WASHINGTON, Feb 25 – The Biden’s administration’s sale of offshore wind development rights off the coasts of New York and New Jersey continued to shatter all records on Friday, reaching over $3.8 billion with one single block fetching over …
This week’s Baker Hughes rig count shows that U.S. had an increase of 5 over last week, resulting in a total count of 650 rigs. Canada had an increase of 4 over last week, resulting in …
SINGAPORE, Feb 25 – Oil tanker rates are soaring globally as traders scramble to cope with jitters over possible disruption in Russian supplies, as well as war risk premiums for ships plying the Mediterranean region following Moscow’s invasion of …
LONDON – China has ramped up purchases into its oil reserves this year even as oil prices soared, despite calls from Washington for a global coordinated stocks release to help cool the market, industry data showed and traders said.…
LONDON: Oil prices slipped on Friday after sharp rises earlier in the session on concern over potential global supply disruptions from sanctions on major crude exporter Russia.
The April Brent crude futures contract was down $1.06, or 1.1%, at …
Oil prices fell on Wednesday after US crude oil stockpiles rose more than expected, even as fuel inventories dropped and tanks at the nation’s largest storage hub emptied further.
The bigger-than-expected rise in US crude stocks gave some investors …
Russian forces on Thursday launched their long-feared attack on Ukraine, sending shockwaves through financial markets and ratcheting up fears about the ramifications for gas supplies around the world.
Russian President Vladimir Putin cast aside international condemnation and the …
Denbury Inc. (NYSE: DEN) (“Denbury” or the “Company”) today…
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Feb 23 – The United States on Wednesday kicked off its biggest ever sale of offshore wind development rights in an area covering nearly half a million acres off the coasts of New York and New Jersey.
It is …
Publisher’s Note- Project Canary is a sponsor and speaker of EnerCom Dallas The Energy Investment & ESG Conference this coming April 6-7, 2022.
HOUSTON & DENVER–(BUSINESS WIRE)–Feb. 23, 2022– Chevron Corporation (NYSE: CVX) announced today a …
Hydrogen has an important role to play in any transition to net-zero and its generation could develop into a market worth over $1 trillion a year, according to Goldman Sachs.
“If we want to go to net-zero we …
LONDON, Feb 23 – Nuclear negotiations between Iran and the United States are nearing the finish line with an announcement expected soon on a new deal to lift sanctions in exchange for renewed controls on uranium enrichment.
Diplomats have …
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 1.1 million barrels from the previous week. At 411.5 million barrels, U.S. crude oil …
(Bloomberg) — Energy prices surged after Russian President Vladimir Putin signed an order to send what he called “peacekeeping forces” to the two breakaway areas of Ukraine that he officially recognized on Monday.
European natural gas led the …
LONDON, Feb 22 – Efforts by governments to drive an economic rebound are likely to add strain to tight oil supplies and could send prices to fresh peaks, unless international talks end sanctions on Tehran and lead to a …
WASHINGTON -The U.S. Supreme Court on Tuesday rejected a bid led by Dakota Access oil pipeline operator Energy Transfer (NYSE:) LP to avoid additional environmental review of a section that runs under an artificial lake and is opposed by …
(Bloomberg) — Oil prices could be set for a “prolonged period” above $100 a barrel over the next six to nine months, with the world setting fresh demand records this year, said Vitol Group Chief Executive Officer Russell …
BERLIN – Germany on Tuesday halted the Nord Stream 2 Baltic Sea gas pipeline project, designed to double the flow of Russian gas direct to Germany, after Russia formally recognised two breakaway regions in eastern Ukraine.
Europe’s most …
TotalEnergies and APA Corporation have made a significant new oil and associated gas discovery at the Krabdagu-1 well, in the central area of Block 58, offshore Suriname. This follows previous discoveries at Maka, Sapakara, Kwaskwasi and Keskesi, and …
The Energy Venture Investment Summit in Golden, Colorado, Brought Entrepreneurs, Energy Investment Professionals and Industry Together to Share Ideas and Provide Capital to Innovations that Will Shape the Future of Energy.
EnerCom, Inc., a nationally-recognized management …
(Bloomberg) — The Texas wildcatters that ushered in America’s shale revolution are resisting the temptation to pump more oil as the market rallies, signaling higher gasoline prices for consumers already battered by the worst inflation in a generation.…
United Nations member states are set to meet this month in Nairobi to draft the blueprint for a global plastics treaty, a deal that could see countries agree for the first time to reduce the amount of single-use
This week’s Baker Hughes rig count shows that U.S. had an increase of 10 over last week, resulting in a total count of 645 rigs. Canada had an increase of 1 over last week, resulting in …
Oil prices extended losses on Friday and were heading for a weekly fall as the prospect of increased Iranian oil exports eclipsed fears of potential supply disruption resulting from the Russia-Ukraine crisis.
Brent crude futures fell $1.92, or 2%, …
BRUSSELS – The European Union is considering making more information available on trading in its carbon market, according to a draft document, amid calls from some governments to limit financial speculators’ participation in the scheme.
Tougher EU climate …
Publisher’s Note- Cemvita Factory participated yesterday at The Energy Venture Investment Summit, hosted by EnerCom and Colorado School of Mines. Presentations can now be viewed online.
(Bloomberg) — Houston biotech startup Cemvita Factory is partnering with U.S. …
LONDON, Feb 14 – European banks are providing billions of dollars of funding to expand oil and gas production, a report on Monday showed, despite International Energy Agency guidance against new facilities in order to slow global warming.
Last …
LONDON, Feb 14- A bout of profit-taking ensued last week as seven-year highs in crude oil and middle distillates prices intensified concerns about inflation and the possibility of countermeasures from central banks.
Rapidly escalating prices for oil and other …
