No less than “democracy in Europe” and the EU’s “image of U.S. companies” are on the line, a German industrial group warned House of Representatives Speaker Nancy Pelosi last week in a letter. With broad-based opposition to the pipeline in the U.S., German hopes that the president-elect will reverse sanctions may be misplaced. SourceContinue Reading
Invoking a climate emergency could give Biden the authority to circumvent Congress and fund clean energy projects, shut down crude oil exports, suspend offshore drilling and curtail the movement of fossil fuels on pipelines, trains, and ships. SourceContinue Reading
Reduced activity levels, project cancellations and workforce cuts as a result of the coronavirus pandemic have slashed business confidence across the UK’s oil and gas sector, according to an industry report. SourceContinue Reading
Two of the oil market’s most-watched inter-month price spreads — one denoting short-term strength, the other reflecting an improving longer-term outlook — this week flipped into what traders call backwardation, a structure that’s generally seen as reflecting tighter conditions. SourceContinue Reading
Silixa announced the launch of Carina CarbonSecure, its distributed acoustic sensing based solution for continuous or on-demand monitoring of all stages of carbon capture and storage operations. SourceContinue Reading
“There is a creeping politicization of the banking industry that has the propensity to be very, very dangerous,” Acting Comptroller of the Currency Brian Brooks told reporters Friday in a call about the rule, which would affect lenders with more than $100 billion in assets. SourceContinue Reading
Saudi Arabia condemned the strike, saying “terrorist and sabotage acts committed against vital installations target the security and stability of energy supplies to the world,” the official Saudi Press Agency reported. SourceContinue Reading
Venture Global LNG announced that KBR has been awarded the engineering, procurement and construction contract as lead contractor for Phase 1 of the Plaquemines LNG export project currently under development in Plaquemines Parish, Louisiana. SourceContinue Reading
Activists, Native Alaskans, and more recently large shareholders have worked to persuade lenders and insurers they were jeopardizing the climate, their investments, and their reputation by underwriting Arctic drilling. SourceContinue Reading
In releasing the highly anticipated document Monday, the Commodity Futures Trading Commission conceded that it might fall short of expectations. But CFTC chairman Heath Tarbert said the agency was trying to be as forthcoming as possible in disclosing what it knows now, calling it an “interim report.” SourceContinue Reading
