Gas Prices for `Weeks to Come’ Oil declined amid growing concerns over the health of China’s economy that have triggered massive losses in equities. U.S. crude Continue Reading
Introduction There is a buzz in the gas market, the likes of which has not been seen for a number of years. In the space of a year, we have Continue Reading
Soaring gas prices that threaten to push up winter fuel bills, hurt consumption and exacerbate a near-term spike in inflation are another blow to a world economy just getting back Continue Reading
Goldman Sachs said that with the surge in global gas prices, a colder winter in Europe and Asia could in turn boost demand for oil, driving a $5 per barrel Continue Reading
Even after 2050, global oil demand is set to continue to rise because renewables cannot entirely replace fossil fuels, energy markets expert Anas Alhajji said during a recent energy conference Continue Reading
A global drive towards electrification of road transport to reduce carbon emissions may cut demand for the world’s oil refining capacity by half in 2050, consultancy Rystad Energy says. “Going Continue Reading
Bloomberg Green: Europe’s Path to Net Zero Officials gathered at the United Nations voiced both urgency and some optimism on the chances for meeting a $100 billion target in annual Continue Reading
Some big oil companies say they want to play a key role in reducing carbon emissions, but they are set to be sidelined at the coming United Nations climate conference. Retailers, Continue Reading
Lebanon’s critical fuel shortages are showing no signs of ending despite the arrival of Iranian oil smuggled into the country through neighboring Syria. Hezbollah has been arranging the informal oil Continue Reading
Libya’s Prime Minister has revoked a decision by the oil ministry to remove the chairman of the National Oil Corporation, Mustafa Sanalla, from his post. The Libyan oil ministry suspended Continue Reading
Iraq’s crude oil production surged in August to 4.23 million barrels per day (bpd), according to an Iraq Oil Report analysis based on independently gathered field-by-field data, the country’s highest Continue Reading
Iraq under US pressure to wean itself of Iranian energy imports Iranian oil minister Javad Owji, amid intermittent exports of gas and power to Iraq, has appointed a special energy Continue Reading
The United Arab Emirates energy minister said on Tuesday low gas prices were not sustainable and a recent hike reflected market fundamentals and a lack of investment in the sector. Continue Reading
OPEC+ compliance with oil production cuts rose to 116% in August from 109% in July, two sources from the producer group told Reuters. Subscribe for our daily curated newsletter to Continue Reading
Libya’s state-run oil firm has opened an office in London, with the aim of boosting the OPEC nation’s production capacity. Murzuq Oil Services Ltd. will act as the oversees arm Continue Reading
Kuwait’s plans announced last week to invest at least US$6.1 billion in exploration over the next five years in order to increase production to a minimum of 4 million barrels Continue Reading
Abuja — For the first time since 2020, Nigeria’s rig count, which had been on the decline, soared to 11 in August, signalling readiness by the Nigerian National Petroleum Corporation Continue Reading
India’s crude oil imports rose to a four-month high in August, recovering from the near one-year low in July, with refiners buying incremental barrels mainly from Latin America and the Continue Reading
Two events in the Gulf of Mexico have dented the latest 2021 supply forecast by the Organization of the Petroleum Exporting Countries (OPEC). In the cartel’s latest Monthly Oil Market Continue Reading
Since the controversial 1899 decision which set the border between Venezuela and Guyana, Caracas has repeatedly contested the ruling, claiming the 61,000 square miles west of the Essequibo river belongs Continue Reading
Royal Dutch Shell (RDSa.L) , the largest U.S. Gulf of Mexico oil producer, said damage to offshore transfer facilities from Hurricane Ida will cut production into early next year, slashing Continue Reading
COVID-19 has now killed about as many Americans as the 1918-19 Spanish flu pandemic did — approximately 675,000. The U.S. population a century ago was just one-third of what it Continue Reading
There isn’t much that Senate Minority Leader Mitch McConnell and the Sierra Club agree on, but one of those rare things is a measure that’s part of the bipartisan infrastructure Continue Reading
Royal Dutch Shell RDS.A -2.16% PLC has agreed to sell all of its assets in the Permian basin, the most active U.S. oil field, to ConocoPhillips COP -3.14% for around $9.5 billion in cash. The deal, disclosed Continue Reading
We will eventually stop burning fossil fuels. The question isn’t if oil and gas fades from the picture, but whether it can happen quickly enough to stave off environmental catastrophe. Continue Reading
The Biden administration is opening an effort across federal agencies to address the health impacts from heat, including the first ever labor standard aimed at protecting workers from extreme heat, Continue Reading
That the Biden administration and the Democratic-majority Congress have set their sights on the oil and gas industry as the ultimate culprit behind a changing climate was clear even before Continue Reading
While General Motors is in the midst of EV hell, dealing with a massive recall for its Chevy Bolt and shuttering production as a result of the ongoing semi shortage, Continue Reading
Rigzone looks at the Bureau of Safety and Environmental Enforcement’s latest production status data for the Gulf of Mexico. Yes, according to the Bureau of Safety and Environmental Enforcement’s (BSEE) Continue Reading
Royal Dutch Shell (RDSa.L) said on Monday it would sell its Permian Basin assets to ConocoPhillips (COP.N) for $9.5 billion in cash, an exit from the largest U.S. oilfield for Continue Reading
Before the pandemic, it was unusual for more than one ship to wait for a berth. Big vessels are continuing to join the bottleneck, experts say, because shipping lines and Continue Reading
Royal Dutch Shell has agreed to sell its business in the Permian Basin, the biggest oilfield in the US, to rival ConocoPhillips for $9-5bn in cash. The Anglo-Dutch oil supermajor Continue Reading
Seizing on higher US natural gas prices expected this winter, a group of industrial manufacturers is making a pitch for the Department of Energy to limit LNG exports and put Continue Reading
Deep in the Oman desert lies one of BP’s more lucrative projects, a mass of steel pipes and cooling towers that showcases the British energy giant’s pioneering natural gas extraction Continue Reading
Norway agreed on Monday to increase natural gas exports to the rest of Europe as record high wholesale natural gas prices prompted suppliers in Britain to seek state support and Continue Reading
UK mulls support for energy companies as gas prices rises Customers from failed companies a major issue Business minister tells companies: prioritise customers Business minister held emergency talks with suppliers Continue Reading
The index of producer prices for industrial products in Germany rose 12.0% in August compared with the prior year, the German statistics office Destatis said Monday. This was the highest Continue Reading
Kwasi Kwarteng: Talk of the lights going out is “alarmist, unhelpful and completely misguided” There is “no question of the lights going out” this winter as a result of huge Continue Reading
Surging gas and electricity costs are forcing European governments to discuss billions of euros in aid for households and stricken suppliers, as concern mounts over a deepening winter energy crisis. Continue Reading
The long-awaited Nord Stream 2 (NS2) pipeline is arguably the world’s most contentious energy project. While its completion was uncertain for a long time, favorable political, economic, and environmental developments Continue Reading
Nord Stream 2, the controversial pipeline, may yet flop, according to the co-leader of the European Greens, Reinhard Butikofer. In an interview with German dpa, the co-chair of the Green Continue Reading
As the cat-and-mouse game continues over Russian gas to Europe, Russian Gazprom has refused to allow more gas into Europe via Ukraine for October, sending prices soaring another 10 percent Continue Reading
BP is still losing money from its renewable energy ventures, while it is selling stakes in oil and gas developments. The UK-based supermajor’s current pace of moving into clean energy Continue Reading
Britain is considering offering state loans to energy companies that take on customers from firms which go bust due to soaring wholesale natural gas prices, Business Secretary Kwasi Kwarteng said Continue Reading
Peter McGirr wanted to modernize the British consumer energy market when he founded Green three years ago, building a customer base of more than 250,000 households. Now, with the sector Continue Reading
