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Is the Self-Driving Taxi Revolution Slowing Down?

Is the Self-Driving Taxi Revolution Slowing Down?

The hype around self-driving taxis…

ESG Loan Bubble Close To Bursting

ESG Loan Bubble Close To Bursting

Sustainability-linked loan issuance in the…

News

JP Morgan Urges Oil and Gas Clients to Cut Methane Emissions

JP Morgan Urges Oil and Gas Clients to Cut Methane Emissions

Nov 15, 2023 at 08:00 | Tsvetana Paraskova

Reducing methane emissions and addressing methane leaks in operations are immediate actions from which both businesses and the climate will benefit, JP Morgan, one of the world’s top…

Siemens Energy Reviews Wind Turbine Business After Massive Loss

Siemens Energy Reviews Wind Turbine Business After Massive Loss

Nov 15, 2023 at 06:51 | Tsvetana Paraskova

Siemens Energy is reviewing the scope of activities at its wind turbine-making unit, Siemens Gamesa, as quality issues, rising costs, and ramp-up challenges in the wind business dragged…

Fears of Contamination Prompt More Quality Checks of WTI Midland Crude

Fears of Contamination Prompt More Quality Checks of WTI Midland Crude

Nov 15, 2023 at 03:55 | Tsvetana Paraskova

Pipeline operators and oil exporters have increased routine checks of the quality of the WTI Midland crude after a cargo was found to fail to…

Court Orders Biden Administration to Hold Oil and Gas Lease Sale

Court Orders Biden Administration to Hold Oil and Gas Lease Sale

Nov 15, 2023 at 02:17 | Charles Kennedy

A federal appeals court has ordered the federal government to hold an oil and gas lease sale for the Gulf of Mexico within 37 days. It will be…

Chevron Considers Sale of Haynesville Assets

Chevron Considers Sale of Haynesville Assets

Nov 15, 2023 at 01:09 | Charles Kennedy

Chevron is considering offloading its assets in the eastern Texas portion of the Haynesville shale play after the massive acquisition of Hess Corp. The supermajor is considering other…

Crude Inventories See Another Build

Crude Inventories See Another Build

Nov 14, 2023 at 15:54 | Julianne Geiger

Crude oil inventories in the United States rose again this week, adding 1.335 million

Israel’s Natural Gas Flow To Egypt To Return To Normal Next Week

Israel’s Natural Gas Flow To Egypt To Return To Normal Next Week

Nov 14, 2023 at 12:38 | Charles Kennedy

Natural gas supply from Israel to Egypt is expected to return early next week to normal levels after an Israeli gas field resumed production suspended in the wake of the…

Russia’s Oil Export Revenue Slips In October

Russia’s Oil Export Revenue Slips In October

Nov 14, 2023 at 10:44 | Charles Kennedy

Russia’s oil export revenues declined by $25 million to $18.34 billion in October amid lower international oil prices, the International Energy Agency (IEA) said on Tuesday. The lower benchmark…

Guyana Seeks To Stop Venezuelan Vote On Disputed Oil-Rich Area

Guyana Seeks To Stop Venezuelan Vote On Disputed Oil-Rich Area

Nov 14, 2023 at 10:06 | Charles Kennedy

Guyana asked on Tuesday the International Court of Justice to order Venezuela to stop a planned referendum on a potentially oil-rich territory which the two neighbors have disputed for…

Production Begins At ExxonMobil’s Latest Guyana Project

Production Begins At ExxonMobil’s Latest Guyana Project

Nov 14, 2023 at 09:06 | Julianne Geiger

ExxonMobil began production today from its Payara project offshore Guyana, according to a company statement on its website. Payara is located in the coveted Stabroek Block and will…

TotalEnergies CEO Says LNG Volatility Here To Stay Until New Supply Kicks In

TotalEnergies CEO Says LNG Volatility Here To Stay Until New Supply Kicks In

Nov 14, 2023 at 08:53 | Julianne Geiger

The LNG market will continue to see volatility until there is new supply, TotalEnergies CEO Patrick Pouyanne said on Tuesday at a Wood MacKenzie Gas and LNG Future…

Russia Claims It Will Continue To Adapt To Oil Sanctions

Russia Claims It Will Continue To Adapt To Oil Sanctions

Nov 14, 2023 at 07:26 | Tsvetana Paraskova

Russia is adapting to the increasingly stricter U.S. sanctions on trade with Russian oil and is acting in accordance with its own interests, Kremlin spokesman Dmitry Peskov

Chinese Giant CNOOC Starts Production At New Offshore Gas Field

Chinese Giant CNOOC Starts Production At New Offshore Gas Field

Nov 14, 2023 at 06:24 | Tsvetana Paraskova

Chinese state-controlled oil and gas giant CNOOC has started production from the first development phase of its Bozhong 19-6 offshore condensate gas field, the company said

IEA Raises Oil Demand Outlook For 2023 And 2024

IEA Raises Oil Demand Outlook For 2023 And 2024

Nov 14, 2023 at 05:47 | Tsvetana Paraskova

Despite concerns about the economy, global oil demand continues to exceed expectations, according to the International Energy Agency (IEA) which raised its demand growth forecasts for both 2023…

EIA Revises Permian Oil Outlook

EIA Revises Permian Oil Outlook

Nov 14, 2023 at 03:37 | Irina Slav

Oil production in the Permian has grown over the past four months and will continue growing until the end of the year. This is according to the latest…

The U.S. Needs More Natural Gas Pipelines To Avoid Power Outages

The U.S. Needs More Natural Gas Pipelines To Avoid Power Outages

Nov 14, 2023 at 02:33 | Charles Kennedy

U.S. natural gas supply is being jeopardized by a shortage of pipelines, an industry trade group has warned. The warning follows a similar one issued by the CEO…

Glencore Buys Teck Resources’ Coal Business

Glencore Buys Teck Resources’ Coal Business

Nov 14, 2023 at 02:23 | Charles Kennedy

Glencore has struck a deal to acquire the coal operations of Teck Resources in a $9-billion transaction also involving two other companies. Earlier this year, Glencore offered…

After U.S. Withdrawal, Orsted Pulls Out Of Norway Wind Bidding

After U.S. Withdrawal, Orsted Pulls Out Of Norway Wind Bidding

Nov 13, 2023 at 13:29 | Charles Kennedy

Danish offshore wind developer Orsted has officially withdrawn from a consortium set to bid on Norwegian offshore wind projects just days after pulling out of two U.S. offshore wind projects, 

Oil Gains On OPEC Demand Positivity, Fed Flip

Oil Gains On OPEC Demand Positivity, Fed Flip

Nov 13, 2023 at 12:43 | Tom Kool

Oil prices were climbing upwards midday Monday, with Brent crude gaining over 1.6% after the market digested an OPEC report suggesting demand in the U.S. and China is not lowering…

Exxon Looks To Become Leading Lithium Supplier By 2030

Exxon Looks To Become Leading Lithium Supplier By 2030

Nov 13, 2023 at 10:27 | Charles Kennedy

While doubling down on crude oil production, especially closer to home, ExxonMobil unveiled plans on Monday to produce lithium in Arkansas, aiming to become a leading supplier of the…

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