Donald Trump wants oil companies to “drill, baby, drill" on the first day of his presidency, but his fossil-fuel benefactors have a different agenda. Under President Biden, shale companies produced record amounts of oil and natural gas as crude prices rebounded from the pandemic’s depths and then soared after Russia’s invasion of Ukraine. But the industry is also confronting the …
A Rajasthan minister asserts that he was on the verge of resolving the state’s electricity problem, only to have his plans disrupted by the Russia-Ukraine conflict. Shale Mohammad, Cabinet Minister of Minority Affairs and Waqf of Rajasthan, claimed that he was close to solving the chronic electricity crisis in the state but the Russia-Ukraine war threw spanners in the works …
Chevron is buying Hess Corp. for $53 billion and it’s not even the biggest acquisition in the energy sector this month as major producers seize the initiative while oil prices surge. While attacks on Israel do not disrupt global oil supply, according to an analysis by the U.S Energy Information Administration, “they raise the potential for oil supply disruptions and …
LONDON — The U.K. government confirmed Thursday that it’s lifting a ban on fracking in England, arguing that the move will help boost the country’s energy security amid Russia’s war in Ukraine. Britain needs to “explore all avenues available to us through solar, wind, oil and gas production -– so it’s right that we’ve lifted the pause to realize any …
For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Assessment by the British Geological Survey suggested there are …