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HomeCrude Oil News

Crude Oil News

Fossil Fuel
Crude Oil News

Renewable Energy Growth Fails To Offset Fossil Fuel Dominance

June 25, 2024 Mariel Alumit

At a time when the peak of “green” virtue signaling has come and gone, we regret to inform you that all that jawboning and posturing has achieved… absolutely nothing because according to the Statistical Review […]

UK Banks
Crude Oil News

UK Banks No Longer Finance Nation’s Small Oil and Gas Producers

June 25, 2024 Mariel Alumit

There is no longer a single British bank financing the smaller independent oil and gas producers that account for the bulk of output and investment in the North Sea, according to Neptune Energy. “The future […]

Crude Oil News

Forget Shale: Canada’s Oil Sands Are Having Their Moment

June 25, 2024 Mariel Alumit

Canada’s oil sands were once the high-cost, dirty and unloved sibling to America’s fast-growing shale. Not any more. Oil-sands producers have been among the top-performing companies in the energy sector over the past year. Shares […]

Oil
Crude Oil News

EU Sanctions 17 Ships that Carried Oil for Russia

June 25, 2024 Mariel Alumit

The European Union placed sanctions on more than two dozen vessels, including 17 that hauled oil for Moscow. The sanctions follow similar steps taken by the UK, which included so-called dark fleet ships on a list of […]

African flags
Crude Oil News

African flags flying high in the dark fleet era

June 25, 2024 Mariel Alumit

The remarkable rise of a number of African flags providing services to the so-called dark fleet shows no sign of slowing. Gabon has become a top 30 shipping register this year, according to Clarksons Research, […]

Climate Crisis

Is the US wasting its time saving the planet?

June 25, 2024 Andy Del Prado

Daily Standup Top Stories EU to Ban Re-Export of Russian LNG June 24, 2024 Mariel Alumit The European Union is set to ban the re-export of Russian LNG in the bloc’s waters in a first sanctions […]

British Banks
Big Oil Companies

British Banks Have Abandoned North Sea Oil

June 24, 2024 Mariel Alumit

Last year, Lloyds denounced fossil fuel financing, joining a growing list of financial institutions in Europe to do so. Neptune Energy: Virtually all British banks have stopped financing smaller independent oil and gas producers The situation could […]

Crude Oil
Crude Oil News

Crude Oil Shipments Return to Arctic as Russia Sends Tanker To Asia

June 24, 2024 Mariel Alumit

Russia looks set to continue using the Arctic Ocean as a shortcut to deliver crude oil to Asia. Even before the beginning of summer navigation season in July, transit shipments of crude have returned to […]

Chevron
Crude Oil News

Chevron inks offshore $2 billion exploration, production deal with Equatorial Guinea following multiple oil and gas discoveries

June 24, 2024 Mariel Alumit

(WO) – The African Energy Chamber (AEC) announced that Chevron and Equatorial Guinea’s state-owned oil company GEPetrol have signed two production sharing contracts (PSC) for offshore blocks EG-06 and EG-11 in Equatorial Guinea- representing a […]

Chevron
Big Oil Companies

Chevron Inks PSCs for Two Blocks Offshore Equatorial Guinea

June 24, 2024 Mariel Alumit

Chevron Corp. and Equatorial Guinea’s state-owned GEPetrol have signed production sharing contracts (PSCs) for offshore blocks EG06 and EG11, the African Energy Chamber (AEC) has reported. Exxon Mobil Corp., the former owner of the licenses […]

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