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Summary Fed governor sees ‘no rush’ to cut interest rates Gaza ceasefire talks underway in Paris US oil rig count up six in biggest weekly hike since November (Reuters) – Oil prices fell nearly 3% lower on Friday and posted a weekly decline after a U.S. central bank policymaker indicated interest rate cuts could be …
Oil Ends Lower, Posts Weekly Decline as U.S. Rate Cut Hopes Dim Read More »
Summary Fed governor sees ‘no rush’ to cut interest rates Gaza ceasefire talks underway in Paris US oil rig count up six in biggest weekly hike since November (Reuters) – Oil prices fell nearly 3% lower on Friday and posted a weekly decline after a U.S. central bank policymaker indicated interest rate cuts could be …
Oil Ends Lower, Posts Weekly Decline as U.S. Rate Cut Hopes Dim Read More »
Courtesy of Axios Last year crushed global recorded temperature records, but this year has started off hotter. The El Niño event beginning last year continues to have a big impact on global temperatures. One potential source of reprieve: there is now a 77 percent chance of a La Niña event this year, according to Axios, which could help bring down …
2024 Already Looking Hot: Daily Global Average Surface Air Temperature – ENERGYminute Read More »
Courtesy of Interesting Engineering Not since Michael Scott said Webster’s defined a wedding as “the fusing of two hot metals with a hot torch” has welding been so exciting. What happened: The world of nuclear power is abuzz with excitement as UK-based Sheffield Forgemasters achieves a remarkable milestone: the welding of a full-size nuclear reactor vessel in just under 24 …
Construction Shifts into High Gear on SMRs – ENERGYminute Read More »
Bloomberg News Canada’s oil producers are poised to pour about half a million barrels of new daily output — more than the total production of some Organization of Petroleum Exporting Countries (OPEC) members — into world markets over the next year or sp. And while the deluge of new crude will be a boon to …
Canada’s Oil Boom Threatens to Bring Back Pipeline Shortages Read More »
Summary Shell’s LNG trading accounted for third of Shell’s Q4 profit Trading was boosted by East-West arbitrage, CEO said (Reuters) – Nearly a third of Shell’s profit in the fourth quarter of 2023 came from the $2.4 billion it made in trading liquefied natural gas (LNG) as it captured strong demand ahead of winter, three sources …
Shell’s LNG Trading Makes $2.4 billion in Final 2023 Quarter, Sources Say Read More »
Suncor Energy, Canada’s second-largest oil producer, will focus this year on cutting operating costs in its oil sands mining business, CEO Rich Kruger said on Thursday, as the company continues efforts to fix long-running underperformance. Calgary-based Suncor is trying to improve safety and efficiency after a string of fatalities at oil sands sites in recent …
Canada’s Suncor Looks to Cut High Oil Sands Mine Operating Costs Read More »
(Reuters) – Spanish oil company Repsol will hand shareholders up to 10 billion euros ($11 billion) via dividends and buybacks through 2027 as it pushes forward with its pivot to renewable energy and biofuels, it said on Thursday, driving its shares up. The Spanish firm joins other big oil companies offering record returns to shareholders despite a steep …
Repsol to Return Up to 10 Billion Euros to Shareholders by 2027 Read More »
Reuters (Reuters) – Siemens Energy is confident it can solve quality issues at its onshore wind division but that process could take several years, its CEO said in written remarks published ahead of the group’s annual general meeting (AGM). “The losses we incurred in our wind business and the underlying problems are unacceptable. We will …
Siemens Energy CEO: Fixing Onshore Wind Business Will Take Years Read More »
Compensation talks were under way following the expropriation earlier this month of a plant at a major Mexican oil refinery that was sold to France’s Air Liquide several years ago, the company’s chief executive said on Tuesday. Mexico’s energy ministry announced the expropriation of the hydrogen plant at the Tula refinery, owned and operated by …
After Plant Expropriation in Mexico, Air Liquide Says Compensation Talks Under Way Read More »
