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Oilfield Service Companies Add More Jobs in November, Trade Group Says

Conventional Energy, Energy Topics & Technology, Latest, Natural Gas, OFS-Oilfield Services, Oil, US News / By

Oilfield service companies ramped up hiring in November, adding 1,890 jobs in the sector, according to data from trade group Energy Workforce & Technology Council released on Monday. WHY IT’S IMPORTANT Oilfield service hiring can serve as an indicator of the health of the sector. Companies bringing on more employees could imply more drilling to …

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U.S. AI Task force Co-Chair Asks FERC to Support Co-Located Data Centers – Letter

Electricity Grid, Energy Topics & Technology, Latest, US News / By

A co-chair of the U.S. Congressional artificial intelligence task force urged federal energy regulators this week to support the development of data centers directly connected to power plants, citing national security and competition for global AI dominance, according to a letter seen by Reuters dated Dec. 5. U.S. Congressman Jay Obernolte said the Federal Energy …

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Oilfield Services Provider Flowco Files for U.S. IPO

Energy Topics & Technology, Latest, OFS-Oilfield Services, US News / By

Oilfield services provider Flowco Holdings said on Friday it has filed for a U.S. initial public offering, the latest to capitalize on the recent revival in investor appetite for newly listed stocks. The U.S. IPO market, which had largely avoided large deals for nearly three years, is experiencing a revival as improving investor sentiment and …

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U.S. Drillers Add Oil and Gas Rigs for First Time in 8 Weeks -Baker Hughes

Conventional Energy, Drilling Rigs, Energy Topics & Technology, Latest, Natural Gas, Oil, Tri-Pinned, US News / By

Dec 6 (Reuters) – U.S. energy firms this week added oil and natural gas rigs for the first time in eight weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, rose by seven to 589 in the week to …

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BP Seeks Buyers for U.S. Natural Gas Pipeline System Stake, Sources Say

Energy Topics & Technology, Latest, Pipelines, US News / By

BP is seeking buyers for a stake in its U.S. natural gas pipeline network, four people with knowledge of the matter said. The British energy company could raise up to $3 billion from the sale, two of the people said, with one of them adding that BP may sell up to a 49% stake in …

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Funds Wait on U.S. Energy Regulator to Answer a $26 Trillion Question

Electricity Grid, Energy Topics & Technology, Latest, US News, Utilities / By

(Reuters) U.S. energy regulators have another window of opportunity to clarify the role that giant fund firms should play in corporate ownership. It’s a good chance to resolve a nagging question for investors and stock issuers alike. In October BlackRock  asked the U.S. Federal Energy Regulatory Commission to extend for another three years its permission …

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Bank Sold Over $270 million of US Oil Futures Ahead of OPEC+ Meet, Source Says

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

(Reuters) – A single bank sold a large volume of U.S. oil futures contracts in early afternoon trading on Wednesday, a person with direct knowledge of the matter said, pushing prices down more than 1% within minutes and causing traders to scramble to decipher the reason. The sale, just hours ahead of an OPEC+ virtual …

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US Crude Stocks Fall, Fuel Inventories Rise, EIA Data Shows

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

(Reuters) – U.S. crude stocks fell while gasoline and distillate inventories rose last week, the Energy Information Administration (EIA) said on Wednesday. Crude inventories fell by 5.1 million barrels to 423.4 million barrels in the week ended Nov. 29, the EIA said, compared with analysts’ expectations in a Reuters poll for a 671,000-barrel draw. Crude …

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