Francine Closes, Restricts Oil Export Ports, Shuts in 42% of GoM Oil
In addition to hampering ports and refineries, an estimated 41.74% of Gulf of Mexico oil production, or 730,472 bbl/d, has been shut in.
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HNR Increases Permian Efficiencies with Automation Rollout
Upon completion of a pilot test of the new application, the technology will be rolled out to the rest of HNR Acquisition Corp.’s field operators.
The Spirit of Fracking Comes to U.S. Lithium Mining
By Liam Denning Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column. “Fracking” is an expletive in environmental circles. Yet the spirit of shale is creeping into a business with transformational potential for …
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U.S. Locks in Steep China Tariff Hikes, Many to Start Sept. 27
Summary USTR maintains tariffs of 100% on Chinese EVs, 50% on semiconductors, 25% on batteries, steel USTR doubles tariffs on Chinese face masks, surgical gloves syringes US adds China tariff exclusions on five machinery categories White House adviser says tariffs counteract ‘unfair’ China EV cost advantage Sept 13 (Reuters) – The Biden administration on Friday …
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1PointFive’s South Texas Direct Air Capture Hub Awarded U.S. Department of Energy Funding
HOUSTON, Sept. 12, 2024 (GLOBE NEWSWIRE) — 1PointFive, a wholly owned subsidiary of Occidental, announced today that the U.S. Department of Energy’s Office of Clean Energy Demonstrations (OCED) will provide up to $500 million to support the development of the South Texas Direct Air Capture (DAC) Hub. The award is a milestone in furthering commercial-scale …
DTE Energy installs nearly 1,000 free air conditioner units to those in need across metro Detroit as summer temperatures soar
The company’s Energy Efficiency Assistance (EEA) program reaches local income-qualified customers, delivers free AC and home repair Detroit, Sept. 12, 2024 (GLOBE NEWSWIRE) — As temperatures climbed to more than 90 degrees across southeast Michigan in June, Eva Thompson stood in disbelief as she watched her new, free central air conditioning (AC) unit being installed …
Baker Hughes Launches CarbonEdge™, a Digital End-to-End Solution to Mitigate Risk, Optimize Operations and Streamline Reporting for CCUS Projects
CarbonEdge™ connects subsurface and surface data across carbon capture, utilization and storage (CCUS) infrastructure Solution draws on Baker Hughes’ technology, long-standing domain expertise across its diverse portfolio ready to serve entire CCUS value chain Wabash Valley Resources will leverage CarbonEdge for measurement, monitoring, and verification of CO2 and collaborate with Baker Hughes on the solution’s continued development …
Oil Price Rally Steers Crude Towards Weekly Gain
Summary Brent and WTI both set for weekly gains Prices supported by supply disruption from Hurricane Francine Demand fears had pushed benchmarks to multi-year lows this week Sept 13 (Reuters) – Oil prices rose about 1% on Friday, extending their rally and putting crude on course for a weekly gain on the back of output …
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As Crude Markets Turn Bearish, Will OPEC Come to the Rescue?
Despite oil futures prices sliding since August, OPEC continues to keep supplies up, to the bafflement of analysts.
Marketed: Wellbore Capital 10 Well Package Marcellus Opportunity
Wellbore Capital LLC has retained EnergyNet for the sale of a Marcellus Shale Opportunity 10 well package in Marion and Wetzel counties, West Virginia.