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Energy

Top Trends To Watch In Renewable Energy In 2019

Dec 19, 2018 at 13:56 | Tsvetana Paraskova

This year has seen several major policy changes in renewable energy, especially in solar.   China surprised everyone in June by announcing that it would not issue approvals for…

Dark Horse In Battery Tech Could Beat Tesla

Dec 19, 2018 at 13:50 | Jon LeSage

Battery maker 24M just received funding for its SemiSolid lithium-ion battery that could have Tesla and other electric carmakers beat in energy storage and electric vehicle driving range. The…

Tiny Qatar Flexes Its Muscles With Oil And Gas Investment Push

Dec 19, 2018 at 11:19 | Tim Daiss

Qatar is continuing to make energy headline news. The tiny kingdom is forging its own path even at the expense of recently pulling out of OPEC to focus on its…

Saudi Oil Minister: Crude Stocks Should Drop Very Soon

Dec 19, 2018 at 09:45 | Tsvetana Paraskova

A day after oil prices plummeted again amid global market sell-offs and fears of oversupply, Saudi Energy Minister Khalid al-Falih said that he expects global oil inventories to drop…

Oil Prices Rise On Small Crude Draw

Dec 19, 2018 at 09:44 | Irina Slav

Amid plunging oil prices pressured by the double weight of U.S. production and global economic growth projections, the Energy Information Administration reported a crude oil inventory draw of 500,000…

India Finds Way To Skirt U.S. Sanctions Against Iran

Dec 19, 2018 at 09:02 | Irina Slav

India will use five escrow accounts in Iranian banks to pay for deliveries of Iranian crude oil amid U.S. sanctions, Bloomberg reports, citing sources close to the situation. The…

What’s Behind The Crash In Crude?

Dec 18, 2018 at 15:51 | Nick Cunningham

Oil prices crashed to new one-year lows on Tuesday, dragged down by a deepening sense of global economic gloom as well as fears of oversupply in the oil market itself.…

Libyan Oil In Jeopardy As Peace Talks Fail

Dec 18, 2018 at 15:29 | Cyril Widdershoven

Libya’s National Oil Company NOC has once again shocked the oil market by officially declaring force majeure on its operations at the El Sharara oilfield, the largest oilfield in the…

North Korean Oil Smugglers Elude U.S. Military

Dec 18, 2018 at 15:25 | Irina Slav

North Korea is still receiving crude oil shipments despite the military presence of a U.S.-led coalition deployed to ensure UN sanctions against Pyongyang are being enforced. This was revealed in…

Iran Claims It Holds The Most Oil, Gas Reserves In The World

Dec 18, 2018 at 13:49 | Tsvetana Paraskova

Despite the U.S. sanctions, Iran continues to explore and discover new oil and gas reserves and now ranks “first in terms of oil and gas reserves in the world,” Iranian…

Oil Prices Crash To 1-Year Lows

Dec 18, 2018 at 12:02 | Tom Kool

Rising global inventories are weighing on crude prices, pushing oil to one-year lows.  (Click to enlarge)

Offshore Drillers Bullish On 2019 Despite Falling Prices

Dec 18, 2018 at 11:57 | Tsvetana Paraskova

Upstream operators are set to sanction up to 50 new large oil and gas projects next year, up from 40 in 2018, with deepwater oil developments in Guyana and Brazil…

Libya Declares Force Majeure On Largest Oil Field

Dec 18, 2018 at 10:03 | Irina Slav

After a week’s blockade by a militant group, Libya’s largest oil field, Sharara, has been shuttered by a force majeure declaration by the National Oil Corporation. Reuters cited a…

Big Oil Stocks Crash As Crude Prices Tumble

Dec 18, 2018 at 09:22 | Tsvetana Paraskova

Shares in the largest oil companies in Europe dropped to their lowest level in eight months on Tuesday, dragged down by across-the-board equity sell-offs in global markets and tumbling…

Shale Under Pressure As Oil Falls Below $50

Dec 17, 2018 at 14:03 | Nick Cunningham

The OPEC+ cuts still are not doing very much to boost oil prices, dashing hopes for many U.S. shale producers. With companies in the process of formulating their budgets for…

Why Iran’s Positive OPEC Spin Won’t Last

Dec 17, 2018 at 13:47 | Tim Daiss

In recent months, it’s been difficult to hear any positive statements coming from Iran’s troubled oil sector, particularly since President Trump decided in May to reinstate tough sanctions over what…

Asian LNG Demand To Quadruple By 2030

Dec 17, 2018 at 13:35 | Tsvetana Paraskova

The biggest buyers of liquefied natural gas (LNG) in Northeast Asia—which account for more than half of the world’s LNG market—could see their total uncontracted demand rising fourfold by 2030, 

Oil Industry Faces $1 Trillion Challenge

Dec 17, 2018 at 13:21 | Irina Slav

When the International Maritime Organization announced it would introduce a new, lower, sulfur emission ceiling for bunkering fuel, many in the energy industry worried that demand for high-sulfur fuel oil…

Equinor Starts Up Major Gas Field In Norwegian Sea

Dec 17, 2018 at 12:34 | Tsvetana Paraskova

Norway’s oil and gas major Equinor said on Monday that it had started production from the deepest subsea development on the Norwegian Continental Shelf—the Aasta Hansteen gas field, which…

Ghana’s Energy Industry Becomes A Boon For The Economy

Dec 17, 2018 at 11:51 | Oxford Business Group

On October 15 President Nana Akufo-Addo announced the opening of the country’s first open and competitive round of bidding for energy exploration licences, with three offshore blocks being offered. Previously,…

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