Current geopolitics, rife with politicization, trade wars and sanctions, will make sustainable energy goals "extremely difficult," said Eirik Waerness, Equinor's senior vice president and chief economist.

Crude oil prices are projected to average US$60 per barrel in 2019 and weaken to US$58 per barrel in 2020

The Government Pension Fund Global returned 1.6 percent, or 236 billion kroner, in the third quarter of 2019.

From January through June of 2019, U.S. net natural gas exports averaged 4.1 billion cubic feet per day (Bcf/d), more than double the average net exports in 2018 (2.0 Bcf/d),

Renewable energy must join forces with nuclear to secure a low-carbon future

Offshore wind power capacity is set to increase by at least 15-fold worldwide by 2040, becoming a $1 trillion business.

Investors are bracing for weaker results from U.S. shale players in coming days as lower oil and natural gas prices and cost-cutting measures have weighed on third-quarter operations.

23 years ago, the Government Pension Fund Global received the first inflow from the Ministry of Finance of nearly 2 billion kroner. Since then, the fund has grown to 10,000 billion kroner.

The US continues to talk with Saudi Arabia about the kingdom's plans to produce nuclear energy for power generation and is still discussing the possibility of Gulf countries importing US LNG, the outgoing US secretary of energy said on Saturday.

City gas demand is likely to experience rapid growth over the next 10-15 years, driven by consumption growth from heating and the public sector. This growth will be supported by China's growing urbanization and urban gasification, which are expected to exceed 70% within the next decade, up from 59.7% and 50.9% at the end of 2018, respectively.

In June 2019, the Chinese government introduced a subsidy program that established new incentives for production of natural gas from tight formations and extended existing subsidies for production from shale and coalbed methane resources. This subsidy is scheduled to be in effect through 2023. In addition to the changes in the subsidy program, the government allowed foreign companies to operate independently in the country’s oil and natural gas upstream sector.

Russian crude producer Lukoil is in talks with Saudi Aramco on potential joint projects outside Russia and Saudi Arabia, including some in Africa, CEO Vagit Alekperov said Wednesday on the sidelines of the Russia-Africa Summit in Sochi.

President of PJSC LUKOIL Vagit Alekperov and Nigerian National Petroleum Corporation (NNPC) Group Managing Director Mele K Kyari signed a Memorandum of Understanding between the companies. Memorandum was signed today at the Russia-Africa economic forum in Sochi.

Globally, nuclear power is a leading source of clean electricity today - second only to hydro - but many nuclear power plants in advanced economies are facing retirement as they approach the end of their original 40-year design lifetime, Birol said. Without additional lifetime extensions or new projects, nuclear capacity in advanced economies - primarily in the USA, the EU and Japan - would decline by two-thirds by 2040, substantially as a result of political issues and inadequate market design, he added.

the world’s total renewable-based power capacity will grow by 50% between 2019 and 2024. This increase of 1,200 gigawatts – equivalent to the current total power capacity of the United States