China Energy Giants in Talks for Shell’s Russian Gas Stake
China’s key state-run energy companies are in talks with Shell Plc to buy its stake in a major Russian gas export project, according to people with knowledge of the matter. Continue Reading
Southwest fire crews brace for return of dangerous winds
Firefighters are bracing for the return of ferocious winds in the Southwest after a brief reprieve allowed them to attack flames from the air for the first time in days Continue Reading
U.S. West Coast Imports More Gasoline Ahead Of Driving Season
The U.S. West Coast is expected to import 120,000 barrels per day of gasoline and blending components for the remainder of this month, up from 95,000 bpd in the first Continue Reading
EIA: U.S. Crude Production Doubled Since 2010 Because Of Horizontal Wells
81 percent of completed wells in the oil and gas industry were horizontal or directional in 2021. The number of completed oil and gas wells fell by 66 percent between Continue Reading
U.S. Natural Gas Exports Growth Led By LNG
Since the U.S. began exporting more natural gas than it imports, natural gas exports both by pipeline and as LNG have grown significantly. Since the United States began exporting more Continue Reading
Britain’s steelmakers scorched by white-hot power prices
Steel boss James Brand raises his voice above the roar of metal being funneled into a foundry furnace as he details how rampant costs have pushed him to raise his Continue Reading
World Bank estimates Ukraine physical damage at roughly $60 billion so far
Physical damage to Ukraine’s buildings and infrastructure from Russia’s invasion has reached roughly $60 billion and will rise further as the war continues, World Bank President David Malpass said on Continue Reading
European Gas Edges Lower as LNG Counters Lower Norway Supplies
Natural gas prices in Europe reversed earlier gains as ample liquefied natural gas imports offset lower deliveries from Norway amid planned works. Benchmark futures were 0.2% lower, after rising as Continue Reading
Climate Change Threatens Europe With New Weather Extremes
2021 was a year of extreme weather and natural disasters for the continent, from heat waves to flooding and droughts. Climate change produced another record-breaking year of extreme weather in Continue Reading
Next Phase of War Will Be Pivotal for Russia and Ukraine, U.S. Says
Senior Biden administration officials say they believe that the next four weeks will shape the eventual outcome of Russia’s war in Ukraine, with long-lasting ramifications that will influence the drawing Continue Reading