With both the rig count…
EV makers and clean energy…
Around 1,650 North Sea offshore…
Tesla this week broke ground on a lithium refinery in Texas in the company’s latest move aimed at ensuring a sufficient supply of critical materials for the manufacturing of its…
Crude oil inventories in the United rose this week by 3.618 million barrels, the American Petroleum Institute (API) data showed on Tuesday, with analysts expecting a 1.600 million barrel draw.…
Renewable energy giant NextEra Energy Partners is planning to offload all of its natural gas pipelines to focus on clean energy expansion exclusively by 2025. NextEra…
French TotalEnergies is set to launch long-awaiting drilling offshore Lebanon in Q3 of this year, with the restive, energy-starved country now awaiting news of a potential first discovery…
The Church of England (CofE) will vote against the reappointment of all directors at upcoming AGMs – starting with Shell later this month – in response to a perceived lack…
Wildfires in Canada have so far resulted in the shut-in of 319,000 barrels of oil equivalent per day (boepd) from the country’s oil and natural gas production, or 3.7%…
Australia's government is allocating $1.35 billion (AUS$2 billion) in the 2023- 24 budget to accelerate large-scale renewable hydrogen projects, aiming to become a world leader in green hydrogen production. The…
Freight rates for supertankers have plunged by 75% in a month since several large OPEC+ producers announced a new round of oil production cuts that will lead to lower volumes…
Ford is launching a three-year hydrogen fuel cell trial to see if a hydrogen-powered version of its E-Transit van can work, the carmaker said on Tuesday. Ford will be joined…
Standard Bank Group, the South Africa-based lender with the biggest assets in Africa, says that access to energy in Africa will continue to drive its support for fossil fuel projects.…
In something of a reversal in trends, Occidental Petroleum has started buying back preferred stock it transferred to Warren Buffett’s Berkshire Hathaway in exchange for its financial backing for the…
Two Republican legislators have called for an evaluation of the Department of Energy’s management of the Strategic Petroleum Reserve (SPR) and an audit of its modernization program. The calls come…
A study published in Nature Energy on Monday has revealed that the U.S. Oil Patch is home to tens of thousands of inactive offshore oil and gas wells that…
The Canadian energy sector is reeling after the shutting in of at least 145,000 of oil equivalent per day (boepd) in the oil-rich province of Alberta due to…
The European Commission has proposed to EU member states to consider trade restrictions on companies from China, Hong Kong, the UAE, Uzbekistan, and Armenia which are thought to be helping…
Warren Buffett’s Berkshire Hathaway will not be seeking full control of Occidental Petroleum (NYSE:OXY) despite having amassed a stake of over 23%, the Omaha investor said at Berkshire’s…
After years of delays and massive cost overruns, Nigeria is set to finally see a 650,000 barrels per day (bpd) oil refinery commissioned later this month. The Dangote Refinery, built…
There will be no winner in the EV market as uncertainty abounds in the sector. This is what Berkshire Hathaway CEO Warren Buffett said at the firm’s annual meeting this…
China reported higher offshore crude oil and natural gas production for the first quarter, with oil production up by 3.8% and natural gas production up by 6.5%, Xinhua reported.…
The province of Alberta declared a state of emergency this weekend with tens of thousands forced to evacuate amid raging wildfires in Canada’s oil country. According to Reuters, on…