Oil & Gas

Justin Merriman | Bloomberg Creative Photos | Getty Images This year’s COP26 climate change conference must consign coal to the past, according to the U.K. lawmaker who will lead formal negotiations at the summit. In a wide-ranging speech delivered on Friday, COP26 President-designate Alok Sharma sought to emphasize the importance of ending international coal financing,
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GERARD JULIEN | AFP | Getty Images Oil companies will increase their investment in renewables over the coming years but won’t become major investors in the technology that underpins the sector, according to a lead author of the International Energy Agency’s Renewable Energy Market Update. Speaking to CNBC’s “Street Signs Europe” on Tuesday, Heymi Bahar
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During a White House press conference Tuesday, U.S. Secretary of Energy Jennifer Granholm said that she hopes Colonial Pipeline will be able to restore operation by week’s end. In a response to a reporter’s question about the feasibility of shipping fuel via rail cars to areas of the Southeast grappling with tight fuel supplies while
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(Bloomberg) — Gas stations along the U.S. East Coast are starting to run out of fuel as North America’s biggest petroleum pipeline fights to recover from a cyberattack that has paralyzed it for days. From Virginia to Florida and Alabama, fuel stations are reporting that they’ve sold out of gasoline as supplies in the region
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The DarkSide hacker gang that is reportedly responsible for the devastating Colonial Pipeline attack this weekend is a relatively new group, but cybersecurity analysts already know enough about them to determine just how dangerous they are. According to Boston-based Cybereason, DarkSide is an organized group of hackers set up along the “ransomware as a service”
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A member of President Biden’s Cabinet recently told oil companies what might happen to them if they fail to do something, and the admonition caught the attention of Rigzone’s downstream readership. Find out what the federal official said, along with other recent developments, in this recap of some of the most-viewed downstream-related articles from the
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(Bloomberg) — Drive down any highway in the world and you’ll see countless reminders that the price of Big Oil’s primary product is rising. What’s less obvious is how the inflationary pressures from transport fuel are being amplified by another part of this sprawling industry — chemicals. The cost of the building blocks for everything
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(Bloomberg) — Oil slipped below $69 a barrel as traders assessed an uneven recovery in global demand. Global benchmark Brent has struggled for momentum after failing to break above $70 a barrel on Wednesday. While major crude importer India is battling a record coronavirus wave that’s sapped economic activity, there are signs of rising oil
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Total (NYSE: TOT) has revealed that the company has realized the first ship-to-containership Liquefied Natural Gas (LNG) bunkering operation in France. The business said the world’s largest LNG bunker vessel in operation, Total’s Gas Agility, completed on April 30, at the Port of Dunkirk, the refueling of the world’s largest containership powered by LNG, the CMA CGM
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The board of directors of Velesto Energy Berhad has revealed that an incident involving its Naga 7 rig has occurred offshore Sarawak. The incident was said to have happened at a worksite due to rapid penetration into a formation on May 3 while operating for a client. Naga 7 tilted and subsequently submerged on May
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In this article .SPNY Energy has gone from first to worst. Energy stocks sank Friday, ending April as the month’s worst-performing sector despite slightly stronger-than-expected earnings from oil giants Exxon Mobil and Chevron. It is nevertheless the top-performing sector for 2021, up nearly 30%. In an interview Friday with CNBC’s “Trading Nation,” Craig Johnson, senior
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