Uncertainty continues to dominate oil markets, although demand concerns appear to be overcoming supply shocks to push oil prices toward a monthly loss. Friday, August 30th, 2024 It’s been a volatile week for oil markets, […]
OPEC+ will likely begin unwinding its production cuts in October, six OPEC+ sources told Reuters on Friday. If OPEC+ does decide to start the process of ramping up production in October, it will be largely […]
ExxonMobil’s Guyana oil production is rapidly expanding, with the potential to reach 2 million barrels per day by the early 2030s. The company’s Permian Basin assets are also poised for growth, with production expected to […]
A unit of LNG giant Shell has completed the first operations with Crowley’s recently delivered LNG bunkering barge, Progress. Last week, the 12,000-cbm LNG bunkering barge, the largest US Jones Act-compliant vessel of its kind, […]
A Russian drone and missile attack earlier this week forced Ukraine to disconnect several nuclear power units from the grid, posing a risk to the nuclear power sector, a Ukrainian mission to the International […]
Westinghouse Electric Company announced that it has received approval from the Department of Energy Security and Net Zero to begin the Generic Design Assessment (GDA) for its AP300 Small Modular Reactor (SMR). This marks the […]
The UK reached a major renewable energy milestone yesterday, with its wind power capacity hitting 30GW. Almost half of this – 48% – is being generated by Scotland’s offshore and onshore wind farms. This 30GW […]
Last week, both Atlantic and Pacific rates declined. “Spark30s Atlantic rates experienced a third week-on-week decrease, falling by $1,000 to $60,500 per day,” Qasim Afghan, Spark’s commercial analyst told LNG Prime on Friday. He said that Spark25S […]
TotalEnergies has announced a new pilot project to install a floating wind turbine to supply renewable electricity to the Culzean offshore platform in the North Sea. The project is designed to test an approach to […]
UK energy production and consumption declined from April to June 2024 compared to the same period last year. Primary energy consumption fell by 2%, with a 1.4% drop when adjusted for temperature changes. Indigenous energy […]
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