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Energy

Underinvestment In Oil And Gas May Cause Major Problems

Jan 26, 2021 at 17:04 | Tsvetana Paraskova

Following an unpredictable and shocking 2020, stability and sustainability are set to be the two major themes in the oil and gas industry this year. Companies in the…

Which Chinese EV Stocks Are Worth Betting On?

Jan 26, 2021 at 15:40 | Alex Kimani

After a bright start earlier in the month, the oil price rally appears to have once again run out of steam thanks to an old nemesis threatening to overrun China…

Egypt And Israel Look To Capitalize On Natural Gas Resources

Jan 26, 2021 at 15:28 | Vanand Meliksetian

The Eastern Mediterranean in a decade went from an 'empty sea' towards one of the most promising new frontiers of the global oil and gas industry. The Levant basin contains…

IMF Sees Oil Prices Averaging $50 In 2021

Jan 26, 2021 at 14:59 | Tsvetana Paraskova

Oil prices are set to average $50 per barrel for 2021, rising by 20 percent from the average last year, but still well below the average for 2019, the International…

U.S. Oil Bankruptcies To Fall As Prices Stabilize

Jan 26, 2021 at 13:25 | Rystad Energy

The combined debt of North American E&P and oilfield service companies that filed for Chapter 11 bankruptcy protection last year jumped to $102 billion, surpassing the $100 billion mark for…

Oil Price Rally Stalls On Chinese Covid Concerns

Jan 26, 2021 at 12:20 | Tom Kool

Investor Alert: Oilfield service giants are looking like an increasingly good investment as oil prices rebound. Read our latest Global Energy Alert investment column to…

Game-changing Iranian Pipeline Set To Launch In March

Jan 26, 2021 at 11:50 | Simon Watkins

The geopolitically game-changing Goreh-Jask pipeline project saw a major advance last week with the commencement last week of offshore pipe-laying operations. The implementation of this operation markets the first stage…

Oil Rises As Physical Market Tightens

Jan 26, 2021 at 10:48 | Tsvetana Paraskova

Oil prices rose early on Tuesday amid signs that the physical supply of crude will tighten over the first quarter and counter concerns about slow vaccine rollouts and Chinese lockdowns.…

Chevron Could Be Key To Rebuilding Venezuela’s Oil Industry

Jan 26, 2021 at 09:21 | Matthew Smith

Despite outside assistance from Russia, China and Iran, the embattled socialist regime of President Maduro has proven incapable of rebuilding Venezuela’s once-mighty petroleum industry. According to the latest…

Saudi Arabia Is On The Brink Of Losing Control Of Oil Markets

Jan 25, 2021 at 17:04 | Irina Slav

When earlier this month Saudi Arabia served “a wonderful surprise” to oil markets in the words of its energy minister, oil prices jumped up. After all, the Kingdom said it…

Shell Buys UK’s Top EV Charging Network

Jan 25, 2021 at 16:57 | Tsvetana Paraskova

Shell is buying ubitricity, the European provider of on-street charging for electric vehicles (EVs) that has the largest public EV charging network in the UK, the supermajor said on…

The 5 Best Utility Stocks In 2021

Jan 25, 2021 at 16:28 | Alex Kimani

The average U.S. investor has been giving the energy sector a wide berth over the past half a decade due to perennial underperformance. Indeed, the energy sector has been a…

The Surprising Rise And Fall Of A Shale Superstar

Jan 25, 2021 at 15:51 | Haley Zaremba

In many ways, the roller-coaster-like trajectory of Vicki Hollub’s shale CEO career is emblematic of the boom-and-bust, spectacularly dramatic history of the West Texas Permian basin as a…

An Oil Boom Hidden Within One Of America’s Biggest Cities

Jan 25, 2021 at 15:04 | Felicity Bradstock

When you think of giant oil fields you probably conjure up an image of vast areas of land or sea suitable for digging. However, Los Angeles demonstrates that…

U.S. Shale Industry Accelerates As Oil Prices Rise

Jan 25, 2021 at 13:25 | Rystad Energy

The number of drilled but uncompleted wells (DUCs) that accumulated at the height of the pandemic has already subsided to pre-Covid-19 levels in the US, a Rystad Energy analysis shows.…

Why Gazprom Cut Gas Supply To Europe Amid Rising Prices

Jan 25, 2021 at 12:50 | Tatiana Serova

Soaring natural gas prices in European markets could be seen as a boon for Russian giant Gazprom to increase its gas exports towards the Old Continent. But instead, somewhat surprising,…

All Eyes Are On This Crucial Pipeline After KeystoneXL Got Axed

Jan 25, 2021 at 11:56 | Tsvetana Paraskova

The Trans Mountain expansion project has just become the most important oil pipeline project in Canada after U.S. President Joe Biden stopped the U.S.-Canada cross-border link Keystone XL. The expansion…

Barclays: WTI To Average $52 In 2021

Jan 25, 2021 at 11:02 | Tsvetana Paraskova

Barclays expects the U.S. oil benchmark, WTI Crude, to average $52 per barrel in 2021, raising its outlook by $2 a barrel due to a weaker U.S. dollar and…

Oil Major BP Significantly Downsizes Oil Exploration Division

Jan 25, 2021 at 10:01 | Tsvetana Paraskova

As part of its ambition to reduce oil and gas production and raise investments in clean energy, BP has been cutting staffing levels at its oil and gas exploration division…

Iraq Slashes Oil Output To Compensate For Overproduction

Jan 25, 2021 at 09:05 | Irina Slav

Iraq will pump less oil this month and next to make up for excess production last year, the deputy chief of SOMO, the oil marketing company of Baghdad. For both…

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