Royal Dutch Shell announced its ambition to produce around 2 million tonnes of sustainable aviation fuel (SAF) a year by 2025. It also aims to have at least 10% of Continue Reading
Oil dropped as risky assets began the week on the back foot and the dollar gained ahead of a Federal Reserve meeting that’s expected to see stimulus scaled back. Futures Continue Reading
IEA’s Birol Sees High Gas Prices for `Weeks to Come’ Oil dropped as risky assets began the week on the back foot and the dollar gained ahead of a Federal Continue Reading
A cross-section of Wall Street experts has been downplaying the recent surge in oil prices, saying that it’s unlikely to hurt the global recovery. One indicator that lends credence to Continue Reading
This is the final article in a series that examines Environmental, Social, and Corporate Governance (ESG) programs in the oil industry, with an emphasis on how some companies are using Continue Reading
Iraq’s state-owned South Gas Co. and Baker Hughes plan to develop a 200 MMcf/d gas recovery project in the south following a three-year delay, the oil minister said Sept. 19, Continue Reading
Saudi Arabia, the world’s biggest oil exporter, kept its ranking as China’s top crude supplier for a ninth straight month in August as major producers relaxed production cuts. Saudi oil Continue Reading
A vaccination center, a hospital, a pharmacy, and finally a morgue. The first public visits by Iran’s new hardline president Ebrahim Raisi have made clear his top priority — accelerating Continue Reading
The long-serving head of Libya’s state-run oil company will remain in his post, Prime Minister Abdul Hamid Dbeibah said in a decree, looking to end a feud between two key Continue Reading
Nigeria’s President Muhammadu Buhari has ordered that the process to incorporate the state oil firm as a private company should begin immediately. This is in line with the recent oil Continue Reading
OPEC’s secretary general, Mohammad Sanusi Barkindo, visited the Bolivarian Republic of Venezuela at the invitation of its government to celebrate OPEC’s 61st anniversary. OPEC has announced that its secretary general, Continue Reading
Highlights Importers say price level is ‘extreme’ for this time of year Buyers shying away from spot LNG procurement Utilities switching to coal, fuel oil amid gas price surge Asian Continue Reading
Air New Zealand and Airbus have signed a Memorandum of Understanding (MoU) to cooperate on a joint research project to better understand the opportunities and challenges of flying zero-emission hydrogen Continue Reading
A manufacturers trade group on Friday urged the Department of Energy to order U.S. liquefied natural gas (LNG) producers to reduce exports, warning of price increases and supply shortages this Continue Reading
We’re tracking the latest on the coronavirus outbreak and the global response. Sign up here for our daily newsletter on what you need to know. Canada’s oil heartland of Alberta Continue Reading
Bill Gates raised more than $1 billion in corporate funding for Breakthrough Energy Catalyst, drawing on BlackRock Inc.’s Larry Fink and Microsoft Corp.’s Satya Nadella to rally support for some Continue Reading
Add one of the most respected figures in the oil and gas industry to those predicting that demand for petroleum products is nearing its peak. IHS Markit, of which Pulitzer Continue Reading
Royal Dutch Shell (RDSa.L) plans to start producing low-carbon jet fuel at scale by 2025, in an attempt to encourage the world’s airlines to reduce greenhouse gas emissions. Aviation, accounting Continue Reading
U.K. energy companies are seeking a massive government bailout as a surge in gas and electricity prices threatens to push suppliers out of business. The U.K. government is set for Continue Reading
Energy companies and the U.K. government will hold a third day of crisis talks as a surge in gas and electricity prices threatens to put more suppliers out of business Continue Reading
Surging energy prices in Europe are hurting more than just consumers. The price spikes have started to hit industrial activities, threatening to deal a blow to the post-COVID recovery in Continue Reading
Hurricane Ida is now officially the most devastating hurricane ever in terms of oil production disruption, and experts expect the outages to last throughout the month of September Friday, September Continue Reading
Brent oil futures dipped on Friday but held above $75 a barrel, remaining on track for weekly gains of more than 3% thanks to the slow recovery in output after Continue Reading
In this week’s edition of oil and gas industry hits and misses, Rigzone’s regular market watchers look at OPEC’s latest forecast, continuing U.S. Gulf of Mexico outages, price movements and Continue Reading
Developed countries made almost no progress toward their goal of providing $100 billion a year to help poor countries tackle climate change, figures from the OECD showed on Friday. The Continue Reading
The OPEC Monthly Oil Market Report for September 2021 was published this past week. The last month reported in each of the charts that follow is August 2021 and output Continue Reading
China’s natural gas consumption is growing faster than any other country in the Asia-Pacific (APAC), a Russian gas CEO said on Friday, according to TASS . Gazprom’s CEO Alexey Miller Continue Reading
Libya’s National Oil Corporation has revealed that the chairman of its board of directors recently held a meeting with the general manager of Schlumberger Libya. Libya’s National Oil Corporation (NOC) Continue Reading
Scott Sheffield, CEO of Pioneer Resources, speaks during the IHS CERAWeek 2015 energy conference in Houston, Texas April 21, 2015. REUTERS/Daniel Kramer Sept 17 (Reuters) – Top U.S. shale oil Continue Reading
An ambitious project aimed at capturing millions of tons of carbon emissions along the U.S. Gulf Coast in Texas garnered the support of some of the world’s biggest refiners and Continue Reading
The number of oil and gas rigs in the United States rose by 9 this week, according to Baker Hughes —after gaining 6 last week. The total rig count is Continue Reading
U.S. inventories of crude oil and the most used refined oil products have now fallen to below the 2018 levels, energy research service HFI Research has pointed out . U.S. Continue Reading
Several progressive House Democrats introduced this week a bill seeking to mandate the Fed to ban banks from funding all fossil fuel projects after 2030, and require the systemically important Continue Reading
Despite promises of improved infrastructure and better disaster preparedness, governments and energy giants are failing to provide backup energy provisions to areas hit hard by extreme weather conditions again and Continue Reading
Highlights Shell restored production to Perdido platform Chevron restarting Petronius platform About 95% of power restored in Louisiana after Ida Less than a quarter of crude production remains offline in Continue Reading
Several European power firms have been shut out of bumper revenues from record-high gas and electricity prices as their sales are largely locked in at lower prices, and face extra Continue Reading
A group of European Parliament lawmakers has asked the European Commission to investigate Gazprom’s role in soaring European gas prices, saying the company’s behaviour had made them suspect market manipulation. Continue Reading
The fallout from Europe’s energy crisis is sending fresh shockwaves through the U.K. food sector, after online grocer Ocado Group Plc stopped supplying frozen products to customers and the meat Continue Reading
London Mayor Sadiq Khan brought forward by three years a pledge to electrify the city’s bus fleet, accelerating the U.K. capital’s push toward vehicles without tailpipe emissions. The city’s bus Continue Reading
The U.K.’s wind-power drive has dramatically cut carbon emissions, but it’s also created a vulnerability that’s been brutally exposed. Calm weather over the past two weeks has cut output from Continue Reading
The UK government is scrambling to respond to a surge in natural gas prices that has forced the closure of fertiliser plants, driven up consumer energy costs and now threatens Continue Reading
Russia’s natural gas reserves will last for more than a century, Alexey Miller, chairman of the board of gas giant Gazprom, said on Friday. “Gas reserves in Russia, Gazprom’s gas Continue Reading
Two industrial sites that produce a combined 40 percent of the UK’s fertiliser have been forced to halt operations due to recent record gas prices. The Times reported that CF Continue Reading
Royal Dutch Shell will build an 820,000-tonnes-a-year biofuels facility at the Shell Energy and Chemicals Park Rotterdam, the Netherlands, formerly known as the Pernis refinery. Once built, the facility will Continue Reading
Britain’s food industry called on the government to subsidize carbon dioxide (CO2) production during a spike in gas prices or risk the collapse of the country’s meat industries. A surge Continue Reading
Oil headed for a fourth weekly gain supported by signs of a tighter market and a wider rally in energy prices. West Texas Intermediate, which dipped on Friday, has still Continue Reading
Brent oil futures dipped on Friday but held above $75 a barrel, remaining on track for weekly gains of more than 3% thanks to the slow recovery in output after Continue Reading
Goldman’s Currie Sees Potential for Oil Prices to ‘Explode’ Oil ended the session unchanged after choppy trading with traders focused on adjusting positions in U.S. crude options ahead of expiration. Continue Reading
Oil slipped but held above $75 a barrel on Thursday, within sight of a near seven-week high hit a day earlier, supported by a big drop in U.S. crude inventories Continue Reading
Iranian fuel and petrochemical exports have boomed in recent years despite stringent U.S. sanctions, leaving Iran well placed to expand sales swiftly in Asia and Europe if Washington lifts its Continue Reading
