Recent developments in ultra-high-pressure drilling technology like the one U.S. supermajor Chevron uses at its new Gulf of Mexico project could unlock more than 5 billion barrels of known but previously inaccessible oil deposits globally, […]
Nearly 40% of the announced clean energy projects under Biden’s IRA, worth $84 billion, are facing delays or indefinite pauses. Factors contributing to these delays include falling solar panel prices, rising costs, high interest rates, […]
After an optimistic start to the summer that sent jet fuel demand soaring, analysts now caution that global jet fuel demand is set for a slowdown in tandem with consumer spending, with the potential to […]
Oil prices initially rose on a smaller-than-expected US producer price increase and the API’s report of declining crude oil inventories. Optimism faded after the EIA reported an inventory build, causing prices to fall. Geopolitical tensions […]
People living in low income households in the UK are more likely to pay higher energy costs than those in wealthier households. That’s according to research, published in the journal Energy Economics, which found that […]
Cheniere is the largest LNG exporter in the US. The company’s Sabine Pass facility in Louisiana currently has a capacity of about 30 mtpa following the launch of the sixth train in February 2022, and its three-train […]
Intense fighting between Ukrainian and Russian forces near a pipeline Russia uses to supply European countries with gas has not disrupted supplies, network operators and gas companies said on Tuesday (13 August). The European […]
The owner of 13 LNG carriers said on Wednesday vessel operating revenues were $84.7 million for the April-May period, a drop compared to $86.7 million in the second quarter last year and from $90.2 million […]
The rise in gas prices in Europe attributed to Ukraine’s recent invasion of Kursk, is expected to add to Russian revenues from selling fossil fuels, further widening the gap between such payments and the […]
Ofgem has today given its final approval for the costs associated with the Eastern Green Link 2 (EGL2) project, paving the way for construction to start on a 525kV, 2GW subsea connection between Peterhead in […]
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