EnergyWatch

Policy & Trading

Oil and gas industry's credit under pressure

New credit ratings for the global oil and gas industry show that UK companies have seen the biggest setbacks. However, the entire business's credit situation bears more risk than three years ago, looking at the biggest companies.

EU requirements can only be met with millions of EVs

In four months, tighter EU regulations will set strict boundaries for the amount of CO2 emitted by new cars. Vehicle manufacturers have the choice to either sell electric cars by the millions or pay major fines.

Long queues are Ørsted's main Brexit fear

If the UK leaves the EU without a trade agreement, it would lead to months of chaos in British ports, according to leaked internal documents. The risk of delays causes more concern than import duties, says Ørsted CEO Henrik Poulsen.

Twin malfunctions cause major blackout in Britain

Ørsted's offshore wind farm and RWE's gas plant shut down at the same time and caused power outages in sections of the UK's grid, leaving around one million UK residents without power due to "rare and unusual circumstances".

Oil companies persuade states to make pipeline protests a felony

After years of lobbying, several US oil companies, including Koch Industries Inc., Marathon Petroleum Corp. and Energy Transfer Partners LP, have thus far convinced nine states to criminalize protesting near energy infrastructure. Opponents say such measures underline the undemocratic role of corporate capital and violate free speech.

"GE is a bankruptcy waiting to happen"

Harry Markopolos, the investigator behind the warnings about Bernard Madoff's Ponzi scheme, is accusing GE of major fraud. GE denies, but the market is ruthless, and the company's stock is in free-fall.

BP expands on Indian market

BP continues its efforts to gain a foothold on the Indian energy market. The British oil and gas company has entered a new cooperation in the country involving plane fuel and establishing a network of gasoline stations.

UK lowers energy price cap

Utilities in the UK can look forward to coming under even more pressure from October when the country lowers its price cap by 6 percent.

The oil price may drop to USD 30

The Sino-US trade conflict is escalating. Now China considers purchasing Iranian oil, which analysts say will send the oil price into a "tailspin".

Missed Anadarko-acquisition helps Chevron

The US oil company breaks the trend among industry colleagues by improving significantly in the second quarter. Chevron especially benefits from the failed Anadarko-acquisition and a record-high production level.

Petrobras downgrades production target

Brazil's state-owned oil company Petrobras increased production by 3.8 percent from the first to the second quarter but still makes a downward adjustment of its expectations for the remaining year.

Nord Stream 2 sanctions receive initial go in US Senate

A US Senate committee has more or less unanimously passed a bill to sanction companies and individuals involved in the construction of gas pipeline Nord Stream 2. The bill will now undergo several votes before it can become law.

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