mark

CERAWeek: Oil Demand Outpaces Expectations, Testing Calculus on Peak Crude

Conventional Energy, Latest, Oil, US News / By

Global oil consumption is outpacing expectations this year Oil executives gathered in Houston confident on demand outlook The world is using more oil than ever and demand is outpacing expectations again this year, raising questions about how soon global consumption will peak. The unabated thirst for crude contributed to an increasingly confident tone from executives …

CERAWeek: Oil Demand Outpaces Expectations, Testing Calculus on Peak Crude Read More »

Mexico’s Pemex Put Off Repairs Despite Vast Methane Leak

CDN and International News, Energy Topics & Technology, Latest, Methane / By

(Reuters) – Mexican state energy company Pemex put off urgent repairs and maintenance at an important offshore platform for months, resulting in methane spewing into the atmosphere, according to internal documents and three sources familiar with the infrastructure. Methane, the main component of natural gas, is a much more potent driver of global warming in …

Mexico’s Pemex Put Off Repairs Despite Vast Methane Leak Read More »

Epsilon Energy Ltd. Announces Full Year 2023 Results

Latest, Press Releases / By

HOUSTON, March 20, 2024 (GLOBE NEWSWIRE) — Epsilon Energy Ltd. (“Epsilon” or the “Company”) (NASDAQ: EPSN) today reported its financial results for the fourth quarter and full-year ended December 31, 2023. Epsilon’s highlights for full-year 2023 include: Net revenue interest (NRI) total production of 9.0 Bcfe (24.6 MMcfe per day) for the year ended December …

Epsilon Energy Ltd. Announces Full Year 2023 Results Read More »

ChampionX Agrees to Acquire RMSpumptools, Expanding Reach in International, Offshore Production Technologies Markets

Latest, Press Releases / By

THE WOODLANDS, Texas, March 22, 2024 (GLOBE NEWSWIRE) — ChampionX Corporation (“ChampionX” or the “Company”) (NASDAQ: CHX), a global leader in oilfield technology, announced today it plans to acquire RMSpumptools Limited, a business unit of the energy division of UK-based James Fisher and Sons plc (“JFS”). The unit designs and manufactures highly engineered mechanical and …

ChampionX Agrees to Acquire RMSpumptools, Expanding Reach in International, Offshore Production Technologies Markets Read More »

CERAWeek: AI Emerges as Next Shiny Thing in the Energy World 

Artificial Inteligence, Energy Topics & Technology, Latest, US News / By

Executives gathered at CERAWeek say the technology has potential to become a huge source of demand, as well as reshape production. The energy industry, which has prided itself on innovation since the days of kerosene lamps, has a flashy new technology to be bullish about: artificial intelligence. During on-stage discussions and one-on-one interviews, energy executives from …

CERAWeek: AI Emerges as Next Shiny Thing in the Energy World  Read More »

No Go Joe: Biden’s LNG-Permit Halt Challenged by 16 States in Lawsuit

Conventional Energy, Latest, LNG, US News / By

White House pause on new permits threw sector into disarray Ban will ‘annihilate critical jobs’: Texas attorney general Texas, Louisiana and more than a dozen other US states challenged the Biden administration’s suspension of new licenses to export natural gas via ocean-going tankers. A lawsuit filed against President Joe Biden and the US Department of Energy in Louisiana federal court on …

No Go Joe: Biden’s LNG-Permit Halt Challenged by 16 States in Lawsuit Read More »

Oil Traders Expect Stocks to Fall Significantly after OPEC Extends Cuts

Conventional Energy, Latest, Oil, US News / By

By John Kemp LONDON, March 21 (Reuters) – Global petroleum inventories are only slightly below the long-term seasonal average but futures prices have already moved into a steep backwardation as traders anticipate they will deplete further over the rest of 2024. OECD commercial inventories of crude oil and refined products are estimated to have been around …

Oil Traders Expect Stocks to Fall Significantly after OPEC Extends Cuts Read More »

BlackRock Urges Texas Fund Managers to Reconsider After $8.5 Billion Divestment

Latest, US News / By

(Reuters) – A senior BlackRock executive said on Thursday the world’s largest asset manager was “dismayed” by a Texas state fund’s move to pull $8.5 billion in assets, and urged the fund’s administrators to reconsider. Texas State Board of Education Chair Aaron Kinsey said on Tuesday the Texas Permanent School Fund (PSF) was terminating a contract with …

BlackRock Urges Texas Fund Managers to Reconsider After $8.5 Billion Divestment Read More »

Subscribe
Subscribe