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Hydrogen Project Investments are Accelerating but Uncertainty Remains, IEA Says

CDN and International News, Energy Topics & Technology, Hydrogen, Latest / By

(Reuters) – Final investment decisions for hydrogen projects have doubled over the last 12 months, dominated by China, but installed capacity and demand are low as the industry faces uncertainty, the International Energy Agency (IEA) said in a report on Wednesday. The investment decisions represent a five-fold increase of current low-emission hydrogen production by 2030, …

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Diamondback Energy Raises Third-Quarter Production Forecast

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Oil, US News / By

(Reuters) – U.S. shale producer Diamondback Energy raised its third-quarter production forecast on Tuesday to reflect its $26 billion acquisition of Endeavor Energy. The Texas-based company completed its acquisition of Endeavor Energy last month, making it the third-largest oil and gas producer in the top U.S. shale region, the Permian Basin, putting it just behind industry giants Exxon …

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OPEC+ Doing ‘Noble’ Job of Balancing Oil Market, Says UAE

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Oil, OPEC / By

Summary Minister makes comments hours before OPEC+ committee meets Says many moving factors in short term including geopolitics Comments echo those of Russia’s Novak on Monday Says OPEC+ sacrificed more than other producers (Reuters) – United Arab Emirates Energy Minister Suhail al-Mazrouei said on Wednesday OPEC+ was doing a noble job of balancing the oil …

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OPEC+ Set to Keep Output Policy Unchanged at Panel Meeting

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Oil, OPEC / By

Summary OPEC+ joint ministerial monitoring committee meets on Wednesday Unlikely to change production agreement, two sources say Compliance with cuts by Iraq and Kazakhstan under scrutiny (Reuters) – An OPEC+ ministerial panel scheduled to meet on Wednesday is unlikely to recommend any changes to policy, allowing the group to start gradually increasing production from December, …

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Permian Gas Starts Flowing on Matterhorn Pipeline in Texas

Conventional Energy, Energy Topics & Technology, Latest, Natural Gas, Pipelines / By

Pipeline is moving about 0.3 bcf per day into Transco Permian has long struggled with not enough pipeline capacity Matterhorn Express Pipeline has begun transporting natural gas into Williams Cos.’s Transco pipeline, a long-awaited addition to midstream infrastructure serving the Permian Basin. Matterhorn is moving about 0.3 billion cubic feet per day into Transco, an established pipeline …

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FTC Allows Chevron-Hess Deal, Bars John Hess From Board

Conventional Energy, Energy Topics & Technology, Latest, Mergers and Acquisitions, Oil, US News / By

The U.S. Federal Trade Commission allowed Chevron’s $53 billion purchase of Hess Corp on Monday, in an order that barred Hess CEO John Hess from Chevron’s board. The FTC’s order leaves Exxon Mobil’s challenge to the deal, which is expected to stretch deep into next year, as its final hurdle. The proposed merger included a Chevron …

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‘It’s Not Range Anxiety, It’s Change Anxiety’: Ford Offers Free EV Chargers and Installation Worth $2,300

Electric Vehicles, Energy Topics & Technology, Latest, US News / By

Bloomberg News Ford Motor Co. is offering free home chargers and installation to buyers of its electric vehicles in a bid to boost sales and overcome range anxiety among mainstream car shoppers. The incentive program will begin Tuesday and run through the end of the year, Ford officials said in a briefing with reporters. It’s available on the …

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Flowco’s Owners Prepare to Take Oilfield Services Firm Public in 2025, Sources Say

Energy Topics & Technology, EnergyNow News and Press Releases, Latest, OFS-Oilfield Services, US News / By

  The private equity owners of Flowco have kicked off preparations for an initial public offering of the oilfield services provider that could value it at as much as $2 billion and come as early as the first half of 2025, according to people familiar with the matter. Jefferies, JPMorgan Chase and Piper Sandler have …

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US Buys 6 Million Barrels of Oil for Strategic Petroleum Reserve

Conventional Energy, Energy Storage, Energy Topics & Technology, Latest, Oil, US News / By

(Reuters) – The U.S. has bought 6 million barrels of oil for the Strategic Petroleum Reserve for delivery through May 2025, the Department of Energy said on Monday. The purchases are part of an effort to replenish stockpiles after President Joe Biden ordered the largest ever sale from the reserve in 2022 of 180 million …

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Oil Production in U.S. Gulf of Mexico Recovers Post Hurricane Helene

Conventional Energy, Energy Topics & Technology, Latest, Offshore, Oil, US News / By

Only 3% of crude oil and 1% of natural gas production in the Gulf of Mexico remained shut down in the aftermath of Hurricane Helene, the U.S. Bureau of Safety and Environmental Enforcement (BSEE) said on Sunday. Currently, energy producers are left with 59,000 barrels per day of oil production and nearly 17 million cubic …

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