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Body Heat: A New Source of Energy for Buildings?

Body Heat: A New Source of Energy for Buildings?

Governments and businesses are exploring…

Easing Inflation Sparks Bullish Sentiment in Oil Markets

Easing Inflation Sparks Bullish Sentiment in Oil Markets

Easing Inflation Sparks Bullish Sentiment…

News

Big Oil Is Spending Big On Dividends And Debt, Not Clean Energy

Big Oil Is Spending Big On Dividends And Debt, Not Clean Energy

Aug 11, 2021 at 09:40 | Irina Slav

Big Oil divested assets worth $198 billion in the five years to 2020, BloombergNEF has calculated, but has not used the proceeds to invest in green energy. Instead, the…

Coal Prices Soar As Europe Grapples With Supply Squeeze

Coal Prices Soar As Europe Grapples With Supply Squeeze

Aug 11, 2021 at 09:26 | ZeroHedge

Coal prices in Europe have soared to a nine-year high due to a combination of increasing demand and supply constraints. Prices for front-year coal futures on…

Exxon Continues To Shed Shale Assets

Exxon Continues To Shed Shale Assets

Aug 11, 2021 at 09:02 | Charles Kennedy

ExxonMobil has started marketing gas assets in the Fayetteville Shale in Arkansas, the US supermajor’s spokeswoman Julie King told Reuters on Wednesday. Since before the pandemic, Exxon has been…

Texas Midland Pumped 15% Of All U.S. Crude Oil In 2020

Texas Midland Pumped 15% Of All U.S. Crude Oil In 2020

Aug 10, 2021 at 17:39 | Tsvetana Paraskova

The Midland basin in Texas produced an average of 1.68 million barrels per day (bpd) of crude oil last year, accounting for 15 percent of all crude output in America,…

Big Oil’s Foray Into Green Energy Creates Highly Competitive Market

Big Oil’s Foray Into Green Energy Creates Highly Competitive Market

Aug 10, 2021 at 16:19 | Tsvetana Paraskova

The increased investments of international oil majors in renewable energy projects are diminishing the returns of the pure clean energy firms, especially combined with a surge in raw material prices…

Oil Rises Despite Small Inventory Draws

Oil Rises Despite Small Inventory Draws

Aug 10, 2021 at 15:40 | Julianne Geiger

The American Petroleum Institute (API) on Tuesday reported a draw in crude oil inventories of 816,000 barrels for the week ending August 6, bringing the total 2021 crude draw so…

Pipeline Leak Cuts Libya’s Oil Production By 70,000 Bpd

Pipeline Leak Cuts Libya’s Oil Production By 70,000 Bpd

Aug 10, 2021 at 15:30 | Charles Kennedy

Libya’s crude oil production fell on Monday by 60,000-70,000 barrels per day (bpd) because pumping crude at an oilfield had to be reduced because of a leak in a pipeline,…

Baghdad Says Iran Halted Electricity Exports To Iraq

Baghdad Says Iran Halted Electricity Exports To Iraq

Aug 10, 2021 at 12:46 | Charles Kennedy

Reduced hydropower output in Iran amid a water scarcity has prompted Tehran to suspend electricity exports to neighboring Iraq, which relies on Iranian power and gas supply, Iraq’s Electricity Minister…

India Consider Tax Cuts For Imported EVs

India Consider Tax Cuts For Imported EVs

Aug 10, 2021 at 11:17 | Irina Slav

India is considering tax cuts for imported electric vehicles following lobbying from Tesla, Reuters has reported, citing two senior government officials. According to the sources who wished to remain…

Giving Up Oil Is Impossible: Alberta Premier

Giving Up Oil Is Impossible: Alberta Premier

Aug 10, 2021 at 09:38 | Irina Slav

Giving up oil and other fossil fuels is "patently unrealistic", Alberta Premier Jason Kenney said in comments on the IPCC climate report released yesterday, which warned that humankind's window for…

China Restarts Coal Mines To Keep Up With Power Demand

China Restarts Coal Mines To Keep Up With Power Demand

Aug 10, 2021 at 09:01 | Julianne Geiger

Operations at 53 shuttered coal mines in China will once again come to life, as China struggles to keep up with increased power demand, according to a statement by the…

Iraq, Kurdistan Region Look To Resolve Long-Standing Oil Dispute

Iraq, Kurdistan Region Look To Resolve Long-Standing Oil Dispute

Aug 09, 2021 at 16:15 | Charles Kennedy

The federal government of Iraq and the semi-autonomous region of Kurdistan pledged on Sunday to cooperate in resolving their differences in energy issues, hoping to turn “a new page”…

Insurgents Repelled From TotalEnergies Mozambique LNG Area

Insurgents Repelled From TotalEnergies Mozambique LNG Area

Aug 09, 2021 at 15:35 | Tsvetana Paraskova

Security forces from Rwanda and Mozambique have taken the Mozambican port city of Mocímboa da Praia from insurgents, whose attacks in the area forced France’s giant TotalEnergies to suspend a…

Senate Democrats Aim For $3.5-Trillion Clean Energy, Social Bill

Senate Democrats Aim For $3.5-Trillion Clean Energy, Social Bill

Aug 09, 2021 at 13:10 | Charles Kennedy

Resources to accelerate the energy transition and boost U.S. clean energy manufacturing and transportation are part of a $3.5-trillion budget resolution Senate Democrats announced on Monday, with a view…

China's Oil Imports Rebound In July

China's Oil Imports Rebound In July

Aug 09, 2021 at 11:39 | Irina Slav

After falling to a 2021 low in June, crude oil imports to China began to recover last month as refineries exited maintenance season. Average daily imports stood at 10.07 million…

Rural U.S. Falls Behind With Energy Transition

Rural U.S. Falls Behind With Energy Transition

Aug 09, 2021 at 10:45 | Charles Kennedy

Electric cooperatives are still relying on coal for about a third of their output, the Wall Street Journal has reported, citing the latest data, for 2019. Co-ops, which serve some…

UN Report Issues “Code Red” On Climate Change

UN Report Issues “Code Red” On Climate Change

Aug 09, 2021 at 09:44 | Tsvetana Paraskova

The much-publicized goal of limiting global warming to 2 degrees Celsius above pre-industrial levels will be beyond reach unless the world makes immediate, rapid, and large-scale reductions in greenhouse gas…

African Oil Producers Struggle To Raise Oil Production As Investment Lags

African Oil Producers Struggle To Raise Oil Production As Investment Lags

Aug 06, 2021 at 15:28 | Tsvetana Paraskova

Sub-Saharan Africa, especially its largest oil producers Nigeria and Angola, will struggle to raise oil output through the middle of this decade, as international majors are shifting their investment priorities,…

China Starts Constructing $17-Billion Nuclear Power Plant

China Starts Constructing $17-Billion Nuclear Power Plant

Aug 06, 2021 at 15:24 | Tsvetana Paraskova

China started this week construction work on a new US$17-billion nuclear power plant project, for which it will install Russian nuclear reactors at the Xudabao project in northeastern China,…

China Doubles Down On Renewables Expansion

China Doubles Down On Renewables Expansion

Aug 06, 2021 at 15:20 | Charles Kennedy

China is requiring its top power companies and local authorities to update the government monthly on the progress they are making with building and installing renewable energy capacity as Beijing…

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