Europe is starting to reach its limit when it comes to wind power. Countries like Denmark and Sweden, once leaders in expanding offshore wind capacity, are now hitting obstacles as power prices and incentives fall too low to support new projects, according to Bloomberg. A recent Danish auction for offshore wind saw no bids, highlighting...Continue Reading
Massive LNG Expansion Expected Worldwide Despite Green Transition | OilPrice.com Felicity Bradstock Felicity Bradstock is a freelance writer specialising in Energy and Finance. She has a Master’s in International Development from the University of Birmingham, UK. More Info Premium Content By Felicity Bradstock – Dec 14, 2024, 12:00 PM CST The global LNG market is...Continue Reading
Will Assad’s Downfall Trigger a Russian Withdrawal from Syria? | OilPrice.com RFE/RL staff RFE/RL journalists report the news in 21 countries where a free press is banned by the government or not fully established. We provide what many… More Info Premium Content By RFE/RL staff – Dec 14, 2024, 10:00 AM CST The fall of...Continue Reading
Enhanced Geothermal: A Game Changer for Renewable Energy | OilPrice.com Robert Rapier Robert Rapier is a chemical engineer in the energy industry. He has 25 years of international engineering experience in the chemical, oil and gas, and… More Info Premium Content By Robert Rapier – Dec 13, 2024, 6:00 PM CST Enhanced Geothermal Systems harness...Continue Reading
(Bloomberg) — Seplat Energy Plc will revive hundreds of idle Nigerian oil wells after completing its purchase of Exxon Mobil Corp.’s onshore oil and gas assets in the West African nation. SourceContinue Reading
(Bloomberg) – Colombia wants to shorten the production timeline at its biggest deepwater discovery, the nation’s energy chief said, as it braces for a shortfall of natural gas in coming years. SourceContinue Reading
Rising Metal Prices Cast Shadow on U.S. Construction Industry | OilPrice.com Metal Miner MetalMiner is the largest metals-related media site in the US according to third party ranking sites. With a preemptive global perspective on the issues, trends,… More Info Premium Content By Metal Miner – Dec 13, 2024, 4:00 PM CST China’s cancellation of...Continue Reading
General Motors is winding down its Cruise robotaxi division, according to a new report from Bloomberg. GM’s exit from the market leaves Google’s Waymo and Tesla as the two main names in autonomous driving. The division “proved costly and full of reputational pitfalls” for General Motors, the report said. GM and Cruise will merge technical...Continue Reading
CNPC: China Reaches Refined Oil Demand Peak | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Related News By Julianne Geiger – Dec 13, 2024, 1:30 PM CST China, the world’s heavyweight oil consumer, has officially hit its...Continue Reading
The total number of active drilling rigs for oil and gas in the United States stayed the same this week, according to new data that Baker Hughes published on Friday, after rising in the week prior. The total rig count remained flat at 589 total rigs, according to Baker Hughes, down 34 from this same...Continue Reading
