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Carbon Emissions
Chevron Sticks to Lower Budget Plans, Sets New Carbon Reduction Goals
U.S. oil major Chevron has reaffirmed its lower budget plans, doubled its savings estimate from the takeover of Noble Energy, and set new goals for reducing car…
Oil & Gas Supply
COVID-19 And Electrification Bring Hydrocarbon Demand Peak Forward To 2027, Says McKinsey & Company
The pandemic has resulted in a profound reduction in energy demand, from which McKinsey expects it will take between one to four years to recover – with electr…
Video: OPEC and Its Allies Extends Output Cuts Into April| Oil Price Surge
Global oil prices jumped higher after the organisation of the petroleum exporting nation's OPEC and its allies agreed to extend most oil output cuts into April.
Crude Oil
Oil Price Settles Near $70 as Traders Shrug off Saudi Terminal Attack
Brent oil erased gains as the market shrugged off an attack on the world’s largest crude terminal in Saudi Arabia.
LNG
Russia’s Gazprom Boasts First Carbon-Neutral LNG Delivery In Europe
Russian gas giant Gazprom said on Monday that it had delivered the first carbon-neutral liquefied natural gas in Europe, shipping the fuel to Shell in the UK.
Natural Gas
Texas Freeze Caused Record Gas Spot Prices and Outages
In the wake of a February winter storm that left Texans reeling from freezing temperatures and failed power generation units, reports are starting to publish da…
LNG
Japan-backed AG&P Says Gets Approval to Develop Philippines LNG Terminal
Atlantic Gulf & Pacific Company said on Monday its Philippines subsidiary has received the green light to develop a liquefied natural gas import and regasificat…
Solar Power Plant
Dutch Startup Develops Offshore Floating PV Platform
Dutch startup SolarDuck has developed a triangular structure for floating PV that resembles an offshore oil platform.
Oil Price
Oil up Nearly 5% on Possible Extension of Saudi Output Cuts
Oil prices rose nearly 5% on Thursday on a possible extension of voluntary output cuts by Saudi Arabia into April, as OPEC ministers and their allies continued …
Crude Oil
Oil Prices Rally to Highest Since 2019 After Opec+ Extends Output Curbs
Brent may trade as high as $80 a barrel in the second half of 2021, analysts say
Paris Climate Agreement
India on Track to Achieve Paris Agreement Targets Before 2030 Deadline, Modi Says
Opec+ decision to continue with output cuts will hurt consumers, according to India’s oil minister
Crude Oil
OPEC, Allies Agree to Keep Oil Output Steady into April
The Organization of the Petroleum Exporting Countries (OPEC) and its allies agreed on Thursday to largely continue current production levels into April.
Crude Oil
Oil Extends Gains on OPEC+ Supply Restraint, Expected Demand Recovery
U.S. West Texas Intermediate crude futures climbed 17 cents, or 0.3%, to $64.00 at 0128 GMT, holding below a 13-month high hit on Thursday.
Crude Oil
PetroSA Merger to Form South African National Petroleum Company
In South Africa, the portfolio committee on mineral resources and energy was recently briefed by the department of mineral resources and energy on the merger of…
Crude Oil
Saudi Arabia And Russia Could Raise Oil Production By 1 Million Bpd
Saudi Arabia and Russia are talking about bringing back online 1 million bpd to the oil market, citing sources familiar with the matter.
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