Summary API shows large build in U.S. crude stockpiles -sources OPEC export estimates remain high -Goldman Sachs China’s exports extend declines Nov 8 (Reuters) – Oil prices remained under pressure on Wednesday after sliding to their lowest in more than three months in the previous session, slipping further on concern over waning demand in the …
Oil Sputters Near Three-Month Lows as Demand Concerns Mount Read More »
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 …
BlackRock Inc. will invest $550 million of client money into Occidental Petroleum Corp.’s Stratos project, which will be the world’s largest plant capturing carbon dioxide directly from the air. BlackRock’s diversified infrastructure business signed an agreement through one of its funds to form a joint venture with Occidental’s 1PointFive subsidiary that will own Stratos, the …
BlackRock Invests $550 Million in Occidental Carbon Capture Read More »
(Reuters) – Mexican state energy company Pemex and U.S. liquefied natural gas (LNG) company New Fortress Energy have terminated a deal to develop potentially the country’s first deepwater natural gas project that was signed a year ago, two sources with direct knowledge of the matter said. Now Pemex wants to continue with the development of the …
Mexico’s Pemex, New Fortress Energy Scrap Deepwater Gas Project Read More »
The United States is seeking to buy up to three million barrels of oil for delivery in January 2024 to replenish the country’s strategic petroleum reserve, the Department of Energy said on Monday. “This is the second solicitation for January 2024 delivery as DOE aims to purchase oil when it can purchase at a good …
U.S. seeks to buy up to 3 million barrels for oil reserve for January delivery Read More »
(Reuters) – Texans are set to vote on Tuesday on a constitutional amendment to determine whether the state will create a special fund for financing the “construction, maintenance, and modernization of its electric generating facilities.” The energy fund would be administered and used only by the Public Utility Commission of Texas to provide loans and …
Texans to Vote on Funding to Modernize Electricity Generation Read More »
By Alex Epstein At Jordan Peterson’s ARC conference I was asked to share the most important truths about our energy future. At Jordan Peterson’s ARC (Alliance for Responsible Citizenship) conference I was asked to share the most important truths about our energy future. I boiled it down to 7. Understand these and you’ll be a …
COMMENTARY: The 7 Most Important Truths About Our Energy Future – Alex Epstein Read More »
Big U.S. investors at the top five western oil firms’ shareholder meetings this year rebuffed an activist group’s resolutions to align their emission targets with the Paris climate pact, in contrast to some European peers, voting data showed. Netherlands-based activist group Follow This was created first to target Shell and subsequently expanded to file climate resolutions at …
U.S. Investors Rebuff Big Oil Climate Shareholder Resolutions Read More »
Venezuela’s state-owned PDVSA is in talks with local and foreign oilfield firms to hire equipment and services that would allow it to revive depressed output, sources close to the meetings said, after the U.S. relaxed sanctions on the country. The U.S. Treasury Department in October authorized for six months the production and export of Venezuelan …
Venezuela Taps Oilfield Firms to Boost Output after Sanction Easing Read More »
WASHINGTON (AP) — The cancellation of two large offshore wind projects in New Jersey is the latest in a series of setbacks for the nascent U.S. offshore wind industry, jeopardizing the Biden administration’s goals of powering 10 million homes from towering ocean-based turbines by 2030 and establishing a carbon-free electric grid five years later. The …
