Paisie: Note to US E&Ps—Brace for OPEC+ Impact
Despite fiscal woes, the Saudis are intent on increasing supply to pressure producers.
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SLB Launches Retina, a New Solution for Downhole Imaging
SLB’s Retina imaging technology helps operators evaluate formations by providing precise measurements at first contact.
PROPWR to Provide 80 MW of Power Generation in Permian
ProPetro’s PROPWR division is set to provide power to customers in the Permian Basin.
Fire at Chevron Oil Platform Offshore Angola Injures 17
Seventeen people were injured, four seriously, when a fire broke out in the early hours of May 20 at Chevron’s deepwater Benguela Belize Lobito Tomboco (BBLT) oil platform.
COMMENTARY: How Republicans Got Roped Into a Deal That Keeps the IRA—and Why There’s Still Time to Fix It – Alex Epstein
The subsidized energy lobby used “framing” to win Republican negotiations before they even started. But it’s not too late to reframe the negotiation, starting from real IRA termination. By Alex Epstein The expectation: the Republican trifecta would terminate the vast majority of IRA subsidies When the Inflation Reduction Act (IRA) passed 3 years ago, no …
Darcy Partners Keeping Tabs with Oil, Gas’ Next Tech Startups
Darcy Partners evaluates technology that its members, particularly in the oil and gas industry, may want to put to use— from AI to a new, cool drill bits.
Ukrainian Foreign Minister Wants G7 Price Cap on Russian Oil Lowered to $30 Per Barrel
Ukrainian Foreign Minister Andriy Sybiha called on Tuesday for the Group of Seven advanced economies to reduce its price cap on Russian seaborne oil to $30 per barrel. The current G7 price cap is $60 per barrel. “The oil price cap, from our point of view, our position, (the) reasonable price cap (is) 30 dollars,” …
Ukrainian Foreign Minister Wants G7 Price Cap on Russian Oil Lowered to $30 Per Barrel Read More »
US Shale to Plateau if Oil Stays in Current Range, ConocoPhillips CEO Says
U.S. shale oil output will flatten out if prices remain where they are now and will start to decline with prices in the $50s per barrel, the CEO of ConocoPhillips said on Tuesday in the latest prediction that oil’s slump could curb U.S. supply. The comments from Conoco CEO Ryan Lance come as forecasters including …
US Shale to Plateau if Oil Stays in Current Range, ConocoPhillips CEO Says Read More »
Saudi Poised to Increase Summer Crude Burn for Power as Fuel Oil Cecomes Costly
Summary Crude prices soften as OPEC+ accelerates output hikes High-sulphur fuel oil cracks hit record highs recently SINGAPORE, May 20 (Reuters) – Saudi Arabia is expected to burn more crude oil for power generation this summer than last as it ramps up output after OPEC+ eases supply controls and as fuel oil has become costly, …
Saudi Poised to Increase Summer Crude Burn for Power as Fuel Oil Cecomes Costly Read More »
US Lifts Ban on New York Offshore Wind Project After Gas compromise
Summary Equinor resumes work on Empire Wind Had been halted by interior secretary in April Compromise on wind and suspended gas pipeline reached (Reuters) – The Trump administration has lifted a month-old stop-work order on Empire Wind, a $5 billion wind farm project off the coast of New York, in a compromise with the state …
US Lifts Ban on New York Offshore Wind Project After Gas compromise Read More »