Archives for 2019
Weatherford sells drilling rigs in Algeria, Iraq
Struggling oilfield service company Weatherford International has closed on the last of four deals to sell its drilling rigs in the Middle East and North Africa. Source: FuelFix
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BP commits $100M to new emissions reduction fund
Energy major BP said Tuesday it will commit $100 million to fund new emissions-reduction projects within its oil and gas production businesses. Source: FuelFix
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Battery, offshore wind costs plummeting, report says
The cost of lithium-ion batteries and offshore wind turbines are plummeting, leading to “spectacular gains in cost-competitiveness” with other sources of electricity, according to a new report from Bloomberg New Energy Finance. Source: FuelFix
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World energy demand in 2018 rose by decade-high 2.3%
Global energy demand in 2018 rose by a decade-high of 2.3 percent as power and electricity demand rose throughout much of the world. Source: FuelFix
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Oil rebounds as growth angst eases and Venezuela tensions mount
Oil rebounded along with global markets as pessimism over the global growth outlook eased a little, while rising tension in Venezuela revived fears of supply losses. Source: FuelFix
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