By Blake Ericson & Elizabeth McGurk In today’s energy landscape, methane emissions reduction has become a defining challenge. Driven by rising expectations from regulators, investors, and global markets, energy operators are under pressure to provide concrete and credible data—not just estimates. According to the International Energy Agency (IEA), methane emissions from fossil fuel operations are …
Prime Minister Mark Carney sat down with oil and gas executives in Calgary Sunday to discuss partnerships and to get their input for his plans to make Canada an energy superpower. Carney, in his first visit to Calgary since being sworn in as prime minister, held a closed door roundtable with more than two dozen …
(Reuters) – Oil prices rebounded more than $1 a barrel in early Asian trade on Monday after OPEC+ decided to increase output in July by the same amount as it did in each of the prior two months, in line with market expectation. Brent crude futures climbed $1.06, or 1.69%, to $63.84 a barrel by …
Oil Rebounds After OPEC+ Sticks to Same Output Hike in July vs June Read More »
Summary Eight OPEC+ members met online OPEC+ cites steady economic outlook, healthy market fundamentals (Reuters) – OPEC+ agreed on Saturday to hike July oil output by 411,000 barrels per day (bpd), the same as in May and June, as the group of oil-producing countries continues to bring back supply more rapidly than earlier planned. Eight …
OPEC+ Agrees to Further Accelerated Oil Output Hike for July Read More »
Summary Brent and WTI down over 1% this week OPEC+ could discuss bigger July output rise at Saturday meeting Trade uncertainty continues after US appeals court decision (Reuters) – U.S. crude futures fell on Friday as traders expected OPEC+ would decide on Saturday to boost oil output for July beyond previous forecasts. Brent crude futures …
PwC data show the share of energy companies on track for Scope 1 and Scope 2 targets fell to 52% in 2024 from 57% in 2023. Scope 3 saw an even bigger fall, going from 67% to 52%.
The canceled awards, largely for CCS and decarbonization initiatives, include a $332 million award to Exxon Mobil Corp.
Powder River Basin E&Ps are turning to 3-mile laterals and untapped zones to improve the play’s economics. But with oil prices at $60/bbl and superior returns elsewhere, Wyoming must keep fighting for relevancy.
Northwind Midstream Partners continues to expand its sour-gas operations in southeastern New Mexico.
In a win for the energy industry, the Supreme Court justices narrowed the scope of environmental reviews in a case involving the Uinta rail project.
