Oil Price Canada has officially ended its government support for international fossil fuel projects, fulfilling a commitment it made at last year’s Conference of the Parties, or COP, Ottawa said in a statement. “The Government of Canada is taking a suite of actions to achieve Canada’s climate goals,” the statement read. “These include accelerating our G20 commitment “to phase out and
World Oil DTEK Group, NJSC Naftogaz of Ukraine and NPC Ukrenergo called on the international business community to stop buying Russian energy resources and stop any supplies of components and technologies for the fuel and energy sector to Russia. “We call on all Western companies to stop any cooperation with Russia in the fuel and energy sector. Refuse to buy
EIA With more than 1.3 billion people, India is the second-most populous country in the world and has the third-highest energy consumption level after China and the United States. To help meet the country’s energy needs, India is expanding its electric transmission infrastructure to improve electricity movement between regions of the country. In the International Energy Outlook 2020 (IEO2020), the U.S. Energy Information Administration
360 Feed Wire -Frankfurt Company’s commitment and actions to sustainability recognised by Chemical Week Journey of continuous improvement since establishment of sustainability programme in 2014 INEOS Styrolution, the global leader in styrenics, announced today that it has been chosen by Chemical Week as a finalist in the magazine’s sustainability awards 2020 under the category “best sustainability programme”. INEOS Styrolution was
EIA In 2017, the United States exported more natural gas than it imported on an annual basis for the first time in nearly 60 years, making it a net natural gas exporter. Since then, U.S. net natural gas exports have more than doubled every year: from 0.3 billion cubic feet per day (Bcf/d) in 2017 to 2 Bcf/d in 2018 and
EIA Daily natural gas deliveries to U.S. facilities that produce liquefied natural gas (LNG) for export were a record 9.8 billion cubic feet per day (Bcf/d) in late March 2020, but deliveries fell to less than 4.0 Bcf/d in June, according to data by IHS Markit. A mild winter and COVID-19 mitigation efforts have led to declining global natural gas
EIA Oil & Gas 360 Publishers Note: To help understand the OPEC + members, take a look at the breakeven crude oil prices. Breakeven is is the fiscal breakeven, the minimum price that a country needs to receive per barrel of crude oil sold for its government to meet its immediate spending needs and balance its budget. This says a
EIA Markets for oil, as well as other commodities and equities, have experienced significant volatility and price declines since the final week in February amid concerns over the economic effects of the 2019 novel coronavirus disease (COVID-19). More recently, markets fell after the Organization of the Petroleum Exporting Countries (OPEC) and partners failed to reach an agreement to continue crude
EIA In the February 2020 update of its Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) forecasts that global liquid fuels demand will average 101.7 million barrels per day (b/d) in 2020, 1.0 million b/d more than the 2019 average. This latest estimate of 2020 global liquid fuels demand is 378,000 b/d less than was forecast in the January 2020
EIA EIA forecasts these deliveries to account for an increasingly larger share through 2021 as new LNG facilities are placed in service and new pipelines in Mexico that connect to U.S. export pipelines begin operations. In its Short-Term Energy Outlook (STEO), released on January 14, the U.S. Energy Information Administration (EIA) forecasts that U.S. natural gas exports will exceed natural gas
EIA By 2050, coal-fired generation comprises only 5% of the region’s generation mix. According to the U.S. Energy Information Administration’s (EIA) International Energy Outlook 2019 (IEO2019), global electric power generation from renewable sources will increase more than 20% throughout the projection period (2018–2050), providing almost half of the world’s electricity generation in 2050. In that same period, global coal-fired generation will decrease
Baker Hughes (stock ticker: BHGE) released its monthly international rig count today, revealing an increase of 64 compared to April, bringing the total number of rigs to 1,126. The number of offshore rigs, however, fell 11 compared to last month, totaling 240. All regions experienced a net decrease in rigs compared to last month except for Europe, which increased 88
