Days after grabbing headlines with its COVID-19 “vaccine for the world”, AstraZeneca is facing tricky questions about its success rate that some experts say could hinder its chances of getting Continue Reading
When President Trump talks about efforts to deliver the coronavirus vaccine to millions of Americans eager to return to their normal lives, he often says he is “counting on the Continue Reading
The number of rotary drilling rigs operating in the United States rebounded this past week, according to Baker Hughes. The total number of rotary drilling rigs operating in the United Continue Reading
Days after grabbing headlines with its COVID-19 “vaccine for the world”, AstraZeneca is facing tricky questions about its success rate that some experts say could hinder its chances of getting Continue Reading
Leading energy companies have urged the UK to embrace carbon trading after the Brexit transition period concludes and not adopt a carbon tax instead. In a letter to Boris Johnson, Continue Reading
Spain’s oil major Repsol plans to reduce its oil business operations and increase five times its renewable energy portfolio by 2030 as part of its latest strategic plan unveiled on Continue Reading
Highlights Had been engaged to verify technical integrity Follows new US guidelines on PEESA statute Latest setback for almost-complete pipeline London — Norway-based quality assurance company DNV GL will no Continue Reading
Oil fell from an eight-month high as the dollar recovered, while disparities in demand set the stage for OPEC+’s key policy meeting next week. Futures in New York dropped 1.6%, Continue Reading
Oil closed at an eight-month high amid a weakening dollar and optimism surrounding a surprise decline in U.S. crude supplies and recent breakthroughs on a Covid-19 vaccine. Futures in New Continue Reading
Brent crude could hit $60 a barrel by next summer as travel restrictions get eased, Bank of America said, citing growing optimism around Covid-19 vaccines. The easing of restrictions will Continue Reading
Given the option, most Americans would not only prefer to choose their own utility companies but also have more of the energy that powers their homes coming from clean energy Continue Reading
Offshore wind is booming, and as turbine and project sizes grow, demand for specialized installation vessels will soar. The market for vessels capable of installing large offshore wind components is Continue Reading
On November 9 US pharmaceutical giant Pfizer and German biotechnology company BioNTech announced that a jointly developed vaccine candidate was effective at preventing more than 90% of test subjects from Continue Reading
The International Air Transport Association has launched the Aviation Carbon Exchange — the first centralized, real-time market for trading aviation carbon offsets, it said Nov. 25. Not registered? Receive daily Continue Reading
The election of Joe Biden to the US presidency and his commitment to rejoining the Paris Agreement will create a “tremendous momentum” to fight climate change and will likely lead Continue Reading
Europe is moving to a decisive stage in discussions to toughen the bloc’s 2030 climate target and put into law the ambition to become the world’s first climate neutral continent Continue Reading
With just weeks to go until President-Elect Joe Biden is inaugurated on January 20, Axios reports that Israel is preparing for the possibility that Trump will launch a preemptive attack Continue Reading
An oil tanker was damaged in the Red Sea near Saudi Arabia after a mine exploded on Wednesday, the Associated Press reported , citing the tanker’s operator and a maritime Continue Reading
The United Nations Security Council should “stop the threat” of more Houthi attacks on Saudi energy infrastructure, the Saudi ambassador to the UN said in a letter to the governing Continue Reading
OPEC producer Angola plans to raise much-needed cash via selling a stake in its state oil firm Sonangol by early 2022 as the crash in oil prices—and the pandemic—severely weakened Continue Reading
Iraq has taken a major step toward holding early elections by ratifying an election law that addresses some demands of anti-government protesters who blamed the old system for helping perpetuate Continue Reading
Middle Eastern airlines will see passenger demand plunge 73% this year, the largest collapse among all regions, due to pandemic-related related travel restrictions, an official from the International Air Transport Continue Reading
Russia’s Gazprom Neft is planning to launch a fourth well at the Sarqala field in Iraq’s semi-autonomous Kurdistan region in the first half of 2021, which will increase production at Continue Reading
Saudi Aramco needed about 40 minutes to put out the fire caused by a missile strike on a fuel depot in the Red Sea city of Jeddah, with evidence pointing Continue Reading
President-elect Joe Biden introduced nominees for his national-security team during an event in Wilmington, Del., on Tuesday. Photo: Mark Makela/Getty Images European powers are looking to the incoming Biden administration Continue Reading
In the side streets and narrow alleys of Abkhazia’s main city, a low growl and an oily stench are commonplace. Thrumming diesel generators provide power amid rolling blackouts that have Continue Reading
The Nigerian National Petroleum Corporation, NNPC, said it targets to achieve 3million barrels per day, bpd, oil production in no distant time. The Group Managing Director, NNPC, Mele Kyari stated Continue Reading
Mexico has granted full control over natural gas supply in the country to the state utility CFE and the national oil and gas company through a five-year plan for infrastructure Continue Reading
South Korea will close down up to 16 coal-fired power plants for three months from December, out of its 60 coal power plants in total, to help reduce air pollution, Continue Reading
The explosive growth seen in China’s grain demand this year has not been caused by just a temporary supply shortage but signals a structural change in domestic consumption levels, US Continue Reading
Gripped by the accelerating viral outbreak, the U.S. economy is under pressure from persistent layoffs, diminished income and nervous consumers, whose spending is needed to drive a recovery from the Continue Reading
An abundance of fossil fuels combined with advances in technology to harness wind and solar power has sent energy prices crashing around the world. WSJ explains how it all happened Continue Reading
What started as a Midwestern surge has grown into coast-to-coast disaster. Over the last two months, rural counties and midsize cities in the Great Plains and Upper Midwest have been Continue Reading
The announcement this week that a cheap, easy-to-make coronavirus vaccine appeared to be up to 90 percent effective was greeted with jubilation. “Get yourself a vaccaccino,” a British tabloid celebrated Continue Reading
Layoffs are rising again and Americans’ incomes are falling, the latest signs that the one-two punch of a resurgent pandemic and waning government aid are undermining the U.S. economic recovery. Continue Reading
JP Morgan. Citi. Morgan Stanley. Goldman Sachs. All of these banks have announced they will no longer finance oil and gas drilling projects in the Arctic, virtue signaling to environmental Continue Reading
As Prime Minister Trudeau reveals his ‘net-zero’ plan for 2050, it is clear that Canada is still very much reliant on its oil industry. The new bill requires Canada to Continue Reading
In the wake of the pandemic, ExxonMobil has significantly lowered its expectations about oil prices for the next seven years, expecting Brent Crude to average between $50 and $55 a Continue Reading
The ongoing energy transition combined with the effects of Covid-19 will drive future oil demand to lower levels than what was expected just months ago. As a result, a plethora Continue Reading
The US natural gas storage withdrawal season started one week later than normal with a below-average draw of 18 Bcf for the week ended Nov. 20 as the Henry Hub Continue Reading
The average retail price for gasoline in the US on Nov. 23 was $2.10/gal, lowest for the first day of the week before Thanksgiving since 2015, according to the US Continue Reading
US crude oil inventories edged lower in the week ended Nov. 20 amid an uptick in refinery demand and exports, US Energy Information Administration data showed Nov. 25. Receive daily Continue Reading
Gripped by the accelerating viral outbreak, the U.S. economy is under pressure from persistent layoffs, diminished income and nervous consumers, whose spending is needed to drive a recovery from the Continue Reading
A memorial to Covid-19 victims in Atlanta. Credit…Audra Melton for The New York Times For anyone tracking the daily number of deaths from the coronavirus as a metric of the Continue Reading
Daily coronavirus -related deaths in the United States have reached levels not seen since the early throes of the pandemic following a surge in the number of those hospitalized, an Continue Reading
The U.S. oil industry is trying to recover from the worst demand shock in the history of oil markets. Some companies launched the long-awaited consolidation in the sector, while many Continue Reading
Janet L. Yellen , the president-elect’s pick to run the treasury at a critical time, may play a crucial role in getting corporations to take global warming seriously if confirmed Continue Reading
The COVID-19-causing coronavirus is mutating as it spreads around the world in the pandemic, but none of the mutations currently documented appears to be making it able to spread more Continue Reading
US electric vehicle manufacturer Tesla plans to turns its Berlin-Gruenheide factory into the world’s largest EV battery plant, CEO Elon Musk said Nov. 24 at a German government-organized EU battery Continue Reading
Disquiet is growing over the way that Oxford university and AstraZeneca have handled the early readout from trials of their coronavirus vaccine, which much of the developing world may rely Continue Reading
