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Crude Oil
UAE Brings Forward Oil Production Capacity Expansion to 2027
The board of Abu Dhabi's ADNOC endorsed plans on Monday to bring forward the company's five million barrel per day oil production capacity expansion to 2027 fro…
Net Zero Emission
Carbon Removal Key to Reaching Paris Agreement Climate Goals, Wood Mackenzie Says
Fossil fuels will continue to account for 37% of the primary global energy demand in 2050 even if the net-zero goals are achieved
Video: Expect a Big Rebound in Global Energy Demand in 2021
Oil prices have broken through $50 a barrel for the first time since February, and Big Oil stocks have seen a bounce with Exxon up 44% from its year low and Che…
Deeper ExxonMobil Job Cuts Planned
ExxonMobil is planning to lay off more workers in response to the fall in global energy demand.
Market Analysis
IEA: 25% Fall in Weekly Energy Demand During Covid-19 Pandemic
The International Energy Agency (IEA) has released a report into the impacts of Covid-19 on global energy demand and carbon dioxide emissions, revealing that …
New Technology
ABB: The World's First Subsea Power System Help to Meet Global Energy Demands
As part of a $100 million Joint Industry Project (JIP), ABB has pushed the boundaries in design, development and testing of subsea power distribution and conver…
Study Forecasts Even With Modest Warming, Global Energy Demand to Increase by Mid-Century
Most previous studies explored this topic for a single country or continent, or for a single sector (mostly households). In addition, researchers only employed …
