U.S. natural gas futures dropped about 4% on Monday because the country has ample amounts of gas in storage and the coldest weather expected over the next week will likely hit over the long U.S. Martin Luther King holiday weekend when many businesses and government offices are shut. Analysts said there was currently about 12.2% …
U.S. Natgas Prices Drop 4% With Oil Futures, Ample Inventories Read More »
The U.S. Supreme Court on Monday declined to hear a bid by major fossil fuel companies and an industry trade group to move a lawsuit filed by Minnesota accusing them of worsening climate change out of state court and into federal court, the energy industry’s favored venue. Exxon Mobil Corp, Koch Industries and the American …
By Geoffrey Cann Every year at this time I put forth my outlook for the coming year, with a focus on the digital trends that I believe will have the greatest impact on the fortunes of the industry. These are not so much as predictions, as they are speculations on the trends that I see marching along, and how …
My Digital Oil and Gas Outlook for 2024 – Geoffrey Cann Read More »
British Columbia project adds to Shell’s LNG Canada position First binding deal for project targets Asia energy markets By Ruth Liao Shell Plc. signed a long-term deal to buy liquefied natural gas from a Canadian floating export facility to serve energy markets in Asia. The deal, which calls for 2 million metric tons a year of LNG …
Shell Signs 20-year Supply Deal With Canadian LNG Upstart Read More »
January 8, 2024 Globe Newswire The following is an update to the fourth quarter 2023 outlook and gives an overview of our current expectations for the fourth quarter. Outlooks presented may vary from the actual fourth quarter 2023 results and are subject to finalisation of those results, which are scheduled to be published on February 1, …
(Reuters Breakingviews) – Wael Sawan is sitting on the sidelines. The chief executive of $214 billion European oil major Shell has watched Exxon Mobil and Chevron undertake chunky deals in the Permian, one of the world’s most profitable and fast-growing oilfields. In 2024 he could let his U.S. rivals get bigger, or he could amp up his pivot away from renewable energy and …
COMMENTARY: Shell Will be Tempted to Join U.S. M&A Party Read More »
Reuters) – South Korea’s Qcells on Monday said it will supply Microsoft (MSFT.O) with 12 gigawatts of American-made solar panels through 2032 in what the companies called one of the largest ever deals of its kind. The agreement locks in substantial and stable demand for panels Qcells will make at its new $2.5 billion Georgia factory. For Microsoft, …
Microsoft, Qcells Strike Massive Supply Deal for US-Made Solar Panels Read More »
Reuters Jan 8 (Reuters) – Shell (SHEL.L) on Monday flagged impairment charges of about $2.5 billion to $4.5 billion for the fourth quarter, mainly related to the Singapore refining and chemicals hub the oil major is looking to sell. The assets include a 237,000 barrels per day (bpd) refinery and a one million metric ton per year …
Shell flags Q4 Writedown of up to $4.5 billion, Mainly on Singapore Assets Read More »
Summary Saudi Aramco cuts price for key crude grade to Asia OPEC output rises by 70,000 bpd in Dec -Reuters survey Force majeure declared at Libyan oilfield LONDON, Jan 8 (Reuters) – Oil prices fell by more than 2% on Monday on sharp price cuts by top exporter Saudi Arabia and a rise in OPEC …
Oil Slides as Saudi Price Cuts Counter Middle East Worries Read More »
How to Lead Your Organization Towards a Geospatial Infrastructure Today’s successful energy leaders know that GIS is not just about making maps. It’s about harnessing location intelligence to drive more informed strategic and operational decisions. Are you leveraging GIS effectively in your business? Matthew Lewin with Esri Canada (author of Geospatial Strategy Essentials for Managers) …
