Colonial Pipeline restarted operations Wednesday at approximately 5 p.m. ET following days of halted operations, but the company warned that it would still take several days for the system to be fully functional. “Following this restart it will take several days for the product delivery supply chain to return to normal,” Colonial said in a […] Read more
The United States has committed to cutting emissions by as much as 52 percent by 2030. Launching the virtual US Leaders Summit on Climate Change in the White House early this morning, President Joe Biden announced an ambitious cut in greenhouse gas emissions. Biden also confirmed America’s return to the center of the global effort […] Read more
The Ever Given, the massive container ship that became wedged in the Suez Canal and cut off traffic in the vital waterway for almost a week, has been refloated, authorities said Monday. The ship sailed north to the Great Bitter Lake, arriving there just before 1 p.m. ET, according to Leth Agencies, which is a […] Read more
Goldman Sachs has upped its oil price forecast in recent weeks and named a number of global stocks it believes will ride the crude recovery wave. In a note last week, analysts at the investment bank named a bunch of lesser-known stocks set to benefit from these market dynamics, particularly in less saturated markets. They […] Read more
Emirates airline has opened flights to Bahrain from Dubai, marking the return of regular flights between the Kingdom and the emirate, a government statement said. This brings to 30 the number of cities served by the airline, allowing travellers flying between Asia Pacific, Europe and the Americas to connect safely and efficiently through Dubai. An […] Read more
Oil prices continued to march higher on Wednesday, with Brent crude futures rising above $40 a barrel on expectations some of the world’s most powerful oil producers will reach a deal to extend supply cuts. OPEC and non-OPEC allies, a group of oil producers sometimes referred to as OPEC+, are expected to hold their next […] Read more
Join the largest European exhibition and conference covering the whole offshore energy mix on 26, 27 and 28 October. With oil & gas, offshore wind and marine energy all assembling at this event, Offshore Energy creates the ideal place to display your innovations, products and services to the world. Offshore Energy Exhibition & Conference Over […] Read more
Saudi Aramco, a Saudi Arabian oil and gas giant, has said the company will return to full production capacity by the end of the month following a drone attack on the world’s largest oil processing facility last Saturday. Source: Saudi Aramco As previously reported, oil prices on Monday saw the biggest surge since 1991 following […] Read more
Norwegian oil and gas company Equinor is progressing oil spill recovery at the South Riding Point terminal in the Bahamas after the impact of Hurricane Dorian. Source: Equinor In the aftermath of Hurricane Dorian, Equinor said earlier this week it would clean up the oil spills from its South Riding Point oil terminal, spilled due to […] Read more
The government on Wednesday said the statutory instrument to implement the climate change plan – introducing a legally binding net zero target to end the UK’s contribution to global warming entirely by 2050 – would be laid in Parliament today, Wednesday 12 June. This will amend the Climate Change Act 2008. “The UK already leads […] Read more
