Baker Hughes Makes Flare Emissions Breakthrough
Baker Hughes has developed a new application for flare.IQ, its emissions abatement technology.
U.S. Natgas Prices Climb on Bigger-Than-Expected Storage Withdrawal
U.S. natural gas futures extended gains on Thursday, having hit their lowest level in over two weeks earlier in the session, after a weekly report showed a bigger-than-expected storage withdrawal last week. Front-month gas futures for April delivery on the New York Mercantile Exchange rose 2.4 cents, or 1.5%, to $1.682 per million British thermal …
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International Energy Agency (IEA) Statistics: Monthly Oil Statistics
Monthly Oil Statistics The latest IEA’s Monthly Oil Statistics report including December 2023 data shows that for Total OECD: Total OECD production of crude oil, NGL and refinery feedstocks increased by 8.7% in December 2023 compared to December 2022. Refinery gross output of total products increased by 3.5% on a year-on-year basis. Net deliveries of total products decreased by 3.6% in December 2023 compared to …
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International Energy Agency (IEA) Statistics: Monthly Gas Statistics
Monthly Gas Statistics The latest IEA’s Monthly Gas Statistics report including December 2023 data shows that for Total OECD: Production of natural gas increased by 3.9% compared to December 2022. Imports (entries)1 of natural gas were 6.4% lower on a year-on-year basis, and total OECD exports (exits)1 decreased by 2.5% in the same period. Gross consumption of natural gas decreased by 6.1% in December …
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Laredo Oil Subsidiary, Erehwon Enter Into Drilling Agreement with Texakoma
The agreement with Lustre Oil and Erehwon Oil & Gas would allow Texakoma to participate in the development of 7,375 net acres of mineral rights in Valley County, Montana.
Sinopec Brings West Sichuan Gas Field Onstream
The 100 Bcm sour gas onshore field, West Sichuan Gas Field, is expected to produce 2 Bcm per year.
Sabadus: US to Steer Global Energy Markets Amid Clashing Forces
Increased geopolitical risk and the shift from fossil fuels to renewables are pulling the world in different directions, and the U.S. will be called to play a significant role in the global tug of war.
Democrats Warn U.S. Trade Bank on Backing Bahrain Oil Drilling
Export-Import Bank set to vote on financing project Thursday Venture would undermine climate progress, lawmakers say Congressional Democrats are making a last-ditch appeal to leaders of the US Export-Import Bank before a critical vote Thursday, warning the agency its plan to underwrite oil drilling in Bahrain would undercut global efforts to fight climate change. “The world is …
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Weak bids in Citgo Auction Spurs Venezuela to Pitch Alternative Pay Plan
HOUSTON/MIAMI, March 14 (Reuters) – The highest bid received in a U.S. auction of shares that will decide the fate of Venezuela-owned oil refiner Citgo Petroleum was $7.3 billion, enough to cover only a third of court-approved claims, two people familiar with the matter said. A federal court in Delaware is auctioning the shares of a parent …
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IEA Again Raises Oil Demand Outlook But Still Lags OPEC
Summary IEA raises 2024 oil demand forecast by 110,000 bpd Houthi attacks on shipping lead to longer routes Economic headwinds still seen putting damper on growth LONDON, March 14 (Reuters) – The International Energy Agency raised its view for oil demand growth by 110,000 barrels per day (bpd) from its previous month’s forecast as Houthi …
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