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Can EV Batteries Get Any Cheaper?

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News

Trump Administration Holds Its Last Offshore Oil Auction

Trump Administration Holds Its Last Offshore Oil Auction

Nov 18, 2020 at 13:27 | Tsvetana Paraskova

The Bureau of Ocean Energy Management (BOEM) is holding on Wednesday the last offshore lease sale for the year and the last such lease sale under the current U.S.…

Oil Majors Look To Bolster Security In Nigeria Amid Protests

Oil Majors Look To Bolster Security In Nigeria Amid Protests

Nov 18, 2020 at 10:01 | Tsvetana Paraskova

Major oil companies have asked local authorities to boost surveillance on oil-producing and oil and infrastructure assets in Nigeria amid escalating protests against police brutality and plans for oil job…

Indigenous Group Pours C$1B Into Keystone XL

Indigenous Group Pours C$1B Into Keystone XL

Nov 18, 2020 at 09:33 | Irina Slav

A Canadian indigenous group has struck a deal with TC Energy to invest some $763. 77 million (C$1 billion) in the controversial Keystone XL, which Joe Biden has said he…

Oil Prices Under Pressure After API Reports Crude Inventory Build

Oil Prices Under Pressure After API Reports Crude Inventory Build

Nov 17, 2020 at 15:48 | Julianne Geiger

The American Petroleum Institute (API) reported on Tuesday a build in crude oil inventories of 4.174 million barrels for the week ending November 13. Analysts had predicted an inventory build…

India Urges Oil Firms To Consider Foreign Partners To Boost Production

India Urges Oil Firms To Consider Foreign Partners To Boost Production

Nov 17, 2020 at 14:38 | Charles Kennedy

India’s oil and gas companies should consider selling stakes in their exploration acreage to foreign companies with the technology to tap more oil and gas resources, India’s Oil Minister Dharmendra…

Exxon’s Deepest Guyana Oil Well Disappoints

Exxon’s Deepest Guyana Oil Well Disappoints

Nov 17, 2020 at 14:06 | Charles Kennedy

After a series of major oil discoveries offshore Guyana, ExxonMobil and partners found that the deepest well drilled so far offshore the Latin American country did not have commercial potential…

COVID-19 Takes Major Toll On Australian Oil & Gas Jobs

COVID-19 Takes Major Toll On Australian Oil & Gas Jobs

Nov 17, 2020 at 11:29 | Rystad Energy

The Covid-19 pandemic hit Australia’s already declining oil and gas workforce hard, causing a loss of over 28,000 jobs this year, equivalent to a quarter of the country’s total count,…

Equinor Sees COVID Accelerating Peak Oil Demand To 2027-2028

Equinor Sees COVID Accelerating Peak Oil Demand To 2027-2028

Nov 17, 2020 at 10:37 | Tsvetana Paraskova

Slower demand growth due to the pandemic and a drop in global oil supply due to low investments could result in peak oil demand 2-3 years sooner than an earlier…

Tesla Stock Soars After S&P 500 Addition

Tesla Stock Soars After S&P 500 Addition

Nov 17, 2020 at 09:02 | Charles Kennedy

Tesla will join the S&P 500 index in December after reporting five consecutive quarterly profits. "Tesla Inc. (NASD:TSLA) will be added to the S&P 500 effective prior to the open…

OPEC+ Meeting Concludes With Support For Cut Extension

OPEC+ Meeting Concludes With Support For Cut Extension

Nov 16, 2020 at 17:31 | Julianne Geiger

OPEC+’s technical meeting finished on Monday with widespread support for a three-month extension of the current level of oil production cuts, sources told Reuters on Monday. OPEC sources hinted last…

Sudan To Offer 27 Oil Concessions In Global Bidding Round

Sudan To Offer 27 Oil Concessions In Global Bidding Round

Nov 16, 2020 at 15:23 | Charles Kennedy

The government of Sudan plans to offer to investors concessions of 27 oil blocks in the country via a global bid, Acting Energy Minister Kheiri Abdelrahman told a local television…

Oil & Gas Discoveries Resilient In 2020 Despite Pandemic

Oil & Gas Discoveries Resilient In 2020 Despite Pandemic

Nov 16, 2020 at 14:00 | Tsvetana Paraskova

Despite delays in drilling campaigns and reduced exploration budgets due to COVID-19, the volume of oil and gas discoveries globally is set to reach 10 billion barrels of oil equivalent…

U.S. Natural Gas Stocks Close To Record-High At Refill Season End

U.S. Natural Gas Stocks Close To Record-High At Refill Season End

Nov 16, 2020 at 12:33 | Charles Kennedy

Natural gas inventories in the United States ended the injection season between April and October 2020 close to the all-time high from 2016, the Energy Information Administration (EIA) said…

Michigan Order Enbridge To Shut Down Line 5

Michigan Order Enbridge To Shut Down Line 5

Nov 16, 2020 at 10:47 | Charles Kennedy

Michigan’s Governor Gretchen Whitmer and the director of the state’s Department of Natural Resources have revoked Enbridge’s easement for the operation of the twin Line 5 pipeline, citing repeated…

Twitter Blocks Iran Oil Minister's Account

Twitter Blocks Iran Oil Minister's Account

Nov 16, 2020 at 09:28 | Charles Kennedy

Twitter has blocked the official account of Bijan Zanganeh, the Petroleum Minister of Iran, IRNA has reported. The U.S. government slapped sanctions Ion Zanganeh in late October, as part…

OPEC+ Compliance With Cuts At 101% Ahead Of Crucial Meetings

OPEC+ Compliance With Cuts At 101% Ahead Of Crucial Meetings

Nov 13, 2020 at 17:28 | Charles Kennedy

The OPEC+ group complied 101 percent with the oil production cuts in October, keeping a high level of conformity ahead of the crucial meetings over the next two weeks, which…

Libya’s Oil Production Exceeds 1.2 Million Bpd

Libya’s Oil Production Exceeds 1.2 Million Bpd

Nov 13, 2020 at 17:01 | Charles Kennedy

Oil production in Libya has already exceeded 1.2 million barrels per day (bpd), a source in Libya’s oil industry told Reuters on Friday, while this faster-than-expected output resumption could…

The Price Of Permian Acreage Has Slumped By 67% After Oil Price Crash

The Price Of Permian Acreage Has Slumped By 67% After Oil Price Crash

Nov 13, 2020 at 13:19 | Tsvetana Paraskova

Due to the oil price collapse earlier this year, the price for drilling rights in the Permian basin has plunged by 67 percent since 2018, setting the stage for more…

PDVSA Chief Goes to Russia To

PDVSA Chief Goes to Russia To "Deepen Ties"

Nov 13, 2020 at 10:47 | Charles Kennedy

The head of Venezuela's state oil company PDVSA, Asdrubal Chavez, and Venezuelan vice-president and economy minister Delcy Rodriguez are visiting Russia today to "deepen strategic alliances," Reuters reported, citing…

Enbridge Gets More Permits For Line 3

Enbridge Gets More Permits For Line 3

Nov 13, 2020 at 09:33 | Irina Slav

Enbridge received a set of permits from Minnesota regulators that will allow it to push ahead with its Line 3 replacement project, the Minnesota Pollution Control Agency said. The…

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