Boosted by surging output, the United States is becoming a significant exporter of crude oil, a shift that is remaking American infrastructure and altering the global petroleum market. Now pumping more than 10 million barrels per day, the US has become the second biggest oil producer in the world behind Russia and ahead of Saudi Arabia.… (more…)

US crude exports becoming bigger presence in global oil

Boosted by surging output, the United States is becoming a significant exporter of crude oil, a shift that is remaking American infrastructure and altering the global petroleum market. Now pumping more than 10 million barrels per day, the US has become the second biggest oil producer in the world behind Russia and ahead of Saudi Arabia.… Read more

World Bank to stop financing oil, gas projects from 2019

The World Bank will stop financing oil and gas exploration and extraction from 2019, it announced Tuesday at a climate summit seeking to boost the global economy’s shift to clean energy. “The World Bank Group will no longer finance upstream oil and gas, after 2019,” it said in a statement in Paris, where world leaders sought… Read more

Venezuela’s Maduro says he could stop oil sales to US

Venezuelan President Nicolas Maduro floated the idea Tuesday of cutting off oil sales to the United States, which buys almost half its output. Never one to shy away from provocative rhetoric, socialist Maduro said that US sanctions against Caracas were over the top, and maybe not worth the trouble. Venezuela produces 1.9 million barrels per day… Read more

Carnival Cruise Line inks deal with Shell to fuel new LNG-powered ships coming in 2020, 2022

FORT LAUDERDALE, Fla.—Carnival Cruise Line said Wednesday it has signed an agreement with a Shell subsidiary to provide fuel for two new ships it says will be the first fully LNG-powered ships in North America. The new 180,000-ton ships — slated for debuts in 2020 and 2022 — are being built with a next-generation “green cruising”… Read more

Trump administration to offer 76M acres for offshore drilling, largest lease sale in U.S. history

The Trump administration is putting more than 76 million acres of federal water up for lease in the largest offshore drilling initiative in American history. Interior Secretary Ryan Zinke announced the massive lease sale, slated for March 2018, on Tuesday morning, and said the move is a key component of the administration’s effort to tap U.S.… Read more

Oil Companies Leaking Benzene Lobbied Against Pollution Rules

A plume of benzene has been detected in the air over Houston after four fossil fuel companies reported leaks of the highly toxic compound that can increase the risk of cancer — even from brief exposure. Documents reviewed by International Business Times show that two of the companies — ExxonMobil and Valero — recently lobbied against… Read more

Infrastructure, Jobs And Economic Growth

We’ve posted quite a bit recently about the need for streamlining the federal permitting process for energy infrastructure (see here and here). An API study earlier this year estimated investments in needed natural gas and oil infrastructure could total more than a trillion dollars and potentially generate more than 1 million jobs through 2035. That’s a… Read more

Rural areas to boost new energy sales

An electric vehicle by BAIC Group catches visitors’ eyes at an international new energy auto expo in Beijing. [Photo by CHEN XIAOGEN/CHINA DAILY] Shorter trips, better power access means low-tier markets have higher appetite for sector, Hao Yan reports. After a market wobble in 2016, new energy vehicle sales are predicted to ramp up by 51.8… Read more

UK to ban sale of gasoline and diesel cars by 2040

Britain said Wednesday it will outlaw the sale of new diesel and gasoline cars and vans from 2040 in a bid to cut air pollution but environmental groups said the proposals did not go far enough. Environment minister Michael Gove announced the move as part of the government’s keenly-awaited $3.9 billion air pollution plan, which will… Read more

Canada’s Desjardins Suspends Lending for Energy Pipelines

Canadian lender Desjardins is considering no longer funding energy pipelines, a spokesman said Saturday, citing concerns about the impact such projects may have on the environment. Desjardins, the largest association of credit unions in North America, Friday temporarily suspended lending for such projects and may make the decision permanent, spokesman Jacques Bouchard told Reuters by telephone.… Read more

Volvo to Go All Electric in 2019

Swedish carmaker Volvo says it is phasing out the internal combustion engine in favor of electric motors by 2019. Volvo, which is Chinese owned, is the first traditional carmaker to announce the move. “This announcement marks the end of the solely combustion engine-powered car,” said Volvo’s president Håkan Samuelsson in a statement Wednesday. “People increasingly demand… Read more

China leads the pack

A platform is used to collect combustible ice in the South China Sea recently. GUO JUNFENG/CHINA DAILY Editor’s note: In the run-up to the 19th Communist Party of China National Congress, China Daily will cover a series of key projects of national importance, showcasing the country’s huge improvement and relentless efforts in manufacturing upgrade and innovation.… Read more

Massive coal mine near Great Barrier Reef to go ahead

Sydney (dpa) – Indian mining giant Adani said Tuesday it had approved plans to start work on the controversial Carmichael coal mine in north-east Australia, which activists say will damage the Great Barrier Reef. Chairman Gautam Adani had given the “green light” for the 16-billion-Australian-dollar (12 billion US dollar) mine and rail project in central Queensland,… Read more

Interior Secretary Orders More Alaskan Oil Drilling

With all eyes on President Trump’s announcement to (likely) withdrawal from the Paris Climate accord, Interior Secretary Ryan Zinke has signed an order to “jump start Alaskan energy”—meaning, in this case, to drill for more oil. The order pertains to two places: the National Petroleum Reserve – Alaska (NPR-A), the largest block of federally managed land… Read more

Canadian company Pieridae looking to acquire more natural gas resources

According to Alfred Sorenson, CEO of Pieridae Energy Ltd, the Calgary-based Canadian energy infrastructure development company is looking to expand its production base. Pieridae is on the hunt for natural gas producing assets in western Canada or in the Marcellus shale play in the United States to supply a proposed liquefied natural gas terminal on Canada’s… Read more

ExxonMobil Shareholders Vote On Exposing Corporate Lobbying

On Wednesday, ExxonMobil investors are scheduled to gather in Dallas for the company’s annual shareholder meeting. There they will vote on nine shareholder proposals, one of which would require the world’s largest publicly traded oil and gas company to fully disclose its spending on state and federal lobbying. The proposal, which is part of a broad… Read more

Mega Oil Pipeline Projects to Spur Economic Growth

Mega Oil Pipeline Projects to Spur Economic Growth THE government, yesterday, announced plans to set up three mega oil-pipelines connecting the seaports of Tanga and Dar es Salaam to upcountry regions and neighbouring countries partly to reduce fuel prices and spur economic growth. The announcement was made here by Energy and Minerals Minister, Prof Sospeter […]

The Oil Company That Owns Colorado

Days after a gas line linked to an Anadarko Petroleum well ignited a deadly home blast in Colorado, the company’s chief executive said the “terrible tragedy has left all of us with heavy hearts.” But even as investigators were picking through the wreckage, the company moved to fight a new bill that would have forced it… Read more

Trump Appointee Could Open Federal Land To Oil And Gas Companies

President Donald Trump is appointing an oil and gas industry lobbyist to help run the Interior Department — just as the agency is facing criticism from a federal watchdog over the ways it helps fossil fuel firms evade environmental rules. Late last month, Trump nominated lawyer David Bernhardt to serve as Deputy Interior Secretary. Bernhardt would… Read more

California’s Clean-Energy Leadership Continues

California’s Clean-Energy Leadership Continues California is a leader, and has earned that title – it is the largest state economy in the U.S. and the sixth-largest economy in the world. Forward-thinking clean energy policies are the backbone of California’s prosperity, creating jobs and businesses for the state while cutting emissions. While the presidential administration assaults […]

As Oil Prices Dip, African Countries Spend Less on Military

African military expenditures have finally slowed down after more than a decade of steady increases, according to a new report on global defense spending. The main reason, the report found, is a drop in oil prices. “The sharp decreases in oil prices has affected quite a number of African countries, namely South Sudan and Angola. This… Read more

Businesses Speak out Against Proposed Energy-Efficiency Budget Cuts

The President’s budget template, which slashes the Environmental Protection Agency budget by 32% and eliminates voluntary programs, including the agency’s Combined Heat and Power (CHP) Partnership and the ENERGY STAR program, has drawn wide criticism from businesses across the country. Businesses are speaking out on behalf of the CHP Partnership. More than 100 companies have already… Read more

Sinopec to buy interest in SECCO from BP for $1.68 billion

Asia’s largest refiner Sinopec has agreed to purchase a 50 percent stake in the Shanghai SECCO Petrochemical Company Limited from BP, the company announced on Thursday evening. Gaoqiao Petrochemical Co Ltd, a 100% subsidiary of China Petroleum & Chemical Corporation (Sinopec), has agreed to buy the 50 percent stake for $1.68 billion. ECCO is currently owned… Read more

Bioeconomy: One Billion Tons of Biomass

The federal agencies that provide the muscle for energy policy are finalizing plans to harness the energy from one billion tons of biomass per year. The “Bioeconomy Vision” is an effort to move biomass out of the laboratory and into the market. The goal, within the next 15 years, is production and commercialization of biofuels, renewable… Read more

The Real Impact of Fracking

Quora Questions are part of a partnership between Newsweek and Quora, through which we’ll be posting relevant and interesting answers from Quora contributors throughout the week. Read more about the partnership here. Answer from Ava Mohsenin, Current student at McGill University: The environmental effects of shale gas are varied—wide ranges of importance and risk level. First,… Read more

The Whole US Energy Picture in a Single Chart (Almost)
(3BL Media/Justmeans) — Lawrence Livermore National Laboratory has released their annual US energy consumption chart (Click for larger image). Yes, it looks like spaghetti, but it contains a lot of useful information. It shows, on one page, how much energy we used in 2016, and specifically, what sources we got it from and what we used… Read more

Vladimir Putin visits Arctic to reaffirm Russia’s claim

Russian President Vladimir Putin has visited an area in the Arctic archipelago as part of Russia’s efforts to reaffirm its foothold in the oil-rich region. On a tour on the Franz Josef Land archipelago, a sprawling collection of islands where the Russian military has recently built a new runway and worked to open a permanent base,… Read more

Beijing moves into all clean energy era

Unit supervisor Liu Yong of Huaneng Group shuts down the last coal-fired power plant in Beijing on Saturday. [Photo by Yuan Yi/For China Daily] Beijing shut down its last large-scale coal-fired power plant on Saturday, meaning that the capital now uses only clean energy for all electricity and heating. The measure, which was announced in the… Read more

Easing of rule on auto fuel economy standards

President Trump will announce Wednesday that he’s reopening a review of Obama-era fuel economy rules, after the EPA broke an agreement with the auto industry last year and accelerated the final tailpipe emissions standards for cars and light trucks. Mr. Trump is traveling to Ypsilanti, Michigan, where he’ll grant the regulatory reprieve for the industry in… Read more

Energy security requires not going ‘green’

If you listen to the media narrative on climate change and “clean energy,” you’d think that the rest of the world has moved smartly and seamlessly toward 21st-century green energy, while the U.S. is the high-polluting laggard that just won’t get with the program to save the planet. Think again. The green energy revolution around the… Read more

OPEC vs. US Oil – Is a Collision Looming?

The U.S. oil industry is making a steady comeback by advancing various projects and pipelines across the country, as well as increasing its production of shale output. With this, OPEC is taking note of the global oil production and their future decisions may be changing direction based on the progress made by the U.S. OPEC and… Read more