Ces

Oil Price

U.S. Oil Companies’ Cash Flow to Rise by 68% Per Barrel in 2022 - Deloitte

U.S. upstream oil companies are expected to bank 68% higher free cash flows per barrel produced in 2022 as surging prices fuel profits, while output growth ling…

Offshore Wind Power

Latest Developments in Wind Harvesting Technology

Wind energy is one of the most sustainable and environmentally friendly ways to generate electricity. This article will review recent advances in wind harvestin…

United Kingdom

New UK Prime Minister Sunak Faces Major Challenge With Energy Crisis

Sunak faces a set of unique challenges including a cost-of-living crisis and an energy crisis.

Electric Vehicle Battery

Biden’s EV Minerals Cash Fruitless Without Permitting Reform

Washington's growing financial support for companies that produce metals used in electric vehicles will likely prove fruitless unless the federal government str…

Natural Gas

Wave of LNG Tankers Is Overwhelming Europe in Energy Crisis and Hitting Natural Gas Prices

60 liquified natural gas vessels are slow sailing or anchored around Northwest Europe, the Mediterranean, and the Iberian Peninsula, according to MarineTraffic.…

Oil Price

Portugal’s Galp Quarterly Profit up 16% On Higher Oil Prices, Better Margins

Portuguese oil and gas company Galp Energia reported a 16% increase in adjusted third-quarter profit on Monday, thanks to soaring oil prices and a near-doubling…

Oil Field

Oil Giant Schlumberger Rebrands Itself as SLB for Low-Carbon Future

Schlumberger, the world's largest oilfield services provider, is rebranding itself with a new name, color scheme and logo that underscores its ambitions for a l…

Egypt

Egypt COP27 Climate Summit Activists Concerned Voices Will Be Curtailed

The decision to hold next month's COP27 climate summit in a highly secured tourist resort in Egypt, along with restrictions on access, is curbing civil society'…

Oil Shale

Shale Firms Discount 'U.S. Put' as Inadequate to Lift Oil Output

U.S. shale oil executive Matt Gallagher this week took a poll on Twitter to gauge sentiment toward President Joe Biden's offer to stock the U.S. emergency oil r…

Oil Refinery

Exxon Shares Surge to Record High on Strong Earnings Outlook

Exxon Mobil Corp shares passed their all-time high on Friday as oil prices resumed their climb and analysts raised their long-term views of top U.S. oil produce…

Energy Transition

S.Africa's Energy Transition Plan Needs $46.5 Bln, Five Times Pledges - Sources

South Africa's plan to kick-start its transition from coal to renewable energy will need $46.5 billion, more than five times the $8.5 billion Western nations ha…

Net Zero Emission

U.S. EPA Begins Work to Set up $27 Bln Green Bank

The Environmental Protection Agency (EPA) on Friday began the process of designing a $27 billion green bank that will offer grants to disadvantaged communities …

Electric Car

U.S. Boosts EV Purchases, but Faces Supply Chain Hurdles

The U.S. government has significantly boosted purchases of electric and plug-in hybrid vehicles but faces supply chain hurdles.

Natural Gas

EU Leaders to Keep Studying Gas Price Caps

European Union leaders ended another debate on the bloc's response to the energy crunch without agreement on whether to cap gas prices, deciding in the early ho…

Oil Price

US to Release an Extra 15M Barrels of Oil Amid Skyrocketing Prices

US officials have hinted at more releases if prices continue to surge.