Governments must prioritize energy efficiency…
Oil prices surged early on…
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…
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.…
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…
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 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,…
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,…
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 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…
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.
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…
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…
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…
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…
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…
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…
Recession fears have so far been focused largely on the US. However, a recent note from Capital Economics to their clients predicts that…
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…
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
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…
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…