NASA and the U.S. Department of Energy will seek proposals from industry to build a nuclear power plant on the moon and Mars to support its long-term exploration plans. The proposal is for a fission surface power system, and the goal is to have a flight system, lander and reactor …
Read More »U.S. Oil Rig Count Rises for the Eighth Week in a Row
Baker Hughes reported on Friday that the number of oil rigs in the United States rose by 10 to 236—the eighth week of oil rig additions. The total number of active oil and gas rigs increased for the week by 12, with oil rigs rising by 10 and gas rigs …
Read More »ConocoPhillips Makes Major Gas Discovery in Norwegian Sea
US-based energy company ConocoPhillips has made a significant gas discovery in the wildcat well 6507/4-1 offshore Norway. The new gas was found at the wildcat well 6507/4-1 that is drilled in the production licence 1009, which is located 35.41km northwest of the Heidrun field and 241.4km from the coast of …
Read More »Nord Stream 2 Sanctions to be Included in U.S. Defense Bill
House and Senate negotiators have reached an agreement to include additional sanctions against a gas pipeline between Russia and Germany in a must-pass defense bill, according to three people familiar with the matter. The sanctions against Gazprom PJSC’s Nord Stream 2 pipeline would target insurance and certification companies that work …
Read More »Trump’s Sanctions Rooted in Grudges against Iran
Iran’s Minister of Petroleum Bijan Zangeneh said on Monday that the US sanctions imposed by US President Donald Trump on the Iranian oil industry officials are due to his sense of revenge and drudges against Iran. Speaking in the opening ceremony of 181 natural gas projects in Fars Province through …
Read More »Coal Consumption in U.S. Electricity Sector Plunges 30%
Competition from record-low natural gas prices and reduced power demand in the lockdown in the spring sent coal consumption in the U.S. power sector down by 30 percent in the first half of 2020 compared to the same period last year, the U.S. Energy Information Administration (EIA) said on Friday. …
Read More »US Finally Exits Global Climate Pact amid Election Uncertainty
The United States formally exited the Paris Agreement on Wednesday, fulfilling a longstanding promise by US President Donald Trump to withdraw the world’s second-largest greenhouse gas emitter from the global pact to fight climate change. But the outcome of the tight US election contest will determine for how long this …
Read More »Trump Issues Executive Order on Fracking
Trump will issue an executive order to require an economic analysis of hydraulic fracturing, or fracking, as the president seeks to use what he portrays as Biden’s mixed messages on energy to woo voters in the swing states of Pennsylvania and Ohio. The order calls for U.S. agencies to analyze …
Read More »OPEC Surrounded by Bears as Critical U.S. Election Nears
The members of the Organization of Petroleum Exporting Countries (OPEC) and their non-OPEC allies, have set the stage for a dramatic meeting at the end of November as bears look firmly in control of oil markets. The expanded OPEC-plus alliance, which is dominated by Saudi Arabia and Russia, could have …
Read More »Nord Stream 2 Gas Pipeline Edges Closer to Completion as Broader US Sanctions Come Into Effect
The EU imported the highest ever volume of LNG in 2019 at 108 billion cubic meters, marking 27% of total gas imports and 22% of the EU’s gas consumption, according to the European Commission. The gas market report showed that Qatar supplied 30 bcm of LNG to the EU in …
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