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A dozen financial institutions from Scandinavia have urged the European Commission to remain firm in its opposition to Arctic oil drilling even as the bloc faces physical oil shortages in weeks, according to energy experts. “The Arctic is one of the planet’s most vulnerable ecosystems and home to unique wildlife …. Further oil and gas […]

Introduction MEC Case Study: Reducing Geotechnical Uncertainty Before Final Investment Decision Project Stream: Feasibility / Bankable / DefinitiveProject Stage: Due DiligenceType of Mine: UndergroundRegion: Queensland, AustraliaCommodity: Hard Coking Coal… The post Brownfields Longwall Due Diligence for Underground Coal Expansion appeared first on MEC.

Over the past five or so years, the global electric vehicle (EV) market has been rapidly transforming from a niche segment into a mainstream industry thanks to plunging battery costs, aggressive emissions standards and an influx of affordable models from major manufacturing hubs, most notably, China. Back in 2022, the EV sector achieved an important

Oil majors are rediscovering Alaska amid the unprecedented oil and gas crunch caused by the war in the Middle East. Previously considered a sort of toxic drilling destination, the northernmost state is now returning to the spotlight as a source of secure supply. In early May, the Bureau of Land Management launched a lease sale

The world’s third-largest crude importer, India, is accelerating efforts to diversify its oil imports in the wake of the Middle East crisis. India had begun raising imports from Russia three years before the Iran war cut off most supplies from the Middle East, on which India relies for about half of its crude purchases. With

While many may be focusing on the transfer of nuclear weapons from Russia to Belarus on NATO’s northeastern Baltic States border, the bloc’s security apparatus is at least as concerned about imminent attacks on the region’s energy infrastructure, a senior source who works very closely with the European Union’s (E.U.’s) energy security complex exclusively told OilPrice.com last week. “Russia’s effectively been

For years, Germany approached carbon capture the way many Europeans approach nuclear power at dinner parties: cautiously, awkwardly, and preferably not at all. The country that built Europe’s industrial backbone somehow became one of the continent’s most politically hesitant nations on CCS. Carbon capture remained trapped in endless debates over storage, liability, public acceptance, and

U.S. natural gas prices surged on Tuesday, with a combination of declining domestic output and an improving demand outlook helping the gas market break past prior downward pressure from seasonal maintenance. Henry Hub, the primary benchmark price for the North American natural gas market, spot gas prices jumped 5.1% to trade at 3.06/MMBtu in Tuesday’s

Asian nations are scrambling to find new oil and gas suppliers as the Iran war stretches on and negotiations over the Strait of Hormuz remain murky at best. Asia, the primary purchaser of oil and gas supplies out of the Gulf, has been hit hardest by the sudden blockage of approximately one-fifth of the world’s

Ukraine’s state energy regulator has cut storage fees for natural gas by 11% in a bid to accelerate domestic gas injection, with an option to further lower the rate if capacities are booked long-term for at least one year.  The discount creates favorable tariff structures to leverage Ukraine’s massive storage capabilities. Ukraine has set a