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Energy / Energy-General

Global Supply Chain Woes Likely To Worsen On Chinese Lockdowns

May 03, 2022 at 09:19 | ZeroHedge

Whenever the trucking market slows, truck drivers look for someone to blame. Normally, a slowdown is just a function of supply and demand. The market has too much…

Upstream Oil Industry To See Highest Profits Ever In 2022

May 03, 2022 at 09:04 | Rystad Energy

Public exploration and production (E&P) companies are on track to shatter previous record profits this year as high oil and gas prices and surging demand drive financial success.…

The U.S. Shale Patch Is Facing A Plethora Of Problems

May 02, 2022 at 11:48 | David Messler

There is a fairly blithe assumption in government circles that shale production can be raised at will. That assumption is about to be put to the test as…

How 3D Printers Could Transform The Energy Industry

May 02, 2022 at 09:21 | Felicity Bradstock

The potential for 3D printing in the energy industry is gradually becoming clear. After years of encouraging oil and gas majors to adopt the technology for on-site additive…

The War In Ukraine Has Stalled Global Efforts To Cut Emissions

May 02, 2022 at 09:18 | Tsvetana Paraskova

The Russian invasion of Ukraine is upending global energy markets and short-term efforts to reduce emissions.  The ongoing frantic search for non-Russian energy supply,…

The Inevitable Decline Of Russia’s Oil Industry 

May 02, 2022 at 07:18 | Rystad Energy

Despite the severe oil production cuts expected in Russia this year, tax revenue will increase significantly to more than $180 billion due to the spike in oil prices,…

The Staggering Speed Of ADNOC’s Energy Diversification

Apr 29, 2022 at 12:41 | Cyril Widdershoven

Abu Dhabi’s national oil company ADNOC is implementing its diversification plans at a staggering speed. Recently, it announced new major renewable energy projects and investments worldwide, and now…

The Rig Count Climbs As Markets Clamor For More Oil

Apr 29, 2022 at 12:36 | Julianne Geiger

The number of total active drilling rigs in the United States rose by 3 this week, after an increase of 2 rigs in the week prior, according to new data…

Demand Destruction Is Delaying An Oil Supply Crisis

Apr 29, 2022 at 11:01 | Josh Owens

Oil prices are on course for a fifth straight monthly increase despite significant demand destruction in China, a trend that highlights just how big the current supply problem is.

Big Oil Wants A Piece Of The Electric Vehicle Pie

Apr 29, 2022 at 10:25 | Felicity Bradstock

Although electric vehicles (EVs) may appear to be the last thing the oil and gas industry would desire, energy firms are investing heavily in EV technologies, not wanting…

China Is Racing To Control The Global EV Supply Chain

Apr 29, 2022 at 10:21 | ZeroHedge

Competition between the United States and China in the realms of electric and autonomous vehicles could determine the future control of global supply chains in an unprecedented way, according to…

Exxon And Chevron Post Blockbuster Earnings As Oil Prices Soar

Apr 29, 2022 at 09:55 | Tsvetana Paraskova

U.S. supermajors ExxonMobil and Chevron reported on Friday strong earnings for the first quarter as oil and gas prices surged after Russia invaded Ukraine. ExxonMobil (NYSE: XOM) doubled its…

The Criminals Undercutting Nigeria’s Oil Industry

Apr 28, 2022 at 12:41 | Felicity Bradstock

Illegal refineries have been plaguing Nigeria for years. The government has repeatedly tried to curb clandestine refining activities and has reduced the number of operations substantially in recent…

Middle East’s Diesel Exports To Europe Soar As Russian Supply Slumps

Apr 28, 2022 at 10:21 | Tsvetana Paraskova

Some of the biggest crude oil exporters in the Middle East are significantly raising their diesel exports to Europe, which is scrambling for fuel amid a massive crunch after Russia…

Rising Food And Fuel Prices Could Cripple Global Economic Growth

Apr 28, 2022 at 09:32 | Tsvetana Paraskova

Russia’s war in Ukraine has resulted in the steepest rise in energy prices in nearly 50 years and the largest increase in food prices in 14 years, causing…

U.S. Recession Fears May Be Overblown

Apr 28, 2022 at 09:11 | Stuart Burns

Recession fears have so far been focused largely on the US. However, a recent note from Capital Economics to their clients predicts that…

Why The EU Needs To Unleash Oil Sanctions On Russia

Apr 27, 2022 at 13:29 | Cyril Widdershoven

Oil markets are on edge over the possibility of new EU sanctions on Russian crude oil and petrochemical products. European public opinion is demanding a much tougher stance…

Carbon Capture Capacity Is Soaring But We Still Need More

Apr 27, 2022 at 11:23 | Rystad Energy

As the energy transition quickens, global carbon capture, utilization, and storage (CCUS) projects are on track to pull more than 550 million tonnes of CO2

Russian Hackers Are Targeting Europe's Renewable Energy Infrastructure

Apr 27, 2022 at 11:17 | Tsvetana Paraskova

Cyberattacks have hit at least three wind power firms in Germany in the two months since Russia invaded Ukraine. A European wind power industry association says the timing…

EU Pledges Coordinated Response To Russian Gas “Blackmail”

Apr 27, 2022 at 09:32 | Tsvetana Paraskova

The European Union is working to ensure alternative gas supply and pledges a coordinated response to Gazprom’s announcement it had stopped gas flows to Poland and Bulgaria, European Commission President…

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