Tuesday, May 17, 2022

Energy

U.S. Judge Rescinds Oil-and-Gas Lease Sale in Gulf of Mexico

On Thursday, a United States judge revoked a major oil and gas leases sale for the wide swath of the Gulf of Mexico, saying the administration failed to properly account for its climate change effect. The decision has cast...

Huntington Beach Mayor Calls California Oil Spill A “Potential Ecological Disaster”

The United States Coast Guard (USCG) received the initial report of a major oil spill off the Southern Californian coast forced Huntington Beach half-day before a firm informed the major leak in its pipeline and a cleanup effort was...

Beijing Promises To Halt New Coal Energy Growth Abroad

Beijing won’t make novel coal-fire developments outside the country; an action could be essential in handling global emissions. Xi Jinping (President of China) made the declaration in his speech at the UNGA (United Nations General Assembly). Moreover, Beijing has been...

Engine No. 1 Wins two Board Seats at ExxonMobil Amid Historic Battle Over Climate Change

Engine No. 1, an investment firm purpose-made to create long-standing value by harnessing the power of capitalism, won the election of at least two board seats at Exxon following a historic battle over the gas giant’s 12-member board, signaling...

Arctic-Superpower Jostling Warm Up as Russia Acquire major Role

Words’ battle this week between the top United States and Russian diplomats is the latest sign of increasing tensions between world powers racing to seize Arctic resources made more accessible by climate change. Ministers gathering in Reykjavik (capital of Iceland)...

Ransomware Attack Halted Huge Gasoline Pipeline in East Coast

In a statement, the Colonial Pipeline (which pushes around half of the East Coast’s gasoline) described that it has closed its network overnight because of the ransomware attack, in the recent instance of hacking troublesome an American firm’s working. Late...

Oil prices plunge as American producers boost output after Hurricane Delta

On Monday, oil prices slipped for the 2nd straight session when American oil producers started restoring production after Hurricane Delta weakened, while a collapse that had affected output in Norway came to an end. For December, Brent crude LCOc1 down...

Oil prices stay constant as the tropical storm hit the United States

On Monday, oil prices a little elevated when a tropical storm got a vision for the United States Gulf of Mexico area, stopping some production, although price gains were covered by the potential return of crude oil output in...

Saudi Aramco is now facing the cost of a useless oil price war

It was clear to everybody that the recent Saudi started oil price war would finish with much horrible failure for the Saudi oil producers, just like the past 2014-2016 effort did, which was also started for the same reasons. For...

KSA oil shipments to United States drop to 35-year low

This spring, Saudi Arabia drove Republicans anger in Washington by delivering a fleet of tankers to the United States to sink American oil producers with the cheapest crude. In August, America just bought 264,000 barrels per day of Saudi crude...

Latest News

Several of Ukrainian Soldiers Freed from Azovstal Plant to Novoazovsk, Olenivka

After a lengthy deadlock, Hanna Malyar, Ukrainian Deputy Defense Minister, said Monday that around two hundred and sixty-four Ukrainian...