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Category: Energy


Energy, Industry Focus Areas

US Oil Majors Downgraded by S&P on Climate Risk, Earnings

February 12, 2021

Via: Transport Topics

Exxon Mobil Corp., Chevron Corp. and ConocoPhillips had their credit ratings lowered after S&P Global Ratings followed through on its recent warning and revised the industry’s risk profile due to climate change and weak earnings. The oil and gas producers’ […]


Energy, Industry Focus Areas

Shell Hits Its Own Peak Oil, Plans to Reduce Output

February 11, 2021

Via: The Wall Street Journal

LONDON— Royal Dutch Shell PLC said it would start reducing oil production, calling an end to a decades-old strategy centered on pumping more hydrocarbons as it and other energy giants seek to capitalize on a shift to low-carbon power. The […]


Energy, Industry Focus Areas

Oil Companies Endure Brutal 2020, Warn of Slow 2021 Recovery

February 2, 2021

Via: The Wall Street Journal

The big international oil companies are reporting one of their worst annual performances in decades and signaling that the pandemic could continue to challenge their businesses in 2021. Exxon Mobil Corp. and BP PLC on Tuesday disclosed annual losses of […]


Energy, Industry Focus Areas, Regulations

Biden to SuspendNew Federal Oil and Gas Leasing

January 26, 2021

Via: The Wall Street Journal

President Biden is planning on Wednesday to halt new oil and gas leasing on federal territory, people familiar with the matter said, setting up a confrontation with the oil industry over the future of U.S. energy. The Biden administration has […]


Energy, Industry Focus Areas, Logistics, Process

Oil Tanker Owners Pay to Move Crude in Wake of Supply Cuts

January 20, 2021

Via: Transport Topics

Saudi Arabia’s oil production cuts have hit the tanker market so hard that owners of the biggest vessels are effectively subsidizing cargo deliveries on the industry’s main trade route. Supertankers delivering 2 million-barrel shipments of the kingdom’s oil to China […]


Energy, Industry Focus Areas

Oil Giant Total Buys Stake in World’s Biggest Solar Developer

January 18, 2021

Via: The Wall Street Journal

French energy giant Total SE said it would pay $2.5 billion for a 20% stake in the world’s largest solar developer, the latest move by an oil major to expand in renewable power. Total said Monday the investment in Adani […]


Energy, Industry Focus Areas, Motorized Vehicle

These Companies Want to Charge Your Electric Vehicle as You Drive

January 18, 2021

Via: The Wall Street Journal

Enthusiasm for electric vehicles has long been held back by concerns about battery life, but what if drivers were able to charge their cars while driving? Several automotive, utility and infrastructure companies are testing technology that promises to allow electric […]


Aerospace & Defense, Energy, Industry Focus Areas

Six new Boeing solar arrays to power International Space Station

January 15, 2021

Via: Electronics Weekly

The new arrays will increase the on-board laboratory’s power supply and installation is scheduled to begin in 2021. The new 63-foot-by-20-foot (19-meter-by-6-meter) arrays will together produce 120 kilowatts of electricity via the sun’s energy, says Boeing. They will combine with […]


Energy, Industry Focus Areas

Oil Dips Below $52 With Dollar Rising as Rally Takes Breather

January 11, 2021

Via: Transport Topics

Oil fell as the dollar strengthened, with the steam coming out of a rally that pushed crude to the highest level in 10 months. Futures in New York lost 1% Jan. 11 as the dollar’s gains reduced the appeal of […]


Energy, Industry Focus Areas, Logistics, Process

US Imports No Saudi Crude Oil for First Time in 35 Years

January 6, 2021

Via: Transport Topics

The U.S. didn’t import any Saudi crude the week of Dec. 28 for the first time in 35 years, a reversal from just months ago when the Kingdom threatened to upend the American energy industry by unleashing a tsunami of […]