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Article Archive | Page 638

Putin Would Like To See Oil Prices Above $46 Per Barrel

Aug 27, 2020 at 12:00

It would be better for Russia if oil prices were higher than $46 a barrel, Russian President Vladimir Putin said on Thursday. In an interview with Russian TV channel Rossiya,…

India Stops Oil Purchases From China

Aug 27, 2020 at 11:15

Indian refiners have stopped buying crude oil from Chinese sellers, according to a Reuters report that cited unnamed sources. The move, according to the report, comes as a result…

Are We Prepared For The Smart City Revolution?

Aug 27, 2020 at 10:48

The COVID-19 pandemic has turned the entire world upside-down, but it has also highlighted some of our biggest shortcomings. From energy usage to infrastructure and public policy, there…

Oil Major Equinor Stops Drilling In U.S. Shale Patch

Aug 27, 2020 at 08:27

Norway's Equinor will not drill any more wells in the U.S. shale patch this year as it adjusts to a lower-for-longer oil price environment, a spokesperson for the company said…

Hurricane Laura Makes Landfall In Oil Heartland

Aug 27, 2020 at 07:41

Laura made landfall as a Category 4 hurricane in southwestern Louisiana near Cameron, with wind speeds reaching 150 mph and torrential rains drowning the coastal line. Ahead of Laura’s…

3 Oil Majors That Bet Big On Renewables

Aug 26, 2020 at 17:17

Big Oil has frequently been chided for merely trying to burnish its green credentials, and so far, it has done little to convince us that it is truly…

Iran Fast Tracks Development Of Huge West Karoun Oil Field

Aug 26, 2020 at 16:57

One of the three key priorities for Iran – along with completing all of the phases on its supergiant South Pars natural gas field and expanding its value-added petrochemicals sector…

U.S. Pushes Iraq To Cut Energy Dependence On Iran

Aug 26, 2020 at 16:27

The U.S. work to have Iran’s influence on Iraq’s energy sector reduced made progress last week when Iraqi Prime Minister Mustafa Al-Kadhimi visited Washington for high-level meetings with…

Intense Competition Forces Western Refiners To Reinvent Themselves

Aug 26, 2020 at 15:39

The Covid-19 pandemic and the oil crisis have taken a heavy toll on demand for transport fuels such as gasoline and jet fuel leading to severe margin compression for refineries.…

U.S. LNG Exporters Are Adding Capacity Despite A Plunge In Demand

Aug 26, 2020 at 14:55

In a world awash in LNG, any news about more production capacity sounds illogical. Nevertheless, this is what U.S. energy companies are doing: they are boosting their production and export…

High Profile Nuclear Reactor Rollout Faces 3-Year Delay

Aug 26, 2020 at 13:57

The U.S. nuclear industry, with a fleet of plants already outdated and a bit shabby, has never been able to recover from the market’s inundation with cheap fossil…

U.S. Natural Gas Power Generation Hits Record

Aug 26, 2020 at 12:20

Increased electricity demand amid higher summer temperatures and lower natural gas prices sent natural gas-fired power generation in the Lower 48 states to a record 36 gigawatts (GW) on July…

When Will Refining Margins Begin To Recover?

Aug 26, 2020 at 11:25

There has been a slew of positive signs from the upstream industry: U.S. producers restarting shut-in wells in the shale patch, OPEC+ easing production cuts as they see…

Elon Musk Hints At Electric Jet Battery

Aug 26, 2020 at 11:05

It has been the bane of the electric vehicle revolution’s hopes—insufficient battery life. But now, Elon Musk has hinted that he might just have a solution to the thing that…

Bullish EIA Inventory Report Pushes Oil Prices Higher

Aug 26, 2020 at 09:53

Crude oil price rallied further today after the Energy Information Administration reported a crude oil inventory draw of 4.7 million barrels for the week to August 21. At 507.8…

Gulf Of Mexico Oil Drillers Brace For Impact As Hurricane Nears

Aug 26, 2020 at 09:05

Tropical storm Laura has strengthened to a hurricane and is expected to grow further before striking the Gulf Coast as a Category 3 hurricane. The oil industry has evacuated…

3 Energy Stocks To Consider Even As Markets Remain Stagnant

Aug 25, 2020 at 17:54

Looking for potentially rewarding oil and gas stocks during the ongoing energy crisis can very much feel like dumpster diving.  The energy sector has been deeply…

How Solar Farms Can Coexist With Agriculture

Aug 25, 2020 at 16:49

One of the main arguments against extensive solar power installations is that solar farms require a lot of land—land that the agriculture industry craves as well. But what if it…

Can Guyana Salvage Its Much-Hyped Oil Boom?

Aug 25, 2020 at 15:45

The deeply impoverished South American country of Guyana in recent years was heralded as the hottest new oil boom in the Americas. A series of large offshore oil…

Is Argentina’s Shale Too Expensive To Drill?

Aug 25, 2020 at 13:17

It is one of the most abundant shale plays in the world, with oil reserves of up to 16 billion barrels and gas…

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