Energy Topics & Technology

Auto Added by WPeMatico

SLB Announces Agreement to Acquire ChampionX in an All-Stock Transaction

Energy Topics & Technology, Latest, Mergers and Acquisitions, Press Releases / By

Acquisition strengthens SLB as a leader in production space, with world-class production chemicals and artificial lift technologies Combined portfolios will drive customer value through deep industry expertise and digital integration, as well as enhanced equipment life and production optimization ChampionX shareholders to receive 0.735 SLB shares for each share of ChampionX Annual pre-tax synergies to …

SLB Announces Agreement to Acquire ChampionX in an All-Stock Transaction Read More »

OPEC+ Unlikely to Change Output Policy at Panel Meeting

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

Summary OPEC+ JMMC meets on Wednesday at 1100 GMT Producers earlier agreed to extend output cuts Oil rallies to $89 a barrel, highest this year LONDON, April 3 (Reuters) – An OPEC+ ministerial panel is unlikely to recommend any oil output policy changes at a meeting later on Wednesday, three OPEC+ sources told Reuters, following …

OPEC+ Unlikely to Change Output Policy at Panel Meeting Read More »

Drought Poses Key Risk to Canada’s Natural Gas Producers in 2024

CDN and International News, Conventional Energy, Energy Topics & Technology, Environment, Latest, Natural Gas / By

CALGARY — Persistent drought conditions are poised to challenge natural gas producers even as they aim to ramp up in anticipation of Canada’s first liquefied natural gas export terminal opening, a new report warns. The report by Deloitte Canada identifies potential water shortages in Western Canada as a key risk facing the oil and gas …

Drought Poses Key Risk to Canada’s Natural Gas Producers in 2024 Read More »

U.S. Energy Sector Consolidation Trend Continues in 2024

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

The $250-billion consolidation wave that swept through the US energy sector in 2023 has continued into 2024, with experts anticipating further transactions as energy firms aim to improve inventory longevity while minimising costs. The majority of energy executives polled in December by the Federal Reserve Bank of Dallas expected more oil deals worth $50 billion …

U.S. Energy Sector Consolidation Trend Continues in 2024 Read More »

Oil Bosses Rip Biden Policies Even as U.S. Production Soars

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

Executives remain steadfast in their criticism even as many fossil-fuel companies thrive. The anonymous comments from shale-oil executives in the Federal Reserve Bank of Dallas’ quarterly energy survey are rarely complimentary to President Joe Biden and his policies. The remarks in last week’s edition, however, were particularly notable given the apparent state of the market. The US …

Oil Bosses Rip Biden Policies Even as U.S. Production Soars Read More »

Tesla Has Wall Street Worried About How Many Cars it Just Sold

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

Bloomberg News Tesla Inc. may be headed for a gloomy milestone as waning demand for electric vehicles and elevated interest rates take a toll on sales. Analysts rapidly lowered their projections for this week’s deliveries report as the quarter came to a close. Some on Wall Street are even braced for Tesla’s first sales decline since the early …

Tesla Has Wall Street Worried About How Many Cars it Just Sold Read More »

OPEC+ Unlikely to Change Output Policy at April 3 Meeting

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

Summary OPEC+ JMMC meets on Wednesday at 1100 GMT Producers earlier agreed to extend output cuts Oil rallies to $89 a barrel, highest this year (Reuters) – An OPEC+ ministerial panel is unlikely to recommend any oil output policy changes at a meeting on Wednesday, five OPEC+ sources told Reuters, as oil prices hit their …

OPEC+ Unlikely to Change Output Policy at April 3 Meeting Read More »

U.S. Climate Law Has Boosted Solar, Batteries; Hydrogen, Other Initiatives Lag

Energy Topics & Technology, Hydrogen, Latest, Renewable Energy, Solar, Tri-Pinned, US News, Wind / By

The U.S. has doubled the pace of cutting carbon emissions since President Joe Biden’s Inflation Reduction Act (IRA) passed in 2022, analysts and scientists said, with more than 80 solar, wind and energy storage projects taking advantage of the law’s mix of direct payments and tax credits. The IRA and the Bipartisan Infrastructure Law last …

U.S. Climate Law Has Boosted Solar, Batteries; Hydrogen, Other Initiatives Lag Read More »

U.S. March LNG Exports Flat as Freeport Plant Woes Continue

Energy Topics & Technology, Exploration & Production, Latest, LNG, Pinned Primary, US News / By

U.S. exports of liquefied natural gas (LNG) fell slightly in March to 7.61 million metric tons (MT) from 7.73 MT in February as production of the superchilled gas from the country’s second largest exporter remained constrained, preliminary data from financial firm LSEG showed on Monday. But the U.S. was the largest exporter of LNG last …

U.S. March LNG Exports Flat as Freeport Plant Woes Continue Read More »

Enbridge Completes Sale of its Interests in Alliance Pipeline and Aux Sable

Energy Topics & Technology, Latest, Mergers and Acquisitions, Press Releases / By

CALGARY, AB, April 1, 2024 /PRNewswire/ – Enbridge Inc. (“Enbridge” or “the Company”) (TSX: ENB) (NYSE: ENB) announced today the closing of the agreement to sell its 50.0% interest in Alliance Pipeline and its 42.7% interest in Aux Sable to Pembina Pipeline Corporation (“Pembina”) (TSX: PPL) (NYSE: PBA) for $3.1 billion, previously announced on December 13, 2023. This is an important milestone …

Enbridge Completes Sale of its Interests in Alliance Pipeline and Aux Sable Read More »

Subscribe
Subscribe