Summary Guards get around half of Iran’s oil export revenue, sources say China remains top buyer of Iranian oil, including from IRGC Oil trading network set up by late Quds Force boss Qassem Soleimani (Reuters) – Iran’s Revolutionary Guards have tightened their grip on the country’s oil industry and control up to half the exports …
Iran’s Revolutionary Guards Extend Control Over Tehran’s Oil Exports Read More »
(Reuters) – OPEC+ is wary of a renewed rise in U.S. oil output when Donald Trump returns to the White House, delegates from the group said, because more U.S. oil would further erode OPEC+ market share and hamper the producer group’s efforts to support prices. OPEC+ pumps about half of the world’s oil and earlier …
OPEC+ Wary of Renewed U.S. Oil Output Rise Under Trump Read More »
Turbomachinery, like any other industrial equipment, starts to degrade with age. Spare parts, expertise, and support become harder to find and come at a high price. Declining performance leads to problems with reliability, resulting in downtime and unplanned outages, inefficiencies, potential safety risks, and of course increased costs and reduced revenues. Companies are then faced …
Rotating Equipment Upgrades: Giving Existing Assets a Second Life Read More »
Artificial intelligence (AI) seems to be permeating everything we do, from the innocuous to the incomprehensibly complex. It’s hard to find an industry that hasn’t identified, and started implementing, ways to supercharge operations and strategy using AI. In the energy industry, AI is beginning to revolutionize software, hardware, and system integration encompassing downstream, midstream, upstream oil and gas among …
The Role of Artificial Intelligence in Energy Exploration Read More »
Trump followed a similar path during his first term in office with day-one directives meant to advance construction of oil pipelines and aid in deregulation Bloomberg News Donald Trump telegraphed similar ambitions on the campaign trail, vowing to “unleash domestic energy production like never before”. Photo by Alex Brandon/AP Photo files United States president-elect Donald Trump is poised …
Trump is Ready ‘Within Seconds’ to Issue Orders to Spur on Drilling Read More »
(Reuters) – The administration of U.S. President Joe Biden released a long-awaited study on the economic and environmental impacts of liquefied natural gas exports on Tuesday, saying the results underscored the need for a cautious approach to new permits. Biden in January had paused the Department of Energy’s approvals of U.S. LNG exports to big …
Biden Administration Releases LNG Export Study, Urging Caution on New Permits Read More »
(Reuters) – About half of the United States is at increased risk of power supply shortfalls in the next decade that could lead to outages and electricity conservation measures, the North American Electric Reliability Corporation said on Tuesday. As U.S. power consumption rises from AI data centers and the electrification of buildings and transportation, efforts …
Half US at High Risk of Power Shortfall in Next Decade, Regulator Says Read More »
Slash Exploration Ltd. has retained EnergyNet for the sale of working interest participation in the Capitan 22301 27-22 State Com #20H wellbore in Lea County, New Mexico.
Brigham Exploration is significantly adding to its Permian Basin non-operated portfolio with an acquisition of 7,000 acres from Great Western Drilling.
The developments, located outside of Phoenix and Tucson, have a potential capacity of 290 megawatts for the solar project and over 1 gigawatt for the BESS system, Jones Power said.
