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Oil and Gas

Industry players say energy transition is falling behind, oil demand set to persist

by Milton Acorn
Industry players say energy transition is falling behind, oil demand set to persist

Oil rigs on platforms in Gaoyu Lake in east China’s Jiangsu province Friday, Sept. 17, 2021. Barcroft Media | Getty Images Oil and gas will continue to be leading sources …

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Categories Science

Approaching a Limit: India’s Dependence on Russian Oil May Reach a Ceiling

by Adrian Jhonsan
Approaching a Limit: India’s Dependence on Russian Oil May Reach a Ceiling

An oil refinery, operated by Bharat Petroleum Corp., in Mumbai, India. Dhiraj Singh | Bloomberg | Getty Images India’s ability to import more Russian oil may have hit a limit, …

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Categories World

The Implications of Recent OPEC+ Cuts for Three Prominent U.S. Energy Companies

by Milton Acorn
The Implications of Recent OPEC+ Cuts for Three Prominent U.S. Energy Companies

A decision Monday by Saudi Arabia and Russia, the world’s largest oil exporters, to cut production in an effort to push up oil prices is a bullish development for the …

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Categories Science

Petronas CEO emphasizes Asia’s crucial role in achieving global net zero

by Milton Acorn
Petronas CEO emphasizes Asia’s crucial role in achieving global net zero

Petronas sign against the backdrop of the Twin Towers. Goh Seng Chong | Bloomberg | Getty Images Asia needs to achieve net zero before the world can do so, according …

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Categories Science

Saudi Energy Minister Demonstrates Unity with Russia through Riyadh-Moscow Oil Cuts

by Milton Acorn
Saudi Energy Minister Demonstrates Unity with Russia through Riyadh-Moscow Oil Cuts

Saudi Minister of Energy Prince Abdulaziz bin Salman al-Saud speaks during a panel discussion at the 10th Arab-China Business Conference in Riyadh, on June 11, 2023. Fayez Nureldine | Afp …

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Categories Science

Oil drop blamed on recessionary signals by Aramco chief

by Milton Acorn
Oil drop blamed on recessionary signals by Aramco chief

Amin Nasser, chief executive of Saudi Arabian oil giant Aramco. Adam Galica | CNBC The chief executive of Saudi Arabian oil giant Aramco on Wednesday attributed the ongoing depression of …

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Categories Science

TotalEnergies CEO stands by oil and gas strategy in the face of climate protests

by Milton Acorn
TotalEnergies CEO stands by oil and gas strategy in the face of climate protests

The chief executive of TotalEnergies defended the firm’s greenhouse gas emissions strategy, saying the company remains committed to oil and gas despite repeated warnings that increasing fossil fuel production will …

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Categories Science

OPEC Chief Actively Seeking New Members for Oil Producers’ Group

by Milton Acorn
OPEC Chief Actively Seeking New Members for Oil Producers’ Group

Haitham al-Ghais, Secretary-General of OPEC, Signals Alliance’s Openness to New Members The secretary-general of the Organization of Petroleum Exporting Countries (OPEC) has revealed that the influential producers’ alliance is actively …

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Categories Science

These 5 charts demonstrate Germany’s stagnant economy.

by Milton Acorn
These 5 charts demonstrate Germany’s stagnant economy.

Germany, Europe’s largest economy, has entered a technical recession, and economists predict that GDP growth will be stagnant for the rest of the year. This has raised concerns about the …

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Categories Science

Alaska, Once Oil-Rich, Now Seeks New Carbon Boom Amidst Struggles as Worst State for Business

by Milton Acorn
Alaska, Once Oil-Rich, Now Seeks New Carbon Boom Amidst Struggles as Worst State for Business

An oil pipeline stretches across the landscape outside Prudhoe Bay in North Slope Borough, Alaska, May 25, 2019. The Washington Post | The Washington Post | Getty Images Alaska can …

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Categories Science
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