Oilfield service companies that cater to U.S. shale oil and gas producers are turning sour on fourth quarter demand, with clients keeping a tight grip on their wallets after largely exhausting their 2023 budgets. Many U.S. oil producers are pumping only enough oil to keep production flat and turning over more profit to investors. Shale …
U.S. Oilfield Firms Offer Dour Views as Shale Budgets Dwindle Read More »
(Reuters) – Oil prices rose on Friday but are set to fall for a third week amid signs of slowing demand and as market attention turns to a key meeting of OPEC and its allies this month which will determine the group’s next move on production. Brent crude futures for January were up 84 cents, …
Oil Set for Third Weekly Decline as Demand Worries Weigh Read More »
By Marcus Lu | Article/Editing: Bruno Venditti Courtesy of Visual Capitalist – See More From Visual Capitalist HERE Visualizing All The World’s Carbon Emissions By Country The greenhouse effect, essential for sustaining Earth’s life-friendly temperatures, has been intensified by burning fossil fuels. This amplification of the natural greenhouse effect has led to significant alterations to the …
INFOGRAPHIC: Visualizing All the World’s Carbon Emissions by Country – Visual Capitalist Read More »
NuScale Power Corp., the first company with US approval for a small nuclear reactor design, is canceling plans to build a power plant for a Utah provider as costs surge. The move is a major setback to the burgeoning technology that has been heralded as the next era for atomic energy. The company and Utah …
First U.S. Small Nuke Project Canceled After Costs Surge 53% Read More »
UNITED NATIONS (AP) — Nuclear energy must be part of the equation to tackle climate change, the U.N. nuclear chief said Wednesday. Climate-warming hydrocarbons still supply more than 80% of the world’s energy, even after the trillions of dollars spent in the green transition of the past 20 years, Rafael Grossi, director general of the …
California has led American states in its efforts to restrict expansion of the upstream oil and gas industry, but, on the other hand, industry has successfully countered almost every move by policymakers. So why has oil production turned down? Regardless of cause, is industry ready for the last phase of life? What will happen to …
Summary Brent nearly $20 a barrel lower than September peak Both Brent and WTI benchmarks hit lowest since July on Wednesday OPEC to discuss 2024 output policy later this month LONDON, Nov 9 (Reuters) – The Brent crude oil benchmark hovered around $80 a barrel on Thursday, with demand concerns and a waning war-risk premium …
Oil Hovers around $76 WTI After This Week’s Downward Spiral Read More »
Brookfield Asset Management Ltd.’s A$19.4 billion ($12.4 billion) contested takeover offer for Origin Energy Ltd. won more advisory firm support ahead of a key vote on the deal. The A$9.53 per share proposal by Brookfield and partners including EIG Global Energy Partners “offers investors certainty of value at a level that is within a reasonable …
Brookfield’s $12 Billion Origin Takeover Wins More Proxy Support Read More »
U.S. energy regulators on Tuesday urged lawmakers to fill a regulatory blind spot to maintain reliable supply of natural gas during extreme cold weather that was highlighted by an inquiry into power outages during Winter Storm Elliott in December 2022. A report on the joint inquiry by the Federal Energy Regulatory Commission (FERC) and the …
Regulators call for natural gas supply protections after 2022 winter power outages Read More »
(Reuters) – Pipeline operator TC Energy (TRP.TO) on Wednesday beat third-quarter profit estimates, as it gained from higher demand for liquefied natural gas (LNG). Gas supply to seven big U.S. LNG export plants jumped in the quarter as buyers looked for alternatives to Russian gas imports and to fill Europe’s storage inventories. TC Energy’s U.S. …
TC Energy beats third-quarter profit estimates on high LNG demand Read More »
