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Florida Startup Offers Solution To Decades-Old Pipeline Puzzle

Florida Startup Offers Solution To Decades-Old Pipeline Puzzle

Florida-based company Trans Caspian Resources…

California Is Addicted To Oil From The Amazon

California Is Addicted To Oil From The Amazon

California is regarded as America’s…

OPEC Misses Its Oil Production Target Once Again

OPEC Misses Its Oil Production Target Once Again

OPEC raised its production in…

News

Germany: Nord Stream 2 Cannot Begin Operations Until Certified

Germany: Nord Stream 2 Cannot Begin Operations Until Certified

Dec 06, 2021 at 14:02 | Tsvetana Paraskova

The Russia-led Nord Stream 2 gas pipeline cannot start sending natural gas to Europe until it is certified by German authorities, which have suspended the certification process, according to Germany’s…

Energy Efficiency Needs To Speed Up To Meet Climate Goals

Energy Efficiency Needs To Speed Up To Meet Climate Goals

Dec 06, 2021 at 13:28 | Tsvetana Paraskova

Energy efficiency and ways to reduce emissions from buildings may be the cheapest way to lower carbon footprints and help reach climate goals, but the current pace of investments in…

EV Patents Surge As Net-Zero Push Accelerates

EV Patents Surge As Net-Zero Push Accelerates

Dec 06, 2021 at 12:30 | City A.M

The number of electric vehicle (EV) patents has gone up all across the world, while fossil fuel ones have registered a rapid decrease in the last five years…

BP Wants To Include WTI Midland Crude To Dated Brent Benchmark

BP Wants To Include WTI Midland Crude To Dated Brent Benchmark

Dec 06, 2021 at 11:40 | Charles Kennedy

UK-based supermajor BP favors the addition of WTI Midland, a light sweet crude grade from the United States, to the Dated Brent benchmark, the underlying benchmark of the Brent Crude…

Houston Energy Conference Disrupted Due To Omicron Restrictions

Houston Energy Conference Disrupted Due To Omicron Restrictions

Dec 06, 2021 at 10:26 | Charles Kennedy

Travel restrictions in the wake of the Omicron variant have disrupted the agenda of the 23rd World Petroleum Congress, which begins in Houston on Monday with a reduced number of…

Big Oil Posts $174 Billion In Profits This Year: Report

Big Oil Posts $174 Billion In Profits This Year: Report

Dec 06, 2021 at 09:32 | Irina Slav

Big Oil majors booked profits of a combined $174 billion for the first nine months of the year as they focused on returning cash to shareholders instead of boosting production…

UK Grim Prospects Over Surging Energy Bills Just Got Worse

UK Grim Prospects Over Surging Energy Bills Just Got Worse

Dec 03, 2021 at 17:24 | Charles Kennedy

UK households will be paying much higher energy bills, which will rise not only because of high power and gas prices but also because of the collapse of Bulb, the…

Musk Sold Another $1 Billion Worth Of Tesla Shares

Musk Sold Another $1 Billion Worth Of Tesla Shares

Dec 03, 2021 at 14:03 | Tsvetana Paraskova

Elon Musk’s latest round of Tesla stock sale has brought total sales over the past four weeks to 10 million shares worth around $10.9 billion, as the EV manufacturer’s CEO…

Sour Crude Discounts Widen As Gas Prices, OPEC Production Grow

Sour Crude Discounts Widen As Gas Prices, OPEC Production Grow

Dec 03, 2021 at 13:53 | Tsvetana Paraskova

Higher availability of high-sulfur, or sour, crude grades globally as well as surging natural gas prices in recent months have significantly widened the discount at which sour grades trade relative…

Iran Delivers Fourth Crude Condensate Cargo To Venezuela

Iran Delivers Fourth Crude Condensate Cargo To Venezuela

Dec 03, 2021 at 10:39 | Irina Slav

Iran has delivered the fourth cargo of crude oil condensate to Venezuela since the start of this year, Reuters has reported, citing a Venezuelan member of parliament—but the condensate…

Refiner Phillips 66 Signs Renewable Jet Fuel Deal With British Airways

Refiner Phillips 66 Signs Renewable Jet Fuel Deal With British Airways

Dec 03, 2021 at 09:22 | Charles Kennedy

Refiner Phillips 66 has sealed a deal with British Airways to supply the airline with renewable jet fuel that will be produced at a Phillips 66 site in the UK,…

This Could Mean The End To Cambo Oil Field Development

This Could Mean The End To Cambo Oil Field Development

Dec 02, 2021 at 15:32 | Julianne Geiger

Shell announced on Thursday that it would no longer proceed with its investment in the Cambo oil field. Shell had a 30% stake in the Cambo oilfield, in the UK’s…

European Oil Majors Doubled Spending On Low-Carbon Energy Sources

European Oil Majors Doubled Spending On Low-Carbon Energy Sources

Dec 02, 2021 at 13:12 | Tsvetana Paraskova

In just two years, Europe’s oil and gas majors have doubled their planned spending on low-carbon energy—from 10 percent of capex in 2019 to 25 percent of overall spending per…

Value Of U.S-Canada Energy Trade Dips In 2020

Value Of U.S-Canada Energy Trade Dips In 2020

Dec 02, 2021 at 11:28 | Charles Kennedy

The pandemic-driven lower petroleum consumption and lower commodity prices resulted in a decline of over 30 percent in the value of energy trade between the United States and Canada in…

Big Auto CEO: Rush For Electrification Could End In Tears

Big Auto CEO: Rush For Electrification Could End In Tears

Dec 02, 2021 at 09:38 | Irina Slav

Amid a veritable race among carmakers to become fully electric before everyone else, the chief executive of Stellantis has warned that this race could end in tears. In an

U.S. May Delay Oil Reserve Release

U.S. May Delay Oil Reserve Release

Dec 02, 2021 at 08:41 | Charles Kennedy

The United States might adjust the timing of the release of some 50 million barrels of crude oil from the strategic petroleum reserve depending on the direction of oil prices,…

Low-Cost Oil And Gas May Make U.S. ''Energy Dominant''

Low-Cost Oil And Gas May Make U.S. ''Energy Dominant''

Dec 01, 2021 at 16:39 | Julianne Geiger

The United States is set to become “energy dominant”, boosted to prominence by its low-cost oil and gas supplies as global prices rise in the future, Bank of America said…

Belarusian President Threatens To Halt Transit Of Energy Products From Russia

Belarusian President Threatens To Halt Transit Of Energy Products From Russia

Dec 01, 2021 at 13:01 | ZeroHedge

As if the energy sector needed any more volatility than it's already experiencing, Belarusian President Alexander Lukashenko has thrown his hat in the ring by commenting this week that he…

UAE’s Oil Giant ADNOC To Invest $127 Billion Through 2026

UAE’s Oil Giant ADNOC To Invest $127 Billion Through 2026

Dec 01, 2021 at 11:43 | Charles Kennedy

The Abu Dhabi National Oil Company (ADNOC) will invest as much as $127 billion in its upstream, downstream, and low-carbon fuel businesses between 2022 and 2026, the state oil firm…

IEA: Renewable Capacity Growth Needs To Double For Net-Zero

IEA: Renewable Capacity Growth Needs To Double For Net-Zero

Dec 01, 2021 at 10:27 | Tsvetana Paraskova

The world is set to add record-breaking renewable capacity additions this year, but it will still need double new annual capacity over the next five years to achieve the net-zero…

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