On a visit to Saint-Nazaire on Thursday (May 2), Economy Minister Bruno Le Maire outlined the government’s strategy for deploying 45 GW of offshore wind power by 2050, with half of this capacity made […]
The United States has placed sanctions on more than 280 individuals and entities linked to Russia with four of them being shipping companies working on the Arctic LNG 2 project. With this massive-scale sanction wave, […]
Quantitative Tightening has removed 38% of Treasury securities and 27% of MBS that pandemic QE had added. By Wolf Richter for WOLF STREET. Total assets on the Fed’s balance sheet fell by $77 billion in April, to $7.36 […]
People in developed nations take abundant electricity for granted. When asked where electricity comes from, most will point to their wall outlet. But many states in the U.S. are headed for a serious and prolonged […]
ADNOC increased its oil production capacity to 4.85 million bpd ahead of the next OPEC meeting. The country’s stated aim is to reach 5 million bpd capacity by 2027. OPEC’s current production cuts are set […]
TOKYO — Southeast Asian countries’ transition to liquefied natural gas and the expected surge in demand for the fuel is spurring Japanese companies to expand their LNG business in the region as their home market’s […]
The Biden FTC’s approval of the Exxon-Pioneer deal comes amidst scrutiny from lawmakers concerned about energy price increases. Exxon pledges to lower production costs and achieve net-zero emissions from Pioneer operations by 2035. Approval of […]
I came across a news item in early April that not only caught my attention, it actually gave me hope that the various factions in the energy industry can work together to accomplish what the […]
Get ready for more energy shortages. The Environmental Protection Agency’s (EPA) power plant rule was finalized last week, and it is bad news for America’s energy supply. Under the new rule, all coal plants that plan […]
Ukrainian drones hit a major oil refinery owned by state-controlled Rosneft PJSC in Ryazan, southeast of Moscow, just as the facility’s crude-processing had recovered from a previous strike. The overnight attack caused a fire at […]
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