The burning and releasing of vast amounts of natural gas into the atmosphere in America’s top shale basin is much bigger than previously thought when processing plants are included, Rystad Energy found….
Why company carbon cuts should include ‘scope’ check
When a company pledges to cut its carbon emissions, how big a deal is it? That depends on what’s being counted. An oil company’s direct emissions – those from its trucks, drills…
Norway vows to keep pumping gas as prices fall
Europe’s second-largest gas supplier plans to keep pumping natural gas even after prices dropped to their lowest in more than a decade. The region’s benchmark slid 50% in the past year after…
Focus on Exxon, Chevron after BP pledges to be carbon neutral
BP’s pledge to zero out all its carbon emissions by 2050 deepens the divide between major European and American oil producers on climate change, increasing the pressure for Exxon Mobil Corp. and…
IEA sees first global oil demand drop in a decade on coronavirus
Global oil demand will drop this quarter for the first time in over a decade as the coronavirus batters China’s economy, the International Energy Agency said. The agency said that the consequences…
France’s Total rejects force majeure notice from Chinese LNG buyer
ABERDEEN/SINGAPORE (Reuters) – French oil major Total rejected a force majeure notice from a liquefied natural gas (LNG) buyer in China, the first global energy supplier to push back publicly against a…
Commodity chaos deepens as China LNG buyer invokes force majeure
SINGAPORE: The turmoil engulfing global commodity markets deepened as China’s biggest buyer of liquefied natural gas (LNG) told suppliers it won’t honour some contracts because of the coronavirus. In a dramatic and…
Europe’s top economies falter as new virus clouds outlook
Tumbling industrial production in Germany and France in December rounded off a year blighted by trade war tensions for Europe’s top economies, official data showed Friday, while the novel coronavirus outbreak threatens hopes of a 2020…
Russia says it needs time to decide on oil output cuts
MINERALNYE VODY/MOSCOW, Russia, Feb 7 (Reuters) – Russia said on Friday it needed more time to decide whether to join any additional oil output cuts by OPEC, saying U.S. crude production growth…
US says it has thwarted $6bn Russia-Germany gas pipeline
Bloomberg/Munich President Donald Trump’s top energy official said he’s confident that Russia won’t be able to complete the Nord Stream 2 gas pipeline in the Baltic Sea — and signalled that the…