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Nigeria’s Regulator Approves Equinor's and Eni’s Oil Asset Sales

Nigeria’s Regulator Approves Equinor's and Eni’s Oil Asset Sales

Jul 04, 2024 at 07:07 | Tsvetana Paraskova

Following months of delays, Nigeria’s upstream regulator has approved oil asset sales of Eni and Equinor to local firms as international majors look to divest Nigerian operations.    The Nigerian…

Saudi Aramco to Supply Clean Energy Solutions to China

Saudi Aramco to Supply Clean Energy Solutions to China

Jul 04, 2024 at 05:51 | Tsvetana Paraskova

Saudi Aramco looks to work on low-carbon energy solutions with China in addition to its crude oil supply and petrochemicals ventures in the world’s top oil importer, the Saudi oil…

Energy in the EU Will Remain Expensive Under Net-Zero Scenario

Energy in the EU Will Remain Expensive Under Net-Zero Scenario

Jul 04, 2024 at 04:29 | Irina Slav

Energy will remain expensive in the European Union even under a best-case net-zero scenario, the bloc’s business association, BusinessEurope, has warned. According to a study by the association, electricity prices…

Saudi Aramco Bids for Australian Energy Major

Saudi Aramco Bids for Australian Energy Major

Jul 04, 2024 at 03:23 | Irina Slav

Saudi Aramco is considering a takeover bid for Australian energy major Santos, Bloomberg has reported, citing unnamed sources, who also said the UAE’s Adnoc was also studying an…

India Solar Power Output Growth Slows as Coal Generation Jumps

India Solar Power Output Growth Slows as Coal Generation Jumps

Jul 04, 2024 at 01:57 | Irina Slav

Growth in power generation from solar installations in India declined over the first half of the year while coal generation rose by 10.4% in the period. Solar output growth was…

U.S. Oil Exports to Europe Fell to a Two-Year Low in June

U.S. Oil Exports to Europe Fell to a Two-Year Low in June

Jul 04, 2024 at 01:42 | Irina Slav

Crude oil exports from the United States to Europe declined in June, hitting the lowest in two years. This is according to data from Kpler that Reuters cited…

Google’s Emissions Have Surged Nearly 50% Due to AI Energy Demand

Google’s Emissions Have Surged Nearly 50% Due to AI Energy Demand

Jul 03, 2024 at 12:50 | Alex Kimani

Google’s greenhouse gas emissions have climbed over 48% since 2019, with the search giant’s increasing dependency on AI in its data centers dramatically increasing its power consumption.  In the company’s

Shell Begins Perdido Evacuation As Hurricane Beryl Threatens Operations

Shell Begins Perdido Evacuation As Hurricane Beryl Threatens Operations

Jul 03, 2024 at 11:39 | Charles Kennedy

Shell announced on Wednesday that it had safely paused some drilling operations in the Gulf of Mexico as Hurricane Beryl was preparing to deliver a massive blow to Jamaica, Reuters…

Russia’s Oil Revenues Jumped 50% Year-on-Year in June

Russia’s Oil Revenues Jumped 50% Year-on-Year in June

Jul 03, 2024 at 10:47 | Charles Kennedy

Higher prices for Russia’s flagship crude grade Urals boosted the Russian government's revenues from oil in June with proceeds rising by nearly 50% from a year earlier, Bloomberg

Kazakhstan Exceeded Its OPEC+ Oil Output Quota in June

Kazakhstan Exceeded Its OPEC+ Oil Output Quota in June

Jul 03, 2024 at 09:19 | Charles Kennedy

Editor's Note: Price data on Kazakhstan's CPC crude grade can now be found on our oil prices pageNon-OPEC producer Kazakhstan, which is part…

Talent Shortage Threatens Europe’s Nuclear Renaissance

Talent Shortage Threatens Europe’s Nuclear Renaissance

Jul 03, 2024 at 08:17 | Charles Kennedy

As many countries in Europe look to boost their nuclear power capacities and build more reactors, companies face a workforce challenge as many of the skilled force are retiring while…

Nigeria Declares Oil Sector Emergency Amid Efforts to Boost Production

Nigeria Declares Oil Sector Emergency Amid Efforts to Boost Production

Jul 03, 2024 at 07:06 | Tsvetana Paraskova

Nigeria’s national oil company NNPC Ltd has declared a state of emergency on production in Nigeria’s oil and gas industry as Africa’s largest oil producer struggles to boost output.…

New Field Starts Oil Production in U.S. Gulf of Mexico

New Field Starts Oil Production in U.S. Gulf of Mexico

Jul 03, 2024 at 05:59 | Tsvetana Paraskova

The Winterfell development in the U.S. Gulf of Mexico has started up oil production, one of the partners in the oilfield, Kosmos Energy, said on Wednesday. Winterfell, located in…

India’s Coal Production Jumped by 14% in June

India’s Coal Production Jumped by 14% in June

Jul 03, 2024 at 05:03 | Tsvetana Paraskova

India’s coal production jumped by 14.5% from a year earlier to 84.63 million tons in June, provisional government figures showed, as the world’s second-largest coal consumer presses ahead…

Hyundai and LG Energy Launch Indonesia’s First EV Battery Factory

Hyundai and LG Energy Launch Indonesia’s First EV Battery Factory

Jul 03, 2024 at 03:57 | Tsvetana Paraskova

Indonesia’s first production plant for battery cells for electric vehicles was officially launched on Wednesday by South Korean carmaker Hyundai Motor Group and battery manufacturer LG Energy Solution as…

Saudi Arabia's Non-Oil Activity Growth Slows Down

Saudi Arabia's Non-Oil Activity Growth Slows Down

Jul 03, 2024 at 02:20 | Irina Slav

Growth in non-oil business activity in Saudi Arabia has slowed down to the lowest in two and a half years, based on the latest PMI data from the kingdom. The…

Refiner Owned by Billionaire Icahn Bids for Citgo Shares

Refiner Owned by Billionaire Icahn Bids for Citgo Shares

Jul 03, 2024 at 01:44 | Charles Kennedy

CVR Energy, a refining company owned by Carl Icahn, is among the bidders for shares in the parent company of Citgo, PDV Holding, Reuters has reported, citing unnamed…

Oil Jumps on Significant Crude Inventory Draw

Oil Jumps on Significant Crude Inventory Draw

Jul 02, 2024 at 15:49 | Julianne Geiger

Crude oil inventories in the United States fell by 9.163 million barrels for the week ending June 28, according to The American Petroleum Institute (API), after analysts had expected a…

OPEC’s Oil Production Continues to Rise Despite OPEC+ Pledges

OPEC’s Oil Production Continues to Rise Despite OPEC+ Pledges

Jul 02, 2024 at 13:26 | Charles Kennedy

Higher production in Nigeria and Iran boosted OPEC’s oil production in June for a second month in a row, according to the monthly Reuters survey published on Tuesday. OPEC’s…

U.S. Drivers Could See The Lowest July 4 Gasoline Prices Since 2021

U.S. Drivers Could See The Lowest July 4 Gasoline Prices Since 2021

Jul 02, 2024 at 11:52 | Charles Kennedy

The U.S. national average price of gasoline on July 4 is expected at $3.49 per gallon, which would be the lowest price on Independence Day since 2021, fuel-savings platform GasBuddy 

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