The world’s installed offshore wind capacity rose by 15 per cent in 2020, despite the COVID-19 pandemic, and this year will see a 37 per cent growth in global installed offshore wind capacity, according to […]
Saudi Arabia kept oil pricing for its main market of Asia unchanged in March, after a key OPEC+ committee expressed confidence that the oil market is re-balancing. State oil producer Saudi Aramco raised prices for […]
ConocoPhillips reported a fourth-quarter 2020 loss of $0.8 billion, or ($0.72) per share, compared with fourth-quarter 2019 earnings of $0.7 billion, or $0.65 per share. Excluding special items, fourth-quarter 2020 adjusted earnings were a loss […]
Shell has announced its fourth quarter 2020 results. ‘2020 was an extraordinary year. We have taken tough but decisive actions and demonstrated highly resilient operational delivery while caring for our people, customers and communities. We are […]
American oil exports from Louisiana’s offshore supertanker port jumped to a record in January as Asian buyers are stocking up U.S. crude for a post-pandemic rebound in fuel consumption. Eight vessels set sail from the […]
Kuwait’s government has transferred the last of its performing assets to the country’s sovereign wealth fund in exchange for cash to plug its budget deficit, after a political dispute over borrowing left one of the […]
Energy News Beat Publishers Note: From #hottakeoftheday – the Wald Wednesday edition is excellent. Yesterday we ran a story on China’s creation of a carbon credit scheme (referring to China’s carbon credits as a scheme). […]
The U.S. has gone to court to seize 2 million barrels of oil that it claims came from Iran, as Joe Biden’s administration shows little sign of taking a softer line on Tehran. The Department […]
Paris: France on Monday urged Germany to scrap a major gas pipeline project with Russia in protest over the detention in Moscow of opposition leader Alexei Navalny, but the plea fell on deaf ears in Berlin. “We have always […]
Oil shipments from OPEC’s Persian Gulf producers slipped last month, even as output restrictions were eased and production volumes increased. Combined shipments of crude and condensate — a light form of oil extracted from gas fields — from Saudi […]
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