Oil headed for a third weekly gain as supply disruptions in Africa and a reduction in shipments from Russia tightened the market. West Texas Intermediate futures traded near $77 a barrel, up around 4% this week, even as they fluctuated Friday. Protesters shut a major Libyan oil field, Sharara, after output from the smaller El Feel …
Oil Heads for Third Weekly Gain as Africa, Russia Crimp Supply Read More »
(Reuters Breakingviews) – Exxon Mobil (XOM.N) is banking on the world needing fossil fuels for years to come, and its cautious energy transition philosophy under boss Darren Woods can be seen clearly in the company’s latest acquisition. The oil titan’s $4.9 billion all-stock deal for Denbury (DEN.N) unveiled on Thursday provides a financially and strategically judicious way to capture and …
Exxon’s Carbon-Capture Deal is Pale Shade of Green Read More »
July 13 (Reuters) – Demand for power in Texas hit a record high for a second day in a row on Thursday as homes and business kept their air conditioners cranked up during a lingering heat wave. The Electric Reliability Council of Texas said power use reached a preliminary 81,406 megawatts (MW), topping the grid’s …
Texas power use breaks record for second day in heat wave Read More »
Denbury owns large CO2 sequestration operation Boasts largest CO2 pipeline network in US All-stock transaction, 1.9% premium to Tuesday’s close HOUSTON, July 13 (Reuters) – Exxon Mobil Corp (XOM.N) on Thursday agreed to buy Denbury Inc (DEN.N) for $4.9 billion to accelerate its energy transition business with an established carbon dioxide (CO2) sequestration operation. The acquisition, which sent …
Exxon to Buy Denbury for $4.9 Billion in Carbon Storage Bet Read More »
LONDON, July 13 (Reuters) – Wind and solar projects are on track to account for more than a third of the world’s electricity by 2030, signalling that the energy sector can achieve the change needed to meet global climate goals, a report by the Rocky Mountain Institute (RMI) said on Thursday. Sultan al-Jaber, president of …
Wind and Solar to Produce Over a Third of Global Power by 2030, Report Says Read More »
By Alex Epstein Today’s conversation about energy and climate is “rigged” with bad thinking methods, misleading terms, false assumptions, and anti-human values—all of which serve to promote deadly policies I’ve been in Washington, DC this week speaking to major groups of legislators about how to effectively champion energy freedom, including the freedom to use fossil …
Countering the world’s rigged conversation about energy and climate – Alex Epstein Read More »
Extreme heat is akin to heart disease for EV batteries, or a mellow and slow-moving form of cancer Bloomberg News A Tesla charging station at the company’s headquarters in Texas. PHOTO BY BRANDON BELL/GETTY IMAGES Consider it ironic, or at least a little poetic: Electric vehicles, great for combating climate change, don’t do well in extreme heat. It’s …
A Heat Wave Will Cook an Electric Car Battery, If You Let It Read More »
Shell Plc is exploring options for its global renewable power operations, including a potential stake sale to outside investors, people with knowledge of the matter said.The UK energy giant is working with advisers to study a range of possibilities that could also include separating the business into a more independent unit, the people said. It’s …
Shell Explores Selling Stake in Renewable Power Unit Read More »
July 12, 2023 HOUSTON, July 12, 2023 (GLOBE NEWSWIRE) — Weatherford International plc (NASDAQ: WFRD) (the “Company” or “Weatherford”) today announced it has been awarded a five-year contract to provide Intervention Services for Petróleo Brasileiro S.A. (“Petrobras”) in Brazil. Weatherford has performed Intervention Services in Brazil for more than 20 years in close cooperation with Petrobras to develop …
Weatherford Awarded Offshore Intervention Services Contract with Petrobras Read More »
Extreme heat is akin to heart disease for EV batteries, or a mellow and slow-moving form of cancer Bloomberg News A Tesla charging station at the company’s headquarters in Texas. PHOTO BY BRANDON BELL/GETTY IMAGES Consider it ironic, or at least a little poetic: Electric vehicles, great for combating climate change, don’t do well in extreme heat. It’s …
A Heat Wave Will Cook an Electric Car Battery, iI You Let It Read More »
