Pemex GoM Oil Platform Blaze Leaves One Dead, 13 Injured
A Coter contract worker died from a fire that broke out at Pemex’s Akal-B platform this weekend that also left several others in serious condition, the company said.
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What’s Affecting Oil Prices This Week? (April 8, 2024)
Stratas Advisors says geopolitics are providing a boost for oil prices as conflicts escalate–and while crude oil and oil products continue to flow, the possibility of disruption is increasing.
TotalEnergies Acquires Eagle Ford Interest, Ups Texas NatGas Production
TotalEnergies’ 20% interest in the Eagle Ford’s Dorado Field will increase its natural gas production in Texas by 50 MMcf/d in 2024.
OKEA Fast-tracking North Sea’s Brasse Tie-back to Brage
OKEA expects first production in 2027 and has signed contracts with Aker Solutions, Subsea7 and OneSubsea.
Diamondback May go Nuclear to Power Permian Basin Ops
Oklo Inc., a California fission power plant developer, on April 8 said it signed a letter of intent to collaborate with Diamondback Energy on implementation of nuclear energy for drilling operations in the Permian Basin.
Exclusive: Dan Romito Urges Methane Mitigation Game Plan
Dan Romito, the consulting partner at Pickering Energy Partners, says evading mitigation responsibility is “naive” as methane detection technology and regulation are focusing on oil and gas companies, in this Hart Energy Exclusive interview.
Taking Stock of Clean Electricity Progress in Key Markets
View of a hybrid power park with solar panels and wind turbines in Sabugal, Portugal, January 12, 2023. REUTERS/Pedro Nunes/File Photo By Gavin Maguire LITTLETON, Colorado, April 8 (Reuters) – The energy transition away from fossil fuels towards cleaner sources of power and electricity is advancing on every continent, but at an uneven pace due to …
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Raymond James Expects Global Oil, Gas Upstream Capex Spending to Rise 3% in 2024
Brokerage Raymond James says its global industry survey of upstream oil companies shows an uptick of 3% in capex spending in 2024, plateauing after 2023. ** Says global spending in 2024 would mark a fourth consecutive increase, albeit the slowest one – there is, however, a cumulative drop of 33% from the peak level of …
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Exxon on Track With UK Refinery Expansion Just as Others Shut Capacity
The bulk of new diesel supply stemming from a $1 billion expansion at the UK’s largest oil refinery operated by Exxon Mobil Corp. will be available in the first quarter of 2025. A new production facility at the Fawley refinery on the south coast of England will initially be geared to production of diesel, helping …
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A Gates-Backed Startup Is Making Fuel From Water and Carbon Dioxide
Infinium counts Bill Gates as an investor and has fuel buyers that include Amazon and American Airlines. Now, the company is trying to scale up. The economy of Corpus Christi, Texas, is largely built on fossil fuels. A stone’s throw away from major oil and gas fields, the port city is home to dozens of …
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