Indonesia released on Friday an Iranian-flagged vessel it had seized four months ago over suspected illegal transfer of crude oil, the state-run Islamic Republic News Agency reported. MT Horse “was released after 125 days…and will return to […]
An Egypt court on Saturday adjourned a case on the container ship that blocked the Suez Canal to allow for more time to negotiate for a compensation. The court in Ismailia town postponed the hearing […]
The western United States, from Washington down and around to New Mexico, is facing the largest risks of blackouts in history. California was bad enough last year. As Malik, Baker and Chediak discuss in Bloomberg Green, “The specter of blackouts […]
After over a year of pandemic-driven volatility and weak oil demand, Saudi Arabia is now experiencing an oil export boom. Saudi Arabia’s oil exports increased in March by 75 percent year-on-year, at a value of […]
By taking unprecedented action that transforms how energy is produced, transported, and used, the world can eliminate net emissions of carbon dioxide by 2050, according to a report released today by the International Energy Agency (IEA). The […]
The economies are now reopening, thereby calling for more oil production since the commodity is a prime source of fossil fuel that is used for transportation and power. The rising demand for crude is reflected […]
The International Energy Agency, which has stepped up its efforts to become a major green energy supporter, appears to have forgotten the reason it was set up as an agency in the first place. In its […]
US Energy Secretary Jennifer Granholm said May 28 the nation needs more comprehensive cybersecurity standards for oil and gas pipelines and infrastructure in the wake of the Colonial Pipeline ransomware attack earlier this month. Speaking […]
A bill that could unlock federal funds to help clean up abandoned oil and gas wells while also raising bonding rates energy companies pay to fund such efforts passed a Congressional committee this week after […]
Dissident shareholders of ExxonMobil have won two seats on the company’s board of directors. The election “will likely force it to alter its fossil-fuel focused strategy and more directly confront growing shareholder concerns about climate change,” according […]
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