(Reuters) – Equinor stands to lose billions of dollars on its massive wind power project offshore the state of New York unless U.S. President Donald Trump’s administration reverses a decision to halt the construction, the Norwegian group said on Wednesday. In a blow to the nascent U.S. offshore wind industry, Interior Secretary Doug Burgum said …
Equinor Says it Could Lose Billions on Trump’s Wind Power Clampdown Read More »
Louisiana LNG Gas Management LLC will purchase up to 640 Bcf of natural gas from BP following Woodside Energy’s $17.5 billion FID on the project formerly owned by Tellurian.
U.S. Interior Secretary Doug Burgum stopped work on the Empire Wind project, offshore New York, which Equinor said could lead to an impairment of the project’s $2.5 billion book value.
So far in April Brent and WTI have lost about 15% and 16% respectively for the biggest percentage falls since November 2021.
Oilfield service company Oil States aims to lower geothermal well costs with its field-proven tension-leg platform technology.
Alberta Premier Danielle Smith challenges Mark Carney to improve the relationship between Alberta and the federal government, citing frustration over policies that “overtly attacked” the province’s economy. Smith demands “meaningful action” to reset the relationship, warning that Albertans will no longer tolerate threats to their industries and resources. The Alberta government will hold a caucus …
Ukraine is ready to sign a natural resources deal with the US, which could bolster Washington’s support for Kyiv by strengthening their economic partnership. The draft agreement, which has been finalized, may be signed as soon as Wednesday and will allow the US privileged access to new investment projects to develop Ukraine’s natural resources. The …
Ukraine Ready to Sign US Resources Deal in a Matter of Hours Read More »
By Yogi Schulz AI is sweeping through most organizations. It’s out of control, like the Wild West. AI output is showing up in reports and presentations. The Apple App Store and Google Play offer many free AI apps of varying quality. Every AI software vendor provides access to their prompt website. AI output is part …
AI Topics for Your Management and Board of Directors – Part 1 – Yogi Schulz Read More »
(Reuters Breakingviews) – Elliott Investment Management has a point about BP. Paul Singer’s activist investor group wants the $76 billion oil major, which reported on Tuesday, to cut costs more aggressively. Having allowed key operating expenses to balloon $10 billion since 2019 – or 30% – BP has minimal grounds to push back. Elliott, now BP’s …
Summary Brent projected to average $68.98 per barrel in 2025 WTI to average at $65.08 per barrel in 2025 For table of crude price forecasts, click (Reuters) – A demand outlook clouded by trade disputes between the U.S. and China coupled with OPEC+’s decision to unwind supplies will weigh on oil prices this year, a …
Oil Outlook Dims on Tariff Headwinds, Potential OPEC+ Supply Boost Read More »
