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News

Libya’s Oil Output Hits 1 Million Bpd

Libya’s Oil Output Hits 1 Million Bpd

Nov 09, 2020 at 09:24 | Irina Slav

Libya’s crude oil production topped 1 million bpd, the National Oil Corporation said this weekend, although it added this level of production may not be sustainable. “It is worth mentioning…

UK Warning Highlights Energy Storage Importance To Renewables

UK Warning Highlights Energy Storage Importance To Renewables

Nov 06, 2020 at 14:42 | Tsvetana Paraskova

The United Kingdom, which has recently set a record for wind power meeting its demand, issued a security of supply alert earlier this week as wind power output was low…

Coal Consumption In U.S. Electricity Sector Plunges 30%

Coal Consumption In U.S. Electricity Sector Plunges 30%

Nov 06, 2020 at 14:27 | Charles Kennedy

Competition from record-low natural gas prices and reduced power demand in the lockdown in the spring sent coal consumption in the U.S. power sector down by 30 percent in the…

Alberta Strikes Methane Emissions Deal With Federal Government

Alberta Strikes Methane Emissions Deal With Federal Government

Nov 06, 2020 at 13:13 | Tsvetana Paraskova

Alberta has reached an agreement with Canada’s federal government to have its own provincial regulation on methane emissions, which will save the energy industry money and avoid red tape, the…

Colorado Takes Aim At Oil, Gas Well Flaring

Colorado Takes Aim At Oil, Gas Well Flaring

Nov 06, 2020 at 11:04 | Irina Slav

Colorado energy regulators have voted for a curtailment of gas flaring at oil and gas production sites, limiting approved flaring to just a few circumstances, the Colorado Sun reports,…

Trump Replaces FERC Chairman In Surprise Move

Trump Replaces FERC Chairman In Surprise Move

Nov 06, 2020 at 09:33 | Charles Kennedy

President Donald Trump surprised many this week with the removal of Neil Chatterjee from the post of chairman of the Federal Energy Regulatory Commission. Chatterjee was replaced by the other…

From Billions To Millions: Canada's Offshore Oil Disappointment

From Billions To Millions: Canada's Offshore Oil Disappointment

Nov 05, 2020 at 17:52 | Julianne Geiger

The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) announced disappointing results this week from its call for bids on offshore oil parcels, according to a press release. Of the…

India Wants OPEC To Fix Asian Oil Pricing Anomaly

India Wants OPEC To Fix Asian Oil Pricing Anomaly

Nov 05, 2020 at 14:32 | Charles Kennedy

India wants OPEC to review its pricing policies for the Asian market and end the premium it puts on its crude for Asia, Indian Oil Minister Dharmendra Pradhan said at…

Turkey Expands Gas Drilling In The Black Sea

Turkey Expands Gas Drilling In The Black Sea

Nov 05, 2020 at 11:59 | Charles Kennedy

After announcing a major natural gas discovery in the Black Sea earlier this year, Turkey has started drilling for gas at a second location in the sea, Turkish Energy and…

Tesla To Build Even Bigger Battery In Australia

Tesla To Build Even Bigger Battery In Australia

Nov 05, 2020 at 10:49 | Irina Slav

Tesla plans to build a 300-MW/450-MWh battery storage system in Victoria, Australia, three times bigger than the once biggest battery the company had constructed, also in Australia. The new…

Apache To Drill New Well Offshore Suriname

Apache To Drill New Well Offshore Suriname

Nov 05, 2020 at 09:31 | Charles Kennedy

Despite the industry-wide downturn, Apache Corp plans to drill a fifth well in Block 58 offshore Suriname, the company said in its third-quarter financial report, as the Houston-based oil…

Election 2020: Climate Change Won’t Be Part Of Texas Oil Regulator’s Agenda

Election 2020: Climate Change Won’t Be Part Of Texas Oil Regulator’s Agenda

Nov 04, 2020 at 17:10 | Julianne Geiger

In a sweeping victory for America’s oil and gas industry, Republican businessman James “Jim” Wright comfortably won a seat on Texas’ energy regulator with 53% of the vote. Wright’s challenger,…

Stocks Of Major Wind Turbine Makers Slump Amid Election Uncertainty

Stocks Of Major Wind Turbine Makers Slump Amid Election Uncertainty

Nov 04, 2020 at 13:14 | Charles Kennedy

Shares of major wind turbine manufacturers slumped on European markets on Wednesday as the U.S. presidential election—with the two candidates differing strongly on energy policy—continued to be too close to…

U.S. Energy Exports To Mexico Near Record-High Levels

U.S. Energy Exports To Mexico Near Record-High Levels

Nov 04, 2020 at 12:15 | Tsvetana Paraskova

The United States exported crude oil, petroleum products, and natural gas to Mexico worth nearly US$34 billion in 2019, just shy of the record-high value of energy exports in 2018,…

Model 3 Production Brought Tesla To Brink Of Bankruptcy

Model 3 Production Brought Tesla To Brink Of Bankruptcy

Nov 04, 2020 at 11:31 | Charles Kennedy

Tesla came to the brink of bankruptcy before it launched the Model 3, chief executive Elon Musk said in a Twitter conversation. In a thread started to commemorate a…

The Philippines Could Start Oil Drilling In South China Sea Without China

The Philippines Could Start Oil Drilling In South China Sea Without China

Nov 04, 2020 at 10:43 | Tsvetana Paraskova

The Philippines could begin exploring for oil and gas in the disputed South China Sea even without a Chinese partner, Philippine Energy Secretary Alfonso Cusi said on Wednesday, Bloomberg…

Saudi Gas Production Jumps To Record

Saudi Gas Production Jumps To Record

Nov 04, 2020 at 08:59 | Tsvetana Paraskova

Saudi Arabia produced a record volume of natural gas earlier this year, the Kingdom’s state oil giant Aramco said in its Q3 results release on Tuesday, as the world’s…

Oil Prices Soar On Major Crude Draw

Oil Prices Soar On Major Crude Draw

Nov 03, 2020 at 16:05 | Julianne Geiger

The American Petroleum Institute (API) reported on Tuesday a major draw in crude oil inventories of 8.01 million barrels for the week ending October 30. Analysts had predicted an inventory…

Drop In Saudi Oil Exports Keeps OPEC+ Shipments Flat In October

Drop In Saudi Oil Exports Keeps OPEC+ Shipments Flat In October

Nov 03, 2020 at 15:38 | Charles Kennedy

A 386,000-barrel-per-day (bpd) cut in Saudi Arabia’s crude oil shipments kept total seaborne exports of the OPEC+ group stable in October compared to September, although Russia boosted its seaborne exports…

China Looks To Boost Oil Exploration, Expand Oil & Gas Storage

China Looks To Boost Oil Exploration, Expand Oil & Gas Storage

Nov 03, 2020 at 13:52 | Charles Kennedy

China plans to further increase oil and gas exploration and accelerate the construction of more oil and gas storage infrastructure, state news agency Xinhua reported on Tuesday. Last week,…

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