Balticconnector Gas Pipeline Will be in Commercial Use Again April 22, Gasgrid Says
The Balticconnector subsea gas link between Estonia and Finland was damaged in October along with three telecoms cables.
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Energy Systems Group, PacificWest Solutions to Merge
Energy Systems Group and PacificWest Solutions are expanding their infrastructure and energy services offerings with the merger of the two companies.
US Geothermal Sector Gears Up for Commercial Liftoff
Experts from the U.S. Department of Energy discuss geothermal energy’s potential following the release of the liftoff report.
Weatherford Releases 2023 Digital Annual Update
HOUSTON, April 16, 2024 (GLOBE NEWSWIRE) — Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) announced the release of its 2023 Annual Update, highlighting outstanding results for the year. The digital update showcases new technology developments, recent strategic acquisitions, and the Company’s unwavering focus on creating long-term value for customers and investors, paving the …
What the March Higher in Oil Means for World Markets
(Reuters) – Oil prices are up around 16% so far this year near $90 a barrel, with supply worries high given escalating Middle East tensions and tit-for-tat attacks on energy infrastructure between Ukraine and Russia. Investors are paying attention. After all, it was an energy price surge two years ago that helped drive inflation and …
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Chevron Arm Launches $500 Million Fund to Invest in Low Carbon Technologies
(Reuters) – Chevron’s venture capital arm launched on Tuesday its third fund to invest in renewable energy technologies with a $500 million commitment, as oil majors look to diversify their business in the face of pressure to reduce their emissions. Like the previous two funds, the Future Energy Fund III will focus on innovations in industrial …
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Abu Dhabi’s TAQA Confirms Naturgy Shareholder Talks as it Eyes Full Takeover
(Reuters) – Abu Dhabi’s TAQA is in discussions with the three largest shareholders of Spanish energy firm Naturgy, it said on Wednesday, with a view to a possible full takeover bid for the company. Criteria, the main shareholder in lender Caixabank owns a 26.7% stake in Naturgy, which has a current overall market value of 22 billion …
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Oil Dips as Demand Worries Outweigh Middle East Supply Risks
Summary Fed’s Powell: need higher interest rates for longer U.S. stocks seen up 1.4 million barrels – poll Market unwinding war premium, says analyst (Reuters) – Oil prices slipped for a third straight session on Wednesday as likely higher U.S. commercial inventories weighed, while weaker economic data from China and dimmed prospects of interest rate …
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Report: Freeport LNG Hits Sixth Day of Dwindling Gas Consumption
With Freeport LNG operating at a fraction of its full capacity, natural gas futures have fallen following a short rally the week before.
Canada to Give Indigenous Groups Loan Guarantees for Resource Projects
Canada will provide up to C$5 billion ($3.6 billion U.S.) in loan guarantees to help Indigenous groups invest in natural resource projects, the Liberal government said in its annual budget on Tuesday. The program could give the groups major investment opportunities, from the government-owned Trans Mountain oil pipeline to TC Energy’s Coastal GasLink pipeline, power lines …
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