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Gas Pipeline Shortage Threatens U.S. Economy

Gas Pipeline Shortage Threatens U.S. Economy

regulatory rules are stifling the…

Can The West Catch Up To China In The Clean Energy Race?

Can The West Catch Up To China In The Clean Energy Race?

Despite increased Western investment in…

News

Finland Finds Key Rare Earth Minerals For The First Time

Finland Finds Key Rare Earth Minerals For The First Time

Oct 30, 2023 at 09:35 | Charles Kennedy

Two rare earth minerals have been found in Finland for the first time in what could be a boost to Europe’s supply of critical minerals necessary for the energy transition.…

The UK Awards 27 New North Sea Oil And Gas Licenses

The UK Awards 27 New North Sea Oil And Gas Licenses

Oct 30, 2023 at 08:06 | Tsvetana Paraskova

The North Sea Transition Authority (NSTA), the oil and gas industry regulator, awarded on Monday 27 new licenses in the first batch of the latest…

Weaker Asian Market Could Prompt Saudi Arabia To Halt Oil Price Hikes

Weaker Asian Market Could Prompt Saudi Arabia To Halt Oil Price Hikes

Oct 30, 2023 at 07:06 | Tsvetana Paraskova

Saudi Aramco is expected to keep the price of its flagship crude grade for shipping to Asia in December unchanged from November’s pricing in view of lower refining…

Chevron Expected To Revitalize Bakken Shale With Hess Acquisition

Chevron Expected To Revitalize Bakken Shale With Hess Acquisition

Oct 30, 2023 at 05:59 | Tsvetana Paraskova

Oil production in the Bakken shale play is set to increase after Chevron’s acquisition of Hess, although volumes are unlikely to hit the records seen before 2020, analysts…

Germany Wants To Invest In Nigerian Natural Gas And Critical Minerals

Germany Wants To Invest In Nigerian Natural Gas And Critical Minerals

Oct 30, 2023 at 04:37 | Irina Slav

Germany is interested in financing the development of critical minerals and natural gas in Nigeria, Reuters has reported, citing Chancellor Olaf Scholz who is on a visit to…

Egypt Suffers Blackouts As Natural Gas Imports Dry Up

Egypt Suffers Blackouts As Natural Gas Imports Dry Up

Oct 30, 2023 at 04:31 | Charles Kennedy

Egypt is suffering longer daily blackouts as domestic natural gas production declines and imports from Israel dry up, local media have reported. A government spokesman said in a…

Argentina May Suspend Oil Exports To Solve Shortage Problem

Argentina May Suspend Oil Exports To Solve Shortage Problem

Oct 30, 2023 at 03:16 | Charles Kennedy

Argentina may ban oil producers from exporting any crude out of the country unless they ensure adequate local supply amid persistent fuel shortages. The warning came from Economy…

Emergency Oil Meeting Discusses Potential For Diesel Outages

Emergency Oil Meeting Discusses Potential For Diesel Outages

Oct 27, 2023 at 12:37 | Julianne Geiger

The European Union held an emergency meeting on Friday to discuss the potential for diesel supply shocks stemming from the conflict between Israel and Hamas. The EU…

Oil Prices Set For First Weekly Loss In Three Weeks

Oil Prices Set For First Weekly Loss In Three Weeks

Oct 27, 2023 at 10:55 | Tom Kool

Despite continued fears that the Hamas-Israel conflict could involve more actors in the Middle East, oil prices were set early on Friday for their first weekly loss in three weeks…

Equinor To Bid In Norway’s First Offshore Wind Tender

Equinor To Bid In Norway’s First Offshore Wind Tender

Oct 27, 2023 at 10:27 | Charles Kennedy

Norway’s energy major Equinor plans to bid to be admitted to the first offshore wind tender in his home country, Equinor’s chief executive officer Anders Opedal told Reuters on…

Phillips 66 Books Q3 Profit Below Expectations

Phillips 66 Books Q3 Profit Below Expectations

Oct 27, 2023 at 09:59 | Charles Kennedy

U.S. refiner Phillips 66 (NYSE: PSX) reported on Friday adjusted earnings of $4.63 per share for the third quarter, missing analyst expectations despite stronger refining…

U.S. Retaliates Following Iranian-Backed Militia Attacks

U.S. Retaliates Following Iranian-Backed Militia Attacks

Oct 27, 2023 at 08:55 | City A.M

The United States says it has struck two facilities in eastern Syria, claiming they were used by Iranian forces and affiliated groups. Secretary of Defence Lloyd…

Exxon Misses Profit Forecast Despite Strong Refining Business

Exxon Misses Profit Forecast Despite Strong Refining Business

Oct 27, 2023 at 08:38 | Tsvetana Paraskova

Record refinery throughput and higher oil prices raised ExxonMobil’s (NYSE: XOM) earnings for the third quarter compared to the second quarter, but the profit missed…

Chevron Reports Lower-Than-Expected Q3 Earnings

Chevron Reports Lower-Than-Expected Q3 Earnings

Oct 27, 2023 at 07:58 | Tsvetana Paraskova

Chevron Corporation (NYSE: CVX) reported on Friday lower-than-expected earnings for the third quarter, as international downstream weakness and maintenance at both the upstream and downstream…

Billionaire Gina Rinehart Buys 19% In Another Australian Lithium Producer

Billionaire Gina Rinehart Buys 19% In Another Australian Lithium Producer

Oct 27, 2023 at 05:50 | Tsvetana Paraskova

Mining billionaire Gina Rinehart has amassed a 19% stake in Australian lithium producer Azure Minerals, building a large interest in a second lithium player in Australia in a…

Oil And Gas Business Helps Eni Beat Q3 Earnings Estimates

Oil And Gas Business Helps Eni Beat Q3 Earnings Estimates

Oct 27, 2023 at 04:58 | Tsvetana Paraskova

Italy’s energy major Eni (NYSE: E) booked an adjusted net profit for the third quarter that beat consensus estimates as strong upstream performance partly offset…

Equinor Cuts Its Oil And Gas Output Guidance

Equinor Cuts Its Oil And Gas Output Guidance

Oct 27, 2023 at 03:34 | Irina Slav

Norway’s energy major Equinor cut its full-year production guidance for both oil and gas, now expecting output to grow by 1.5% rather than 3% as earlier expected. At…

Canada Suspends New Carbon Tax Due To Popular Opposition

Canada Suspends New Carbon Tax Due To Popular Opposition

Oct 27, 2023 at 02:35 | Irina Slav

Canada’s federal government has suspended a new carbon tax targeting heating oil after a wave of popular opposition from the country’s eastern provinces where oil is an essential source of…

TotalEnergies And Exxon Bid For New Oil Licenses In Guyana

TotalEnergies And Exxon Bid For New Oil Licenses In Guyana

Oct 27, 2023 at 01:21 | Irina Slav

Supermajors TotalEnergies and Exxon were among the bidders in a tender for a number of shallow-water oil and gas blocks offshore Guyana. The tender involved 11 shallow-water blocks…

Oil Settles At Lowest Level In Two Weeks

Oil Settles At Lowest Level In Two Weeks

Oct 26, 2023 at 16:16 | Julianne Geiger

U.S. crude oil benchmark prices settled at their lowest level in two weeks as geopolitical risks continue to move the the price of the fossil fuel. Future prices for Brent…

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