Energy Topics & Technology

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Exxon Mobil, CF Industries Sign Carbon Capture and Storage Deal

Carbon Capture, Energy Topics & Technology, Latest, US News / By

(Reuters) – Energy major Exxon Mobil  said on Thursday it has entered into a carbon capture and storage (CCS) agreement with ammonia producer CF Industries. Carbon capture is a process through which carbon dioxide (CO2) generated from industrial activity is stored underground. The process has been embraced by oil companies including Chevron, Occidental Petroleum and Talos Energy. …

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Russia’s Novak Says No Friction with OPEC+ Over Exceeding Production Quotas

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

(Reuters) Russian President Vladimir Putin’s oil point man said on Thursday that there was no friction with OPEC+ due to Russia exceeding crude production quotas and that the world’s second largest oil exporter would compensate for its overpumping. Russia said on Wednesday that its crude oil production in June exceeded quotas set by the OPEC+ …

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Meme-Stock Investors Lose Millions on Energy Company Takeover

Conventional Energy, Energy Topics & Technology, Latest, LNG, Mergers and Acquisitions, Natural Gas, US News / By

Meme-stock investors lose millions on energy company takeover Tellurian is a cautionary tale for amateur traders hoping to outsmart Wall Street Bloomberg News For Bjorn Bos and other retail investors who piled into energy company Tellurian Inc. in the past few years, it wasn’t meant to end this way. Several meme stocks, including GameStop and …

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Tesla Stages US$386-Billion Comeback as Musk Focuses on AI

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

Tesla stages US$386-billion comeback as Musk focuses on AI The chief executive managed to get investors to pay more mind to the automaker’s AI potential than its sluggish sales Bloomberg News This year has been a testament to Elon Musk’s ability to lead Tesla Inc.’s shares into and out of trouble. It’s been a volatile time even …

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Declining Mexican Crude Output Could Shatter Energy Independence Dream

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

Summary Mexico will likely need to import crude after 2030 Zama and Trion fields to lift output but others decline rapidly (Reuters) – Mexico’s incoming President Claudia Sheinbaum will likely face a new challenge fulfilling the dream of energy independence that led her predecessor to spend $17 billion on a new refinery: a shortfall in domestic crude supply. …

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U.S. Democrats Launch Bill Holding Oil Firms Accountable for Any Work with OPEC

Energy Topics & Technology, Latest, OPEC, Tri-Pinned, US News / By

(Reuters) Democratic U.S. lawmakers on Wednesday introduced a bill to hold energy companies accountable if they are found by federal regulators to have colluded with the Organization of the Petroleum Exporting Countries to raise oil prices. The bill, introduced by Senator Edward Markey and Representative Nanette Barragan, says that if any energy company is found by …

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US Gasoline Demand Rose Last Week to Highest Seasonal Level Since 2021 – EIA

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

(Reuters) U.S. gasoline demand rose to 9.46 million barrels per day (bpd) last week, the most for this time of the year since 2021’s record high of over 10 million bpd, data from the U.S. Energy Information Administration (EIA) showed on Wednesday. Product supplied of gasoline, EIA’s measure of demand, rose by 673,000 bpd in …

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US Democrats Launch Bill Holding Oil Firms Accountable for Any Work with OPEC

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

(Reuters) Democratic U.S. lawmakers on Wednesday introduced a bill to hold energy companies accountable if they are found by federal regulators to have colluded with the Organization of the Petroleum Exporting Countries to raise oil prices. The bill, introduced by Senator Edward Markey and Representative Nanette Barragan, says that if any energy company is found by …

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Shale Boss Warns Gas Prices Would ‘Skyrocket’ Under Frack Ban

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

Comments come as Kamala Harris is a contender for White House Harris had previously endorsed fracking, offshore-drilling ban Prices for natural gas would “skyrocket” if fracking was banned. That’s according to Toby Rice, chief executive officer of shale driller EQT Corp., marking one of the first prominent voices in the fossil fuel industry to comment on …

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U.S. Oilfield Firms Slash Prices as Mega-Mergers Shrink Customer Base

Energy Topics & Technology, Latest, Tri-Pinned, US News / By

*Mega-mergers lead to reduced work for oilfield services companies*Smaller firms with older tech forced to lower prices to stay competitive *Mergers rise as service companies struggle to maintain customer base By Georgina McCartney HOUSTON, July 24 – A wave of mega-mergers among oil producers is forcing the U.S. service companies that drill and hydraulically fracture …

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