Wirth: Chevron Won’t Put ‘New Capital into Venezuela’
California-based Chevron Corp. doesn’t plan on allocating more capex into its operations in Venezuela even though it still has U.S. approval to operate there, despite Washington sanctions.
Vision RNG Expands Leadership Team
Vision RNG named Adam Beck as vice president of project execution, Doug Prechter as vice president of finance and Beckie Dille as HR manager.
U.S. Crude Stocks and Gasoline Inventories Rise, Distillate Inventories Fall – EIA
U.S. crude stocks and gasoline inventories rose while distillate inventories fell in the week ending April 26, the Energy Information Administration said on Wednesday. Crude inventories rose by 7.3 million barrels to 460.9 million barrels in the week ended April 26, the EIA said, compared with analysts’ expectations in a Reuters poll for a 1.1 …
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U.S. Oil and Gas Production Rebounds After Winter Storm: Kemp
U.S. oil and gas production rebounded sharply in February after extensive disruption the previous month caused by freezing wells and other outages stemming from Winter Storm Heather in the middle of January. Nationwide crude and condensates output jumped by 0.6 million barrels per day (b/d) in February reversing a decline of 0.7 million b/d in …
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Repsol Plans to Double Oil Production in Venezuela
Spain’s Repsol plans to double its oil production in Venezuela and continue with its diluent swap agreements with the OPEC country as approved by the U.S. government.
U.S. Henry Hub Natgas Prices Fall to 29-Year Low in April
U.S. spot natural gas prices at the Henry Hub benchmark in Louisiana fell to a 29-year low in April, according to data from financial firm LSEG. Gas prices averaged $1.60 per million British thermal units (mmBtu) in April, their lowest since averaging $1.59 during the month in 1995. That compares with $2.16 in April 2023, …
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Integrated RNG: Nopetro Energy on Creating a Circular Economic Model
Working with municipalities, Nopetro Energy aims to produce 2 million MMBtu of RNG annually.
Microsoft, Brookfield to Partner on Renewable Energy Projects
By Reuters May 1, 2024 May 1 (Reuters) – Canada’s Brookfield Asset Management and technology giant Microsoft will develop new wind and solar farms in an attempt to bring over 10.5 gigawatts of new renewable energy capacity, the companies said on Wednesday. The agreement provides a pathway for Brookfield to deliver the new renewable energy capacity between …
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Oil, Gas Production Fee Set to Hit Colorado Producers
The deal reached this week will eliminate several proposed ballot measures targeting the fossil fuel industry ahead of this year’s election, including one that would have halted drilling in summer months.
Canada’s Long-Delayed Trans Mountain Oil Pipeline Set to Start Operations
(Reuters) – After 12 years and C$34 billion ($24.7 billion), Canada’s Trans Mountain pipeline expansion project (TMX) is set to start shipping oil on Wednesday, a major milestone expected to transform access to global markets for the country’s producers. Pipeline constraints have forced Canadian oil producers to sell oil at a discount for many years, but TMX …
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