La Nina Threatens to Worsen Energy Crisis With Colder Winter
Lower than usual temperatures from China to Japan will add to power demand at a time of already tight supply and high prices. Bloomberg News Waves, whipped up by a Continue Reading
UBC thermal methane cracking technology deployed to Alberta in $7M test
New hydrogen production technology developed at the University of British Columbia (UBC) will be tested in a $7-million project between UBC, the government of Alberta and Alberta utility company ATCO. Continue Reading
Rocky Mountain high: U.S. looks to Colorado for methane emissions policy
U.S. environmental regulators are expected to base new rules for controlling methane emissions from oil and gas operations on the nation-leading policies of a state that has been tamping down Continue Reading
Unchecked Oil and Gas Wastewater Threatens California Groundwater
Fracking fluid and oil wastewater are dumped into an unlined pit located right up against the Petroleum Highway in Kern County, California. Credit: Sarah Craig/Faces of Fracking California has a Continue Reading
The U.K. Ditched Coal and Left Itself With a New Set of Challenges
Coal from mines around this northeastern English port town made the U.K. an industrial and imperial superpower in the 19th century. In the 21st, the country has all but ditched Continue Reading
France can become carbon neutral by 2050 at cost that would be manageable -RTE
RTE, France’s power grid operator, said on Monday that the country could get to carbon-neutral status by 2050 at a cost that would be manageable. The RTE added in a Continue Reading
Gazprom leaves 2021 gas export guidance to Europe unchanged
Gazprom’s (GAZP.MM) natural gas exports to Europe and Turkey could reach 183 billion cubic meters by the end of the year, the head of the Russian gas giant’s export branch Continue Reading
German Business Confidence Tumbles to Six-Month Low on Supplies
Want the lowdown on European markets? In your inbox before the open, every day. Sign up here . German business confidence took another hit in October as global supply logjams Continue Reading
Germany is still razing villages for coal mines despite pledges to cut carbon
The yawning black-brown scar in the earth that is Germany’s Garzweiler coal mine has already swallowed more than a dozen villages. Centuries-old churches and family homes have been razed and Continue Reading
Oil Fluctuates Near $83 With U.S. Supplies Under the Microscope
Oil swung between gains and losses as traders weigh the ongoing impact of a global energy crunch and dwindling inventories at a key U.S. storage hub. Front-month futures in New Continue Reading
Natural-Gas Prices Fall From Peak as Warm Autumn Buoys Stockpiles
Natural-gas prices have shed 16% since hitting a 13-year high earlier this month, reversing some of a run-up that has prompted fears of exorbitant heating bills and higher manufacturing costs at a Continue Reading
Is $85 The New Normal For Oil Markets?
Oil has now comfortably settled above $80, with Saudi Arabia refusing to alter its strategy and U.S. shale companies maintaining their spending discipline. For a deeper dive into exactly what Continue Reading
Supply Chain Shortages: Your Questions Answered
Computer chips. Exercise equipment. Breakfast cereal. By now, you’ve probably heard: The world has run short of a great many products. In an era in which we’ve become accustomed to clicking Continue Reading
5 reasons to be optimistic in the fight against climate change
It is perhaps unsurprising that you rarely see the words ‘climate change’ and ‘optimism’ in the same headline. The world’s forests, oceans and polar ice caps remain in peril, extreme Continue Reading
The Countries That Could Spoil Global Climate Negotiations
( Sign up for the Green Daily newsletter, your best source for climate news and insights on the latest in science, environmental impacts, zero-emission tech and green finance.) More than Continue Reading
Top oil exporter Saudi Arabia targets net zero emissions by 2060
Saudi Arabia’s crown prince said on Saturday that the world’s top oil exporter aims to reach zero-net emissions by 2060 and will more than double its annual target to reduce Continue Reading
Kuwait says drilling, facilities work underway to reverse declining oil production capacity
Kuwait will be able to unlock some 500,000 b/d of potential output capacity in the next two years, the head of its state oil company said Oct. 22, seeking to Continue Reading
India’s Top Utility Looks To Import Coal As Energy Crisis Continues
The largest power generating company in India, NTPC Ltd, is looking for bids to import at least one million tons of coal for the first time in two years, Bloomberg Continue Reading
Mexico’s Government Is Suffocating Its Energy Sector
Mexico’s nationalization drive has done little good for its already struggling energy industry President Lopez Obrador’s latest constitutional reform to transform electricity markets could diminish private investment Mexico, once a Continue Reading
Operations at Mexican oil refinery resumed this week
Operations at Mexican national oil company Pemex’s Tula refinery resumed two days ago after a three-week closure due to rail and road blockades by protesting teachers, a company source with Continue Reading
Mexico postpones low sulfur diesel rule until 2025, ministry says
Mexico on Friday delayed for three years a rule mandating that new trucks and buses use low-sulfur diesel, arguing the fuel is not currently available everywhere in the country, according Continue Reading
China Evergrande Makes Overdue Interest Payment on Dollar Bonds, State Media Says
China Evergrande Group EGRNF 7.41% made an overdue interest payment to international bondholders, the state-owned Securities Times reported Friday, an unexpected move that allows the property company to stave off a default. The Continue Reading
China’s overseas coal ban raises pressure on developing countries to go green
For Vietnam’s central planners, the timing was terrible when China announced it would no longer build coal-fired power projects abroad. In early September, an updated energy blueprint for the Southeast Asian nation Continue Reading
China Vows Crackdown On Coal Futures Speculation
Chinese authorities have signaled they would start looking into the recent price spikes and subsequent plunge in the domestic coal futures market as part of efforts to contain the price Continue Reading
China coal prices mark worst week since May on govt intervention
China’s thermal coal futures plunged on Friday and turned in their worst week in five months, following Beijing’s strongest intervention in years to boost supply and cool runaway prices of Continue Reading
Schlumberger beats Q3 profit estimates as oilfield activity recovers
Top oilfield firm Schlumberger NV (SLB.N) reported third-quarter profit which beat Wall Street estimates on Friday and echoed a rival’s forecast for a 20% increase in North American spending next Continue Reading
U.S. oil & gas rig count falls for first week in seven -Baker Hughes
U.S. energy firms this week cut oil and natural gas rigs for the first time in seven weeks even as oil prices rose to fresh seven-year highs. The U.S. oil Continue Reading
Container Ships Headed for U.S. Poised to Worsen Port Bottleneck
The backlog of ships outside the twin ports of Los Angeles and Long Beach — America’s largest gateway for ocean freight — is poised to worsen. There’s now a record Continue Reading
U.S. Drought Forecast Signals Latest Threat to World Wheat
A forecast for a developing drought in the U.S. southern Plains is the latest threat to dwindling world wheat supplies. Hard red winter wheat, a bright spot this year compared Continue Reading
Light Texas Crude Oil Is Attracting More Buyers Ahead of a Winter Fuel Pinch
One type of crude from America’s most prolific shale patch is having its moment, riding on the coattails of the global winter fuels crunch that has caused massive price rallies. Continue Reading
The Coming Electric Car Disruption That Nobody’s Talking About
Thousands of companies involved with making, selling and servicing traditional vehicles face an uncertain future as the country transitions to electric vehicles. From metal fabricators to auto mechanics and corn Continue Reading
Fire-scarred California Braces for More Storms, Flash Floods
Northern California residents relieved that this week’s rain helped contain stubborn wildfires and soaked dry gardens were cleaning up Friday and preparing for a massive storm this weekend that could Continue Reading
U.S. Oil Rig Count Slips For The First Time In Six Weeks
The number of oil and gas rigs in the United States fell by 1 this week The total rig count is now at 542, up 255 from this time last Continue Reading
Why Are Private Equity Firms Dumping U.S. Shale Gas Assets?
Private equity firms are selling their assets and operations in U.S. shale plays to take advantage of soaring gas prices, Reuters has reported , noting the Haynesville play alone has Continue Reading
U.S. Stockpiles In Cushing Reaching Historically Worrying Levels
Stockpiles at the biggest U.S. crude depot are quickly approaching critically low levels. Stockpiles at the biggest U.S. crude depot are quickly approaching critically low levels. The last time that Continue Reading
U.S. Oil Hub Emptying to Levels Last Seen When Crude Cost $100
Stockpiles at the biggest U.S. crude depot are quickly approaching critically low levels. The last time that happened, crude cost more than $100 a barrel. The storage tanks in Cushing, Continue Reading
U.S. takes step toward oil and gas auction off Alaska coast next year
The Biden administration on Friday took a procedural step towards holding an auction for oil and gas drilling rights in the Cook Inlet off the coast of Alaska next year. Continue Reading
California Gasoline Prices Are Spiking
The only gas station in Gorda Springs, California, population ~100, is now selling premium gasoline for $8.50 per gallon amid one of the most jarring energy crises in history. The Continue Reading
Big Oil to attend U.S. House climate disinformation hearing
Top executives from Exxon Mobil Corp, BP America, Chevron Corp, and Shell Oil will testify on Oct. 28 at a congressional hearing examining whether the fossil fuel industry led an Continue Reading
California proposes 3,200-foot buffer zone between oil wells and homes, schools
After years of advocacy by frontline communities, California may finally be on the way to implementing a key health and safety regulation to protect communities living near oil and gas Continue Reading
Putin: Not All OPEC+ Producers Can Ramp Up Output Quickly
Putin: “Currently, the OPEC+ countries are increasing production volumes, even slightly more than they agreed to do, but not everyone can do it,” Some OPEC+ members—including OPEC’s Angola and Nigeria Continue Reading
Putin Lays Cards Down: Approve Nord Stream 2 To Get More Gas
Russia could immediately increase natural gas deliveries to Europe as soon as German authorities approve the Nord Stream 2 pipeline, the Financial Times reports , citing President Vladimir Putin as Continue Reading
UK’s Newest Gas Projects May Ease Crisis
The U.K’s natural gas production is soon expected to increase, as two new projects come online. Two new projects in the North Sea have recently started to flow gas, according Continue Reading
European gasoline, diesel car sales poised to lose market dominance as EVs surge
Surging sales of hybrid and fully electric vehicles in Europe remained strong in the third quarter of 2021, helping to shrink the market share of conventional gasoline and diesel cars Continue Reading
Shell Could Miss Its Own Emission Reduction Goals
Royal Dutch Shell is on track to miss its own emission reduction targets in the coming decades, a new study shows. Royal Dutch Shell Plc is on track to miss Continue Reading
Moldova PM says Russia gas talks still divided as govt declares emergency
Moldova and Russia remain divided over price and other details of a new gas deal, Prime Minister Natalia Gavrilita said on Friday, after expiry of their former pact prompted Chisinau Continue Reading
From Baltic to Balkans, Covid crisis engulfs central and eastern Europe
As ambulances carrying coronavirus patients queue outside Romania’s emergency units, hospitals are running out of beds, morgues are overflowing and doctors are becoming exasperated as well as exhausted. Most of Continue Reading
Polish Gas Firm To Wean Itself Off Russian Gas After 2022
Polish Oil and Gas Company (PGNiG) doesn’t expect it would be “forced” to buy gas from Russia after its supply deal with Gazprom expires at the end of next year, Continue Reading
Crude oil dips as pandemic concerns weigh on outlook
Crude oil futures were lower during mid-morning trade in Asia on Oct. 22, as sentiment was impacted by pandemic concerns which could weigh on the demand outlook. At 11:15 am Continue Reading
Oil Fluctuates Near $83 With U.S. Supplies Under the Microscope
Oil swung between gains and losses as traders weigh the ongoing impact of a global energy crunch and dwindling inventories at a key U.S. storage hub. Front-month futures in New Continue Reading