Day: July 4, 2023

Of all the geopolitical scenarios perennially judged most likely by the world’s governments to escalate into global nuclear war between the superpowers, a military conflict between the Arab states of the Middle East and Israel has always been at or nea…

A common belief is that if the world does not have adequate energy, the result will be high prices. These high prices will allow more fossil fuels to be extracted or will allow renewables to substitute for fossil fuels. In my view, the real issue is qu…

A heatwave is coming to Germany and large parts of the Alps this weekend, set to raise energy demand for cooling and potentially further lowering the water levels on the Rhine, a major navigable waterway handling coal and oil products.     German forec…

Looming shortages of critical metals enabling the energy transition could slow the uptake of renewables and low-carbon solutions, McKinsey & Company warns. Supply of nickel, copper, lithium, cobalt, tin, iridium, and rare-earth element dysprosium faces…

The price of Russian ESPO crude, which goes to China, rose to the highest in seven months as Chinese buyers rushed to buy it ahead of an announced 500,000-bpd cut in exports next month. Per Reuters, ESPO is currently trading at a $4 per-barrel discount…

About eight months ago, we penned a note titled “Forget Musk’s Tunnels, Early Tesla Investor Seeds First-Ever eVTOL Car.” And come to find out, the flying car SpaceX-backed mobility firm Alef Aeronautics has received a Special Airworthiness Certificati…

The leader of the Libyan National Army, General Khalifa Haftar, has threatened to use force unless the country’s political leaders agreed on a way to distribute oil revenues fairly, Argus has reported, citing a deadline at the end of next month. War-to…

A new Chinese “super” observation station for climate and environmental monitoring has opened in Tajikistan, as China aims to advance in a developing technological arena and improve its green credentials in Central and South Asia. The station — locate…

Russian technology companies are producing a vast array of new tools to help the Kremlin harness the internet and tighten control over internal dissent, according to an investigative report published by the New York Times. Having perfected these tools …

Spending on exploration is growing as oil majors are now putting the security of oil and gas supply and higher upstream profits ahead of investment in lower-return low-carbon energy solutions.  While the U.S. supermajors haven’t ventured into wind and …

Crude oil prices moved modestly higher on the morning of the 4th of July following the news that Saudi Arabia would extend its voluntary oil production cuts through August.Chart of the Week- Saudi Arabia’s extension of its 1 million b/d production into…

Something odd is happening in the oil market. Despite news that Saudi Arabia would extend its voluntary production cuts for another month and possibly beyond, and despite Russia saying it would reduce exports by half a million barrels daily, prices are…

We are witnessing peak absurdity in America and throughout the Western world. We must hope, this Independence Day, that this absurdity yields a turning. Continue reading →

The post Absurdity Tells Us Independence Day Is Being Revisited appeared first on Natural Gas Now.

Sitting on some of the world’s largest gas reserves, the UAE has never been short of gas potential, yet it remains a substantial net importer. This looks set to change by the second half of the decade, suggesting a need to firm up its plans for expande…

Thames Water’s travails have taken the media spotlight in recent days, and deservedly so, with growing fears the country’s largest supplier could be on the verge of collapse. Shareholders injected £500m into the company in March, and committed to a fur…

Japan’s leading shipping company NYK has signed a 5-year contract with the Global Centre for Maritime Decarbonisation (GCMD) to collaborate on low-carbon solutions for shipping.

Shell, BP and Barclays have felt the wrath of activist investors this year as corporate pressure campaigns are launched in record numbers across Europe, new research shows. The number of activist campaigns in Europe has climbed each month this year to …

The additional Canadian crude volumes that will be transported from Alberta via the expanded Trans Mountain oil pipeline are likely to stay in North America and end up on the U.S. West Coast instead of in Asia, as planned years ago when the project was…

The additional Canadian crude volumes that will be transported from Alberta via the expanded Trans Mountain oil pipeline are likely to stay in North America and end up on the U.S. West Coast instead of in Asia, as planned years ago when the project was…

The additional Canadian crude volumes that will be transported from Alberta via the expanded Trans Mountain oil pipeline are likely to stay in North America and end up on the U.S. West Coast instead of in Asia, as planned years ago when the project was…

The federal government’s Resources & Energy Quarterly report forecasts a further fall of A$8bn in revenue in FY24-25.

Widespread deployment of wind and solar, and now a focus on hydrogen, have all been promised as the keys to unlock a low-carbon future. But many of these projects are facing the same barriers that have beset oil and gas investments for decades. [Gas in…

Under the contract with Brunei Shell Petroleum, Wood will provide brownfield EPCC services, along with managing the offshore marine fleet.

Despite chopping gas prices in recent weeks, Gazprom’s pipe flow to Europe has remained steady this year.

Brazil’s state-owned oil and gas firm Petrobras is on the lookout for potential asset acquisitions after spending years selling off stakes in upstream and downstream businesses, chief financial officer Sergio Caetano Leite told Bloomberg in an intervie…

Crude oil prices moved modestly higher in Asia pre-noon trade today following the news that Saudi Arabia would extend its voluntary oil production cuts through August. The Kingdom would produce some 9 million bpd of oil in August—the same level it aims…

Portfolio investors have become exceptionally bearish about crude oil as global economic growth slows and production cuts from Saudi Arabia and its OPEC⁺ allies have failed to lift prices.

The new pipeline will extend Adnoc Gas’ existing network from approximately 3,200 km to over 3,500 km.

The gas is expected to be supplied from Senex’s proposed Atlas expansion project in Queensland’s Surat basin starting from January 2025.

OPEC last week underlined that Asia’s continued strong economic growth would account for virtually all the growth in demand for oil this year. Saudi Aramco added that China and India will drive oil demand growth of more than 2 million barrels per day (…