September 2023

By Cody Good Courtesy of ENERGYminute See more articles and infographics from ENERGYminute HERE The adoption of renewable energy sources has been driven by various factors, including environmental concerns, energy security, and decreasing costs. A country’s ability to generate renewables is highly dependent on its geography and abundance of natural resources. Many of the countries with …

INFOGRAPHIC: Renewable Energy Consumption by Country – ENERGYminute Read More »

(Reuters) – The Biden administration’s plan to slash offshore oil and gas leasing drew fire from both the fossil fuel industry and environmentalists on Friday, with energy companies saying it will raise fuel prices and greens saying it undermines efforts to stop global warming. The criticism from both sides reflects the difficulty Biden’s White House …

Biden Angers All Sides With Scaled Back Offshore Oil Drilling Plan Read More »

(Reuters) – Oil prices settled 1% lower on Friday due to macroeconomic concerns and profit taking, but rose about 30% in the quarter as OPEC+ production cuts squeezed global crude supply. Front-month Brent November futures settled down 7 cents to $95.31 per barrel at the contract’s expiry, up about 2.2% in the week and 27% …

Oil Settles Lower but Ends Quarter up 28% on Tight Global Supply Read More »

BP Plc.’s US president David Lawler is leaving the British oil giant, becoming the second top executive to quit this month after Chief Executive Officer Bernard Looney abruptly resigned. Lawler, who had been with BP for nine years, “has notified us of his intent to pursue new career opportunities outside of BP,” according to a …

Another BP Executive Departs With U.S. Head Resigning Read More »

(Reuters) – Gas flows to Cheniere Energy’s Corpus Christi, Texas, liquefied natural gas export plant on Friday were reduced for a fifth consecutive day, according to data provider LSEG. Cheniere is the largest U.S. producer and exporter of LNG, but since Monday feedgas intake at its Texas facility has averaged below 1.6 billion cubic feet …

Cheniere Energy’s Gas intake at Texas LNG Plant Down for Fifth Day Read More »

Sept 29 (Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row, reducing the rig count for a third consecutive quarter, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an …

US drillers cut oil and gas rigs for third quarter in a row -Baker Hughes Read More »

By Aaron Foyer Courtesy of ENERGYminute See more articles and infographics from ENERGYminute HERE Energy growth in developed and developing nations since 2000 has followed distinct trajectories due to differences in economic development, energy infrastructure, policies, and population growth. OECD Nations Steady or declining energy consumption: Most developed nations have experienced relatively stable or declining energy …

INFOGRAPHIC: Global Energy Growth: OECD v. Developing Nations – ENERGYminute Read More »

(Reuters) – Oil prices steadied on Thursday as investors weighed supply concerns against growing expectations that key Western economies will maintain high interest rates to tackle stubborn inflation. By 1111 GMT, Brent crude futures were down 37 cents to $96.18 a barrel after rising to their highest level since last November earlier in the session. …

Tight Supply, Inflation Concerns Keep Oil Investors on Fence Read More »

Hawaiian Electric Co.’s chief executive officer told Congress Thursday that the deadly Lahaina wildfire wasn’t the company’s fault, adding that it may take 12 to 18 months to understand the cause.During a hearing before House lawmakers, Shelee Kimura testified the company wasn’t to blame for the blaze that killed at least 97 people last month. Although an …

Deadly Maui Fire Not Hawaiian Utility’s Fault, CEO Testifies Read More »

U.S. natural gas futures edged up about 1% to a nine-week high on Thursday on forecasts for more demand this week than previously expected. That increase came ahead of a federal storage report expected to show a near-normal build last week and forecasts for milder weather and less demand next week than previously expected. Analysts …

U.S. Natgas Prices Edge Up 1% Ahead of Weekly Storage Report Read More »