Iraq is asking a U.S. federal court to enforce a ruling against Turkey over crude oil exports Turkey received from the Kurdistan Region of Iraq. The exports from the semi-autonomous Kurdistan region of Iraq into Turkey still have not resumed, leaving multiple fields in the KRG region shut in. Turkey …
Read More »The U.S. Looks to Lower EV Mileage Ratings
The U.S. administration is considering slashing the mileage ratings for electric vehicles (EVs) to meet fuel economy regulations for automakers, in a major overhaul of the Corporate Average Fuel Economy (CAFE) program. The U.S. Department of Energy is looking to reduce significantly the way petroleum-equivalent fuel economy for EVs is …
Read More »China’s Sinopec to Take Stake in Qatar’s North Field East
China’s Sinopec will take a stake in the eastern expansion of Qatar’s North Field liquefied natural gas (LNG) project, state energy company QatarEnergy said on Wednesday. The state-owned Chinese gas giant will take a 5 percent stake in the equivalent of one North Field East LNG train with a capacity …
Read More »Kazakhstan Takes Global Majors to Court over Oilfield Revenues
Kazakhstan on Tuesday said it had begun international arbitration court proceedings against energy majors including ExxonMobil and Shell over $16.5 billion (15.2 billion euros) in costs deducted from the revenues from two oilfields. The government “has begun international arbitration against the Karachaganak and Kashagan (operating) companies,” Energy Minister Almasadam Satkaliev …
Read More »Germany to Shut down Last Remaining Nuclear Power Plants
Betting that it can fulfil its green ambitions without atomic power despite the energy crisis caused by the Ukraine war, Germany is set to shut down its three remaining nuclear plants on Saturday. The cloud of white steam that has risen since 1989 over the river in Neckarwestheim, near Stuttgart, …
Read More »Sinopec Has Big Plans for Green Hydrogen
Sinopec, China’s oil and chemical giant, is set to build the first ‘West to East’ green hydrogen transmission line in the country, according to a report in state media. The company will construct a 400km pipeline from Inner Mongolia’s Ulanqab to Beijing to transfer hydrogen from renewable energy projects in …
Read More »Europe Gas Slides as Forecasts Point to Warmer, Windier Weather
European natural gas prices slid further as weather forecasts point to warmer and windier weather, signaling lower consumption of the fuel. Benchmark futures hit a two-week low, before paring some losses, with temperatures expected to rise in the coming days after April started on a chilly note. Relatively stable storage …
Read More »G7 Nations Tussle over Bid to Phase out Coal Power by 2030
Group of Seven nations are butting heads over the timeline for phasing out coal-fired power ahead of next weekend’s summit of top energy and environmental ministers. Draft communique documents circulated before negotiations resume Tuesday and seen by Bloomberg News show the European Union, the US and Japan expressed reservations about …
Read More »Bullish Oil Bets Surge most since 2016 after Surprise OPEC+ Cut
Speculators ramped up their bullish bets on higher oil prices after OPEC+ jolted markets with a surprise production cut, posting the second-largest increase in net-wagers on record last week. Net-long positions in Brent crude jumped by more than 73,000 contracts in the week to April 4, according to data from …
Read More »China Speeds up Digital, Green Transformation in Coal Industry
Riding on a driverless, rubber-tired vehicle to the coalface at a depth of 150 meters has become part of the daily routine for miners in Shangwan Coal Mine in the city of Ordos, north China’s Inner Mongolia Autonomous Region. Thanks to the digitization of the coal industry, miners no longer …
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