Hirs: The High Cost of Overreaching Regulation, Secrecy
Energy regulators have withheld critical information that’s resulted in damage to markets and competition.
Shale Players Hit Sweet Spot with Higher Volumes, Lower Costs: EIA
Over the past two years, publicly traded E&Ps have generally increased production, with oil volumes in second-quarter 2024 averaging 3.9 MMbbl/d while production costs have fallen by $11/boe since 2019.
International Energy Agency (IEA) Statistics: Monthly Oil Statistics – Including up to September 2024
The latest IEA’s Monthly Oil Statistics report including September 2024 data shows that for Total OECD: Total OECD production of crude oil, NGL and refinery feedstocks increased by 0.5 % in September 2024 compared to September 2023. Refinery gross output of total products decreased by 1.6% on a year-on-year basis. Net deliveries of total products decreased 1.3% in September 2024 compared to September 2023. Oil stock levels …
International Energy Agency (IEA) Statistics: Monthly Gas Statistics – Including up to September 2024
The latest IEA’s Monthly Gas Statistics report including September 2024 data shows that for Total OECD: Production of natural gas decreased by 1.8% compared to September 2023. Imports (entries)1 of natural gas were 2.7% higher on a year-on-year basis, and total OECD exports (exits)1 increased by 6.8% in the same period. Gross consumption of natural gas increased by 0.3% in September 2024 on a year-on year basis. …
Canadian Premiers Urge Strong Response to Trump Tariff Threat, Minister Says
Ontario Premier Doug Ford said energy exports to the United States could also be halted, without offering further details.
Fossil Fuels Initially Needed for AI Boom, Nuclear Expert Says
Tepco adviser Klein says gas likely required in the short term Japan is going to need ‘more and more electricity,’ he says The rise of artificial intelligence will drive a surge in electricity demand that’ll initially be met by fossil fuels, before nuclear replaces that source, the head of a body advising Japan’s top utility …
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Exxon and Chevron Offer Wall Street Opposing Visions
The rivalry between Standard Oil descendants is set to boil over as they battle for control of Guyana’s massive patch. The rivalry between Exxon Mobil Corp. and Chevron Corp. is thinly veiled during the best of times. But it’s ripe to spill into the open next year as they make starkly contrasting pitches to Wall …
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Hefty US Thermal Coal Exports Look Set to Keep Climbing in 2025: Maguire
U.S. coal traders have exported the highest volume of thermal coal in six years over the first eleven months of 2024, and look set to ship out even greater volumes in 2025 once President-elect Donald Trump takes office. U.S. exports of coal used in power generation hit 32.6 million short tons from January through November, …
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Houston American Energy Corp. Announces First Phase of Strategic Acquisitions to Accelerate Growth and Transformation
HOUSTON, TX, Dec. 12, 2024 (GLOBE NEWSWIRE) — Houston American Energy Corp. (NYSE American: HUSA) (the “Company”) today announced a pivotal step towards a transformation into an integrated energy and technology company with the signing of two non-binding Letters of Intent to acquire Abundia Global Impact Group LLC (AGIG) and RPD Technologies (RPD). These proposed …
IEA Expects Comfortably Supplied Oil Market in 2025 Despite Demand Hike
Summary Sees overhang of up to 1.4 million bpd in 2025 Sees higher 2025 demand growth on China stimulus Trims 2024 oil demand growth forecast by 80,000 bpd (Reuters) – The world oil market will be comfortably supplied in 2025, the International Energy Agency (IEA) said on Thursday, even after producer group OPEC+ extended oil supply …
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