Betting on the Future: Chevron Technology Ventures’ Investment Strategy
After a quarter century, Chevron Technology Ventures seeks both incremental and breakthrough technologies with its early-stage investment program.
Deepwater Roundup 2024: Offshore Australasia, Surrounding Areas
Projects in Australia and Asia are progressing in part two of Hart Energy’s 2024 Deepwater Roundup. Deepwater projects in Vietnam and Australia look to yield high reserves, while a project offshore Malaysia looks to will be developed by an solar panel powered FPSO.
Power Bills Will Keep Rising Even After the Fed Tames Inflation
As utilities shell out to fortify, decarbonize and expand their grids, US ratepayers are footing the bill. Bloomberg Alfredo De Avila grows increasingly frustrated when his electricity bill arrives each month. Price gains for groceries and other household essentials have eased in the past year, but the rising cost of power is still eating into …
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Energy Transfer Files for Regulator Review in Pipeline Spat
Firm wants FERC to verify developer Williams is in compliance Pipeline giant is in legal battle with several developers Bloomberg Energy Transfer LP is asking the Federal Energy Regulatory Commission to take a closer look at a Williams Cos Inc. pipeline project as a legal battle rages between the two companies. Energy Transfer said in a FERC filing …
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Oil Market to Get ‘Extremely Tight’ in Second Half, Citadel Says
Prices could rise to a level that will constrain demand OPEC regained control of the market, says Sebastian Barrack Bloomberg Global oil markets are on track to be “extremely tight” in the second half, with prices rising to a level that will eventually constrain demand if OPEC doesn’t bring back more supply, said the head …
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Odds of $100 Oil Rise as Supply Shocks Convulse the Market
Intensifies fears of commodity-driven inflation resurgence Bloomberg News When oil prices jumped above US$90 a barrel just days ago, military tensions between Israel and Iran were the immediate trigger. But the rally’s foundations went deeper — to global supply shocks that are intensifying fears of a commodity-driven inflation resurgence. A recent move by Mexico to slash its …
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BP Expects Rise in First-Quarter Upstream Energy Output
(Reuters) – BP said on Tuesday it expects first-quarter upstream production of both oil and gas as well as low-carbon energy to be higher than the previous three months. The London-listed oil major also expects strong results in oil and gas trading, along with a $100 million-$200 million boost from improved oil refining margins. Lower …
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U.S. Power System Set to Cut Coal Use to Record Lows
LITTLETON, Colorado, April 9 (Reuters) – Utilities in the United States are on track to cut the share of coal in national power generation to record lows over the coming months, as the heating demand season ends and output from clean power sources such as solar and wind farms hits record highs. During the first …
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U.S. Gulf Coast Heavy Crude Oil Prices Firm as Supplies Tighten
(Reuters) – Prices for heavier crude oil along the U.S. Gulf Coast have climbed in recent weeks, trading at a rare near-par with lighter oil, a sign of supply tightness that could add to rising gasoline prices. Refineries along the Gulf Coast, which account for more than 55% of total U.S. refining capacity, are geared …
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Oil Prices Turn Higher as Middle East Ceasefire Hopes Wane
(Reuters) – Oil prices edged higher on Tuesday, after hopes diminished that negotiations between Israel and Hamas would lead to a ceasefire in Gaza, and on Mexico’s plan to remove more crude from the global market. Brent crude futures rose 28 cents, or 0.31%, to $90.66 a barrel by 1002 GMT. U.S. West Texas Intermediate …
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