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Lithium Faces Challenge From Sodium Batteries

Lithium Faces Challenge From Sodium Batteries

Lithium-ion has been the dominant…

Egypt Eyes Large Role in Green Hydrogen Production

Egypt Eyes Large Role in Green Hydrogen Production

Egypt’s rich solar and wind…

Will Big Oil See Better Earnings In Q2?

Will Big Oil See Better Earnings In Q2?

The energy sector has underperformed…

News

Greenland Ditches Oil Exploration Efforts After 50 Years Of Failure

Greenland Ditches Oil Exploration Efforts After 50 Years Of Failure

Jul 16, 2021 at 10:35 | Tsvetana Paraskova

Greenland is abandoning its ambition of 50 years of becoming an oil-producing nation, suspending its oil exploration strategy because of environmental and climate concerns. Greenland, an autonomous territory part of…

Angola Receives 45 Bids For Oil Blocks

Angola Receives 45 Bids For Oil Blocks

Jul 16, 2021 at 09:29 | Irina Slav

Angola has received 15 bids for a total of nine oil blocks the government tendered in 2020, Energy Voice reports, citing the Africa Energy Chamber as saying that 15…

Mexico's State-Run Oil Trader Bans New Business With Trafigura

Mexico's State-Run Oil Trader Bans New Business With Trafigura

Jul 15, 2021 at 16:12 | Julianne Geiger

The commercial arm of the state-run oil giant in the world's fourth-largest oil products importer has banned any new business with global commodity trader Trafigura AG, according to documents seen…

EU Court Says Russia Should Limit Gas Supply To Europe

EU Court Says Russia Should Limit Gas Supply To Europe

Jul 15, 2021 at 15:28 | Charles Kennedy

The Court of Justice of the European Union upheld on Thursday a lower tribunal's ruling which had said that Russia's access to the OPAL gas pipeline should be limited.…

China & Nord Stream-2 Top Agenda As Biden Meets Merkel

China & Nord Stream-2 Top Agenda As Biden Meets Merkel

Jul 15, 2021 at 13:13 | ZeroHedge

Serious differences over China and the Nord Stream-2 Russia to Germany natural gas pipeline are expected to be high on the agenda as President Joe Biden hosts…

IEA: Renewables Growth Can’t Meet Surging Electricity Demand

IEA: Renewables Growth Can’t Meet Surging Electricity Demand

Jul 15, 2021 at 10:28 | Tsvetana Paraskova

Global power demand is rising so fast this year after the 2020 slump that even the continued strong growth of renewable electricity generation will not be enough to meet it,…

Iran To Resume Nuclear Talks After New Government Is Formed

Iran To Resume Nuclear Talks After New Government Is Formed

Jul 15, 2021 at 09:32 | Irina Slav

Iran will not return to the negotiating table with the United States until it forms a new government, The Washington Post has reported, citing U.S. government officials. The new…

The OPEC+ Stalemate Isn't Over Just Yet

The OPEC+ Stalemate Isn't Over Just Yet

Jul 14, 2021 at 17:34 | Julianne Geiger

The battle over oil production quotas within OPEC+ is not yet resolved, according to an official statement from the UAE, although some earlier reports suggested that this was so. But…

U.S. Looks To Slash Long-Duration Energy Storage Costs By 90% By 2030

U.S. Looks To Slash Long-Duration Energy Storage Costs By 90% By 2030

Jul 14, 2021 at 16:07 | Charles Kennedy

The U.S. Department of Energy announced on Wednesday a new goal to support the increased rollout of more wind and solar power in the grid by reducing the cost…

Nigeria May Finally Approve New Oil Bill After 2 Decades Of Work

Nigeria May Finally Approve New Oil Bill After 2 Decades Of Work

Jul 14, 2021 at 13:55 | Charles Kennedy

Africa's largest oil producer and exporter, Nigeria, is expected to pass its new petroleum bill—twenty years in the making—as early as Wednesday, despite last-minute amendments that have created some controversy.…

Countering China’s Dominance In The Rare Earths Sector

Countering China’s Dominance In The Rare Earths Sector

Jul 14, 2021 at 13:09 | Metal Miner

Energy Fuels Inc. and Neo Performance Materials Inc. announced that they have executed the first shipment of mixed rare earth carbonate from a…

EU Proposes Jet Fuel Tax In Latest Ambitious Climate Package

EU Proposes Jet Fuel Tax In Latest Ambitious Climate Package

Jul 14, 2021 at 12:29 | Tsvetana Paraskova

The European Commission unveiled on Wednesday its latest plan to support the European Union in becoming a carbon-neutral bloc by 2050 and slash net greenhouse gas emissions by at…

Shell's Brazilian JV Seeks $13.5 Billion Valuation In IPO

Shell's Brazilian JV Seeks $13.5 Billion Valuation In IPO

Jul 14, 2021 at 11:41 | Charles Kennedy

A joint venture between Royal Dutch Shell and Brazil’s Cosan is seeking a valuation of up to $13.5 billion (70 billion reais) when it lists on the Brazilian stock exchange,…

U.S. Waives Sanctions On Frozen Iranian Oil Funds

U.S. Waives Sanctions On Frozen Iranian Oil Funds

Jul 14, 2021 at 09:33 | Irina Slav

The United States has decided to temporarily waive sanctions on Iranian oil funds abroad but without returning Tehran's access to its bank accounts in Japan and South Korea. "Allowing…

Oil Falls Slightly Despite Crude Draw

Oil Falls Slightly Despite Crude Draw

Jul 13, 2021 at 15:53 | Julianne Geiger

xThe American Petroleum Institute (API) on Tuesday reported a draw in crude oil inventories of 4.079 million barrels for the week ending July 9, bringing the total 2021 crude draw…

The World’s First Small Nuclear Reactor Is Now Under Construction

The World’s First Small Nuclear Reactor Is Now Under Construction

Jul 13, 2021 at 14:22 | Charles Kennedy

China National Nuclear Corporation (CNNC) launched on Tuesday the construction of the first onshore small nuclear reactor in the world, in its efforts to gain a leading position in the…

Saudis Set To Stick To Spending Discipline Even If Oil Prices Rise

Saudis Set To Stick To Spending Discipline Even If Oil Prices Rise

Jul 13, 2021 at 14:20 | Tsvetana Paraskova

The world’s largest oil exporter, Saudi Arabia, is expected to keep its careful government spending policy this year, regardless of how high oil prices would go, a senior official at…

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…

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