France’s supermajor Total is warning that the world could find itself with a shortfall of supply of 10 million barrels per day (bpd) between now and 2025, due to continued underinvestment in the industry, the […]
Iraq said the OPEC+ oil cartel is unlikely to change its production policy at next month’s meeting and repeated promises to deliver overdue output cuts, even as the Arab nation’s economy reels. The group of crude […]
U.S. President Joe Biden’s push to slash carbon emissions may inadvertently give a short-term boost to energy companies in one of the world’s biggest polluters. Investors are betting that Russian oil giants such as Lukoil […]
ExxonMobil’s 90,000 b/d Altona refinery in Victoria is no longer economically viable and will be converted into an oil product import terminal, the company said today. The decision was made following an extensive review of […]
OSLO (Reuters) – Norway’s Equinor has agreed to sell its assets in the U.S. Bakken shale oil province after a decade of multi-billion-dollar losses and criticism for poor investment decisions. Equinor will sell its entire […]
Energy News Beat Publishers Note: There is evidence that Iran has been previously seeking nuclear weapons, and this may be a political excuse to justify what they are already doing. Iran could eventually be forced […]
Oil rose for a seventh day in New York, the longest streak in almost two years, on continued signs the global market is tightening and demand is improving. West Texas Intermediate futures increased 0.3% on […]
Shell Energy Europe BV (Shell) and Amazon signed an agreement through which Shell will provide Amazon with 50% of the capacity (~380 MW) of the energy generated by the Amazon-Shell HKN Offshore Wind Project. The […]
Total saw its fourth-quarter profit and full-year earnings plummet on the year as the Covid-19 pandemic lowered fuel demand and weighed on oil and gas prices. But the firm performed relatively well compared with its […]
Energy News Beat Publishers Note: We believe that all people in the world should have access to clean, reliable, and the lowest-cost energy at market capabilities. The only way to achieve this goal to get […]
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