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News

U.S. Govt. Says Federal Land Drilling Program Is “Broken”

U.S. Govt. Says Federal Land Drilling Program Is “Broken”

Apr 02, 2021 at 17:45 | Julianne Geiger

The federal program that grants companies the right to drill for oil and gas on federal land is “fundamentally broken” and will be reviewed, according to Interior Secretary Deb Haaland.…

Mozambique Says Total’s LNG Project Is Safe From Militants

Mozambique Says Total’s LNG Project Is Safe From Militants

Apr 02, 2021 at 15:33 | Charles Kennedy

A US$20-billion liquefied natural gas (LNG) project led by France’s Total in Mozambique is beyond the reach of Islamic state-aligned insurgents who started last week a coordinated attack near the…

U.S. And Iran Set To Hold Indirect Talks On Nuclear Deal

U.S. And Iran Set To Hold Indirect Talks On Nuclear Deal

Apr 02, 2021 at 12:31 | Tsvetana Paraskova

The United States will take part in indirect talks about the Iran nuclear deal with diplomats from Europe, Russia, and China next week, the U.S. State Department said on Friday.…

India Set To Review ‘Unfair’ Oil Import Contracts With Saudi Arabia

India Set To Review ‘Unfair’ Oil Import Contracts With Saudi Arabia

Apr 02, 2021 at 10:38 | Tsvetana Paraskova

India continues its efforts to shake off its oil dependence on OPEC’s decisions by asking its state refiners to review what it sees as contracts “loaded against the buyer” with…

EVs, Smart Appliances Pose Cybersecurity Risks

EVs, Smart Appliances Pose Cybersecurity Risks

Apr 02, 2021 at 09:32 | Irina Slav

Electric vehicles and smart appliances, whose popularity among Americans is growing, pose a potential cybersecurity risk, a recent report from the Government Office of Accountability has warned. “A growing number…

Oil Demand Boosted By Highest Number Of Flights Since COVID Started

Oil Demand Boosted By Highest Number Of Flights Since COVID Started

Apr 01, 2021 at 18:20 | Charles Kennedy

The number of commercial flights looks to have hit a post-pandemic high in the past days, outstripping the previous high from Christmas travel and potentially boding well for jet fuel…

Biden Administration Studies If EVs Can Enter Biofuel Credit Program

Biden Administration Studies If EVs Can Enter Biofuel Credit Program

Apr 01, 2021 at 18:09 | Charles Kennedy

The U.S. Administration has asked the Environmental Protection Agency (EPA) to give an opinion on whether charging electric vehicles with renewable biogas could become part of the biofuel credits program,…

Big Oil Beats NYC Appeal On Climate Change Lawsuit

Big Oil Beats NYC Appeal On Climate Change Lawsuit

Apr 01, 2021 at 13:43 | Charles Hugh Smith

A federal appeals court on Thursday ruled in favor of five of the world’s biggest oil companies in an appeal over a climate lawsuit that New York City was…

ExxonMobil Set To Outperform As Oil And Gas Prices Climb

ExxonMobil Set To Outperform As Oil And Gas Prices Climb

Apr 01, 2021 at 11:40 | Irina Slav

Exxon could swing into profit this quarter after five consecutive quarters in the red thanks to higher oil and gas prices and recovering demand, according to a regulatory filing…

U.S. Calls On Saudi Arabia To Ensure Supply Of Affordable Energy

U.S. Calls On Saudi Arabia To Ensure Supply Of Affordable Energy

Apr 01, 2021 at 09:18 | Charles Kennedy

The United States has called on Saudi Arabia to make sure there is “affordable energy” supply in the world, ahead of today’s OPEC+ meeting where the cartel will discuss production…

Shock Of The Week: Poll Reveals U.S. Pipelines Aren’t Actually Unpopular

Shock Of The Week: Poll Reveals U.S. Pipelines Aren’t Actually Unpopular

Mar 31, 2021 at 17:18 | Julianne Geiger

When it comes to oil pipelines, it seems that the American people really haven’t lost that loving feeling after all, according to new research conducted by Wakefield on behalf of…

Volkswagen’s EV-Friendly Name Change Was Bad April Fools’ Joke

Volkswagen’s EV-Friendly Name Change Was Bad April Fools’ Joke

Mar 31, 2021 at 16:15 | Julianne Geiger

It looks like Volkswagen will not be changing the name of its U.S. business to ‘Voltswagen’ after all, with the German carmaker admitting that the marketing stunt from earlier this…

Chinese Smartphone Giant Makes $10 Billion Bet On EVs

Chinese Smartphone Giant Makes $10 Billion Bet On EVs

Mar 31, 2021 at 16:09 | Charles Kennedy

Chinese smartphone maker Xiaomi will set up an electric vehicle (EV) unit with an investment of US$10 billion over ten years, joining a competitive electric car market at home. “The…

Libya’s Oil Production Set To Stabilize In 2021

Libya’s Oil Production Set To Stabilize In 2021

Mar 31, 2021 at 13:08 | Charles Kennedy

Libya may be able to maintain its current level of oil production of around 1.2 million barrels per day (bpd) until the end of the year as the oil sector…

China's Refiners Are An Existential Threat To Regional Competitors

China's Refiners Are An Existential Threat To Regional Competitors

Mar 31, 2021 at 11:39 | Charles Kennedy

China’s build-up of oil refining capacity is threatening the viability of other Asian refiners as the country is about to become the world’s largest refiner this year amid still depressed…

Google, Samsung, BMW And Volvo Support Ban On Deep-sea Mining

Google, Samsung, BMW And Volvo Support Ban On Deep-sea Mining

Mar 31, 2021 at 11:09 | MINING.com

BMW, Volvo, Google and Korean battery maker Samsung SDI, have vowed not…

MBS: Aramco And SABIC To Lead $1.3 Trillion Investment Push

MBS: Aramco And SABIC To Lead $1.3 Trillion Investment Push

Mar 31, 2021 at 09:54 | Irina Slav

Aramco and its subsidiary SABIC will spearhead a $1.3-trillion private investment drive in Saudi Arabia to diversify its economy away from oil, the Kingdom's Crown Prince, Mohammed, announced at a…

Oil Prices Under Pressure As API Reports Inventory Build

Oil Prices Under Pressure As API Reports Inventory Build

Mar 30, 2021 at 15:58 | Julianne Geiger

The American Petroleum Institute (API) reported a build in crude oil inventories of 3.910 million barrels for the week ending March 26. Analysts had predicted a much smaller inventory build…

India Unlikely To Commit To Net-Zero Emissions Target

India Unlikely To Commit To Net-Zero Emissions Target

Mar 30, 2021 at 15:08 | Charles Kennedy

Despite growing international pressure, India is unlikely to commit to carbon neutrality by 2050, government officials have told Reuters. Expecting strong energy demand growth in the coming decades and…

China’s Coal Power Generation Jumps As Electricity Demand Soars

China’s Coal Power Generation Jumps As Electricity Demand Soars

Mar 30, 2021 at 15:05 | Tsvetana Paraskova

China’s coal-fired power generation increased last year as growing electricity demand outpaced the installations of new clean power capacity, making China the only G-20 country with rising coal generation, climate…

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