Tag Archives: International

The coronavirus pandemic has accelerated the oil industry’s move to invest in green energy. French power giant Total became the latest energy company to increase its commitment to renewables at the end of September – to the tune of $3 billion extra (an increase of 50 percent). BP announced back …

Despite all they’re doing to address climate change with both emissions reduction plans, circular economy innovation and consumer awareness, Amazon, Google and Microsoft have been criticised for their close ties to the oil and gas sector. All of them are using their artificial intelligence prowess and analytics power to help …

There is a new emerging trend in renewable energy with a rather idyllic sounding name: energy communities. These communities are designed as a model for the brave new world of producer-consumers–individuals that not only take energy from the grid, but feed back into it via their personal energy production devices, …

Going digital has been on the agenda of oil companies for quite some time. They have, however, been taking their time, testing the digital waters before diving in. That was then. Now, oil companies are in a rush to digitize. Energy companies’ investment agendas were just one more thing that …

It’s official: The big hydrogen techlash is now history. For decades, there was an undeniable and growing animus towards anything hydrogen by the investing universe, with the technology relegated to niche corners of the market, such as material handling and emergency power backup. Hydrogen technology was considered too costly and …

Total SE joined the ranks of oil companies anticipating a peak for the industry in the coming decade, saying demand growth will end around 2030. While the French energy giant’s analysis is more conservative than that of BP Plc, which earlier this month said the era of oil-market growth was …

Energy ministers from the Group of 20 major economies called Tuesday for capital investments in innovative technologies and infrastructure to support energy security and bolster market stability as economies seek to recover from the novel coronavirus pandemic. “As we address the impact of the COVID-19 crisis, we recognize that energy …

Oil prices dipped on Monday as rising coronavirus cases upset hopes for a smooth recovery in fuel demand, with the main crude benchmarks on track for their first monthly falls in multiple months after slipping last week. Brent crude fell 37 cents, or 0.9%, to $41.55 a barrel by 0652 …

The OPEC+ production cuts and curtailments in the United States are set to help global inventories to continue drawing down for the rest of the year and most of next year, resulting in a relatively balanced market by the end of 2021, the U.S. Energy Information Administration (EIA) said on …

Oil prices rose for a fourth day in a row on Friday, putting crude on track for a weekly gain of about 10 per cent, after Saudi Arabia pressed allies to stick to production quotas and banks, including Goldman Sachs, predicted a supply deficit. Brent crude was up 18 cents …