Tag: Oil

January 2, 2024

The National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) confirmed the approval of Shell’s environment plan in December 2023, enabling the oil major to undertake the Crux seabed survey within production licenses AC/PL1 and WA-33-PL. This seabed survey will […]

September 29, 2023

Oil buyers across the planet are facing some of the highest premiums for supplies they’ve seen in months — or longer — as dwindling stockpiles at the largest U.S. storage hub reverberate through markets from Asia to the Middle East […]

July 10, 2023

The diesel price used as the basis for most fuel surcharges reversed course this week, rising 3.9 cents a gallon for the first increase in three weeks and just the third in the past 23 weeks. The Department of Energy/Energy […]

May 30, 2023

LNG shipping rates are headed for higher ground over the summer, as LNG demand is expected to keep growing. In its latest weekly report, shipbroker Intermodal said that “due to sluggish demand and massive inventories, spot LNG prices in Asia […]

May 4, 2023

Today, transport of passengers and goods accounts for about a quarter of global energy-related CO2 emissions, a share that will grow to 30% by 2050. Therefore, opportunities to accelerate change through pilot projects and uptake of alternative energy need to […]

February 15, 2023

The Bureau of Ocean Energy Management made the final rule announcement on Tuesday, 14 February 2023, explaining that the Federal Civil Penalties Inflation Adjustment Act Improvements Act (FCPIAA Improvements Act) of 2015 requires Federal agencies to adjust the level of […]

October 28, 2022

U.S. gasoline prices are on the rise for the first time in 16 days, potentially posing a political challenge for the Biden administration ahead of elections even as it casts a spotlight on Big Oil’s massive profits. The average national […]

September 23, 2022

Oil headed for the longest stretch of weekly losses this year as central banks around the world stepped up the fight against inflation at the cost of economic growth. West Texas Intermediate dropped below $80 a barrel on Sept. 23 […]

July 21, 2022

The offshore oil and gas sector is primed for a burst of investment to make up for low spending in recent years. In the absence of any major surprises in oil and gas demand, data compiled by consultancy Westwood Global […]

June 15, 2022

President Joe Biden told U.S. oil refiners that unprecedented profit margins are unacceptable and called for “immediate action” to improve capacity as the soaring price of gasoline feeds record inflation and fears of a recession. “At a time of war, […]

February 1, 2022

UK-based developer of advanced atomic power solutions for shipping, Core Power, has released a special report describing plans to use floating offshore production platforms for mass-production of zero-carbon ammonia using nuclear technologies. The proposed facility is an offshore floating power […]

January 11, 2021

The U.S. has classified Yemen’s Houthis as a foreign terrorist organization following a series of attacks on oil tankers in the Red Sea and as Washington seeks to increase pressure on Iran in the final days of Donald Trump’s presidency. […]

October 9, 2020

Total SE is making an investment as part of a small funding round in U.S. fuel cell truck startup Hyzon Motors, an effort by the French oil giant to boost development of cleaner energy sources. The strategic investment was made […]

December 30, 2019

Years of planning and preparation by the ocean shipping, oil and trucking industries are set to pay off as adequate supplies of diesel fuel are expected to be ready now that an International Maritime Organization mandate for the use of […]

November 8, 2018

Floating storage of oil is expected to make a big comeback according to Ted Petrone, Vice Chairman of Navios Corporation. “I think it’s going to come back in a big way,” Petrone said during a conference call on Navios Maritime […]

July 5, 2018

When Tesla announced that it had built 7,000 cars in a week, I got excited. Even though electric vehicles (EVs) make up only a small percentage of new car sales in most countries, those sales are growing rapidly. But how […]

March 6, 2018

The United States is set to take over the throne as the world’s largest oil producer in the next five years, overpowering OPEC countries. Over the next three years, gains from the United States alone will cover 80 pct of […]

November 29, 2017

An energy transition is underway. Solar and wind are being added in ever-greater numbers. Electric vehicles are becoming more commonplace. Meanwhile, policy makers are grappling with the right mix of policies to pay for it all. Bloomberg New Energy Finance’s […]