Day: March 10, 2024
Gartner Research: EVs Will Be Cheaper To Produce Than ICE Vehicles In 3 Years
For many years, electric vehicle critics have been pessimistic that EVs will ever go mainstream because they, have argued, will always be more expensive than fossil fuel-powered vehicles. Market experts have repeatedly pointed out that EVs need to achi…
Oil Industry Consolidation in the Legislative Spotlight
U.S. oil and gas companies spent a combined $250 billion in mergers and acquisitions last year. More than half of that came from just two megadeals: Exxon’s acquisition of Pioneer Natural Resources and Chevron’s takeover of Hess Corp. The buying spree,…
Offshore Oil & Gas E&P Staging A Comeback
The oil industry has found its newest exploration hotspot offshore Namibia. The high success rate of drilling and appraisal activity offshore Africa’s southwestern coast is spurring Big Oil to boost acreage in the area and seek other exploration fronti…
Biofuels Market Booms as Demand Exceeds Pre-Pandemic Levels
Biofuels are expected to play a major role in the global green transition, helping to power and decarbonise planes, ships and industry. These low-carbon fuels can be used to fill the renewable energy gap as they are suitable for application in industri…
Saudi Investments Spark Surge in Central Asian Renewable Development
When it comes to wind power in Central Asia, companies from the Persian Gulf have taken the lead. This week, Riyadh-based green energy company ACWA Power made the news in two countries in the region for it efforts in laying the ground for major project…
China Holds The Key To 2024 Global Oil Demand Growth
Despite an increase in China’s crude oil imports in the first two months of 2024, it’s too early to say how the purchases of the world’s top crude importer will impact global oil demand and prices this year. One thing is certain—the impact, in either d…