The transition from coal is gathering momentum As of late 2018, 30 national governments, 22 sub-national governments and 28 businesses had committed to phase out coal by 2030, under the Powering Past Coal…
LNG Investment Needed As Oversupply Turns To Shortfall
Gas is the future. Among the reasons oil companies are latching onto gas as the energy transition looms are that it’s plentiful, future demand growth outstrips oil and it has relatively low…
Russia eyes greater energy dominance as Novatek taps Arctic
Bloomberg Moscow/London Almost 1,500 miles from Moscow, the tiny port of Sabetta nestles in a desolate Russian Arctic peninsula. A former outpost for Soviet geologists, it’s now the site of Russia’s most…
Putin Keeps Options Open on Possible Extension of OPEC+ Oil Cuts
President Vladimir Putin kept his options open on whether to extend Russia’s joint oil-production cuts with OPEC beyond June, saying he wanted to continue cooperation with the group but also highlighting the…
Big Oil haunted by cost risks as $144bn LNG tab looms
Bloomberg/ Singapore The world’s biggest energy companies are finally ready to invest in new gas export projects. Now they just need to figure out who will build them, and for how much….
Chevron’s Anadarko Bid Seen Heralding Permian Shale Deals
Chevron Corp.’s $33 billion bid for Anadarko Petroleum Corp. may presage a new Permian Basin buying spree, with Pioneer Natural Resources Co. and Concho Resources Inc. among the next prime targets. Pioneer, Concho and Noble Energy Inc. surged Friday after Chevron…
Fear Grips Norway’s Oil Industry as Political Risk Explodes
Oil companies in Norway may pay some of the highest taxes and wages in the world but they could always count on support in the halls of power. Then last week the…
Chevron mega-deal showcases age of American energy
Bloomberg/Houston/London For all the ink spilled over climate change and the global energy transition, the world’s biggest energy companies are focusing on where it all began: American oil. Chevron Corp’s $33bn acquisition…
Giant investor sees profit from fight against climate change
Vapour is released into the sky at a refinery in Wilmington, California. Legal & General Group, one of the world’s biggest investors that oversees $1.3tn, has modelled the climate crisis and sees…
La pace in Medioriente ha bisogno di energia
Solo poco tempo fa Mike Pompeo, Segretario di Stato Usa, ha concluso il suo giro mediorientale. Un viaggio controverso, che è servito in primis a rassicurare gli alleati nella regione, nell’ottica di…