IKAV and VTTI to Buy Majority Stake in Italy’s Adriatic LNG Terminal
The closing of the deal to buy majority stake in the Adriatic LNG terminal by VTTI and IKAV is expected in the second half of the year.
Could Concentrated Solar Power Be an Energy Storage Gamechanger?
Vast Energy CEO Craig Wood shares insight on concentrated solar power and its role in energy storage and green fuels.
Biden Administration Approves the Nation’s Seventh Large Offshore Wind Project
BY THE ASSOCIATED PRESS The Biden administration greenlit the seventh large offshore wind project in the United States Tuesday. Danish wind energy developer Ørsted and the utility Eversource plan to build a 924-megawatt project, Sunrise Wind, 30 miles (48 kilometers) east of Montauk, New York. They say the wind farm will power about 600,000 New York …
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Big Oil’s Climate Planning Not Good Enough, Investor Group Says
Summary Climate Action 100+ assessed 10 top oil companies Companies ‘alarmingly unprepared’, TPI Centre’s Sharp U.S. companies perform worse than European peers LONDON, March 27 (Reuters) – The current low-carbon transition plans of 10 of Europe’s and North America’s biggest listed oil and gas companies are not good enough to assess the risks involved, the …
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Oil Falls 1% as U.S. Crude Inventories Surge
(Reuters) – Oil prices fell for a second day, dropping more than 1% on Wednesday on surging U.S. stockpiles and signs that the OPEC+ producer group is unlikely to change its output policy at a technical meeting next week. Brent crude futures for May dropped 97 cents, or 1.12%, to $85.28 a barrel by 0929 …
Vantage Drilling International Ltd. Reports Fourth Quarter and Full-Year 2023 Results
DUBAI, United Arab Emirates, March 27, 2024 (GLOBE NEWSWIRE) — Vantage Drilling International Ltd. (“Vantage” or the “Company”) reported a net loss attributable to controlling interest of approximately $14.6 million, or $1.10 per diluted share, for the three months ended December 31, 2023, as compared to a net loss attributable to controlling interest of $16.4 …
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Mobile Microlearning: Improving Frontline Training and Safety
With OFS companies facing increasing skills shortages in a tight labor market, the need for effective training and development programs has never been more critical. And with the exposure to a variety of increasingly complex equipment, companies in the oil and gas industry face growing challenges ensuring the safety of their frontline workforce. Frontline operator …
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ONEOK CEO: ‘Huge Competitive Advantage’ to Upping Permian NGL Capacity
ONEOK is getting deeper into refined products and adding new crude pipelines through an $18.8 billion acquisition of Magellan Midstream. But the Tulsa company aims to capitalize on NGL output growth with expansion projects in the Permian and Rockies.
Phillips 66 Explores Sale of REX Interstate Pipeline Stake Worth Over $1 Billion, Sources Say
U.S. oil refiner Phillips 66 is exploring a sale of its 25% stake in the Rockies Express Pipeline that it hopes could be worth more than $1 billion, including debt, people familiar with the matter said on Tuesday. The Rockies Express Pipeline (REX) is a 1,700-mile interstate natural gas pipeline, stretching from Wyoming and Colorado …
Paisie: Dutch Vehicle Fleet Foreshadows Structural Shifts
The expanding role of battery electric vehicles will be supported by the development of associated supply chains, as indicated by Stratas Advisors’ forecast of global EV battery production capacity.