The American Petroleum Institute reported crude inventories dropped by 5.15 million barrels last week, with gasoline and diesel stockpiles also decreasing, according to people familiar with the data. SourceContinue Reading
The Houston-based company announced a target to reach net zero emissions from its own operations by 2040 and an ambition to do the same from customers’ use of its products by 2050, CEO Vicki Hollub said during a conference call with analysts on Tuesday. SourceContinue Reading
“This is a sigh of relief to some extent by the market,” said Karim Fawaz, who leads the energy advisory service at consultant IHS Markit. “The short-term is still quite challenged, demand is looking quite weak. The second half of 2021 is when we expect to see that demand recovery start to take hold.” SourceContinue Reading
The easing of direct regulation of methane emissions put the energy industry in a “backwards-facing position,” while the absence of carbon pricing makes it harder to incentivize new technologies like carbon capture, Shell U.S. President Gretchen Watkins said. SourceContinue Reading
This achievement marks a significant milestone towards future full field development and is an important step towards ADNOC’s target of producing 1 billion scfd of gas from the concession before 2030, ultimately enabling gas self-sufficiency for the UAE. SourceContinue Reading
The nation was producing about 1.2 million barrels a day before its energy sector was mostly shuttered in January when Khalifa Haftar, a Russian-backed commander based in the east, blockaded ports and fields. SourceContinue Reading
An Oil Market Recovery Is On The Horizon | OilPrice.com Cyril Widdershoven Dr. Cyril Widdershoven is a long-time observer of the global energy market. Presently, he holds several advisory positions with international think tanks in the Middle… More Info Premium Content By Cyril Widdershoven – Nov 10, 2020, 7:00 PM CST The major participants at...Continue Reading
Can Colombia Replicate Brazil’s Offshore Oil Boom? | OilPrice.com Matthew Smith Matthew Smith is Oilprice.com’s Latin-America correspondent. Matthew is a veteran investor and investment management professional. He obtained a Master of Law degree and is currently located… More Info Premium Content By Matthew Smith – Nov 10, 2020, 6:00 PM CST While offshore Brazil, Guyana and...Continue Reading
Is This The Perfect Battery For Electric Vehicles? | OilPrice.com Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Premium Content By Irina Slav – Nov 10, 2020, 5:00 PM CST Imagine an electric car that’s lightweight and fast, and can...Continue Reading
The Road To Recovery Is Long For Oilfield Services | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. More Info Premium Content By Tsvetana Paraskova – Nov 10, 2020, 4:00 PM CST “This has probably been the most challenging...Continue Reading
