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America's Infrastructure Crisis Is Growing Increasingly Dire

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Despite promises of improved infrastructure…

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Get Ready For The Energy Price Shock

Natural gas supply concerns continue…

News

Aramco Wins Guyana Oil Tender

Aramco Wins Guyana Oil Tender

Sep 08, 2021 at 09:13 | Irina Slav

Saudi Aramco has won a tender for the purchase of crude oil from Guyana and will likely enter into a one-year deal for the marketing of the commodity, Reuters reports,…

Key Oil-Producing State In Nigeria Could Return To COVID Lockdown

Key Oil-Producing State In Nigeria Could Return To COVID Lockdown

Sep 07, 2021 at 12:09 | Tsvetana Paraskova

The gateway to the oil-rich Delta region in Nigeria could soon find itself under a renewed lockdown to battle rising COVID cases, the governor of the Rivers State says.…

Russia Says Ukraine Organized Gas Pipeline Attack In Crimea

Russia Says Ukraine Organized Gas Pipeline Attack In Crimea

Sep 07, 2021 at 11:37 | Charles Kennedy

Russia accused on Tuesday Ukraine’s military intelligence of having organized an attack on a natural gas pipeline in Crimea at the end of last month, in another escalation of tensions…

Coal Power Plants In Southeast Europe Responsible For Thousands Of Deaths

Coal Power Plants In Southeast Europe Responsible For Thousands Of Deaths

Sep 07, 2021 at 10:10 | Charles Kennedy

Excessive sulfur dioxide emissions from coal-fired power plants in the Western Balkans resulted in the death of more than ten thousand people, more than half of them living in the…

Mexican President Wants To Use IMF Funds To Pay Huge Pemex Debt

Mexican President Wants To Use IMF Funds To Pay Huge Pemex Debt

Sep 07, 2021 at 08:48 | Irina Slav

Mexico’s president, Andres Manuel Lopez Obrador, has suggested that his government may use funds from the International Monetary Fund to pay off some of state energy giant Pemex’s massive debt,…

Europe’s High Energy Prices Are Just The Beginning

Europe’s High Energy Prices Are Just The Beginning

Sep 06, 2021 at 15:41 | Julianne Geiger

European energy prices might be at record levels, but there is still room for prices to run, according to a Bloomberg analysis. Of course, natural gas prices are soaring everywhere—not…

Russia Says Nord Stream 2 To Become Operational In Days

Russia Says Nord Stream 2 To Become Operational In Days

Sep 06, 2021 at 14:33 | Tsvetana Paraskova

The Nord Stream 2 natural gas pipeline from Russia to Germany is set to be completed within days and come on stream, Russia’s Foreign Minister Sergey Lavrov said on…

Hurricane Ida Has Led To Largest Ever Initial Oil Output Loss In Gulf

Hurricane Ida Has Led To Largest Ever Initial Oil Output Loss In Gulf

Sep 06, 2021 at 13:34 | Tsvetana Paraskova

Hurricane Ida has led to the largest-ever initial loss of crude oil production in the U.S. Gulf of Mexico from a hurricane in the ten days since the first platforms…

Gazprom Neft Switches To Yuan Payments In China

Gazprom Neft Switches To Yuan Payments In China

Sep 06, 2021 at 12:44 | Tsvetana Paraskova

Gazprom Neft, the oil arm of Russian gas giant Gazprom, is starting to settle payments for the jet fuel it supplies in China in yuan, instead of in U.S. dollars,…

ADNOC To List Drilling Unit In Large IPO

ADNOC To List Drilling Unit In Large IPO

Sep 06, 2021 at 11:26 | Charles Kennedy

ADNOC Drilling, the unit of Abu Dhabi National Oil Company (ADNOC), intends to list at least 7.5 percent of its shares in an initial public offering that could become of…

TotalEnergies Splurges $27 Billion On Iraqi Oil And Solar Projects

TotalEnergies Splurges $27 Billion On Iraqi Oil And Solar Projects

Sep 06, 2021 at 09:38 | Irina Slav

TotalEnergies has inked a deal with the Iraqi government to invest $27 billion in the country's energy industry over 15 years, the Wall Street Journal has reported, citing unnamed…

Broken Pipeline Caused Oil Spill In Gulf

Broken Pipeline Caused Oil Spill In Gulf

Sep 06, 2021 at 08:59 | Irina Slav

A split pipeline in the Gulf of Mexico is what has caused an oil spill after Hurricane Ida, the Associated Press has reported, citing divers at the site. According…

$14 Billion ‘Ill-Spent’ On Development Projects In Nigeria’s Oil Region

$14 Billion ‘Ill-Spent’ On Development Projects In Nigeria’s Oil Region

Sep 03, 2021 at 15:42 | Charles Kennedy

Nigeria has failed to adequately implement and deliver thousands of projects—funded with $14 billion—to help the social, economic, and infrastructure development of the oil-rich but impoverished Niger Delta region, Nigeria’s…

COVID-Driven Oxygen Shortage Causes Texas Refinery To Partly Shut Down

COVID-Driven Oxygen Shortage Causes Texas Refinery To Partly Shut Down

Sep 03, 2021 at 15:22 | Tsvetana Paraskova

Citgo is shutting down for four days parts of its refinery in Corpus Christi, Texas, due to a shortage of oxygen, which is needed at hospitals as COVID cases surge.…

Goldman: UK Set To Announce Billions Of U.S. Dollars To Support Climate Goals

Goldman: UK Set To Announce Billions Of U.S. Dollars To Support Climate Goals

Sep 03, 2021 at 15:13 | Charles Kennedy

The UK could announce next month billions of U.S. dollars of additional spending on supporting its net-zero targets as part of a broad budget of $83 billion (£60 billion), Goldman…

Norway's Wealth Fund Drops Indian Oil Firm ONGC From Portfolio

Norway's Wealth Fund Drops Indian Oil Firm ONGC From Portfolio

Sep 03, 2021 at 09:37 | Tsvetana Paraskova

The world's largest sovereign wealth fund, Norway's $1.4 trillion Government Pension Fund Global (GPFG), is excluding India state firm Oil and Natural Gas Corporation Limited (ONGC) from its portfolio…

Papua New Guinea Rejects Private Bid For New Gas Field

Papua New Guinea Rejects Private Bid For New Gas Field

Sep 03, 2021 at 09:19 | Tsvetana Paraskova

Papua New Guinea has granted a license to a state-owned company to develop a gas field, preferring to keep control and income from the resources within the government rather than…

Russia Says Its Offshore Arctic Has Oil And Gas Reserves For Centuries

Russia Says Its Offshore Arctic Has Oil And Gas Reserves For Centuries

Sep 02, 2021 at 16:24 | Tsvetana Paraskova

Russia will not run out of oil and gas anytime soon—its offshore Arctic resources alone could last for decades and even centuries, according to Russian Deputy Prime Minister Alexander Novak.…

Russia’s Oil Production To Drop By Just 1% This Year

Russia’s Oil Production To Drop By Just 1% This Year

Sep 02, 2021 at 16:20 | Charles Kennedy

Russia’s oil production this year is expected to be 1 percent lower compared to 2020, in view of the OPEC+ agreement, Energy Minister Nikolai Shulginov said on Thursday. Russian…

Crude Breaks $70 Resistance Level, Here’s What’s Next

Crude Breaks $70 Resistance Level, Here’s What’s Next

Sep 02, 2021 at 15:07 | Julianne Geiger

Crude oil prices have climbed back above $70 in afternoon trade, amid a sharp decline in U.S. crude stockpiles, a weaker dollar and rising optimism on economic recovery,…

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