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The Renewable Energy Boom Has a Waste Problem

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The rapid growth of renewable…

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Energy

Can Carbon Capture Tech Save North Sea Oil Production?

Aug 13, 2021 at 11:20 | Felicity Bradstock

As North Sea oil exploration and production will continue for years to come, oil companies look at ways to reduce emissions following significant criticism from environmentalists. But will…

Oil Prices Resilient Despite Demand Doubts

Aug 13, 2021 at 11:17 | Josh Owens

Despite growing demand fears due to new outbreaks of covid across Asia, oil prices have remained resilient this week.

Asia Buys More U.S. Crude As Middle East Hikes Oil Prices

Aug 13, 2021 at 10:26 | Tsvetana Paraskova

Despite a slowdown in fuel demand due to the Delta variant, Asian refiners have booked more crude oil from the United States for the fourth quarter, taking advantage of the…

Oil Dips As Demand Concerns Grow

Aug 13, 2021 at 10:06 | Tsvetana Paraskova

Oil prices fell for a second consecutive day early on Friday, hit by weakening demand estimates and China closing a key terminal at the third-busiest port in the world.  …

Brazil Soon To Become King Of Offshore Oil

Aug 13, 2021 at 09:27 | Irina Slav

Brazil is on its way toward becoming the biggest supplier of offshore oil globally, contributing some 1.3 million bpd in 2025, World Oil reports, citing a new report by…

Goldman: OPEC+ Unlikely To Open The Taps Despite U.S. Calls

Aug 13, 2021 at 09:06 | Tsvetana Paraskova

OPEC+ is unlikely to respond with increased production to the U.S. calls amid the surging Delta variant, which is set to dampen short-term oil demand, Goldman Sachs says. Earlier…

The Oil & Gas Inflation Trap That No One Wants To Talk About

Aug 12, 2021 at 11:03 | Alex Kimani

President Joe Biden has lately sought to soothe fears that rising inflation could hurt the U.S. recovery and undermine his $4-trillion spending plans. This comes after U.S. inflation…

Venezuela’s Oil Reserves Doomed To Become The World’s Largest Stranded Asset

Aug 12, 2021 at 10:59 | Matthew Smith

The aggressive push to decarbonize the world economy is forcing big oil to examine how the carbon emissions of its operations can be reduced with a goal of…

Oil Could Save Argentina’s Struggling Economy

Aug 12, 2021 at 10:58 | Matthew Smith

The pandemic, social unrest, and substantial fiscal pressures in Buenos Aires are all weighing heavily on Argentina’s petroleum industry and the burgeoning oil…

Europe Could Face A Natural Gas Crisis This Winter

Aug 12, 2021 at 10:54 | ZeroHedge

One week after we first observed the staggering surge in European natural gas prices, those same prices hit a new record high as a slow at first, then…

Uganda’s Oil Boom Is Only Just Beginning

Aug 12, 2021 at 10:51 | Felicity Bradstock

Uganda is set to be a key focus of African Energy Week (AEW) in Cape Town this November, as its flourishing oil industry looks set to boom in…

Why Are Environmentalists Angry About Biden’s Infrastructure Bill?

Aug 12, 2021 at 10:48 | Haley Zaremba

This week the United Nations and the Intergovernmental Panel on Climate Change (IPCC), the world’s leading authority on global warming, released a devastating report

Japan’s Overambitious LNG Targets Could Transform The Industry

Aug 12, 2021 at 10:46 | Rystad Energy

Japan’s recent revision to its Strategic Energy Plan (SEP) lowers the targeted share of liquefied natural gas (LNG) in the country’s power generation mix in 2030 to 20%…

Biden Administration Takes Aim At ‘Soaring’ Gasoline Prices

Aug 12, 2021 at 10:22 | Charles Kennedy

A senior Biden administration official has asked the head of the Federal Trade Commission to look into the possibility of price gouging and other illicit practices that could swell gasoline…

OPEC Sees Oil Demand At 100 Million Bpd Next Year Despite COVID Surge

Aug 12, 2021 at 09:38 | Tsvetana Paraskova

Global oil demand is expected to average 96.6 million barrels per day (bpd) this year and exceed 100 million bpd in the second half of 2022, OPEC said on Thursday,…

Biden Calls For More Oil, But Will OPEC+ Supply It?

Aug 12, 2021 at 09:06 | Irina Slav

OPEC+ has not yet discussed President Biden's call on the cartel to increase oil production in a bid to reduce prices at the pump for American drivers, Russian Sputnik reported,…

The Dawn Of A New Era In Deepwater Drilling

Aug 11, 2021 at 10:33 | David Messler

A new era in deepwater drilling is about to begin. With the sanctioning of the Anchor project super-major operator, Chevron, NYSE: CVX) signaled that it was ready to…

Oil Sands Producers Will Need Federal Support To Go Green

Aug 11, 2021 at 10:24 | Tsvetana Paraskova

Canada’s oil industry, which operates one of the world’s most emission-intensive ways of pumping crude, has recently pledged to work to make the oil sands net-zero emission by…

U.S. Shale Scrambles To Reinvent Itself

Aug 11, 2021 at 10:19 | Tsvetana Paraskova

The U.S. oil industry continues to show capital discipline—a concept that was rather unpopular in the shale patch prior to the 2020 oil crash and crisis. 

Peak Gasoline Demand Forecasts Aren't Scaring Big Oil

Aug 11, 2021 at 09:56 | Alex Kimani

Last week, President Joe Biden came out with an executive order aimed at making half of all new vehicles sold in 2030 electric…

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