World energy consumption to rise 50 percent by 2050 with fossil fuels still dominant, EIA says

World energy consumption to rise 50 percent by 2050 with fossil fuels still dominant, EIA says

World energy consumption to rise 50 percent by 2050 with fossil fuels still dominant, EIA says Energize Weekly, October 13, 2021 Global energy consumption is forecast to increase 50 percent over the next 30 years if no policies or new technologies are introduced to curb demand, according to the U.S.…

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OPEC+ Holds Both the Knife and the Cake

OPEC+ Holds Both the Knife and the Cake October 05, 2021 OPEC+ holds both the knife and the cake in the oil market, especially as the group boasts the lion’s share of the remaining unused supply capacity in the world. Read more

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Oil and gas sector shows recovery in second quarter led by private companies, higher prices

Oil and gas sector shows recovery in second quarter led by private companies, higher prices

Oil and gas sector shows recovery in second quarter led by private companies, higher prices Energize Weekly, September 22, 2021 The U.S. onshore oil and gas industry saw the beginnings of a rebound in the second quarter of 2021 buoyed by strong commodity prices, strategic mergers, and increased efficiency, according…

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DOE to invest $10 million to reduce natural gas supply constraints, improve energy consumption

DOE to invest $10 million to reduce natural gas supply constraints, improve energy consumption September 13, 2021 A new funding opportunity announcement from the United States Department of Energy’s Office of Fossil Energy and Carbon Management (FECM) will offer approximately $10 million in funding for cost-shared research and development projects…

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Oil Spill in Gulf of Mexico After Ida Linked to Abandoned Pipeline

Oil Spill in Gulf of Mexico After Ida Linked to Abandoned Pipeline Sept 7, 2021 More than a week after Ida hit the Gulf of Mexico, it’s becoming increasingly clear that the hurricane made a huge mess of the oil and gas activities there. The government is investigating hundreds of reports of oil spills…

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Gas Prices Unlikely To Skyrocket As Oil Companies Assess Hurricane Ida Damage

Gas Prices Unlikely To Skyrocket As Oil Companies Assess Hurricane Ida Damage August 31, 2021 Oil companies are still assessing the damage at the oil rigs, platforms and refineries that were struck by Hurricane Ida. Read more

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USA Holds Largest Oil Reserves Sale in 7 Years

USA Holds Largest Oil Reserves Sale in 7 Years August 24, 2021 The U.S. is holding its largest sale of oil from strategic reserves since 2014 at a time when the outlook for fuel demand is darkening amid the resurgent Covid-19 virus. Read more

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API Files Lawsuit Against Biden Administration

API Files Lawsuit Against Biden Administration August 17, 2021 The American Petroleum Institute (API) has announced that it, along with 11 other energy industry trade groups, has filed a lawsuit in the U.S. District Court for the Western District of Louisiana challenging the U.S. Department of the Interior’s (DOI’s) indefinite pause on…

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Permian Gets Confidence Vote with Infrastructure Plan

Permian Gets Confidence Vote with Infrastructure Plan August 10, 2021 The region at the heart of the once-booming U.S. shale industry is signaling confidence in a nascent recovery after the pandemic crushed demand and curtailed oil and gas drilling. Read more

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Devon and Conoco Study $10B Shell Permian Assets

Devon and Conoco Study $10B Shell Permian Assets August 03, 2021 Devon Energy Corp. and ConocoPhillips are among potential suitors studying Royal Dutch Shell Plc’s portfolio of Permian Basin oil fields, which could be worth as much as $10 billion in a sale, people familiar with the matter said. Read…

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European oil companies changing names and shifting their focus to alternative energy

European oil companies changing names and shifting their focus to alternative energy

Energize Weekly, February 17, 2021 European oil companies are continuing their push to reorient and rebrand themselves as comprehensive energy companies and not just producers of oil and natural gas. On Feb. 9, French oil company Total announced it was changing its name to TotalEnergies to reflect a broader strategy…

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Jet fuel demand projected to soar by 2050 with Asian markets leading the way, EIA says

Jet fuel demand projected to soar by 2050 with Asian markets leading the way, EIA says

Energize Weekly, November 13, 2019 Global demand for jet fuel will continue to be the fastest-growing transport fuel through 2050, with the biggest growth coming in China and Southeast Asia, according to the federal Energy Information Administration’s (EIA) International Energy Outlook. The EIA projects that jet fuel consumption will more…

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Oil demand will see a shift with transportation using less and petrochemicals using more, Barclays says

Oil demand will see a shift with transportation using less and petrochemicals using more, Barclays says

Energize Weekly, May 15, 2019 Global oil demand—under current economic and energy development trends—is projected to peak between 2030 and 2035 and then plateau through 2050, according to a new analysis by the London-based investment bank, Barclays. That peak could come as early as 2025 if more aggressive energy policies…

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