September 2023

GASTECH -Tellurian in Talks with Potential Partners for Driftwood LNG project

(Reuters) – Tellurian Inc (TELL.A), the developer of the long-delayed Driftwood LNG project, said on Wednesday it was in talks with potential equity partners who were primarily evaluating the cost risks of entry. Tellurian has been struggling to recruit customers and investors for the first phase of the Louisiana plant, worth up to $14.5 billion, …

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Prolonged U.S. manufacturing slowdown barely dents energy use: Kemp

Reuters U.S. manufacturers reported that business activity declined for the 10th month running in August, though declines are becoming less widespread implying the trough in the cycle may be approaching. The Institute for Supply Management’s purchasing managers index increased slightly to 47.6 (16th percentile for all months since 1980) in August up from 46.4 (13th …

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Mobile app provides 24/7 remote access to Multi-Pig Launching System

WeldFit’s OnSITETM app provides users real-time monitoring and control of the SureLaunch® system from virtually anywhere in the world – 24 hours a day, 7 days a week. The OnSITE cellular network-based module installs easily into the system’s PLC cabinet allowing the HMI screen to be accessed from any desktop computer or iOS/Android mobile device. …

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Coming October 4 – 2023 ENTELEC Fall Seminar – Pressing Industry Issues for Operations in the Permian Basin – Details Here

The annual ENTELEC Fall Seminar Series focuses on critical regional topics and pressing industry issues for operations in the Permian Basin. Topics and issues such as digitalization and operational efficiencies, 5G and next gen wireless, SCADA, IIoT, field communications, cybersecurity and regulatory developments. The Fall Seminar, new two-day conference format designed to fit busy schedules …

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25 myths in the media’s Idalia coverage – Alex Epstein

The media are using Hurricane Idalia to spread the false narrative that fossil fuels make extreme weather danger worse. By Alex Epstein The media are using Hurricane Idalia to spread the false narrative that fossil fuels make extreme weather danger worse. In reality, fossil fuels make us safer from extreme weather. Here are answers to the …

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GASTECH-Shell Exec Accuses Venture Global of ‘Deceitful Actions’ Over Contracts

SINGAPORE, Sept 5 (Reuters) – U.S. liquefied natural gas (LNG) developer Venture Global LNG was accused of “deceitful actions” by Shell Executive Vice President Steve Hill on Tuesday, who said failing to meet contracts was “damaging and dangerous to the industry”. Shell  is among energy companies that have filed arbitration cases against Venture Global LNG over its …

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GASTECH-Global Gas Prices Still Seen Volatile, Even as Europe in a Better Position

Summary Global gas prices seen remaining volatile Europe at 90% target for gas storage – Uniper Winter temperatures key factor for European gas prices LNG market seen as volatile until 2025 – Chevron Price could deter some winter buyers in Asia – Vitol SINGAPORE, Sept 5 (Reuters) – Global gas prices are expected to remain …

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COMMENTARY: Crude Oil Uncertainty Paradoxically Equals Price Stability

By Clyde Russell SINGAPORE, Sept 5 (Reuters) – The dominating theme in crude oil markets is that there are too many competing narratives and driving factors to allow for anything approaching a clear view of the path ahead. And in what is probably an ironic outcome, prices are likely to remain locked in the same relatively …

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Oil Executives Are Surprisingly Optimistic on Chinese Demand

Doom-laden stories about China’s economy aren’t portraying an accurate picture of energy demand in the top crude importer, according to oil luminaries at a major conference in Asia. “There’s a lot that’s good about what’s going on in China,” Ben Luckock, co-head of oil trading at Trafigura Group, told hundreds of attendees at the APPEC …

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Lithium Miners’ $4.3 Bln Dance is a Two-Way Hedge

MELBOURNE, Sept 4 (Reuters Breakingviews) – On the surface, offering a near-100% premium for an as yet unproductive lithium miner may seem over the top. Dig down a bit, though, and U.S.-based Albemarle’s (ALB.N) A$6.6 billion($4.3 billion) sweetened all-cash offer on Monday for Australian rival Liontown Resources  has financial merit, as well as offering each side a …

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