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India Ratchets Up Its Renewable Energy Installations

India Ratchets Up Its Renewable Energy Installations

India has ratcheted up renewable energy installations…

Russia's LNG Expansion Plans Hit the Wall

Russia's LNG Expansion Plans Hit the Wall

The Kremlin has set an…

News

Oil & Gas Share Of Russia’s GDP Dropped To 15% In 2020

Oil & Gas Share Of Russia’s GDP Dropped To 15% In 2020

Jul 13, 2021 at 14:16 | Charles Kennedy

The share of the oil and gas industry in Russia’s economy declined to 15 percent in 2020, down from 19.2 percent in 2019, according to a first such assessment…

IEA: Global Refining Throughput To Jump This Summer

IEA: Global Refining Throughput To Jump This Summer

Jul 13, 2021 at 11:27 | Tsvetana Paraskova

Global refining throughput is set to jump this summer to meet rebounding demand, the International Energy Agency (IEA) said on Tuesday. Refinery runs globally surged by as much as…

Shipping Firms Look To Prevent Illicit Ship-To-Ship Oil Transfers

Shipping Firms Look To Prevent Illicit Ship-To-Ship Oil Transfers

Jul 13, 2021 at 10:19 | Tsvetana Paraskova

The world’s largest shipping companies have strengthened their regulations and scrutiny to avoid becoming unwittingly involved in illicit ship-to-ship transfers of crude oil, especially out of Iran and Venezuela which…

Yellen Urges Development Banks To Stop Fossil Fuel Funding

Yellen Urges Development Banks To Stop Fossil Fuel Funding

Jul 13, 2021 at 08:45 | Julianne Geiger

U.S. Treasury Secretary Janet Yellen is prepared to gather together the heads of development banks to persuade them to stop fossil fuel project funding, according to Bloomberg. The Treasury…

U.S. Oil Industry Sees More M&A Dealmaking As Prices Rise

U.S. Oil Industry Sees More M&A Dealmaking As Prices Rise

Jul 12, 2021 at 14:36 | Tsvetana Paraskova

The strong rally in commodity prices and the recovery in share prices in the second quarter of 2021 marked the return of many energy mergers and acquisitions in the U.S.…

Private Investors Shun India’s Coal Projects

Private Investors Shun India’s Coal Projects

Jul 12, 2021 at 12:32 | Tsvetana Paraskova

India’s Coal Ministry has received bids from private investors for just 19 out of the 67 coal mines it had put up for an auction to private investors, the ministry…

Energy Executives Dominate Houston’s Highest Earners List

Energy Executives Dominate Houston’s Highest Earners List

Jul 12, 2021 at 10:38 | Tsvetana Paraskova

More than half of Houston’s ten highest-paid corporate executives in 2020 were managers of companies in the oil and gas industry, the Houston Chronicle reports. Six out of the…

Foreign Oil Companies Hopeful After Mexican Mid-Term Election

Foreign Oil Companies Hopeful After Mexican Mid-Term Election

Jul 12, 2021 at 09:15 | Charles Kennedy

Nationalization fears for foreign oil companies were slightly calmed this weekend, following initial results from Mexico’s Sunday mid-term elections in which the ruling coalition looks set to lose its…

Brazil Plans To Be 5th-Largest Crude Exporter By 2030

Brazil Plans To Be 5th-Largest Crude Exporter By 2030

Jul 09, 2021 at 16:13 | Tsvetana Paraskova

Brazil’s expected oil output surge this decade will make it the world’s fifth-largest crude exporter in 2030, Brazilian Mines and Energy Minister Bento Albuquerque said in an interview with

Canada’s Oil Sands Need $60 Billion To Achieve Net-Zero Emissions

Canada’s Oil Sands Need $60 Billion To Achieve Net-Zero Emissions

Jul 09, 2021 at 15:02 | Tsvetana Paraskova

Canada will need as much as US$60 billion (C$75 billion) to make its oil sands operations net-zero emission businesses by 2050, top executives at the biggest oil firms told

Angola Kicks Oil Privatization Into Overdrive

Angola Kicks Oil Privatization Into Overdrive

Jul 09, 2021 at 11:29 | Irina Slav

Angola is seeking buyers for state insurer ENSA as part of a privatization drive that also includes the partial sale of state oil major Sonangol. The aim of the government…

Nio Plans 4,000 Battery-Swapping Stations By 2025

Nio Plans 4,000 Battery-Swapping Stations By 2025

Jul 09, 2021 at 10:22 | Charles Kennedy

Chinese electric car maker Nio plans to build 4,000 battery-swapping stations worldwide by 2025, Reuters has reported, citing the company’s president Qin Lihong. Battery swapping is emerging as a…

U.S., Colombian ‘Hit Squad’ Assassinated Haiti’s President

U.S., Colombian ‘Hit Squad’ Assassinated Haiti’s President

Jul 09, 2021 at 08:54 | Tsvetana Paraskova

Two U.S. citizens are among the 17 people detained in Haiti on suspicion of involvement in a hit squad of “mercenaries” that assassinated Haitian president Jovenel Moise earlier this week,…

India’s New Oil Minister To Focus On Boosting Production

India’s New Oil Minister To Focus On Boosting Production

Jul 08, 2021 at 17:29 | Charles Kennedy

India’s newly appointed Petroleum Minister, Hardeep Singh Puri, plans to…

$70 Oil Isn’t Enough To Stabilize Iraq Right Now: Moody’s

$70 Oil Isn’t Enough To Stabilize Iraq Right Now: Moody’s

Jul 08, 2021 at 14:48 | Charles Kennedy

Iraq’s economy will strengthen this year as a result of higher oil prices but this will not be enough to stabilize it over the long term, according to Moody’s. The…

Argentina To Sanction Oil Firms Drilling Off Disputed Falklands

Argentina To Sanction Oil Firms Drilling Off Disputed Falklands

Jul 08, 2021 at 14:35 | Tsvetana Paraskova

Argentina is looking to impose sanctions on UK and Israeli oil firms for what it claims are illegal drilling activities off the Falkland Islands, a UK-run territory that has been…

Hydrogen Wars: The UAE And Saudi Arabia Are Battling For Dominance

Hydrogen Wars: The UAE And Saudi Arabia Are Battling For Dominance

Jul 08, 2021 at 12:00 | Tsvetana Paraskova

Abu Dhabi National Oil Company (ADNOC) is in discussions with energy firms about stakes in projects, investments, and long-term contracts in the hydrogen industry, Bloomberg reports, citing sources familiar…

Senior U.S. And Saudi Officials Meet Amid OPEC+ Impasse

Senior U.S. And Saudi Officials Meet Amid OPEC+ Impasse

Jul 08, 2021 at 10:32 | Tsvetana Paraskova

Senior officials in the Biden Administration met this week with a younger brother of Saudi Arabia’s Crown Prince Mohammed bin Salman in what was the first officially acknowledged high-level meeting…

US Embassy Targeted On Third Day Of Attacks in Iraq

US Embassy Targeted On Third Day Of Attacks in Iraq

Jul 08, 2021 at 09:26 | Tsvetana Paraskova

The U.S. Embassy in Baghdad’s Green Zone was the target of a rocket attack early on Thursday as tensions in Iraq escalate with daily attacks on U.S. troops and personnel…

Ship Explosion Rocks Dubai Port

Ship Explosion Rocks Dubai Port

Jul 07, 2021 at 16:22 | Charles Kennedy

Local media have reported a large explosion at the Port of Jebel outside of Dubai, in the United Arab Emirates, with the Dubai government confirming a fire on a container…

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