“It is not only hopes that the stimulus package will be approved in the U.S. that are pushing prices up; U.S. inventory data have also lent positive impetus,” said Commerzbank AG analyst Barbara Lambrecht. SourceContinue Reading

The installation of low-emission technology on offshore rigs is one of several initiatives that support Maersk Drilling’s efforts to reach the company’s recently announced target of reducing its CO2 emissions intensity by 50% by 2030. SourceContinue Reading

Plaintiff groups argued that Shell has a “special position of power” in the energy transition, making it just as responsible for climate change as most states. The oil producer, which accounts for 1.2% of carbon emissions worldwide, has a systemic role in global warming, the suit alleges. SourceContinue Reading

Granholm served as energy adviser to Hillary Clinton’s 2016 campaign and has been credited with expanding Michigan’s clean energy industry during her two terms as governor. SourceContinue Reading

It looks like the mainstream media have finally realized that government intervention in energy markets impacts the cost of energy for consumers. SourceContinue Reading

Venture Global LNG Inc. plans to have six of 18 production units at the Calcasieu Pass plant in Louisiana installed by mid-February, CEO Mike Sabel said in an interview. Commercial operations are expected in 2022. SourceContinue Reading

The new contract covers hook-up on the field and other hook-up and completion tasks that must be carried out after the platform has been installed to prepare it for operation. SourceContinue Reading

Shell and Equinor will develop the next generation of Shell Inventory Optimizer, a solution that leverages advanced analytics on historical data to optimize operational spare part inventory levels. Microsoft will be supporting Shell and Equinor with the co-development of the tool, which runs on Microsoft Azure. SourceContinue Reading

On Dec. 14th, the groups filed requests with an Anchorage judge for a preliminary injunction to prevent the Interior Department’s planned Jan. 6 auction of oil and gas leases across the refuge’s 1.56-million-acre coastal plain. SourceContinue Reading

The funding decision demonstrates the Norwegian government’s support for the development of a Carbon Capture and Storage value chain, which is essential if Europe is to achieve its carbon neutrality targets. SourceContinue Reading