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Enservco Announces Agreement to Acquire Accretive Energy Logistics Business to Diversify the Company

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

Addition of Buckshot Trucking to Provide New Logistics Service Offerings Through Growing and Historically Profitable Business Acquisition to Generate Increased Operational and Financial Flexibility with Year-Round Business Not Dependent on Weather Buckshot’s Founders and Team to Remain in Place to Support Integration and Drive Further Growth in Overall Business LONGMONT, Colo., March 20, 2024 (GLOBE …

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EQT CEO Warns Lack of Gas Storage Will Trigger Price Gyrations

Conventional Energy, Energy Topics & Technology, Latest, Natural Gas, US News / By

Toby Rice says prices could eventually swing as high as $8 ‘This is the world we live in unless we get serious,’ he said The chief of the largest US producer of natural gas has warned that a lack of pipelines and storage facilities will trigger dramatic price swings in the years ahead, causing them …

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Freeport LNG to Increase Production by 10% Following Repairs

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

Debottlenecking maintenance underway through early May Additional capacity to be marketed directly by Texas producer Freeport LNG will increase its production of liquefied natural gas following repairs that are due to be concluded in early May, the company’s chief executive officer said in an interview. Maintenance will increase the Texas facility’s capacity to 16.5 million metric …

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Exxon Mobil Eyes 2 Million Bpd of Output in the Permian by 2027

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

Exxon Mobil will bring its Permian basin output up to 2 million barrels per day by 2027, while it also ramps up production in Guyana, Vice President of Global Exploration John Ardill said on Tuesday at a conference in Houston. Exxon has grown its position in the Permian significantly since 2017, when it acquired some …

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U.S. Oil Output to Exceed 14 Million bpd and Then Plateau, Says Conoco chief

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

U.S. oil production will grow to exceed 14 million barrels per day and then plateau, ConocoPhillips CEO Ryan Lance forecast on Tuesday. Output in the top U.S. shale field, the Permian basin of West Texas and New Mexico, will rise between 300,000 bpd and 400,000 bpd this year, he said in remarks at the CERAWeek energy energy …

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BP Oil Refinery in Indiana Resumes Normal Operations Weeks after Power Outage, Temporary Shutdown

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

WHITING, Ind. (AP) — BP’s sprawling oil refinery in northwest Indiana has resumed normal operations more than six weeks after a power outage prompted the energy giant to temporarily shut down the complex and evacuate workers. BP spokesperson Christina Audisho said Tuesday that “the Whiting Refinery is back to normal operations” at the site along …

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Enbridge Aims to Expand Gray Oak Oil Pipeline Capacity by 120,000 bpd

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

Energy pipeline operation Enbridge plans to expand capacity on its Gray Oak oil pipeline by 80,000 barrels per day (bpd) this year, an executive told Reuters on Tuesday. An additional 40,000 bpd expansion could come online in 2025 after the company decides on its capital expenditure plans, said Colin Gruending, an executive vice president at Calgary-based …

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Biden Drops Mileage Score for Electric Cars in Bid to Spur Sales

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

Calculation scores fuel efficiency of electric vehicles Requirements attempt to balance automakers, environmentalists The Biden administration is setting a new estimate of the fuel efficiency of electric vehicles that’s meant to better reflect the real world and is likely to further drive sales of emission-free cars. The so-called petroleum equivalency factor established in a final …

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Chevron Surprised When Exxon Filed for Arbitration Over Guyana – CEO

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

HOUSTON, March 19 (Reuters) – Chevron  was surprised when Exxon Mobil  filed for arbitration over Chevron’s plans to buy Hess’s  Guyana oilfield stake, Chevron CEO Michael Wirth said on Tuesday. The dispute threatens to derail Chevron’s $53 billion takeover of Hess. The 30% stake in the prolific Exxon-operated Stabroek oilfield in Guyana is Hess’s most valuable asset. Exxon says …

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Exxon CEO Says Hydrogen Project at Risk Without IRA Tax Credits

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

Texas plant would make hydrogen from gas and capture carbon Woods calls on Biden administration to back IRA ‘principles’ Exxon Mobil Corp. won’t move forward with one of the world’s largest, low-carbon hydrogen projects if the Biden administration withholds tax incentives for natural gas-fed facilities, Chief Executive Officer Darren Woods said during an interview. Under the current guidelines, …

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