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Energy / Energy-General

The Permian Is A Double-Edged Sword For Oil Majors

Feb 28, 2019 at 13:13 | Nick Cunningham

The oil majors are scrambling to scale up their shale operations, and they are quickly becoming the most dominant producers in the shale sector, despite having arrived late to the…

Are Semi-Solid State Batteries A Gamechanger?

Feb 28, 2019 at 13:10 | Irina Slav

The EV battery race intensified this week with the announcement that a startup financially supported by the U.S. Department of Energy had released a lithium ion battery that stores…

Why Iran Fears The New Oil Order

Feb 28, 2019 at 11:04 | Vanand Meliksetian

The fundamentals of the oil market have changed significantly over the decades since the inception of the Organization of Petroleum Exporting Countries. Although the cartel’s oil production has increased over…

China Becomes Hub For EV Sales

Feb 28, 2019 at 09:08 | Jon LeSage

China has become the hub for global electric vehicle sales, taking half the market share last year. CBS News’ “60 Minutes” just broadcasted an in-depth look at the market…

Shale Growth Is Nearing An Inflection Point

Feb 27, 2019 at 17:03 | Nick Cunningham

Drilling activity has plateaued in much of the U.S., with the rig count zig-zagging well below the peak from last November. The rig count often rises and falls in response…

Saudi Aramco CEO Rebukes Peak Oil Demand ‘Hype’

Feb 27, 2019 at 16:20 | Tsvetana Paraskova

“I am not losing any sleep over ‘peak oil demand’ or ‘stranded resources’,” Amin Nasser, the chief executive of Saudi Arabia’s oil giant Saudi Aramco, said in a speech…

The Fully Digital Oilfield Is Almost Here

Feb 27, 2019 at 16:10 | Irina Slav

When a few years ago media began calling data the new oil, it was because some pretty direct parallels could be drawn between Big Oil and Big Tech. These…

Has Trump Overplayed His Hand With Saudi Arabia?

Feb 27, 2019 at 13:57 | Tim Daiss

Last year, President Donald Trump successfully convinced Saudi Arabia to help keep a lid on global oil prices by ramping up production. The Saudis acquiescence to Trump’s tweets at the…

UAE To Build World’s Largest Underground Oil Storage Facility

Feb 27, 2019 at 13:35 | Tsvetana Paraskova

The Abu Dhabi National Oil Company (ADNOC) and South Korea’s SK Engineering and Construction Co. Ltd (SKEC) signed an agreement on Wednesday to build the world’s single largest underground…

Middle East Oil Kingdoms Grapple With New Crisis

Feb 27, 2019 at 13:16 | Tsvetana Paraskova

Ever since oil was first discovered in the Middle East in the 1930s, the monarchies in the Persian Gulf have generously subsidized energy and utilities costs for the population. While…

Technical Issues Wreak Havoc On Crude Futures

Feb 27, 2019 at 12:47 | Editorial Dept

One gets very accustomed to good things and it is certainly true for daring presidential tweets, impossible to discern whether it is a genuine emotional outburst or an irregular thought-out…

Natural Gas Prices To Remain Low… For Now

Feb 27, 2019 at 10:25 | Nick Cunningham

The U.S. suffered though multiple bouts of severe cold in the last few weeks, but the weather has done very little to rescue low natural gas prices. Henry Hub gas…

BP CEO Dudley: U.S. Shale Is ‘A Market Without A Brain’

Feb 26, 2019 at 13:02 | Tsvetana Paraskova

The U.S. shale industry responds only to oil price signals and is like “a market without brain”, BP’s chief executive Bob Dudley said on Tuesday. “The U.S. is the…

Oil Inches Higher Ahead Of Inventory Data

Feb 26, 2019 at 11:20 | Tom Kool

Oil prices opened the week lower after U.S. President Donald Trump asked OPEC to ‘’take it easy’’ on the production cuts, but recovered somewhat on Tuesday morning

Wall Street Loses Faith In Shale

Feb 25, 2019 at 16:39 | Nick Cunningham

To Wall Street, the shale industry has lost a lot of its allure. A decade’s worth of promises have failed to materialize, and Big Finance is cutting some of its…

Empty Supertankers Speak Volumes About The Oil Market

Feb 25, 2019 at 14:20 | ZeroHedge

As the U.S. battles with its OPEC+ rivals over the direction of global oil prices (Trump wants to keep oil prices subdued, while Saudi Arabia and Russia, reeling from years…

U.S. Production Of This Alternative Fuel Is About To Surge

Feb 25, 2019 at 10:57 | Tsvetana Paraskova

The United States is set to significantly increase its capacity to produce alternative transportation fuel over the next two years. New plants designed to produce methanol out of natural gas…

The $32 Trillion Push To Disrupt The Entire Oil Industry

Feb 22, 2019 at 17:18 | Cyril Widdershoven

Global oil and gas companies are increasingly facing an uphill battle as global warming policies are taking their toll. Most analysts and market watchers are focusing on peak oil demand…

Against The Odds, Big Oil Doubles Down On Megaprojects

Feb 22, 2019 at 17:18 | Nick Cunningham

The global oil industry is expected to ratchet up spending on new oil and gas projects this year, with the number of new final investment decisions (FIDs) soaring compared to…

China’s Supergrid Faces One Major Problem

Feb 22, 2019 at 17:17 | Irina Slav

China’s renewable power generation capacity—including hydro—reached over 38 percent of total newly installed capacity at the end of last year. The country is clearly the world leader in wind and…

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