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FTC's Attack on Pioneer Sends Ripples Through Shale Industry

FTC's Attack on Pioneer Sends Ripples Through Shale Industry

Bloomberg and the Financial Times are reporting that…

Canada's Oil and Gas Industry Soars to New Heights

Canada's Oil and Gas Industry Soars to New Heights

Canada's oil and gas industry…

Energy

U.S. Oil, Gas Drillers See Continued Slowdown

May 03, 2024 at 12:14 | Julianne Geiger

The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday. The total…

The Race for Green Hydrogen Dominance is Heating Up

May 03, 2024 at 10:26 | Felicity Bradstock

Several regions of the world are battling to achieve green hydrogen dominance by rapidly developing their hydrogen production capacity, transport infrastructure, and hydrogen corridors. While Asia and the Middle East…

U.S. Oil and Gas Production Continues to Shatter Records

May 03, 2024 at 10:22 | Robert Rapier

Last year marked a record for U.S. oil production with an average daily production of 12.93 million barrels per day (BPD). That record…

Developing Nations Look to Balance Oil and Gas Opportunity with Climate Concerns

May 03, 2024 at 10:19 | Felicity Bradstock

As the world focuses on transitioning to green, there are big questions about whether new oil and gas resources should be developed. On the one hand, new oil regions present…

Iran’s “Dark Fleet” of Oil Tankers Continues to Thrive Despite Sanctions

May 03, 2024 at 10:11 | RFE/RL staff

Iran is one of the most sanctioned countries in the world. But restrictions imposed by the United States have largely failed to stymie Iran's oil exports, the backbone…

High Oil Prices Force Biden Admin to Halt SPR Refill Plans

May 03, 2024 at 10:05 | Robert Rapier

Despite indicating they would refill the Strategic Petroleum Reserve (SPR) by the end of this year, the Department of Energy

High Costs Threaten to Derail Europe’s Plans to Decarbonize Steel Industry

May 03, 2024 at 09:58 | Rystad Energy

As the energy transition continues at pace, reducing the carbon footprint of traditionally high-emitting industries is increasingly crucial to limiting global emissions. Of these hard-to-abate sectors, steel manufacturing…

Automotive Industry Grapples with Plummeting Resale Values of EVs

May 03, 2024 at 09:55 | ZeroHedge

Shares in names like VW, Mercedes and Stellantis were lower this week, heading into Wednesday's session, after news of "falling demand" in Europe.  In the first…

Oil Prices Under Pressure as Bearish Sentiment Builds

May 03, 2024 at 09:45 | Michael Kern

Bearish sentiment is building in oil markets after the latest U.S. economic data sparked concerns over demand. Rising oil inventories and a potential cooling in geopolitical tensions only added to the…

Texas Is Preparing for Electricity Demand to Surge

May 03, 2024 at 05:33 | Editorial Dept

1. Shell Remains on the Right Track to Recovery - UK-based energy major Shell was one of the…

Taxing Fossil Fuel Giants Could Generate $900 Billion

May 03, 2024 at 04:59 | Felicity Bradstock

Imposing a tax on big fossil fuel companies could boost climate finance by up to $900 billion by the end of the decade. The International Energy Agency (IEA) has repeatedly…

Russia's Trade Rivalry With China in Central Asia is Heating Up

May 03, 2024 at 04:55 | Eurasianet

It seems that the Kremlin is having a hard time accepting that Russia is playing second fiddle to China when it comes to trade in Central Asia. The reluctance of…

Oil Prices Fall to 7-Week Low as Market Pressures Mount

May 03, 2024 at 04:14 | Editorial Dept

Oil prices have dipped to their lowest levels in nearly two months, with U.S. West Texas Intermediate (WTI) and Brent crude being particularly impacted. These declines reflect a complex interplay…

Iran Claims to Have Expanded Its Axis of Resistance

May 03, 2024 at 04:12 | Editorial Dept

Politics, Geopolitics & Conflict Danish shipping giant Maersk has raised the lower end of its full-year guidance thanks to Houthi attacks that have disrupted Red Sea shipping. Maersk is now…

What’s Next for Big Oil After an Uninspiring Earnings Season?

May 03, 2024 at 04:10 | Editorial Dept

Last week, I wrote that while Q1 profits were expected to be down this year and energy stock prices were higher, that didn’t mean that energy wasn’t a place to…

The Making of a Russo-African Iron Curtain

May 03, 2024 at 04:08 | Editorial Dept

While all attention is on the Middle East and the Russia-Ukraine war, Moscow is securing key venues in Africa while Western nations withdraw or are forced out. Late on Thursday,…

Carbon-Eating Bacteria May Hold The Key To Decarbonization

May 02, 2024 at 15:18 | Tsvetana Paraskova

A U.S.-based biotechnology firm is using carbon-eating bacteria to turn emissions from steel mills, refineries, and other heavily polluting industrial processes into ethanol and chemicals, helping reduce carbon emissions and…

Aramco Leads Oil Industry Investment in AI

May 02, 2024 at 12:13 | Irina Slav

Saudi Aramco is the biggest investor in artificial intelligence in the oil industry. The fact was recently revealed in a report by GlobalData, which also showed the Saudi state…

Cash-flush Oil Industry Has Less Appetite For Debt

May 02, 2024 at 11:08 | Irina Slav

Last year, profits in the oil industry were noticeably lower than in the previous year. Pretty much everyone in oil and gas booked a decline in the bottom line…

Fossil Fuel Companies Face Mounting Legal Challenges

May 02, 2024 at 08:59 | Felicity Bradstock

A wide range of organisations and communities are battling against oil majors and winning, as governments worldwide start putting the environment first. In the last few years, the number of…

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