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Energy Efficiency is Critical for a Sustainable Future

Energy Efficiency is Critical for a Sustainable Future

Governments must prioritize energy efficiency…

News

Unlit Gas Flares Cause Worst Methane Leaks

Unlit Gas Flares Cause Worst Methane Leaks

Sep 26, 2019 at 09:28 | Irina Slav

Unlit gas flares are the cause of the worst methane leaks produced by the energy industry, data from a Canadian methane monitoring company GHGSat Inc has suggested. Bloomberg cites…

US Slaps More Sanctions On Venezuela, But Cuba Continues To Get Some Oil

US Slaps More Sanctions On Venezuela, But Cuba Continues To Get Some Oil

Sep 25, 2019 at 17:53 | Julianne Geiger

The United States may have added more sanctions on vessels carrying crude oil and other petroleum products from Venezuela earlier this week, but PDVSA—Venezuela’s state-run oil company—is still shipping crude…

U.S. Oil Drillers Dial Back Activity In Very Volatile Market  

U.S. Oil Drillers Dial Back Activity In Very Volatile Market  

Sep 25, 2019 at 17:49 | Julianne Geiger

Oil and gas activity in the United States is slowing even in some of the most prolific regions, as oil producers undergo some spending-belt tightening to stay a step ahead…

Protests Threaten Norway’s Onshore Wind Power Growth

Protests Threaten Norway’s Onshore Wind Power Growth

Sep 25, 2019 at 16:27 | Tsvetana Paraskova

Western Europe’s largest oil producer, Norway, is currently reviewing its regulatory framework for new onshore wind developments amid protests against wind turbine installations in some parts of the country…

U.S. Gasoline Prices See Biggest Weekly Rise In Two Years

U.S. Gasoline Prices See Biggest Weekly Rise In Two Years

Sep 25, 2019 at 13:44 | Tsvetana Paraskova

In the aftermath of the attacks on Saudi oil, the U.S. average retail gasoline price jumped by more than 10 cents per gallon between September 16 and September 23—the largest…

Saudi Aramco Poised To Announce IPO Plan In October

Saudi Aramco Poised To Announce IPO Plan In October

Sep 25, 2019 at 12:20 | Tsvetana Paraskova

Amid reports that Saudi Arabia has moved to speed up the listing of its oil giant Aramco and amid conflicting reports about the impact of the attacks on…

Mexican President Slams Predecessor’s Energy Reform

Mexican President Slams Predecessor’s Energy Reform

Sep 25, 2019 at 10:46 | Irina Slav

Mexico’s President Andres Manuel Lopez Obrador has slammed the energy sector reform that his predecessor, Enrique Pena-Nieto, enacted when he took office, saying that it failed to result in any…

Asia To Lead 50% Rise In Global Energy Use By 2050

Asia To Lead 50% Rise In Global Energy Use By 2050

Sep 25, 2019 at 09:03 | Tsvetana Paraskova

The world’s energy consumption is set to increase by almost 50 percent until 2050, driven by developing countries in Asia, the U.S. Energy Information Administration (EIA) said in its…

Surprise Crude Build Pushes Oil Prices Further Down

Surprise Crude Build Pushes Oil Prices Further Down

Sep 24, 2019 at 16:02 | Julianne Geiger

The American Petroleum Institute (API) has estimated a surprise crude oil inventory build of 1.38 million barrels for the week ending September 19, compared to analyst expectations of a

Alberta’s ‘’Turn Off The Taps Bill’ Suspended In Blow To Alberta’s Oil Industry

Alberta’s ‘’Turn Off The Taps Bill’ Suspended In Blow To Alberta’s Oil Industry

Sep 24, 2019 at 14:13 | Julianne Geiger

Alberta’s “Turn Off The Taps” Bill, also known as Bill 12 and the Preserving Canada’s Economic Prosperity Act, has been dealt a blow in court on Tuesday in what is…

FERC Warns A Gas Pipeline Attack Could Cause Mass Blackouts

FERC Warns A Gas Pipeline Attack Could Cause Mass Blackouts

Sep 24, 2019 at 13:00 | Tsvetana Paraskova

An attack on a single natural gas pipeline in the United States could lead to mass blackouts, Neil Chatterjee, chairman of the Federal Energy Regulatory Commission (FERC), told CNN…

CNOOC To Begin Deepwater Gas Production In South China Sea In 2021

CNOOC To Begin Deepwater Gas Production In South China Sea In 2021

Sep 24, 2019 at 11:57 | Tsvetana Paraskova

China National Offshore Oil Corporation (CNOOC) targets its deepwater natural gas project Lingshui 17-2 in the South China Sea to begin producing natural gas at the end of 2021, a…

Russia Signs Paris Agreement,  Adopts Emissions Law By End-2020

Russia Signs Paris Agreement, Adopts Emissions Law By End-2020

Sep 24, 2019 at 10:45 | Irina Slav

Russia will have a law on emissions by the end of 2020, the country’s climate envoy Ruslan Edelgeriev said as quoted by TASS. Edelgeriev spoke to the news agency…

Korea’s Kogas Buys More US LNG In Supply Deal With BP

Korea’s Kogas Buys More US LNG In Supply Deal With BP

Sep 24, 2019 at 09:39 | Irina Slav

South Korea’s Kogas has struck a deal with BP for the supply of 1.58 million tons of U.S. liquefied natural gas annually over a period of 15 years, starting in…

Bankers To Get In On IPO Despite Aramco Attacks

Bankers To Get In On IPO Despite Aramco Attacks

Sep 23, 2019 at 17:59 | Julianne Geiger

A little more than a week has past since the attacks on Saudi Aramco took offline more than 5 million barrels per day, but Crown Prince Mohammed bin Salman and…

Texas Promotes Pure Permian Crude Oil To Overseas Buyers

Texas Promotes Pure Permian Crude Oil To Overseas Buyers

Sep 23, 2019 at 17:14 | Tsvetana Paraskova

As the U.S. is growing its crude oil exports and more pipelines begin shipping Permian crude straight to export facilities in Texas, producers and traders of U.S. crude may…

Banks Holding $47 Trillion Assets Sign Up To Climate Action

Banks Holding $47 Trillion Assets Sign Up To Climate Action

Sep 23, 2019 at 13:41 | Tsvetana Paraskova

A third of the world’s banks, worth a total of US$47 trillion in assets, committed on Sunday to align their business to the Paris Climate Agreement, in the biggest…

Iran: Seized UK-Flagged Oil Tanker “Free To Leave”

Iran: Seized UK-Flagged Oil Tanker “Free To Leave”

Sep 23, 2019 at 10:14 | Tsvetana Paraskova

The British-flagged oil tanker Stena Impero, which Iran seized in the middle of July in the Strait of Hormuz, is now “free to leave Iran,” Iranian government spokesman Ali Rabiyee…

World Leaders Issue Statement Supporting Libyan NOC’s Legitimacy

World Leaders Issue Statement Supporting Libyan NOC’s Legitimacy

Sep 23, 2019 at 09:35 | Irina Slav

The U.S, the UK, France, Italy, Germany and the UAE have issued a joint statement in recognition of the National Oil Corporation of Libya as “the country’s sole independent, legitimate…

Houthis: We Will Stop Saudi Attacks If Kingdom Agrees To Stand Down In Yemen

Houthis: We Will Stop Saudi Attacks If Kingdom Agrees To Stand Down In Yemen

Sep 20, 2019 at 17:41 | Julianne Geiger

The attacks on Saudi soil with drones and ballistic missiles will stop, the Houthis have vowed, if Saudi Arabia will stop its airstrikes over Yemen, according to Bloomberg, who…

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