Lift-off: How AI is Boosting Field and Employee Productivity
From data extraction to well optimization, the oil and gas industry embraces AI.
Energy Transition in Motion (Week of April 12, 2024)
Here is a look at some of this week’s renewable energy news, including a renewable energy milestone for the U.S.
Canada’s First FLNG Project Gets Underway
Black & Veatch and Samsung Heavy Industries have been given notice to proceed with a floating LNG facility near Kitimat, British Columbia, Canada.
US Drillers Cut Oil, Gas Rigs for Fourth Week in a Row-Baker Hughes
The oil and gas rig count, an early indicator of future output, fell by three to 617 in the week to April 12, the lowest since November.
Texas Earthquake Could Further Restrict Oil Companies’ Saltwater Disposal Options
The quake was the largest yet in the Stanton Seismic Response Area in the Permian Basin, where regulators were already monitoring seismic activity linked to disposal of saltwater, a natural byproduct of oil and gas production.
Hess Signals Exxon Arbitration Could Push a Sale into Next Year
(Reuters) – An Exxon Mobil arbitration case that could block the sale of Hess Corp to Chevron could drag on until year-end, Hess said in a U.S. securities filing on Friday. The filing signals any closing of its $53 billion sale to Chevron could fall into next year, at least six months later than a prior goal of …
Hess Signals Exxon Arbitration Could Push a Sale into Next Year Read More »
California Battery Plant is Among World’s Largest as Power Storage Booms
(Reuters) – A major battery plant near Los Angeles will be among the largest in the world when it comes online later this year, promising to shore up California’s power grid during the peak summer season and help the state a meet ambitious climate goals. Calpine’s billion-dollar Nova Power Bank, built on the site of …
California Battery Plant is Among World’s Largest as Power Storage Booms Read More »
BKV CEO: Texas Grid Needs More Combined Cycle NatGas Plants
BKV CEO, Chris Kalnin dives into the “core issue” of Texas’ renewable grid and how the company is increasing production as the the largest producer in the Barnett Shale, in this Hart Energy Exclusive interview.
U.S. Finalizes Big Reforms to Federal Oil and Gas Drilling
(Reuters) – President Joe Biden’s administration on Friday finalized a range of reforms designed to boost returns and address environmental harms from oil and gas drilling on public lands. The new rules follow years of criticism from green and taxpayer groups that federal oil and gas development was not benefiting the public. Many of the …
U.S. Finalizes Big Reforms to Federal Oil and Gas Drilling Read More »
IEA Trims Oil Demand Forecast on Weakness in Wealthier Countries
(Reuters) – The International Energy Agency (IEA) trimmed its forecast for 2024 oil demand growth on Friday, citing lower than expected consumption in OECD countries and a slump in factory activity. The Paris-based energy watchdog lowered its growth outlook for this year by 130,000 barrels per day (bpd) to 1.2 million bpd, adding that the …
IEA Trims Oil Demand Forecast on Weakness in Wealthier Countries Read More »