(Reuters) – OPEC on Tuesday stuck to its forecast for relatively strong growth in global oil demand in 2024, despite lower than expected use in the first quarter, saying travel and tourism would support consumption in the second half of the year. The Organization of the Petroleum Exporting Countries, in a monthly report, said world …
OPEC Sticks to 2024 Oil Demand Growth Forecast, but Trims Q1 View Read More »
‘This is the first time Canada will enter the global marketplace as a global player, so it is an incredibly important change for the industry’ By Mario Toneguzzi With the recent completions of the Trans Mountain expansion and Coastal GasLink pipelines, and the looming completion of LNG Canada within the next year, there are few major …
Encino Energy’s first-quarter wells took the top five spots in Ohio as the company’s liquids output accounted for more than half of the state’s 7.23 MMbbl first-quarter total.
By Paul Carsten LONDON, June 11 (Reuters) – Oil prices were largely steady on Tuesday, as investors waited for U.S. and China inflation data and the outcome of the Federal Reserve’s policy meeting to see how changing prices could hit demand. Brent crude futures fell 14 cents, or 0.2%, to $81.49 per barrel by 1121 GMT, …
Oil Steady as Investors Hold for Fed Meet, Inflation Data Read More »
U.S. natural gas pipeline venture Mountain Valley asked federal regulators on Monday to authorize its Virginia pipeline project to be in service by June 11.The company said in a filing with the Federal Energy Regulatory Commission (FERC) that the final segments of the project were being purged and packed with natural gas. Mountain Valley added …
Mountain Valley Seeks Authorization for Virginia Natgas Pipe Read More »
Kinder Morgan subsidiary SFPP LP is soliciting commitments to support a proposed expansion of the refined products pipeline system that runs from El Paso, Texas, to Tucson, Arizona.
The transaction to acquire Trailstone, expected to be completed in third quarter 2024, will strengthen Engelhart’s position in the energy transition, the company said in its announcement.
Analysts with Norway’s Equinor argue that increased levels of geopolitical conflict and outright wars “have made the energy transition more fragmented,” despite U.S. LNG creating an energy security blanket for Europe and elsewhere.
Here’s a roundup of the latest E&P headlines, including a decline in global drilling activity and new contract awards.
Private equity investment firm KKR & Co. Inc. is among energy-related firms joining the S&P 500 as their market capitalization grows.
