Summary OPEC+ extend 2.2 mln bpd voluntary oil output cuts through Q2 Russia to cut oil output and exports by another 417,000 bpd Brent spreads widen after OPEC+ announcement LONDON, March 4 (Reuters) – Oil prices were little changed on Monday following the widely expected extension of voluntary output cuts through the middle of the …
Oil Steadies After OPEC+ Extends Output Cuts as Expected Read More »
Introduction In today’s world, having different systems and devices can be both tricky and beneficial for industries. One significant challenge is bridging the digital gap between Inspection Data Management System (IDMS) and Nondestructive Testing (NDT) devices. Since inspections use lots of data, it’s important to exchange it automatically and thus digitally. This article explores the …
Here at GEO PSI we often say “You can’t manage what you don’t measure”. And with the ever-increasing need to optimize operations and control costs, operators are looking to real-time remote monitoring as a way to drive the profitability of their assets. The Issues Many energy companies are not equipped with the modern technology required …
PowerGold, a leading provider of renewable energy solutions, today announced the upcoming launch of its groundbreaking ENP Token, poised to disrupt the sustainable investing landscape with the upcoming launch of its innovative ENP Token. This groundbreaking tokenization initiative offers investors a unique opportunity to participate in the growth of the renewable energy sector while contributing …
PowerGold Ushers in a New Era of Sustainable Investing with ENP Token! Read More »
Pennsylvania governor has singled out energy as growth driver State also created task force to mitigate threats to election Democratic Pennsylvania Governor Josh Shapiro said the Biden administration’s recent halt in liquefied natural gas export licenses should be limited in time, stopping short of outright criticizing a pause that could undermine job creation in a …
Pennsylvania Governor Urges Biden to Keep Natural Gas Export Pause Limited Read More »
The small Gulf nation plans to snag an even bigger share of the global natural gas trade, adding more than $30 billion to its annual revenue in the process. With a two-phase mega-expansion already underway and an enormous new buildout now on the horizon, the small Gulf nation of Qatar is setting itself up to control about …
Qatar’s Gas Boost Will Bring Energy Dominance – and Lots of Cash Read More »
Summary OPEC+ producers to continue cuts of 2.2 million bpd Russia to deepen oil output cuts, ease export limits Oil seen opening stronger when trading resumes – PVM DUBAI, March 3 (Reuters) – OPEC+ members led by Saudi Arabia and Russia agreed on Sunday to extend voluntary oil output cuts of 2.2 million barrels per …
OPEC+ Members Extend Oil Output Cuts to Second Quarter Read More »
(Reuters) – Chevron has indefinitely idled two biodiesel production facilities in the U.S. Midwest, the company confirmed on Friday, citing poor market conditions. The second-largest U.S. oil producer bought biodiesel maker Renewable Energy Group for $3.15 billion in 2022 to expand its renewable fuels production to 100,000 barrels per day by 2030. The deal brought it 10 biodiesel …
Chevron Idles Two U.S. Midwest Biodiesel Plants as Profits Slip Read More »
A month-long closure at Freeport LNG plant in Texas and fewer days in the month pushed February U.S. liquefied natural gas exports 7% lower than in January, preliminary date from financial firm LSEG showed on Friday. The drop followed record shipments last year that propelled the U.S. to the world’s largest exporter, above Qatar and …
U.S. LNG Exports Fall in February on Outage and Fewer Calendar Days Read More »
U.S. energy firms this week added oil and natural gas rigs for a second straight week to their highest since September, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, rose by three to 629 in the week to …
U.S. Oil and Gas Rig Count Rises to Highest Since September- Baker Hughes Read More »
