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Caspian Power Trio Aims to Electrify the European Union

Caspian Power Trio Aims to Electrify the European Union

Azerbaijan, Kazakhstan, and Uzbekistan plan…

India Faces Major Summer Power Shortage

India Faces Major Summer Power Shortage

India is bracing for its…

Energy / Energy-General

AI, Bitcoin And Clean Energy Boom Are Straining U.S. Power Supply

Mar 12, 2024 at 09:09 | Alex Kimani

The tech world is currently living through the Fourth Industrial Revolution as Artificial Intelligence (AI), cryptocurrencies and clean energy have emerged as some of the biggest secular megatrends of our…

China Buys Up Russian Crude Shunned by India

Mar 12, 2024 at 06:27 | Tsvetana Paraskova

Stranded cargoes of Russia’s Sokol crude, previously headed to India but idled off South Korea and Singapore since the U.S. stepped up sanctions enforcement, have started to make their way…

Europe’s Secret Weapon In Its Energy War With Russia

Mar 11, 2024 at 16:04 | Charles Kennedy

If Germany fails to make up for its winding down of Russian natural gas imports, high-priced LNG imports, delayed nuclear power phaseout, and even restarting of dormant coal plants will…

Saudi Aramco Hikes 2023 Dividend To $98 Billion Despite Lower Profit

Mar 11, 2024 at 09:36 | Tsvetana Paraskova

Saudi Arabia is receiving record income from its cash cow, the state oil giant Aramco, which raised its total 2023 dividend payment by 30% to nearly $98 billion.     Saudi…

China's EV Exports Soar Despite Domestic Sales Slowdown

Mar 11, 2024 at 09:21 | ZeroHedge

Just when you thought the EV market couldn't get more saturated or competitive in China, sales have once again slowed and the country's market leader, BYD, is once…

Gartner Research: EVs Will Be Cheaper To Produce Than ICE Vehicles In 3 Years

Mar 08, 2024 at 15:11 | Alex Kimani

For many years, electric vehicle critics have been pessimistic that EVs will ever go mainstream because they, have argued, will always be more expensive than fossil fuel-powered vehicles. Market…

Oil Industry Consolidation in the Legislative Spotlight

Mar 08, 2024 at 14:52 | Irina Slav

U.S. oil and gas companies spent a combined $250 billion in mergers and acquisitions last year. More than half of that came from just two megadeals: Exxon's acquisition of…

U.S. Oil, Gas Drilling Activity Dips

Mar 08, 2024 at 12:12 | Julianne Geiger

The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday. The total…

Saudi Arabia and UAE Look To Extract Lithium from Oilfield Brine

Mar 08, 2024 at 10:48 | Charles Kennedy

Saudi Aramco and Abu Dhabi National Oil Company (ADNOC), the state oil giants of two of OPEC’s top producers, are in very early stages of working to extract lithium from…

Biofuels Market Booms as Demand Exceeds Pre-Pandemic Levels

Mar 08, 2024 at 09:26 | Felicity Bradstock

Biofuels are expected to play a major role in the global green transition, helping to power and decarbonise planes, ships and industry. These low-carbon fuels can be used to fill…

New Lithium Ion Conductor Redefines Solid-State Battery Design

Mar 08, 2024 at 09:16 | Brian Westenhaus

University of Liverpool researchers have discovered a solid electrolyte material that rapidly conducts lithium ions. The discovery of new Li ion conductor unlocks a new…

Oil Prices Remain Rangebound Despite Extension of OPEC+ Cuts

Mar 08, 2024 at 08:28 | Michael Kern

Oil prices have remained largely rangebound over the last month as bullish and bearish factors continue to counterbalance each other. 

BP Awards New Chief £8 Million After Stellar 2023 Performance

Mar 08, 2024 at 08:07 | City A.M

The head of UK supermajor BP paid chief executive Murray Auchincloss £8m for 2023 on the back of a better-than-expected year. Figures published by the oil…

Iran's Oil Production Rises Despite Sanctions

Mar 08, 2024 at 06:25 | Editorial Dept

1. Guyana Takes Over European Oil Markets - Guyanese crude exports to Europe hit an all-time high in…

The U.S. Is Ready to Reimpose Sanctions on Venezuela

Mar 08, 2024 at 02:26 | Editorial Dept

Venezuela has announced an election date - July 28 - and Maduro is the only candidate, with a return of U.S. sanctions at stake. Maduro banned the only…

Israel Expects to Remain in Gaza for 10 Years

Mar 08, 2024 at 02:23 | Editorial Dept

Politics, Geopolitics & Conflict Lithuanian intelligence summarized by the Institute for the Study of War assessed that Russia is capable of maintaining its current momentum in the near term and…

OPEC+ Boosts Oil Prices But Downside Risk Remains

Mar 08, 2024 at 02:21 | Editorial Dept

April West Texas Intermediate (WTI) crude oil futures have seen varied movements in the past week, influenced by a range of global factors. The interplay of U.S. crude inventories, OPEC+…

2 Companies That Could Help Europe Win Its Energy War With Russia

Mar 07, 2024 at 14:15 | Michael Kern

Natural gas is now back in fashion in a very big way and the new mantra is that domestic sources in combination with renewable energy are the only true answer…

Big Oil Sees 30% Drop in Profits from Record 2022 Levels

Mar 07, 2024 at 13:23 | Irina Slav

Supermajors had a record-shattering financial year in 2022. To the invariable chagrin of their governments, all of the big international oil companies made the most money in their history thanks…

Texas Wildfires Underscore Increasing Risk for Utilities

Mar 07, 2024 at 10:54 | Leonard Hyman & William Tilles

Warren Buffett fretted, in his annual report, that wildfires threatened his electric utility investments. He specifically cited the stock price carnage experienced by two US utilities, Pacific Gas & Electric…

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