Shell’s Profit Rises as Pivot to Gas Pays Off
The strong result stood out in an industry that has been hurt by weaker oil and gas prices. The U.K.’s BP PLC and France’s Total SA both announced falls in Continue Reading
World’s Most Controversial Pipeline Clears Final Hurdle
Denmark has granted Russia’s state-controlled energy company Gazprom permission to build a controversial gas export pipeline through Danish waters. The October 30 approval removes the last major regulatory hurdle for Continue Reading
The Surprising Winner Of The Oil & Gas Exploration Race
Norway saw the highest number of oil and gas discoveries in the third quarter, with six out of the 38 oil and natural gas finds made around the world, data Continue Reading
BP: Oil Is “Finely Balanced” At $60
The Brent Crude price is finely balanced at US$60 per barrel, but the U.S.-China trade spat will likely drag oil demand and, as a result, oil prices, lower rather than Continue Reading
German exports to shrink for first time since global financial crisis: DIHK
German exports will shrink next year for the first time since the global financial crisis over a decade ago, the DIHK Chambers of Industry and Commerce said on Wednesday, as Continue Reading
Russia to overtake Indonesia as top exporter of thermal coal by 2040: IEA
Russia is expected to overtake Indonesia as the biggest exporter of coal by 2040, as the Southeast Asian country’s thermal coal production stagnates, the International Energy Agency said Wednesday. In Continue Reading
Russian Oil Giant Prepares Massive $157 Billion Arctic Oil Project
Rosneft is preparing to lead an Arctic oil field development project that will cost an estimated $157 billion (10 trillion rubles). Reuters quoted Russia’s Deputy Energy Minister Pavel Sorokin as Continue Reading
BP Swings to Loss on Weaker Oil Prices, Repair Costs
BP BP -0.28% PLC said it swung to a loss in third-quarter earnings resulting from a divestment-related charge and lower earnings in its exploration and production business. The London-based energy giant Tuesday posted a Continue Reading
Climate change increases flooding risk to homes, study shows
The number of households in Britain at risk of flooding will more than double by 2050 to more than 1.9m owing to the effects of climate change, research from data Continue Reading
The First ‘Commercially Viable’ Fusion Power Plant in the Making
Clean Energy is the need of the hour and UK is taking charge to build the first commercially viable fusion power plant for unlimited clean, safe, and carbon-free energy. Fremont, Continue Reading