Sign Up for FREE Daily Energy News
Canadian Flag CDN NEWS  |  US Flag US NEWS  | TIMELY. FOCUSED. RELEVANT. FREE
  • Stay Connected
  • linkedin
  • twitter
  • facebook
  • youtube2
BREAKING NEWS:

Copper Tip Energy Services
Hazloc Heaters
Vista Projects
Vista Projects
Hazloc Heaters
Copper Tip Energy


The World Needs to Spend 10X More a Year to Curb Methane

The world needs to dramatically ramp up spending tenfold to $110 billion a year to curb methane releases and avoid the worst of climate change, a new study has found.The potent greenhouse gas is responsible for nearly half of net global warming to date, yet just 2% of global climate finance is directed towards curbing releases of the gas, according … Read more

GET ENERGYNOW’S DAILY EMAIL FOR FREE

 

Solar Growth Estimates for 2050 Are Aggressive, But Not Unrealistic

Two key findings from BP Plc’s annual deep dive on global energy statistics are that renewable electricity has grown at an extraordinary clip in the past two decades, and it still has very far to go. Solar and wind have expanded by orders of magnitude and now make up more than 10% of global electricity; that also means that … Read more

GET ENERGYNOW’S DAILY EMAIL FOR FREE

 

Oil Extends Volatile Week as Tight Market Vies With Slowdown

Texas Oil Pump

Jul 7, 2022 (Bloomberg) Oil fluctuated, with prices on course for a deep weekly loss, as investors weighed concerns that a potential global slowdown would hollow out energy demand against signs of still-tight physical markets. US benchmark West Texas Intermediate crude traded above $99 a barrel, still more than 8% lower this week. Over the past … Read more

GET ENERGYNOW’S DAILY EMAIL FOR FREE

 

Shell Sees $1 Billion Gain in Refining on Record Fuel Prices

Jul 7, 2022 (Bloomberg) Shell Plc said soaring margins from fuel production may have added more than $1 billion to the earnings of its refining business last quarter, when gasoline prices broke records in several countries. The trading update from the London-based energy giant is the first indicator of just how much cash was flowing into … Read more

GET ENERGYNOW’S DAILY EMAIL FOR FREE

 

Pandell Leadership Series: How to Win Buy-In for Finance Innovation

pandell logo 400x270 1 300x203

About Like most energy companies, your organization has invested in technology that supports its core operations. But with the world’s landscape rapidly evolving and shifting, there’s a strong need to implement newer and complementary tools to existing systems that meet the demands of today’s challenges.  If you want your business to evolve, the way you … Read more

GET ENERGYNOW’S DAILY EMAIL FOR FREE

 

DTE Energy Foundation emphasizes diverse workforce and expands educational opportunities in Michigan with $1.25 million in grants

DTE Energy Logo

Grants will fund women and minority leadership activities, college advancement programs, STEM education events, and climate change curriculums Detroit, July 06, 2022 (GLOBE NEWSWIRE) — The DTE Energy Foundation today announced it has awarded $1.25 million in grants to four Michigan organizations committed to advancing critical education and employment programs that benefit Michigan students and residents. The … Read more

GET ENERGYNOW’S DAILY EMAIL FOR FREE

 

VAALCO Energy Announces Successful Completion of South Tchibala 1HB-ST Well and Provides Operational Update

July 07, 2022 HOUSTON, July 07, 2022 (GLOBE NEWSWIRE) — VAALCO Energy Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company“) today provided an update on the South Tchibala 1HB-ST well that was successfully drilled and completed from the Avouma platform in the Etame field, offshore Gabon, as well as additional operational information regarding its activities … Read more

GET ENERGYNOW’S DAILY EMAIL FOR FREE

 

Ten Policies to Unleash American Energy and Fuel Recovery

sun wind oil 400x270

America’s core promise – the freedom to be, to create, to aspire – drives the opportunity for all Americans to have better lives and reach new heights. American energy empowers American opportunity. Given today’s global unrest and economic uncertainty, this has never been more true. Americans have been here before, with fuel shortages in the 1970s serving … Read more

GET ENERGYNOW’S DAILY EMAIL FOR FREE

 

EU lawmakers back gas, nuclear energy as sustainable

eu president 1200x810

BRUSSELS (AP) — European Union lawmakers voted Wednesday to include natural gas and nuclear in the bloc’s list of sustainable activities, backing a proposal from the EU’s executive arm that has been drawing fierce criticism from environment groups and now looks set to trigger legal challenges. As the EU wants to set the best global … Read more

GET ENERGYNOW’S DAILY EMAIL FOR FREE

 

Oil Steadies Near $100 After Growth Worries Stoke Mammoth Drop

(Bloomberg) Oil steadied around $100 a barrel, with Goldman Sachs Group Inc. arguing that a plunge driven by fears a recession will hurt demand was overdone. West Texas Intermediate rose 0.8%, while Brent added 1.5%. Those gains were small compared to Brent’s decline of more than $10 on Tuesday, its third largest ever in dollar … Read more

GET ENERGYNOW’S DAILY EMAIL FOR FREE

 

Move over oil – natural gas is the hottest commodity in the world now

Natural Gas Flame

Shortages of the fuel are rippling throughout the global economy, threatening recessions and a further wave of inflationOne morning in early June, a fire broke out at an obscure facility in Texas that takes natural gas from U.S. shale basins, chills it into a liquid and ships it overseas. It was extinguished in 40 minutes … Read more

GET ENERGYNOW’S DAILY EMAIL FOR FREE

 

U.S. gasoline futures fall nearly 10% on recession worries

gas prices us may 24 2022

Gasoline prices are displayed as fuel costs continues to climb close to record setting territory in Encinitas, California, U.S., May 9, 2022. REUTERS/Mike Blake July 5 (Reuters) – Fears of global recession sent U.S. gasoline futures down 9.7% on Tuesday, the biggest one-day drop in 16 weeks in a move that could cool retail fuel … Read more

GET ENERGYNOW’S DAILY EMAIL FOR FREE

 

Putin Dodges Worst of Economic Pain as Oil Eases Sanctions Hit

putin sanctions linkedin 1200x810

Jul 6, 2022 (Bloomberg) Russia appears on track for a much shallower recession than many forecasters initially expected this year, boosted by rising oil production that has blunted the impact of US and European sanctions over its war in Ukraine. Economists from JPMorgan Chase & Co., Citigroup Inc. and other big banks are slashing their … Read more

GET ENERGYNOW’S DAILY EMAIL FOR FREE

 

Norway Energy Strike to End After Government Proposes Wage Board

Offshore drilling

Jul 6, 2022 (Bloomberg) A strike by oil workers in Norway that threatened to have wider ramifications for Europe’s energy supply is heading for resolution after the government proposed a compulsory wage board to tackle the dispute. “The parties themselves are generally responsible for finding a solution in such instances,” Norway’s Minister of Labour and Social … Read more

GET ENERGYNOW’S DAILY EMAIL FOR FREE

 

Mohammad Barkindo, OPEC Secretary-General, Dies at 63

OPEC Secretary-General Mohammad Barkindo addresses a news conference in Vienna, Austria, November 7, 2017. REUTERS/Heinz-Peter Bader

OPEC Secretary-General Mohammad Barkindo, an oil industry veteran who steered the group through the creation of the OPEC+ alliance, has died in his native Nigeria. He was 63. Barkindo was in the final weeks of his six-year tenure as the top diplomat at the Organization of Petroleum Exporting Countries, where he headed its Vienna-based secretariat. … Read more

GET ENERGYNOW’S DAILY EMAIL FOR FREE

 

Germany Faces Limited Options If Nord Stream Flows Don’t Return

Natural Gas Pipeline

Jul 5, 2022 (Bloomberg) A key pipeline delivering Russia’s natural gas to Europe may not return to full capacity after planned maintenance this month, Goldman Sachs Group Inc. said, echoing the concerns of German officials. Nord Stream 1 is set to shut for works on July 11-21, tightening a market that’s seen prices soar in recent … Read more

GET ENERGYNOW’S DAILY EMAIL FOR FREE

 

Fugitive Emissions: Making the Invisible Visible

Clear Rush Co Feature Logo 400x270

Canada has been striving to meet its environmental commitments, bolster its economy, and create a lower carbon energy sector. Reducing methane and other greenhouse gas (GHGs) emissions in the oil and gas sector is an important part of accomplishing this goal. The Government of Canada has committed to reducing methane emissions from the oil and … Read more

GET ENERGYNOW’S DAILY EMAIL FOR FREE

 

QR Codes with Added Benefits! Explore The Multiple Benefits of This State-Of-The-Art App.

dereader featured logo 400x270

DeReader allows you to store and share information with anyone no matter the distance. This mobile and desktop app offers a complete solution to on-site fieldwork and more. Eliminate paperwork from your life. Connect your physical assets to any accompanying documentation. Share it with anyone, anywhere. Benefits: More than Just a QR Code The DeReader QR … Read more

GET ENERGYNOW’S DAILY EMAIL FOR FREE

 

Hydrogen Rising: A Developing Component of the Energy Sector

glj feature logo 400x270 2020 update 300x203

BY DEVIN LACEY, Senior Business Analyst at GLJ Hydrogen is the most abundant element in the universe, making up almost 75% of all matter.  As a zero-emissions energy carrier, it stands to reason that as the world works to decarbonize our energy systems, the ability to tap into this vast resource would go a long … Read more

GET ENERGYNOW’S DAILY EMAIL FOR FREE

 

Enclosed Combustion Device Monitoring using Artificial Intelligence

West-Country-Energy-Services Feature Logo 400x270

HD Visible and OGI Coverage Using a combination of our 360-degree optical camera and our OGI camera, we can simultaneously monitor your ECD’s for errant behavior. Dump Washouts Dump washouts are a common cause of ECD’s smoking. By detecting ECD emissions, you can avoid systemic (and more expensive) problems. Improve burner performance and save money … Read more

GET ENERGYNOW’S DAILY EMAIL FOR FREE

 

RESEARCH: New Vent Metering Technologies Trialed for Precision in Greenhouse Gas Emissions Monitoring

ventbuster instruments feature logo 400x270

Existing meters for measuring venting greenhouse gas (GHGs) emissions are insufficiently accurate or prohibitively expensive. As a result, there is little information on actual flow rates into the atmosphere from various industrial venting sources. It is essential to quantify these sources’ flow rates because they represent either methane being released to the atmosphere or negation … Read more

GET ENERGYNOW’S DAILY EMAIL FOR FREE

 

Shell Invests in Qatar’s $29 Billion Liquefied Gas Project

Jul 5, 2022 (Bloomberg) Shell Plc became the latest international energy company to invest in Qatar’s $29 billion liquefied natural gas project, clinching a 6.25% stake as Europe races to secure new supplies of the fuel. Shell joins TotalEnergies SE and Exxon Mobil Corp. in the venture, which will boost Qatar’s LNG output capacity by more … Read more

GET ENERGYNOW’S DAILY EMAIL FOR FREE

 

Oil from U.S. reserves head overseas as gasoline prices stay high

storage strategic reserve1200x810 dec 1 2022

HOUSTON, July 5 (Reuters) – More than 5 million barrels of oil that were part of a historic U.S. emergency oil reserves release aimed at lowering domestic fuel prices were exported to Europe and Asia last month, according to data and sources, even as U.S. gasoline and diesel prices touched record highs. The export of … Read more

GET ENERGYNOW’S DAILY EMAIL FOR FREE

 

Oil Falls as Recession Fears Boost Demand Concerns

LONDON, July 5 (Reuters) – Oil prices slipped on Tuesday, reversing earlier gains, as concerns of a possible global recession curtailing fuel demand outweighed supply disruption fears, highlighted by an expected production cut in Norway. Brent crude fell $1.49, or 1.3%, to $112.01 a barrel by 1020 GMT. U.S. West Texas Intermediate (WTI) crude fell … Read more

GET ENERGYNOW’S DAILY EMAIL FOR FREE

 

Ring Energy Announces Agreement to Acquire Stronghold’s Permian Basin Assets

Immediately Accretive Transaction Expected to Nearly Double Production, Reserves and Projected Free Cash Flow THE WOODLANDS, Texas, July 05, 2022 (GLOBE NEWSWIRE) — Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced it has entered into an agreement to acquire (the “Transaction”) the assets of privately-held Stronghold Energy II Operating, LLC and … Read more

GET ENERGYNOW’S DAILY EMAIL FOR FREE

 

Open Letter to Joe Biden – Visit American Energy Sites Ahead of Planned Trip to Saudi Arabia

Ahead of the President’s travel to the Middle East next month, the American Petroleum Institute (API) today joined with 27 energy associations to urge President Biden and his Cabinet to visit America’s major energy facilities – from production to distribution to refining to innovation hubs – as geopolitical volatility and energy costs continue to rise. … Read more

GET ENERGYNOW’S DAILY EMAIL FOR FREE

 

Column: Biden unlikely to secure lower oil prices from Saudi Arabia – John Kemp

LONDON, July 1 (Reuters) – U.S. President Joe Biden has called on Saudi Arabia and other Gulf producers to increase their oil output to help stabilise prices, which have surged as a result of a strong rebound in consumption after the pandemic and now sanctions on Russia. But Saudi Arabia and the other Gulf Cooperation … Read more

GET ENERGYNOW’S DAILY EMAIL FOR FREE

 

U.S. natgas dips on slightly cooler weather projections, Freeport shutdown

Natural Gas Terminal

U.S. natural gas futures fell more than 6% on Tuesday as a slightly cooler shift to near term weather forecasts added to headwinds from a prolonged shutdown of Freeport LNG export plant. Front-month gas futures for August delivery on the New York Mercantile Exchange (NYMEX) fell 11.7 cents, or 2%, to $5.613 per mmBtu at 10:03 a.m. … Read more

GET ENERGYNOW’S DAILY EMAIL FOR FREE

 

Bezos Slams Biden Over Call for Lowering of Gas Prices

July 3 (Reuters) – Amazon.com Inc (AMZN.O) founder Jeff Bezos renewed his spat with the White House over the weekend, as the world’s third-richest person criticized President Joe Biden for calling on companies running gasoline stations to lower their prices. In a tweet on Saturday, Biden said, “this is a time of war and global peril,” and … Read more

GET ENERGYNOW’S DAILY EMAIL FOR FREE

 

Shippers Still Willing to Touch Russian Crude Oil Are Cashing In

Jul 4, 2022 (Bloomberg) A handful of shipowners still willing to transport Russian crude are reaping big rewards on at least one route as others shun the trade.Shippers can earn around $1.6 million hauling Russian ESPO oil on a small tanker from the eastern port of Kozmino to China, said shipbrokers. That’s around triple the amount prior … Read more

GET ENERGYNOW’S DAILY EMAIL FOR FREE

 

Column: Oil bulls retreat as economic outlook darkens – John Kemp

oil drop 2022 1200x810

Investors continued to liquidate bullish long positions in petroleum last week as the economic outlook deteriorated though the rate of selling was much slower after heavy selling the week before. Hedge funds and other money managers sold the equivalent of 9 million barrels in the six most important futures and options contracts in the week … Read more

GET ENERGYNOW’S DAILY EMAIL FOR FREE

 

The Energy Month Innovators of 2022: Watch Their Presentations HERE

energy innovation month post conference

What is Energy Innovation Month? June’s Energy Innovation Month on EnergyNow was a month-long promotional campaign that featured some of the latest and greatest innovation, technology, and research from experts across the energy sector. Please review the list of presenters below and watch the ones you are most interested in.  Each presentation is approximately 5 … Read more

GET ENERGYNOW’S DAILY EMAIL FOR FREE

 

Oil’s Extreme: Oil could hit $380 if Russia slashes output over price cap, J.P.Morgan says

Brent prices could soar to a “stratospheric” $380 a barrel in “the most extreme scenario” of Russia slashing oil production by 5 million barrels per day (bpd) in retaliation to a price cap being considered by the Group of Seven, analysts at J.P.Morgan said in a note dated July 1. G7 economic powers agreed last … Read more

GET ENERGYNOW’S DAILY EMAIL FOR FREE

 

Norwegian oil and gas workers start strike, cutting output

FILE PHOTO: A logo of Equinor, formerly known as Statoil, is seen at the company's headquarters in Fornebu, Norway May 21, 2018. REUTERS/Nerijus Adomaitis

OSLO, July 5 (Reuters) – Norwegian offshore workers on Tuesday began a strike that will reduce oil and gas output, the union leading the industrial action told Reuters. The strike, in which workers are demanding wage hikes to compensate for rising inflation, comes amid high oil and gas prices, with supplies of natural gas to … Read more

GET ENERGYNOW’S DAILY EMAIL FOR FREE

 

Oil slips as recession fears balance tight supply

Oil fluctuated as investors weighed concerns that a global slowdown will erode demand against still-solid physical market signals. West Texas Intermediate futures dipped below $108 a barrel, having earlier topped $109, with trading volumes curtailed by the US Fourth of July holiday. Crude has been buffeted over the past month by indications of an impending recession, … Read more

GET ENERGYNOW’S DAILY EMAIL FOR FREE

 

24th World Petroleum Congress: Call for Papers Open Until July 7, 2022

world petroleum congress 2023 feature logo 400x270

Are you ready for Net Zero? Call for Papers for the 24th World Petroleum Congress, Calgary edition is now open! Join a line-up of industry experts and energy practitioners and share your strategies to shape the future of the energy landscape to deliver innovations to address GHG challenges. Choose from 17 technical forums across 4 … Read more

GET ENERGYNOW’S DAILY EMAIL FOR FREE

 

U.S. LNG exports fall to lowest since Feb after Freeport explosion

U.S. exports of liquefied natural gas (LNG) in June fell to the lowest in four months, data from Refinitiv Eikon showed, after the country’s second-largest LNG plant was shut by an explosion. LNG shipments from the United States to Europe had rocketed before the June 8 blast, which knocked out Freeport LNG. The plant had … Read more

GET ENERGYNOW’S DAILY EMAIL FOR FREE

 

Norway strike could cut gas output by 13% next week, oil lobby says

Offshore drilling

OSLO, July 3 (Reuters) – A planned strike next week by Norwegian energy sector workers could cut the country’s gas output by 292,000 barrels of oil equivalent per day, or 13% of output, employers’ group the Norwegian Oil and Gas Association (NOG) said on Sunday. Oil output could be cut by 130,000 barrels per day, … Read more

GET ENERGYNOW’S DAILY EMAIL FOR FREE

 

U.S. oil & gas rig count falls for first time in five weeks – Baker Hughes

U.S. energy firms this week cut the number of oil and natural gas rigs for the first time in five weeks even as crude production hit its highest in more than two years in response to tight worldwide supply and high prices. The U.S. oil and gas rig count, an early indicator of future output, … Read more

GET ENERGYNOW’S DAILY EMAIL FOR FREE

 

Biden’s Offshore Drilling Plan Could Bring New Lease Sales

FILE PHOTO: Representative Steve Scalise (R-LA) views BP's Thunder Horse Oil Platform in the Gulf of Mexico, from the air, 150 miles from the Louisiana coast in this May 11, 2017 handout photo obtained by Reuters June 26, 2017. Chris Bond/Handout via REUTERS

  (Bloomberg)The Biden administration opened the door to selling new oil and gas drilling leases in the Gulf of Mexico and Alaska in a move likely to anger climate activists pushing to see a domestic ramp down for fossil fuels.The Interior Department is proposing as many as 11 lease sales over the next five years, … Read more

GET ENERGYNOW’S DAILY EMAIL FOR FREE

 

Exxon Sees $5.5 Billion Refining Windfall as Gas Prices Soar

(Bloomberg) Exxon Mobil Corp.’s second-quarter refining earnings surged by as much as $5.5 billion, signaling a season of windfall profits for the fuel-making sector as consumers bear the burden of near-record gasoline prices. Widening refining margins added as much as $4.6 billion during the quarter while the value of unsettled derivatives provided up to $900 … Read more

GET ENERGYNOW’S DAILY EMAIL FOR FREE

 

U.S. LNG exports fall to lowest since Feb after Freeport explosion

lng tanker being loaded 1200x810

July 1, 2022U.S. exports of liquefied natural gas (LNG) in June fell to the lowest in four months, data from Refinitiv Eikon showed, after the country’s second-largest LNG plant was shut by an explosion. LNG shipments from the United States to Europe had rocketed before the June 8 blast, which knocked out Freeport LNG. The … Read more

GET ENERGYNOW’S DAILY EMAIL FOR FREE

 

Here are Four Seismic Shifts in Global Energy Within One Lifetime

Renewables now account for 13 per cent of global power generation Every year, energy supermajor BP Plc performs a much-needed service for economists, analysts and long-term planners everywhere with its annual Statistical Review of World Energy. Published since the 1960s, it’s a trove of data on energy production and consumption, power generation, trade flows and … Read more

GET ENERGYNOW’S DAILY EMAIL FOR FREE

 

COMMENTARY: A 10-Point Plan for a Better Transition – Irina Slav

By Irina Slav More from Irina Slav The idea of the energy transition has been occupying a lot of my time and mental capacity lately so I thought I’d put together some thoughts on how we could do it more, shall we say, economically. 1. Improve tax collection: There’s always room for improvement here and it’s … Read more

GET ENERGYNOW’S DAILY EMAIL FOR FREE

 

Oil’s Week in Review: Oil rises more than 2% as supply outages outweigh recession fears

Oil Pumpjack

Summary For the week, Brent falls 1.3% while WTI rises 0.8% Norway oil and gas workers’ strike could cut about 8% of output Libya announces force majeure over two ports and oilfield U.S. manufacturing activity slows more than expected in June U.S. oil rig count up by one this week -Baker Hughes NEW YORK, July … Read more

GET ENERGYNOW’S DAILY EMAIL FOR FREE

 

Texas power use to break records next week as heatwave returns

July 1 (Reuters) – Power demand in Texas will likely hit new all-time highs next week as economic growth boosts overall use and homes and businesses crank up their air conditioners to escape another heat wave. The Electric Reliability Council of Texas (ERCOT), which operates the grid for more than 26 million customers representing about … Read more

GET ENERGYNOW’S DAILY EMAIL FOR FREE

 

Factbox: The Western Companies in Russia’s Oil and Gas Sector

Schlumberger

Summary This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine July 1 (Reuters) – President Vladimir Putin has signed a decree to seize full control of Sakhalin-2 gas and oil project in Russia that could force out Shell and Japanese investors, Moscow’s latest broadside in an economic … Read more

GET ENERGYNOW’S DAILY EMAIL FOR FREE