Petrobras CEO Prates to Step Down
Brazil’s President Luiz Inácio Lula da Silva has requested that Petrobras CEO Jean Paul Prates resign following a dispute over dividend payments.
ConocoPhillips Looks to Scale Portfolio, But Citgo Auction Not a Factor
ConocoPhillips has a long-term ambition to boost its LNG offtake capacity to between 10 mtpa to 15 mtpa as it keeps a short-term eye on the auction of Citgo Petroleum.
National Petroleum Council: A Realistic Path to Scaling US Hydrogen
A report by the National Petroleum Council, the culmination of about 18 months of work, offered 23 recommendations to help the hydrogen industry grow through 2050.
Exxon Feels the Heat as More Investors Assail Climate Conduct
Criticism of the oil giant, whose industry is the principal culprit behind global warming, has become an annual rite of spring. But this year may be different. Exxon Mobil Corp. is again finding itself in the crosshairs of environment-focused investors who say the company is falling far short of its climate-related commitments. The criticism of the …
Exxon Feels the Heat as More Investors Assail Climate Conduct Read More »
Qatar Says New Global LNG Projects Will Be Needed After 2030
Gas demand will keep growing as economies expand: minister Middle Eastern nation is already increasing its LNG capacity Demand for natural gas will keep growing and more supply projects will be required globally beyond 2030, Qatar’s energy minister said. The comments from one of the world’s biggest suppliers of liquefied natural gas come amid fears of a …
Qatar Says New Global LNG Projects Will Be Needed After 2030 Read More »
OPEC+ Decision on Output Likely to Prioritize Dollars Over Demand
Ministers from the OPEC+ group of oil producers must agree to raise output when they meet June 1 if they really want to balance the market. That’s the implication of figures published by analysts at the Organization of Petroleum Exporting Countries and their counterparts at the International Energy Agency. OPEC published its monthly forecast Tuesday, …
OPEC+ Decision on Output Likely to Prioritize Dollars Over Demand Read More »
Plug Power Secures $1.66B Conditional Loan Guarantee from DOE
Plug Power said the funds will be used to finance development and construction of up to six green hydrogen production facilities.
What are Biden’s New Tariffs on China Goods?
(Reuters) – President Joe Biden is hiking tariffs on $18 billion in Chinese goods including electric vehicles, batteries, semiconductors, steel, aluminum, critical minerals, solar cells, ship-to-shore cranes, and medical products, while retaining Trump-era tariffs on over $300 billion in goods. The United States Trade Representative’s Office told Reuters it anticipates the effective date will be in …
CVR Energy Provides Update to Operational Statistics and Financial Information for its Petroleum and Renewables Businesses
SUGAR LAND, Texas, May 14, 2024 (GLOBE NEWSWIRE) — CVR Energy, Inc. (“CVR Energy” or the “Company”) (NYSE: CVI) today announced its outlook for certain operational statistics and financial information for its Petroleum and Renewables businesses for the second quarter of 2024. This information was not included in the announcement of the results of the …
IEA Trims 2024 Oil Demand Growth Forecast, Widening Gap with OPEC View
The International Energy Agency (IEA) trimmed its forecast for 2024 oil demand growth on Wednesday, further expanding the chasm between it and oil producer group OPEC regarding the outlook for global oil demand this year. The Paris-based energy watchdog lowered its growth outlook for this year by 140,000 barrels per day (bpd) to 1.1 million …
IEA Trims 2024 Oil Demand Growth Forecast, Widening Gap with OPEC View Read More »