View of a hybrid power park with solar panels and wind turbines in Sabugal, Portugal, January 12, 2023. REUTERS/Pedro Nunes/File Photo By Gavin Maguire LITTLETON, Colorado, April 8 (Reuters) – The energy transition away from fossil fuels towards cleaner sources of power and electricity is advancing on every continent, but at an uneven pace due to …
Taking Stock of Clean Electricity Progress in Key Markets Read More »
Brokerage Raymond James says its global industry survey of upstream oil companies shows an uptick of 3% in capex spending in 2024, plateauing after 2023. ** Says global spending in 2024 would mark a fourth consecutive increase, albeit the slowest one – there is, however, a cumulative drop of 33% from the peak level of …
Raymond James Expects Global Oil, Gas Upstream Capex Spending to Rise 3% in 2024 Read More »
The bulk of new diesel supply stemming from a $1 billion expansion at the UK’s largest oil refinery operated by Exxon Mobil Corp. will be available in the first quarter of 2025. A new production facility at the Fawley refinery on the south coast of England will initially be geared to production of diesel, helping …
Exxon on Track With UK Refinery Expansion Just as Others Shut Capacity Read More »
Infinium counts Bill Gates as an investor and has fuel buyers that include Amazon and American Airlines. Now, the company is trying to scale up. The economy of Corpus Christi, Texas, is largely built on fossil fuels. A stone’s throw away from major oil and gas fields, the port city is home to dozens of …
A Gates-Backed Startup Is Making Fuel From Water and Carbon Dioxide Read More »
(Reuters) – India’s fuel consumption fell 0.6% year-on-year in March, but demand for the 2024 financial year was up about 5%, primarily driven by higher automotive fuel and naphtha sales. Total consumption, a proxy for oil demand, totalled 21.09 million metric tons (4.99 million barrels per day) in March, down from 21.22 million tons (5.02 …
India’s Fuel Demand Hits New FY Record, up About 5% Read More »
We are pleased to announce our participation in the upcoming Offshore Technology Conference (OTC) from May 6-9, 2024 in Houston, Texas. It’s a great opportunity to network with industry experts and discover exciting new innovations. Visit Our Booth #1652 Meet our team at booth #1652 where we will be showcasing DIMATE PACS and our latest …
Each year the leaders from the top Oil & Gas companies meet in Houston at the Connected Worker Summit to discuss the opportunities and challenges they face digitalizing frontline operations. This year, ROO.AI will be attending the conference and sharing the work that we’ve done for companies in Oil & Gas and MTO Manufacturing including …
Oil & Gas Connected Worker Houston: 20% Off Passes With ROO.AI Read More »
With buyers “starved” for top-tier natural gas assets, Appalachia could become a dealmaking hotspot in the coming years. Operators, analysts and investors are also closely watching what comes out of the ground in the Ohio Utica oil fairway.
Summary Brent, WTI on track to rise more than 4% this week Traders focused on geopolitical tensions U.S. economy added 303,000 jobs last month U.S. drillers cut of oil and gas rigs (Reuters) – The Brent and U.S. West Texas Intermediate crude oil benchmarks rose more than $1 a barrel during trade on Friday as …
The Week Wrap-Up: Oil Prices Climb 4% This Week on Supply Risk Read More »
CERAWeek experts say AI will disrupt oil and gas jobs while new opportunities will emerge as the industry braces for an AI-driven workflow transformation.
