The US Congress has recently approved the annual Defence Authorisation Bill, which among other things included a fresh bunch of sanctions targeting the joint pipeline project by Russia’s Gazprom and several European energy giants, after previous measures failed to thwart its construction. The Nord Stream 2 pipeline “will never carry …
Read More »Russia Restarts Nord Stream 2 Pipeline Construction despite U.S. Sanctions
Russia has resumed construction of the politically-charged Nord Stream 2 gas pipeline to Germany, laying pipes after a one-year hiatus prompted by U.S. sanctions, the pipeline operator said on Friday. The pipeline, which Washington says compromises European energy security, has become a flashpoint in relations between Russia and the West …
Read More »COVID-19 Drove an 11% Drop in U.S. Energy Sector’s CO2 Emissions
In 2020, CO2 emissions from the U.S. energy sector could be 11% lower than in 2019, according to U.S. Energy Information Administration (EIA) data through August and EIA estimates for September through December. According to values published in EIA’s December Short-Term Energy Outlook (STEO), EIA expects CO2 emissions in 2020 …
Read More »Russia Accuses US of Aggression over Nord Stream 2 Comments
Russia has accused the United States of illegal and aggressive behaviour regarding comments made about the controversial Nord Stream 2 natural gas pipeline, which will link Russia to Germany. Comments calling for a halt to the pipeline by a US diplomat were a “political aggression and illegal resistance” against the …
Read More »The Death of US Shale has been Greatly Exaggerated
The current year marks the 15th anniversary of the U.S. shale boom, a period in which fracking technology across such states as Texas, Colorado, New Mexico, North Dakota, and Wyoming helped establish the nation as a top oil and gas producer. Unfortunately, high costs of production compared with conventional drilling …
Read More »US Seeks ‘Moratorium’ on Nord Stream 2 Gas Pipeline
US has continued to put pressure on Germany and the EU to halt construction of the Nord Stream 2 gas pipeline linking Russia to Europe, which Washington sees as a “political tool” of the Kremlin, a top envoy said. “Now is the time for Germany and the EU to impose …
Read More »Exxon Faces Multi-Billion-Dollar Write Down as Fossil Fuel Prices Struggle
Exxon Mobil is about to incur the biggest write down in its modern history as what was once an exemplar of American capitalist might shudders under the weight of debilitated energy markets. Exxon — already hobbled by cratering crude prices, a global supply glut and a pandemic-driven collapse in fuel …
Read More »OPEC and the Pandemic has Broken the U.S. Shale Market
OPEC’s oil ministers have a few challenges to consider at a crucial summit next week, but for the first time in years, the U.S. shale boom won’t be at the top of the list. The global coronavirus pandemic continues to play havoc with the world’s economic sector, and oil prices …
Read More »It Took a Global Pandemic for OPEC to Slam the Door on U.S. Shale
OPEC’s oil ministers have a few challenges to consider at a crucial summit next week, but for the first time in years the shale boom won’t be at the top of the list. A devastating global pandemic and a reckoning with Wall Street appear to have broken the resolve of …
Read More »The Energy Project Trump can’t Stop Seeks Ways to Finish the Job
Russia can probably get around the latest U.S. sanctions against Nord Stream 2 and complete the pipeline, industry executives and analysts of the controversial project say. Gazprom PJSC, which owns the project to boost natural gas flows from Russia into Germany, says it’s drawing up alternatives to complete work that …
Read More »
Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel