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PetroChina Set to Shut Top North China Refinery in 2025, Sources Say

CDN and International News, Energy Topics & Technology, Latest, Refineries / By

Summary Entire 410,000-bpd plant due for shutdown around mid-2025 Half of capacity already mothballed Dalian govt pushed for refinery relocation after accidents Potential replacement in Changxing island still under evaluation SINGAPORE, Oct 28 (Reuters) – PetroChina is set to shut its largest domestic oil refinery around mid-2025, sources said, the country’s first major closure at …

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Baker Hughes Awarded Contracts to Supply Petrobras with Flexible Pipe Systems, Associated Services across Several Fields

Conventional Energy, Latest, OFS-Oilfield Services, Renewable Energy / By

Company to support projects in Brazil’s pre-salt fields, reinforcing position as a leading provider of flexible pipe for deepwater and high CO2 projects Local manufacturing boost Brazilian economy, strengthen energy supply chain HOUSTON and LONDON, Oct. 28, 2024 (GLOBE NEWSWIRE) — Baker Hughes (NASDAQ: BKR), an energy technology company, announced Monday significant contracts with Petrobras to …

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LNG Shipping Rates Tumble to Multi-Year Lows as New Vessels Come Online

Conventional Energy, Latest, LNG, US News / By

Liquefied natural gas shipping rates have hit multi-year lows and may extend losses going into 2025, analysts and shipping sources said, with new tankers being added at a faster rate than LNG production is rising and spot demand still tepid. New LNG tankers, built in anticipation of rising U.S. exports after a plunge in Russian …

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Commentary: Crude Oil’s Middle East Risk Premium Fades, Demand Woes Remain

Conventional Energy, Latest, Oil, US News / By

By Clyde Russell SYDNEY, Oct 28 (Reuters) – For those seeking an answer to the question as to what the Middle East conflict risk premium is in the price of crude oil, the 5.3% drop in Brent futures early on Monday provides some enlightenment. Global benchmark Brent contracts dropped as low as $71.99 a barrel in …

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Oil Slips More Than 4% After Iran Downplays Israeli Strikes

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

Oil prices tumbled more than $3 a barrel on Monday after Israel’s retaliatory strike on Iran over the weekend bypassed Tehran’s oil and nuclear facilities and did not disrupt energy supplies, easing geopolitical tensions in the Middle East. Both Brent and U.S. West Texas Intermediate crude futures hit their lowest levels since Oct. 1 at …

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AI Power Demand Might Actually Turn Out to Be Good for Climate

Artificial Inteligence, Energy Topics & Technology, Latest, US News / By

Companies that profit from fossil fuels claim the increase in electricity demand driven by data centers will trigger investment in clean energy — in the long run.   Big energy companies are making the case that skyrocketing electricity demand from data centers — and the need to build more power sources to meet it — will …

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Perspective: AI Power Demand Might Actually Turn Out to Be Good for Climate

Artificial Inteligence, Energy Topics & Technology, Latest, US News / By

Companies that profit from fossil fuels claim the increase in electricity demand driven by data centers will trigger investment in clean energy — in the long run.   Big energy companies are making the case that skyrocketing electricity demand from data centers — and the need to build more power sources to meet it — will …

Perspective: AI Power Demand Might Actually Turn Out to Be Good for Climate Read More »

Here Are 5 Industries With the Most at Stake in Presidential Election

Biomass, Conventional Energy, Geothermal, Hydro, Latest, LNG, Natural Gas, Nuclear, Oil, Renewable Energy, Solar, US News, Wind / By

Health care, energy also among businesses with most at stake Retailers would face major impact from tariff increases The US election on November 5 will be a clash of visions that reverberates through the global economy for years to come. Kamala Harris and Donald Trump in some cases have skirted how they will handle pivotal …

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Trump Hates Biden’s Climate Law But His Allies are Making Money From It

Carbon Capture, Energy Topics & Technology, Latest, Renewable Energy, Solar, US News, Wind / By

Summary Trump pledges rollback of Biden’s climate law as a top priority Trump allies, fundraisers benefit from the IRA’s key tax credits At least 7 allies, or the companies they run, hold investments in projects eligible for IRA subsidies WASHINGTON, Oct 25 (Reuters) – Donald Trump has promised to gut U.S. President Joe Biden’s climate subsidies if elected. But …

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