During a meeting with oil and gas executives in Canada’s oil-producing province of Alberta, Canadian Prime Minister Mark Carney pledged that the federal government would work to fast-track major projects to make Canada an energy superpower. “We met with leaders in clean and conventional energy today in Calgary. We all agree: it’s time to build,” Carney posted on X after the meeting. “Canada’s new government is ready to fast-track major projects across the country that will make Canada an energy superpower,”…

During a meeting with oil and gas executives in Canada’s oil-producing province of Alberta, Canadian Prime Minister Mark Carney pledged that the federal government would work to fast-track major projects to make Canada an energy superpower. “We met with leaders in clean and conventional energy today in Calgary. We all agree: it’s time to build,” Carney posted on X after the meeting. “Canada’s new government is ready to fast-track major projects across the country that will make Canada an energy superpower,”…

Abu Dhabi’s national oil company, ADNOC, forecasts lower export volumes of its flagship Murban crude between August 2025 and May 2026, as it plans to process higher volumes of the grade domestically. ADNOC plans to export 1.705 million barrels per day (bpd) of Murban Crude in August, down by 65,000 bpd compared to the previous schedule, Reuters reports, citing an ADNOC report. The company pumping nearly all the crude in one of OPEC’s top producers, the United Arab Emirates (UAE), will also lower its Murban crude exports by between 100,000…

The Trump Administration is working to roll back the severe restrictions on oil and gas drilling in Alaska imposed by the Biden administration, Interior Secretary Doug Burgum has said. The Biden administration suspended in 2021 oil leases in the Arctic National Wildlife Refuge in Alaska, months after former President Joe Biden took over from Trump’s first term in office. Biden also finalized a strategy to help protect federal lands, which includes restricting access to drilling and mining in a large part of the National Petroleum Reserve…

The Trump Administration is working to roll back the severe restrictions on oil and gas drilling in Alaska imposed by the Biden administration, Interior Secretary Doug Burgum has said. The Biden administration suspended in 2021 oil leases in the Arctic National Wildlife Refuge in Alaska, months after former President Joe Biden took over from Trump’s first term in office. Biden also finalized a strategy to help protect federal lands, which includes restricting access to drilling and mining in a large part of the National Petroleum Reserve…

The Trump Administration is working to roll back the severe restrictions on oil and gas drilling in Alaska imposed by the Biden administration, Interior Secretary Doug Burgum has said. The Biden administration suspended in 2021 oil leases in the Arctic National Wildlife Refuge in Alaska, months after former President Joe Biden took over from Trump’s first term in office. Biden also finalized a strategy to help protect federal lands, which includes restricting access to drilling and mining in a large part of the National Petroleum Reserve…

Turkey’s state energy firm TPAO will sign a partnership deal with UK-based supermajor BP and with Azerbaijan’s state oil and gas company Socar for the development of a natural gas field in the Azeri sector of the Caspian Sea, Turkish Energy Minister Alparslan Bayraktar said on Monday. The Turkish state energy firm TPAO will sign on Tuesday an agreement with BP and Socar for the Shafag-Asiman field, the Turkish energy ministry said on Monday. BP and Socar have been partners developing the Shafag-Asiman field, where the first exploration…

Oil prices climbed on Monday morning despite expectations that OPEC+ will continue to boost production in the coming months. Morgan Stanley commodity analysts expect OPEC+ to make three new monthly boosts to its output, returning all 2.2 million bpd it agreed to remove from the market in 2022, by October. This will keep oil prices lower, the bank noted, writing that “With this latest announcement, there is little sign that the pace of quota increases is slowing down,” as quoted by Bloomberg. “Higher quota will likely create room…

A week ago, the U.S. House of Representatives passed Trump’s “Big, Beautiful Bill” designed to deploy large tax cuts, extra spending on defense and immigration enforcement by primarily leveraging deep cuts to the Inflation Reduction Act (IRA) of 2022. With the contentious bill now headed for the Senate, some energy experts are warning of dire consequences for some renewable energy industries if it becomes law. To wit, the sweeping policy bill seeks to phase out billions in tax credits for the budding green hydrogen and EV battery…

When U.S. President Donald Trump came into office in January, he promised to back greater oil and gas production, doubling down on his “drill, baby, drill” catch phrase. He rapidly introduced executive orders aimed at encouraging new oil and gas exploration across the country while reining in the renewable energy industry. However, since these early promises, Trump appears to be increasingly alienating the oil and gas industry as companies battle low oil prices, the uncertainty of a trade war, and several other challenges.  In…

Europe is embracing nuclear energy with a new vigor. Even the most historically staunch nuclear opponents are softening their restrictions on the carbon-free form of energy production as the continent continues to pivot away from oil and gas imports and toward energy independence in the long shadow of Russia’s invasion in Ukraine and the European energy crisis that followed.  In March, the government of Italy made a significant step toward overturning the nation’s 40-year ban on nuclear power production. In April, leadership in…

 So far, Russia has resisted Western calls for a cease-fire in its war on Ukraine. And so far, US President Donald Trump has resisted calls by Kyiv and European countries to impose additional sanctions on Moscow in response. Trump has threatened to use "devastating" measures against Russia if he feels the time is right. But he has repeatedly said that time has not yet come, voicing concern that imposing new sanctions could undermine his push for peace by hardening President Vladimir Putin's stance. "Only the fact that if I think I'm close…

Carbon capture and storage (CCS) has long been recognized as a critical technology for achieving net-zero emissions, particularly in hard-to-abate sectors like steel, cement, and chemicals. Historically, the United States has been at the forefront of CCS development, propelled by generous subsidies and tax incentives, notably the 45Q tax credit enhanced by the Inflation Reduction Act (IRA). However, recent policy developments in Europe signal a strategic shift that could redefine global leadership in CCS. The U.S. approach: A market-led model facing…

Power grids around the world are decentralizing at a rapid pace as renewable energy production vastly reshapes where electricity is produced. This will require a massive systems overhaul in the way that our power grids are designed, maintained, and protected. Instead of maintaining grid management at a central hub, more and more software and hardware developments are taking place at the grid edge. According to Wood Macenzie, ‘grid edge’ is “an umbrella term to cover all the distributed hardware, software and business innovations…

The US representative to the United Nations told the UN Security Council on May 29 that the deal now on offer to end the war in Ukraine is the best possible outcome for Russia and that President Vladimir Putin should take it. Prolonging the war is in no one's interest, said John Kelley, acting US alternate representative to the UN, warning of the possibility that the United States would "consider stepping back" from its negotiation efforts if Russia "makes the wrong decision to continue this catastrophic war." Kelley added that additional sanctions…

As governments and companies look to a future run on renewable energy, the need for utility-scale batteries is greater than ever. Currently, the dominant battery form is the lithium-ion battery, which is produced using lithium and other critical minerals, a market dominated by China. While this type of battery is extremely useful for electronics, electric vehicles (EVs), and utility-scale storage, demand for lithium is expected to outpace supply in the coming years. For years, researchers have been assessing the potential for alternative battery…

For years, the US has been a stalwart ally to Canada, peacefully sharing the longest international land border in the world. The US and Canada have worked together to develop valuable north-south integration of energy infrastructure that benefits both nations and have partnered to develop common specifications and standards for many products, including petroleum fuels and passenger vehicles.   Recent political events have, however, placed Canada and the US at the cusp of a critical shift in their long and prosperous relationship. The future…

In April this year, China’s BYD hit a first--it sold more cars in Europe than Tesla. Of course, one reason for this was EV fans’ reaction to Elon Musk’s political endeavors, but another was that BYD’s EVs were simply better and more affordable. And now Western carmakers want to learn from BYD and other Chinese sector players how to make their electric cars more attractive—and affordable—for buyers. Caixin Global reported this week that non-Chinese carmakers were “tapping into local expertise and supply…

I predict that the world economy will shrink in the next 10 years. I think that this is bound to happen because of energy and debt limits the world economy is hitting. There are a variety of other factors involved, as well. In this post, I will try to describe the physics-based limits that the economy is facing, related to diminishing returns of many kinds. The problem we are facing has sometimes been called “limits to growth,” or “overshoot and collapse.” Such changes tend to lead to a loss of “complexity.”…

Last Friday, the President signed four separate executive orders designed to accelerate nuclear energy development in the US. The first order directs the Department of Defense to deploy new reactor technologies at military installations. The second order, directed specifically at the Nuclear Regulatory Commission, mandated much tighter deadlines for new reactor approvals, demanded a review of current radiological exposure risks, and called for further agency staffing cuts. The third order directs the Department of Energy to test and approve no…