Citigroup Says 42% of Clients Have No Energy Transition Plan
Despite facing existential threats like…
The U.S. government is investing…
The U.S. shale industry is undergoing a significant overhaul, with a series of announcements from drillers indicating a shift in strategy. U.S. shale companies are set to increase their capital…
Electric vehicle makers have largely relied on aluminum to make their cars lighter in hopes of offsetting the weight of the battery pack and reducing overall weight in order to…
Following a record year for production, deepwater drilling may be bound for another round of investment. All the oil and gas exploration financed in the decade of high prices that…
Since the dissolution of the Eastern Bloc, energy production in Southeast Europe (SEE) has been stymied by chronic underinvestment. As a result, infrastructure in the region is struggling to meet…
Baker Hughes reported a 2-rig decrease to the number of oil and gas rigs this week. The total number of oil and gas rigs now stands at 993, which…
Big banks are still lending colossal sums to “extreme” forms of fossil fuel projects, with lending actually jumping by 11 percent in 2017 compared to the year before. The Paris…
Concho Resources has struck a deal to acquire natural gas peer RSP Permian for US$9.5 billion in an all-stock deal that is the biggest acquisition in the sector since…
Augmented reality and virtual reality technology is expanding beyond gaming and beyond chasing and catching Pokemon. Now, it’s hit the oil industry and aims to save it money. The…
One Canadian province has set its sights on generating almost a third of its electricity from renewable sources by 2030. This will take some US$7.77 billion (C$10 billion) in investments…
Typewriters became obsolete. Therefore, oil will follow a sunset script too. This logic may seem disjointed and even a little pithy, but there are parallels that run far deeper than…
Lithium-air batteries sound too good to be true—using the oxygen available in the air to produce electricity. Theoretically, they could become serious competitors to lithium-ion batteries; but so far, a…
After a surprise 5.32-million-barrel inventory build reported by the American Petroleum Institute (API) weighed on oil prices yesterday, the Energy Information Administration (EIA) is reporting a build of…
After the steady buildup of a burgeoning strategic partnership between the Russian national oil company and Kurdistan’s Regional Government (KRG), the year 2018 threw cold water on the ambitious…
Despite a busy start to the week in oil news, crude prices slipped Monday and Tuesday as traders collecte profits from last week's jump.…
OPEC and Russia are looking to solidify their cooperation on crude oil production for another decade or two, Saudi Crown Prince Mohammed bin Salman told Reuters in an interview…
Diesel-powered passenger vehicle sales are declining in Europe as governments put more pressure on automakers to cut production and sales in the post-Volkswagen diesel emissions cheating scandal landscape. Diesel passenger…
Oil inventories are approaching the five-year average level in OECD countries, the all-important threshold for “re-balancing” the oil market. A year and a half on from OPEC’s original deal to…
The Trump administration is laying the groundwork to gut fuel efficiency standards for U.S. cars and light trucks, one of the signature achievements of the Obama era. The EPA has…
Surging U.S. oil production on the one hand, and the exploration and production companies’ focus on keeping costs in check on the other, have prompted drilling rig makers to shift…
Senior officials with Uzbekistan’s state-run power company have said work has begun on building power cables to Afghanistan that will enable them to increase exports by 70 percent. Uzbekenergo chief…