Energy Transition in Motion (Week of Oct. 18, 2024)
Here is a look at some of this week’s renewable energy news, including approval of a 2-gigawatt geothermal project in Utah.
Energy’s Election Stakes: Regulations, Bureaucracy, Permitting
Oil and Gas Investor assembled a group of seven oil and gas executives, policy advocates and other experts to talk about what’s really at stake in the November election and the many challenges facing the energy sector, regardless of who wins.
US Drillers Cut Oil, Gas rigs for the Fourth Time in Five Weeks
The oil and gas rig count fell by one to 585 in the week to Oct. 18. Baker Hughes said that puts the total rig count down 39 rigs, or 6% below this time last year.
Texas Capital Navigates the Trends Shifting Financial Markets
Texas Capital has had to navigate trends impacting the financial markets, such as an emphasis on ESG and less-than-favorable equity markets, said Daniel Hoverman, Texas Capital’s head of corporate and investment banking, at ECC.
US Natgas Prices Hold Near 1-Month Low as LNG Feedgas Rise Offsets Mild Weather
(Reuters) – U.S. natural gas futures held near a one-month low on Friday as a bullish rise in the amount of gas flowing to liquefied natural gas (LNG) export plants offset bearish forecasts that mild weather will keep heating demand low through early November. Front-month gas futures for November delivery on the New York Mercantile …
US Natgas Prices Hold Near 1-Month Low as LNG Feedgas Rise Offsets Mild Weather Read More »
SLB Warns Cautious Oil Explorers Have Slowed Growth in Spending
Company expects to beat goal of $3 billion in investor returns Schlumberger is often a bellwether for oil and gas industry SLB headquarters in Houston.Photographer: Mark Felix/Bloomberg SLB, the world’s biggest oilfield services provider, warned that spending growth by oil explorers has waned in the past few months as customers take a cautious approach amid …
SLB Warns Cautious Oil Explorers Have Slowed Growth in Spending Read More »
SLB Beats Quarterly Profit Estimates on Steady International Business
Oct 18 (Reuters) – Oilfield services firm SLB’s (SLB.N) third-quarter profit rose 13% and beat analysts’ estimates on Friday on steady demand for its equipment and technology in international market and from offshore projects in North America. However, the company warned of limited spending by international producers in a weak oil price environment. SLB, which gets 81% …
SLB Beats Quarterly Profit Estimates on Steady International Business Read More »
Google Says Nuclear is Key to Around-the-Clock Clean Power
Supporting the development of several advanced small modular reactors Bloomberg News Alphabet Inc.’s Google sees nuclear power as a key part of its strategy to get around-the-clock clean energy to operate artificial intelligence facilities, Michael Terrell, senior director of energy and climate, said on Bloomberg Television. Earlier this week, Google announced its first investment in nuclear power …
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Northvolt Closes in on $300 Million Rescue Package to Stay Afloat
Combination of shareholders, lenders and customers are participating in the bridge funding Bloomberg News Northvolt AB is closing in on a US$300 million rescue package that includes debt and equity, according to people familiar with the matter, buying time for the cash-strapped Swedish battery maker to stabilize production and line up longer-term financing. A combination of …
Northvolt Closes in on $300 Million Rescue Package to Stay Afloat Read More »
Dissecting the U.S. Methane Regulation Landscape: Key Policies and Future Direction – Methane Mitigation
Exclusive insights for the Oil and Gas industry. Read Now. With ongoing international climate efforts and growing pressure to meet methane emissions reduction targets, 2025 is expected to be a crucial year for evaluating global progress in mitigating the worst effects of climate change. Building on the momentum from previous years, the U.S. remains focused …