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Namibia Racks Up Another Major Offshore Oil Discovery

Namibia Racks Up Another Major Offshore Oil Discovery

Shares of Portuguese integrated energy…

Trafigura: EVs, AI And Clean Energy to Massively Boost Copper Demand

Trafigura: EVs, AI And Clean Energy to Massively Boost Copper Demand

The electric vehicle, Artificial Intelligence,…

News

Arctic Winter In Texas Prompts Rotating Power Outages

Arctic Winter In Texas Prompts Rotating Power Outages

Feb 15, 2021 at 14:30 | Charles Kennedy

The Electric Reliability Council of Texas (ERCOT) called early on Monday for rotating outages across the state as extreme winter weather forced wind power generating units offline, while electricity demand…

Scientists Use Lithium To Control Heat In Nuclear Fusion Reactors

Scientists Use Lithium To Control Heat In Nuclear Fusion Reactors

Feb 15, 2021 at 11:20 | MINING.com

Researchers at the US Department of Energy’s Princeton Plasma Physics Laboratory have created a…

India Boosts Spot Oil Imports As Major OPEC Producers Cut Supply

India Boosts Spot Oil Imports As Major OPEC Producers Cut Supply

Feb 15, 2021 at 10:26 | Tsvetana Paraskova

The world’s third-largest crude oil importer, India, has been sourcing more and more oil in spot deals with exporters outside of the Middle East after the biggest OPEC producers have…

Shell Shuts Down 310,000 Bpd Deer Park Refinery

Shell Shuts Down 310,000 Bpd Deer Park Refinery

Feb 15, 2021 at 09:31 | Charles Kennedy

Shell has shut down the crude distillation units of its Deer Park refinery due to a malfunction, Reuters has reported, citing unnamed sources familiar with the matter. The two…

Hundreds Of Fuel Tanker Trucks Explode At Iran-Afghanistan Border

Hundreds Of Fuel Tanker Trucks Explode At Iran-Afghanistan Border

Feb 15, 2021 at 08:31 | Irina Slav

Several hundred fuel tanker trucks exploded at the Iranian-Afghan border this Saturday, injuring dozens of people and killing seven, The National reports, adding that the cause of the fire…

Is China Headed To Peak Oil Demand?

Is China Headed To Peak Oil Demand?

Feb 12, 2021 at 17:14 | Tsvetana Paraskova

The world's top oil importer, China, could be just years away from its own peak in domestic demand for oil products, Chinese refiners have started to warn, but consumer preferences…

Nigerians Can Now Sue Shell In The UK For Oil Pollution

Nigerians Can Now Sue Shell In The UK For Oil Pollution

Feb 12, 2021 at 16:24 | Tsvetana Paraskova

Nigerians can sue Shell in English courts for damage to communities caused by oil spills in the Niger Delta, the UK’s Supreme Court said on Friday, allowing the communities…

Utility-Scale Batteries Return 82% Of Stored Electricity

Utility-Scale Batteries Return 82% Of Stored Electricity

Feb 12, 2021 at 11:57 | OPC Markets

The utility-scale batteries operating in the United States had an efficiency of retrieving the stored electricity at 82 percent in 2019, data from the U.S. Energy Information…

China Imports 11.12 Million Bpd Of Oil In January

China Imports 11.12 Million Bpd Of Oil In January

Feb 12, 2021 at 09:59 | Irina Slav

China’s January crude oil imports averaged 11.12 million bpd, according to energy analytics company OilX. This was up by more than 18 percent, or 1.74 million bpd, from the…

Gazprom Plans To Start Nord Stream 2 Gas Pipeline This Year

Gazprom Plans To Start Nord Stream 2 Gas Pipeline This Year

Feb 12, 2021 at 08:42 | Tsvetana Paraskova

Russia's gas giant Gazprom plans to commission the controversial natural gas pipeline Nord Stream 2 this year, Russian news agency TASS reported on Thursday, quoting a presentation of a…

Oil Majors Shell And Marathon Cut Jobs

Oil Majors Shell And Marathon Cut Jobs

Feb 11, 2021 at 17:31 | Julianne Geiger

Marathon Oil and Shell both announced on Thursday that they have cut—or will cut--more jobs, and more oil industry job cuts may be on the horizon. Bowing to the green…

US Sells Seized Iranian Fuel As It Looks To Detain Another Oil Tanker

US Sells Seized Iranian Fuel As It Looks To Detain Another Oil Tanker

Feb 11, 2021 at 16:24 | Tsvetana Paraskova

The United States has completed the sale of 1.116 million barrels of gasoline that Iran tried to ship to Venezuela last year, U.S. Department of Justice spokesman Marc Raimondi told…

Audi Unveils All-Electric Sport Sedan To Rival Tesla Model S 

Audi Unveils All-Electric Sport Sedan To Rival Tesla Model S 

Feb 11, 2021 at 14:21 | Charles Kennedy

Audi unveiled this week its all-electric Audi e-tron GT with a starting price of $100,000, which will go on sale in the U.S. this summer and which industry observers…

Saudi Aramco Looks To Lure Buyers To Pipeline Unit With $10B Loan

Saudi Aramco Looks To Lure Buyers To Pipeline Unit With $10B Loan

Feb 11, 2021 at 11:43 | Charles Kennedy

Saudi Aramco, the world’s biggest oil company, is discussing with banks the idea to offer the potential buyers of its pipeline business a staple financing package of up to US$10…

Mexico's Push For Government Control Could Lead To Sudden Price Hikes

Mexico's Push For Government Control Could Lead To Sudden Price Hikes

Feb 11, 2021 at 09:32 | Irina Slav

A push by the Mexican government to strengthen state control over the energy sector by promoting state-owned companies could result in higher electricity prices, BloombergNEF has warned, as it…

Is This The Carbon Capture Technology Of The Future?

Is This The Carbon Capture Technology Of The Future?

Feb 10, 2021 at 17:55 | Fernando C. Hernandez

As the world increases its Net Zero and decarbonization efforts, many Energy Transition technologies are being introduced to meet the Paris Agreement’s global temperature targets,…

EIA Lifts Oil Price Outlook, Sees WTI Averaging $50 This Year

EIA Lifts Oil Price Outlook, Sees WTI Averaging $50 This Year

Feb 10, 2021 at 17:52 | Charles Kennedy

WTI Crude spot prices are expected to average $50.21 per barrel this year and $51.56 next year, the Energy Information Administration (EIA) said in its monthly Short-Term Energy Outlook…

WoodMac: Global Green Car Sales To Overtake Gas Vehicles Until 2047

WoodMac: Global Green Car Sales To Overtake Gas Vehicles Until 2047

Feb 10, 2021 at 16:05 | Tsvetana Paraskova

Global sales of battery electric vehicles, fuel-cell vehicles, and plug-in hybrids are set to exceed the sales of light-duty vehicles with internal combustion engines for the first time in 2047,…

OPEC+ Won’t Raise Output For Another Month

OPEC+ Won’t Raise Output For Another Month

Feb 10, 2021 at 15:53 | Julianne Geiger

OPEC+ will meet again on March 4, but the group will likely agree to keep the same level of oil production through April 2021, Iraqi Oil Minister Ihsan Abdul-Jabbar said…

Bacanora Lithium Starts Work At Flagship Project In Mexico

Bacanora Lithium Starts Work At Flagship Project In Mexico

Feb 10, 2021 at 13:48 | MINING.com

Exploration and development company Bacanora Lithium (LON:BCN) said on Wednesday it had…

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