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Home2021July

Month: July 2021

International News

Turkey’s Strategy in the Eastern Mediterranean

July 30, 2021 Stu Turley

As Turkey’s dreams of joining the European Union have faded, Ankara has shifted its strategy toward the West. Nowhere is this more evident than in the Eastern Mediterranean. Turkish President Recep Tayyip Erdoğan’s latest moves […]

U.S. coal exports
Coal

The number of producing U.S. coal mines fell in 2020

July 30, 2021 Andy Del Prado

Source: Graph by the U.S. Energy Information Administration (EIA), based on U.S. Department of Labor, Mine Safety and Health Administration, Form 7000-2, Quarterly Mine Employment and Coal Production Report By the end of 2020, the number of […]

Oil - gas renewables
Crude Oil News

The International Energy Agency’s (IEA) net-zero nirvana is set up with pitfalls – by 50 to 100 years

July 30, 2021 Jay R. Young

The International Energy Agency’s (IEA) sustainable energy roadmap shows the difficulty that lies ahead in transforming global energy systems towards net-zero emissions. The roadmap also includes more measures to deal with climate change, such as […]

U.S. coal exports
EIA News

U.S. renewable diesel capacity could increase due to announced and developing projects

July 29, 2021 Andy Del Prado

Source: Graph by the U.S. Energy Information Administration (EIA), based on data from company announcements in trade press U.S. production capacity for renewable diesel could increase significantly through 2024, based on several announcements for projects that […]

Commodities

Mexico moves ahead to cap LPG prices

July 28, 2021 Stu Turley

Mexico’s energy regulatory commission (CRE) now has three days to enact regulation for methodology that will set maximum retail prices of LPG, after a notice the energy ministry (Sener) published in Mexico’s official gazette today. […]

Crude Oil News

Hess Expects US Shale’s Return to Pre-COVID Levels to Take Several Years

July 28, 2021 Stu Turley

U.S. oil output could take more than four years to reach pre-pandemic levels, oil producer Hess Corp. said on July 28, sticking to its spending plan despite rising demand to focus on shareholders returns over […]

Earnings

Antero Midstream Announces Second Quarter 2021 Financial and Operational Results

July 28, 2021 Stu Turley

Antero Midstream Corporation (NYSE: AM) (“Antero Midstream” or the “Company”) today announced its second quarter 2021 financial and operational results. The relevant consolidated financial statements are included in Antero Midstream’s Quarterly Report on Form 10-Q for […]

US natural gas
Exploration and Production

Russia Was World’s Second-Largest Oil Producer In H1 2021

July 28, 2021 Stu Turley

Russia was the world’s second-largest producer in the first five months of this year after the United States, data from Rosstat, the state statistics bureau, has revealed. The country produced an average of 10.18 million […]

Crude Oil News

Why Norway Won’t Give Up On Oil & Gas

July 28, 2021 Stu Turley

Norway doesn’t have any second thoughts about oil exploration and investment in light of the International Energy Agency’s (IEA) report suggesting that no new fossil fuel exploration would be needed for a net-zero world. Western […]

Crude Oil News

Exxon Makes Another Major Oil Discovery Offshore Guyana

July 28, 2021 Stu Turley

ExxonMobil and its partner Hess Corporation have made another significant crude oil discovery offshore Guyana, the U.S. supermajor said on Wednesday. The Whiptail discovery in the Stabroek Block adds to more than a dozen discoveries on the […]

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