Latest

Oil Settles 1% Lower as Mideast Ceasefire Talks Ease Supply Disruption Concerns

Conventional Energy, Latest, Oil, Tri-Pinned / By

(Reuters) – Oil prices settled lower on Friday as the rising possibility of a ceasefire deal in Gaza outweighed strong summer fuel demand and potential supply disruptions from Gulf of Mexico hurricanes. Brent crude futures settled down 89 cents, or 1.02% lower, to $86.54 a barrel, after reaching their highest since April earlier in the …

Oil Settles 1% Lower as Mideast Ceasefire Talks Ease Supply Disruption Concerns Read More »

Tropical Storm Beryl to Have Little Impact on U.S. Offshore Oil Output

Conventional Energy, Energy Topics & Technology, Latest, Offshore, Oil, Pinned Primary, US News / By

Tropical Storm Beryl is expected to have little impact on U.S. offshore oil and gas production, energy companies said on Friday while evacuating personnel from some facilities out of caution. Beryl was downgraded from a hurricane and shifted over Mexico’s Yucatan Peninsula with maximum sustained winds dipping to 70 mph (113 kph), the U.S. National …

Tropical Storm Beryl to Have Little Impact on U.S. Offshore Oil Output Read More »

Shell and BP Among Big Firms Taking Stakes in Adnoc’s LNG Plant

CDN and International News, Conventional Energy, Latest, LNG / By

Shell, Total, BP and Mitsui will each take 10% stake Ruwais will raise the UAE’s export capacity to 15.4m tons/year Four international companies have agreed to invest in Abu Dhabi National Oil Co.’s next liquefied natural gas export project, according to people with knowledge of the matter. Shell Plc, TotalEnergies SE, BP Plc and Mitsui & Co. will each take a …

Shell and BP Among Big Firms Taking Stakes in Adnoc’s LNG Plant Read More »

China’s Rapid Renewables Rollout Hits Grid Limits

CDN and International News, Electricity Grid, Energy Topics & Technology, Latest, Renewable Energy / By

Electrical pylons and power lines are seen in Yanqing district of Beijing, China December 17, 2021. REUTERS/Tingshu Wang/File Photo By John Kemp (Reuters) – China’s record-breaking deployment of wind and solar capacity has worsened regional power imbalances, forcing the country to idle increasing amounts of renewable generation when it overwhelms local consumption. New government regulations aim …

China’s Rapid Renewables Rollout Hits Grid Limits Read More »

Years-long wait for permits blocking European wind farms, industry says

CDN and International News, Latest, Renewable Energy, Wind / By

Wind turbines are seen in a windfarm near Radenac in Brittany, France, October 3, 2017. REUTERS/Stephane Mahe/File Photo By Kate Abnett BRUSSELS, July 5 (Reuters) – Hundreds of gigawatts of wind energy projects are waiting for permits to connect to Europe’s power grid, a backlog that threatens to slow the shift to green energy, industry association …

Years-long wait for permits blocking European wind farms, industry says Read More »

Energy Traders are Snapping Up Refineries Away From Big Oil

Conventional Energy, Energy Topics & Technology, Latest, Oil, Refineries, US News / By

Gaining a foothold in the refining industry gives traders more options when deciding where to send certain oil grades Bloomberg News Commodities traders flush with cash are buying oil refineries that energy majors are increasingly turning their back on. It’s one of the areas where trading houses — who have long coveted the refining and distribution assets …

Energy Traders are Snapping Up Refineries Away From Big Oil Read More »

Subscribe
Subscribe