The largest oil and gas companies for years have lived beyond their means and paid more money to investors than they can reasonably afford, according to a new report.
The study from the Cleveland-based Institute for Energy Economics …
NewX Energy In Joint Venture With PTBPP Group For Technology Infrastructure Projects Worth US$2.6 Billion
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More than half a billion tons of additional greenhouse gas emissions per year — equivalent to 8 percent of total U.S. emissions — may be generated by new oil, gas and petrochemical facilities in Texas and Louisiana, University …
The EU aims to use 1 trillion euros (around $1.11 trillion) for “sustainable investments” across the coming decade.
Brussels released details of its “European Green Deal” back in December, describing it as a “roadmap” to make the bloc’s economy
Egypt began importing gas from Israel’s largest offshore gas field, Leviathan, on Wednesday, a step Cairo hopes will help it become a regional energy hub.
Rapid growth in Egypt’s natural gas supplies, boosted by the discovery of the Mediterranean’s …
Dubai – The talk’s all been about Saudi Aramco, and the suspense of its historic drive to whip up international cash. But, more quietly, its Gulf oil peer ADNOC has also been courting foreign funds – and its efforts …
Such is the extent of the shakeout in the U.S. shale industry that Permian Basin oil production is closer to peaking than many forecasts suggest, according to one energy investor.
Adam Waterous, who runs Waterous Energy Fund, regards …
LONDON – OPEC expects lower demand for its crude oil in 2020 even as global demand rises, it said on Wednesday, as rival producers grab market share and the United States looks set for another output record.
The United …
EIA expects 42 gigawatts (GW) of new capacity additions to start commercial operation in 2020. Solar and wind represent almost 32 GW, or 76%, of these additions.
According to the U.S. Energy Information Administration’s (EIA) latest inventory of electric …
U.S. natural gas production and demand will decline in 2021 after hitting record highs this year, the Energy Information Administration (EIA) said in its Short Term Energy Outlook (STEO) on Tuesday.
EIA projected dry gas production will fall to …
DUBAI, United Arab Emirates — After more than 18 months of sticking up for the Iran nuclear deal after the U.S. administration left it in May 2018, European Union signatories have triggered a dispute mechanism in the accord over
NEW YORK — A changing climate means dramatic risks for the world — and for investments too, the chief of the world’s largest investment manager said Tuesday.
To prepare for and protect against those risks, BlackRock CEO Laurence …
DHAHRAN, Saudi Arabia – U.S. oil output growth is expected to slow over the next five years, likely prompting oil majors to “gobble up” smaller shale oil producers, Mark Papa, shale pioneer and non-executive chairman of Schlumberger, told Reuters.…
The first turbine at the Northwester 2 offshore wind farm in the North Sea has started sending electricity to the Belgian grid.
Construction on the 219 megawatt (MW) project is still ongoing, although it is slated to be fully
The oil & gas industry broke state tax records in 2019 while grappling with ways to control emissions that are believed to be responsible for climate change.
In a report issued on Tuesday morning, the Texas Oil & …
Plans to build a new $8 billion refinery in Mexico got a boost from the Chinese government.
During a Monday morning event in Mexico City, China’s ambassador to Mexico Zhu Qingqiao announced that the Bank of China and the …
Houston oil company Birch Resources is emerging as a leader of drilling activity in the new year.
Barely a week into 2020, the company is already seeking permission from the Railroad Commission for permission to drill 26 new …
TULSA, OKLA. – Unit Corporation (the “Company” or “Unit”) announced that it has extended the Expiration Date for its previously announced offer to exchange (the “Exchange Offer”) any and all of its outstanding 6.625% Senior Subordinated …
ABU DHABI (Reuters) – The United Arab Emirates grew its renewable energy portfolio by more than 400% in the last 10 years, and is on track to double that again in the coming decade, Abu Dhabi National Oil Co. …
While the stock market has boomed, energy stocks have not. Indeed, they have been the worst-performing sector over the last decade. Moreover, energy has dropped from 15% in 1990 to only 5% of the S&P 500 sector weightings in …
HOUSTON – Oil prices fell about 1% on Monday as Middle East tensions eased and investors turned their focus to lackluster seasonal demand following a bearish U.S. report last week showing a large gasoline stockbuild.
Brent crude LCOc1 was …
WASHINGTON – A trio of Democratic Senators is asking some of Marathon Petroleum’s largest shareholders, including JP Morgan Chase and Blackrock, to warn the Ohio-based refining company that it needs to stop lobbying against climate action.
“Marathon …
In just 12 days, Occidental Petroleum Corp pulled off one of the biggest hedges against falling oil prices ever placed by a U.S. energy company. It characterized the transaction as “costless” but a Reuters review of regulatory filings, market …
Power to 112,000 Georgia Power customers restored following Saturday storm
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Donald Trump’s decision to authorize the killing of an Iranian general and reignite Middle East tensions briefly roiled energy markets and underscored a U.S. political reality: Higher gasoline prices can tip elections.
The president, who is counting on …
Exxon Mobil led the way with new finds off the coasts of Guyana and Cyprus as global oil and gas discoveries in 2019 hit a four-year high, according to a new report.
Energy companies discovered about 12.2 billion …
WASHINGTON — Environmental reviews for new pipelines, highways and other infrastructure projects would be reduced under a proposal released by the Trump administration Thursday, including the end of a requirement that federal regulators consider the implications for climate …
NEW YORK – From coast to coast, U.S. refineries are available for the taking, but nobody is buying.
With the news that Royal Dutch Shell Plc is looking to unload its Anacortes, Washington, facility, there are seven different U.S. …
Oil headed for its biggest weekly loss since July as the prospect of an immediate confrontation between the U.S. and Iran abated, allaying fears of disruption to Middle East energy supplies.
Futures initially soared to an eight-month high …
