A small group of major oil-producing countries, including the leaders of the OPEC+ alliance – Saudi Arabia and Russia – have blocked a United Nations-backed summit from agreeing on a binding treaty to put limits […]
The cartel needs to be more honest about the implications of its drive to keep crude prices high. The best scandals are those that start when someone, somewhere, decides to say something utterly shocking: the […]
Weekly Daily Standup Top Stories Half of U.S. at risk for blackouts during extreme cold this winter, grid watchdog warns November 24, 2024 Clark Savage A new report by the North American Electric Reliability Corporation (NERC), which […]
ConocoPhillips COP recently completed the acquisition of Marathon Oil Corporation, which was initially announced in May, 2024. The acquisition will enhance its deep, durable and diverse portfolio aligned with its strict financial framework. It will bolster […]
Oil and gas companies are investing in renewables and clean tech but prioritize fossil fuel operations as global demand rises. Global emissions from fossil fuels reached a record high in 2024, despite renewable energy growth […]
Saipem Italy’s Saipem and its Jakarta-based consortium partner Meindo Elang Indah, have secured a $1.2bn contract from supermajor BP as part of its gas project in Indonesia known as Tangguh UCC. Tangguh UCC, which comprises […]
Daily Standup Top Stories Trump Energy Agenda Will Have A Heavy Natural Gas Focus November 26, 2024 Clark Savage ENB Pub Note: This article is from David Blackmon on Forbes. I agree with David on his […]
U.S. shale producers, including ExxonMobil, are prioritizing financial stability and shareholder returns over aggressive drilling expansion despite political encouragement. President-elect Trump’s pro-energy agenda contrasts with the industry’s current focus on disciplined growth and resilience to […]
Daily Standup Top Stories Tesla Excluded From EV Buyer Credits in California Proposal November 25, 2024 Clark Savage (Bloomberg) — Tesla Inc.’s electric vehicles would be excluded from consumer rebates proposed by California’s governor, a decision […]
Global oil demand continues to surprise on the upside, BP Plc (NYSE:BP) Chief Executive Murray Auchincloss told the Energy Intelligence forum in London on Monday, saying that oil demand kept rising on average by more or […]
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