Energy Topics & Technology

Auto Added by WPeMatico

Heavy Oil Shortage Spells Higher Cost for U.S. Shippers, Road Builders

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

(Reuters) – Mexican export cuts and a rerouting of Canadian output are shrinking already limited supplies of heavy crude in the Atlantic basin, driving up refiners’ costs with a likely knock-on effect to industries ranging from shipping and construction to Middle Eastern power plants. Prolonged OPEC supply cuts and international sanctions on Venezuela, Iran and …

Heavy Oil Shortage Spells Higher Cost for U.S. Shippers, Road Builders Read More »

U.S. Oil Executive Censure Puts Spotlight on Shale-OPEC Meetings

Energy Topics & Technology, Latest, Oilsands, Shale, US News / By

A U.S. regulator’s censure of a top U.S. oil executive over private meetings with the Organization of the Petroleum Exporting Countries (OPEC) group of oil producers has put a spotlight on dinners attended by dozens of shale executives. The U.S. Federal Trade Commission (FTC) on Thursday barred former Pioneer Natural Resources CEO Scott Sheffield from …

U.S. Oil Executive Censure Puts Spotlight on Shale-OPEC Meetings Read More »

Shell Smashes Forecasts with $7.7 Billion Quarterly Profit

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, LNG, Natural Gas, Oil, Tri-Pinned, US News / By

Summary Shell announces further $3.5 bln in buybacks Oil trading boosted by Red Sea diversions and Russia disruption LNG earnings beat expectations LONDON, May 2 (Reuters) – Shell  reported first-quarter profit of $7.7 billion on Thursday, sharply beating expectations after disruptions in the Red Sea and Russia lifted oil refining and trading. The company also said …

Shell Smashes Forecasts with $7.7 Billion Quarterly Profit Read More »

OPEC+ Could Extend Oil Cuts, Formal Talks Yet to Start

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

Summary OPEC+ meets on June 1 Voluntary cuts of 2.2 mln bpd are in place until end-June ‘Good chance’ OPEC+ will extend, Energy Aspects says LONDON/MOSCOW, May 2 (Reuters) – OPEC and its allies have yet to begin formal talks on extending voluntary oil output cuts of 2.2 million barrels per day beyond June, but …

OPEC+ Could Extend Oil Cuts, Formal Talks Yet to Start Read More »

Superior Energy Services Announces First Quarter 2024 Results and Conference Call

Energy Topics & Technology, Latest, OFS-Oilfield Services, Press Releases / By

HOUSTON, May 01, 2024 (GLOBE NEWSWIRE) — Superior Energy Services, Inc. (the “Company”) filed its Form 10-Q for the period ended March 31, 2024. In accordance with the Company’s Shareholders Agreement, it will host a conference call with shareholders on May 6, 2024. For the first quarter of 2024, the Company reported net income from …

Superior Energy Services Announces First Quarter 2024 Results and Conference Call Read More »

Exxon to bar Pioneer CEO From its Board in Deal with FTC, WSJ Reports

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

Exxon Mobil is set to close its $60 billion deal for Pioneer Natural Resources following an agreement with antitrust enforcers to not add Pioneer CEO Scott Sheffield to its board, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. The Federal Trade Commission is set to allege as soon as Wednesday …

Exxon to bar Pioneer CEO From its Board in Deal with FTC, WSJ Reports Read More »

COMMENTARY: Overcoming Bottlenecks is a Prerequisite to Achieving the Energy Transition – Yogi Schulz

Batteries, Critical Minerals, Electric Vehicles, Energy Commentary, Energy Storage, Energy Topics & Technology, Environment, Geothermal, Hydro, Latest, Minerals, Net Zero, Renewable Energy, Solar, US News, Wind / By

Overcoming multiple bottlenecks will be essential for scaling up key technologies required to reduce GHG emissions and address the adverse consequences of climate change. The technologies that must be scaled up and reduced in cost are: Geothermal, nuclear, solar and wind electricity generation. Batteries and hydro storage to increase the effective production of intermittent electricity …

COMMENTARY: Overcoming Bottlenecks is a Prerequisite to Achieving the Energy Transition – Yogi Schulz Read More »

U.S. FTC Set to Rule on Exxon’s $60 Billion Deal for Pioneer

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

The U.S. Federal Trade Commission is set to decide whether to sue to block Exxon Mobil’s $60 billion acquisition of Pioneer Natural Resources in the coming days, Bloomberg News reported on Wednesday, citing people familiar with the matter. Exxon complied with FTC’s second request for information at the beginning of April, triggering a 30-day period …

U.S. FTC Set to Rule on Exxon’s $60 Billion Deal for Pioneer Read More »

U.S. Crude Stocks and Gasoline Inventories Rise, Distillate Inventories Fall – EIA

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

U.S. crude stocks and gasoline inventories rose while distillate inventories fell in the week ending April 26, the Energy Information Administration said on Wednesday. Crude inventories rose by 7.3 million barrels to 460.9 million barrels in the week ended April 26, the EIA said, compared with analysts’ expectations in a Reuters poll for a 1.1 …

U.S. Crude Stocks and Gasoline Inventories Rise, Distillate Inventories Fall – EIA Read More »

Canada’s Long-Delayed Trans Mountain Oil Pipeline Set to Start Operations

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

(Reuters) – After 12 years and C$34 billion ($24.7 billion), Canada’s Trans Mountain pipeline expansion project (TMX) is set to start shipping oil on Wednesday, a major milestone expected to transform access to global markets for the country’s producers. Pipeline constraints have forced Canadian oil producers to sell oil at a discount for many years, but TMX …

Canada’s Long-Delayed Trans Mountain Oil Pipeline Set to Start Operations Read More »

Subscribe
Subscribe