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Energy / Energy-General

Norway’s Decision To Step Up Oil Exploration Angers Climate Activists

May 23, 2023 at 11:52 | Irina Slav

Earlier this month, the Norwegian energy ministry said the country would be stepping up oil and gas exploration in the Norwegian continental shelf to improve its energy security and the…

1,650 North Sea Oil & Gas Workers To Strike In Biggest Walkout So Far

May 23, 2023 at 10:58 | City A.M

Around 1,650 North Sea offshore contractors will begin two new rounds of 48-hour strike action in what a trade union said is the biggest walkout in the sector…

Palladium May Be Key To New Era Of Superconductors

May 23, 2023 at 10:23 | Brian Westenhaus

At issue is how can we produce the best superconductors that remain superconducting even at the highest possible temperatures and ambient pressure? Vienna University of Technology with collaboration…

JP Morgan Bets Big On Carbon Removal  

May 23, 2023 at 09:57 | Charles Kennedy

JP Morgan is betting big on carbon removal and is buying credits from direct air capture developers to offset its environmental footprint, officials at the largest U.S. bank have told…

Oil Prices Rise As Saudi Energy Minister Threatens Short Sellers

May 23, 2023 at 09:20 | Michael Kern

Oil prices rose by nearly 2% early on Tuesday after the Saudi energy minister warned short sellers to “watch out” and as seasonal demand for fuel is set to rise…

Strong Fuel Demand Boosts Oil Prices

May 23, 2023 at 06:10 | Michael Kern

Strong demand for oil products is helping to drag oil prices higher, although the risk of a U.S. default and the upcoming OPEC+ meeting are the two major factors oil…

Returns vs Emissions: The Big Oil Shareholder Fight

May 22, 2023 at 16:28 | Irina Slav

Big Oil is in the middle of a war no one could have seen coming just a few years ago. On one side are investors that like the supermajors’ recent…

Traders Grow Even More Bearish On Oil

May 22, 2023 at 15:00 | Tsvetana Paraskova

Despite expectations of a tightening oil market later this year, hedge fund managers and momentum traders continue to be bearish on crude and continue to dump bullish bets.     Portfolio…

Suriname’s Much-Needed Oil Boom May Soon Be Back On Course

May 22, 2023 at 09:35 | Matthew Smith

The last year has been particularly turbulent for the former South American Dutch colony of Suriname. A rapidly deteriorating economy, violent anti-government protests, and rising political uncertainty are…

Cheap Russian Crude Is Replacing Middle Eastern Oil On India’s Spot Market

May 22, 2023 at 09:11 | Michael Kern

India’s spot purchases of crude oil from the Middle East have fallen in recent months, as cheaper Russian spot barrels are making their way to the world’s third-largest crude oil…

Chevron To Buy Shale Firm PDC Energy In $6.3-Billion Deal

May 22, 2023 at 08:35 | Charles Kennedy

Chevron Corporation has signed a deal to buy shale firm PDC Energy in an all-stock transaction valued at $6.3 billion, or $72 per share, the U.S. supermajor said on…

IEA Chief Warns That Europe’s Energy Market Is “Not Out Of The Woods” Yet

May 22, 2023 at 08:14 | Charles Kennedy

Despite a marked decline in benchmark natural gas prices in Europe this year, the continent is “not out of the woods” yet as three factors could worsen the European energy…

Oil Prices Sink As Fears Of A U.S. Default Continue To Weigh On Markets

May 22, 2023 at 03:00 | Irina Slav

Crude oil prices started the week sluggishly, with the benchmarks declining slightly at the time of writing, after posting a modest gain for the previous week. Brent crude was…

Alberta Wildfires Still Sapping Crude Oil Production

May 19, 2023 at 14:09 | Julianne Geiger

Raging wildfires in Canada could shave off 0.1%-0.3% of the country’s real gross domestic production this month, according to an estimate from ATB Financial. The number of wildfires grew on…

Guyana's Oil Boom To Gain Momentum In Second Half Of 2023

May 19, 2023 at 12:02 | Matthew Smith

The impoverished South American micro-state Guyana is in the midst of an epic oil boom which has seen the former British colony emerge as the hottest frontier offshore drilling region.…

U.S. At Risk Of Blackouts This Summer

May 19, 2023 at 10:20 | Tsvetana Paraskova

Extreme weather this summer will strain the U.S. power grids, putting two-thirds of North America at risk of electricity shortfalls this summer during periods of peak demand on the hottest…

The Automation Of Public Transport Is Underway

May 19, 2023 at 09:39 | Felicity Bradstock

There has been a lot of hype around autonomous driving in recent years, with several autonomous passenger vehicles being tested across cities worldwide. But when it comes to public transport,…

Is It Time To Take Green Methanol Seriously?

May 19, 2023 at 09:34 | Felicity Bradstock

Methanol is widely used around the globe, with industrial applications for plastics, paints, car parts, and construction materials. It can also be used to fuel cars, trucks, buses, ships, fuel…

The Race To Secure Long-Term LNG Contracts

May 19, 2023 at 08:53 | Irina Slav

Global LNG inventories may be at a record high amid weak demand but serious buyers are looking forward and sealing long-term supply deals to secure enough LNG for…

Oil Prices Climb As Bullish Sentiment Builds

May 19, 2023 at 08:29 | Michael Kern

While it may still be too early to say if sentiment in oil markets has completely shifted, signs that the U.S. will avoid a default and that oil markets are beginning…

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