Comet Ridge Awarded New Block in Australia’s Mahalo Gas Hub
Comet Ridge is expanding in the Bowen Basin’s Mahalo Gas Hub with an award to operate an additional gas block in the area.
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ONEOK Closes $280MM Deal for NGL Pipelines East of Houston
ONEOK Inc. plans to attach the network to its Mont Belvieu, Texas, facilities.
What’s Affecting Oil Prices This Week? (June 17, 2024)
For the upcoming week, Stratas Advisors expect that the price of Brent crude will test $84 and the price of WTI will test $80.
OPINION: Vermont is Learning the Hard Way That Renewables Don’t Replicate O&G
A new presentation from the Legislative Finance Committee reported a revenue of $15.2 billion from the extractive industry to New Mexico in fiscal year 2023. Land income generated $8.6 billion, while taxes generated $6.6 billion. By George Sharpe Vermont just passed a law intended to “fine” oil and gas companies for the damages caused by …
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US Shale Leaders Set Pricing for Tamboran Resources’ IPO
Tamboran Resources’ appraisal wells indicate the Beetaloo Basin target formation is similar to the Marcellus Shale in its geophysical properties.
Xodus Creates Offshore Renewables Engineering Arm
The new Evolv Energies entity will focus on concept technology, pre-FEED, FEED and detailed design stages of offshore renewable energy projects.
China Continues to Lift Crude Oil Stockpiling Amid Weak Refinery Runs
By Clyde Russell (Reuters) – The world’s biggest crude importer has had a soft start to the year. China added more than 1 million barrels per day (bpd) of crude oil to stockpiles in May as soft imports were outweighed by even weaker refinery processing volumes. A total of 1.08 million bpd was added to China’s …
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Japan Could be Energy-Independent by 2060 Thanks to Renewables, Rystad Energy CEO Says
(Reuters) – Japan, a major coal and liquefied natural gas (LNG) buyer, could be energy-independent by 2060 thanks to expansion of solar and wind power together with storage batteries, said Jarand Rystad, chief executive of the Rystad Energy consultancy. Japan imports most of its energy resources, with the Middle East, Australia and the United States …
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More Than 800 Coal Plants Worldwide Could be Profitably Decommissioned, Research Group Says
(Reuters) – More than 800 coal-fired power plants in emerging countries could be decommissioned and profitably replaced by cleaner solar energy starting from the end of the decade, research on Monday showed. Though only a tenth of existing coal plants are scheduled to shut down by 2030, more could close if efforts are made to …
Oil Steady as Downbeat Chinese Data Offset Demand Hopes
Summary China’s factory output disappoints U.S. consumer sentiment fell to seven-month low in June Oil’s gain last week not fully convincing, PVM analyst says Reuters – Oil was steady on Monday after Chinese economic data underscoring a bumpy recovery for the world’s biggest crude importer offset hopes for a boost to demand from the summer …
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