EU and Allies Aim to Reinforce Price Cap on Russian Oil, Says EU Commission – Euractiv
EU, allies look to strengthen Russian oil price cap, EU Commission says – Euractiv The European Union and 12 partner countries have met in Brussels to discuss the effectiveness of Western sanctions on Russia and ways to strengthen the G7 price cap on Russian oil, the EU Commission said on Tuesday (24 September). The Group […]
Kerry Issues Harsh Critique of Climate Action: “Is There a Letter Beyond Z?” | New York
Kerry gives scathing rating on climate action: ‘Is there a letter underneath Z?’ | New York Countries are ignoring commitments they made less than a year ago to shift away from fossil fuels and to provide aid to those most vulnerable to the climate crisis, a host of leading figures have admitted during a gloomy […]
From Humble Beginnings to Prosperity: Guyana’s Rapid Transformation into a Petrostate
From Rags to Riches: Guyana’s Meteoric Rise as a Petrostate Oil tumbled at the end of the U.S. summer driving season, with fears of an economic slump in China weighing heavily on the outlook for petroleum. As such, the international Brent benchmark plunged by over 12% in a month to lows not seen since early […]
Canadian Natural Gas Prices Drop to Two-Year Low Amid Rising Storage Levels
Canadian natural gas prices fall to two-year low as storage fills By Nia Williams (Reuters) – Canadian natural gas prices slumped to their lowest level in more than two years on Monday and are expected to remain under pressure for weeks, as storage levels in Alberta reach full capacity due to weak demand across North […]
Oil and Gas Fishing Market Projected to Achieve Impressive CAGR of 6.10%
Oil and Gas Fishing Market to Exhibit a Remarkable CAGR of 6.10% Oil and gas fishing market will reach at an estimated value of USD 9.37 billion and grow at a rate of 6.10% for the forecast period of 2021 to 2028. Oil and gas fishing is generally used in the recovery of damaged or […]
Challenges Intensify for North Sea Oil and Gas Industry
Trouble Deepens for North Sea Oil and Gas When the Labour Party came into power, it vowed to tax the oil and gas industry more. Warnings this might backfire fell on deaf years. Now, banks are refusing to lend to North Sea operators. It may well end with energy shortages. “To deliver our clean power […]
Saipem’s Pre-Qualification for A&E Project in Libya Signals Progress in Gas Monetization Efforts
Saipem Pre-Qualifies for Structures A&E Project as Libya Advances Gas Monetization Drive Italian multinational oilfield services company Saipem announced it has pre-qualified to carry out EPCC works for Production Platform E – part of the $8-billion Structures A&E Development Project – during the Libya-Italy Roundtable and VIP Networking Event in Rome on Monday. Led by […]
New Metrics Released by IEA, UNEP, and EDF to Monitor Oil and Gas Companies’ Progress on Methane Commitments
IEA, UNEP, and EDF announce comprehensive metrics to report action and measure progress by oil and gas companies on methane commitments Despite years of public pledges by oil and gas companies, methane emissions and flaring from the industry’s operations remain at near record levels. To support efforts to address this problem, the International Energy Agency, […]
Scientists question oil and gas company’s assertion that fracking has no public health risks
Scientists skeptical of oil and gas company’s claim that its fracking ‘poses no public health ri Scientists who study public health say they’re skeptical of a company’s claims that its fracking “Poses No Public Health Risks.” Canonsburg, Pa.-based CNX said that a research project it is conducting as part of a voluntary collaboration with the […]
Uranium Market Activity: July 2024 Update
The uranium market continued to show strength and volatility in July 2024, driven by supply constraints, growing demand, and geopolitical factors. While prices have pulled back from the highs seen earlier in the year, the long-term outlook remains bullish as nuclear energy gains renewed interest globally. This article examines the key developments, price trends, and […]