The world is on track to run out of sufficient oil supplies to meet its needs through 2050, despite lower future demand due to the Covid-19 pandemic and the accelerating energy transition – unless exploration […]
As of September 1 (the latest data available), the United States had 18.4 million barrels per calendar day (b/cd) of petroleum refining capacity, also known as operable atmospheric crude oil distillation capacity. U.S. refining capacity had reached a […]
Oil & Gas Mid East lobal demand for helicopter transport to offshore facilities plunged in 2020 as a result of the Covid-19 pandemic, a Rystad Energy report shows. Helicopter traffic was affected as non-critical maintenance […]
EnergyWorld WARSAW: Poland sees the total costs of building six nuclear reactors of 6-9 gigawatts capacity over 20 years at around $30 billion, state news agency PAP quoted the minister responsible for energy infrastructure as saying on Friday. Poland generates most […]
Energy News Beat Publishers Note: Fossil fuels will be around a while. The COVID-19 pandemic this year has dented oil consumption and brought forward forecasts by energy majors, producers and analysts for when the world’s […]
A Venezuelan judge has convicted six former Citgo executives of corruption, a move widely seen as a political challenge by President Nicolas Maduro to the incoming US administration of president-elect Joe Biden. Biden inherits the […]
Nasdaq Energy News Beat Publishers Note: Its better to have leases than not …. W&T Offshore, Inc. WTI claimed to be the apparent high bidder on two blocks in the U.S. Gulf of Mexico lease sale 256. […]
Energyworld MOSCOW, Russian central bank said on Thursday that OPEC+, the group of leading oil producing countries, may delay a planned increase in oil output from Jan. 1, 2021 as the pandemic has negatively impacted the economic outlook and oil […]
Rystad Energy Offshore wind is booming, and as turbine and project sizes grow, demand for specialized installation vessels will soar. The market for vessels capable of installing large offshore wind components is quickly being outpaced […]
Energy News Beat Publishers Note: This will be one to watch – OPEC can not control their members – and Turkey, Venezuela, and Libya need cash. Is this the end of OPEC’s control of world […]
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