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Home2021March

Month: March 2021

Brazilian President Jair Bolsonaro fired Branco in February after they clashed over fuel prices - energynewsbeat.com
Exploration and Production

Petrobras top managers quit for clashing with incoming CEO’s plans

March 26, 2021 Stu Turley

Petroleo Brasileiro SA’s chief financial officer and three other top executives decided to leave the state-controlled producer after clashing with the plans of the company’s incoming chief executive, a person close to the executives said. Topics of […]

Crude Oil News

PetroChina makes $3bn profit, plans higher crude runs

March 25, 2021 Stu Turley

Beijing, 25 March (Argus) — Profit at China’s biggest energy firm state-controlled PetroChina fell by 58pc to 19bn yuan ($2.94bn) last year, a result the company described as “better than expected” given the impact of […]

International News

Dislodging the huge ship blocking the Suez Canal could take ‘days to weeks,’ as the traffic jam builds

March 25, 2021 Stu Turley

Shipping experts believe it could take days or even weeks to free the 224,000-ton vessel that is wedged across the Suez Canal, blocking one of the world’s busiest waterways since Tuesday. The Ever Given, a container […]

mexico line in Texas Freeze
International News

Mexico’s AMLO Pounces on Texas Freeze to Push Nationalist Agenda

March 25, 2021 Stu Turley

The deep freeze across the central U.S. last month didn’t just darken 4 million homes in Texas. It also left millions of people across the border in Mexico in the dark for days, disrupted water supplies, […]

Carbon Tax

American Petroleum Institute endorses carbon pricing as oil and gas industry faces pressure on emissions

March 25, 2021 Mariel Alumit

The oil and gas industry’s largest trade group Thursday endorsed a price on planet-warming carbon emissions, marking a major shift after it long resisted regulatory action on climate change. The American Petroleum Institute’s move comes as […]

Suez Canal Blocked- by container ship
International News

Suez Canal blocked as massive cargo ship turns sideways

March 24, 2021 Tracey Woods

A cargo container ship considered one of the largest in the world has turned sideways and blocked all traffic, according to officials. The situation is threatening to disrupt a global shipping system already strained by the coronavirus […]

Crude Oil News

World may see peak of petrol, diesel demand by 2035 but not India: Petroleum ministry official

March 24, 2021 Tracey Woods

The world is likely to see peak demand for petrol by the late 2020s and for diesel by 2035, but auto fuels will continue to see growth in India as the economy expands, a senior petroleum ministry official said […]

Coal - India- going solar - energynewsbeat.com
Coal

World’s largest coal miner Coal India plans to bet big on solar

March 24, 2021 Tracey Woods

Coal India Ltd, the world’s largest coal miner, could venture into solar wafer manufacturing and wants to “aggressively” participate in the country‘s solar energy auctions, its chairman told Reuters on Tuesday. “Coal as you know, we’re going to lose […]

Industry Insights

Industry Insights: China’s five-year plan focuses on energy security

March 24, 2021 Tracey Woods

In the 14th Five-Year Plan, approved by the National People’s Congress this month, China has outlined energy and climate policies for the next decade that are an extension of current strategy rather than a radical […]

An exterior view of the Russian Central Bank
ESG

Russia discusses green bond deal as ESG pressures build

March 24, 2021 Tracey Woods

Russia’s central bank and finance ministry have started consultations on a green bond issue, a senior central bank official said on Tuesday, as Moscow seeks to enhance its sustainability credentials. Green bonds are a rapidly […]

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