NewMed says firms still interested in the deal despite pause Suspension due to uncertainty in the external environment Bloomberg News BP Plc and the United Arab Emirates’ state oil firm suspended a $2 billion bid to buy a major stake in Israel’s NewMed Energy as the war in Gaza upends politics across the region. The suspension …
BP, Adnoc Suspend $2 Billion Israel Gas Deal as War Rages Read More »
By Clyde Russell (Reuters) – Lower spot prices for liquefied natural gas (LNG) in Asia have yet to drive a significant boost in demand for the super-chilled fuel, although there is an increase in appetite from price-sensitive buyers such as India and China. Asia’s imports of LNG are estimated at 22.59 million metric tons for March …
Softer Spot LNG prices See Gemand Gain, Contrast With Contract Pain Read More »
(Reuters) – Methane emissions from the energy sector remained near a record high in 2023 despite a raft of commitments from the oil and gas industry to plug leaking infrastructure, a report by the International Energy Agency said on Wednesday. However, the agency said it was optimistic new satellites could help improve monitoring and transparency around leaks …
Methane Emissions from Energy Sector Near Record High in 2023, IEA Says Read More »
Summary API data shows drop in U.S. oil and fuel stocks, sources say Russian refineries attacked by Ukraine; Rosneft plant damaged OPEC remains upbeat on oil demand growth U.S. rate cut hopes have not been derailed by inflation data (Reuters) – Oil rose on Wednesday, supported by potential supply disruption after Ukrainian attacks on Russian …
Oil Rises on Russian Refinery Attacks, Signs of Strong Demand Read More »
(Reuters) – Oil producer group OPEC said on Wednesday it was encouraged by a commentary from the International Energy Agency (IEA) which underscores the importance of oil security, while the two remain far apart on the demand outlook. “While the world’s dependence on oil is lessening, it remains deep-rooted, so supply disruptions can still cause …
OPEC Says IEA Commentary on Oil Security Encouraging Read More »
We’d all like to abandon all the dried up wells. But it is expensive and time consuming. And many wells have been orphaned. And so they sit, often creating atmospheric chaos. But most of us don’t realize how easy and inexpensive it would be to securely suspend leaking rod wells to stop the flow of …
Well Suspension Tools: Abandoned Wells – Leaking Stuffing Boxes Read More »
TPH&Co. analysis shows the Permian Basin will lose rigs near term, but as activity in gassy plays ticks up later this year, the Permian may be headed towards muted activity into 2025.
Sticks to 2024 oil demand growth forecast of 2.25 mbpd OPEC Feb output rises 203,000 bpd despite new OPEC+ cuts IEA to publish updated forecasts on Thursday OPEC, IEA at most divided on oil demand since at least 2008 LONDON, March 12 (Reuters) – OPEC on Tuesday stuck to its forecast for relatively strong growth …
OPEC Sticks to Oil Demand View, Nudges Up Economic Growth Read More »
Reuters (Reuters) – Nord Stream is seeking more than 400 million euros ($436 million) from its insurers over explosions in 2022 which ruptured pipelines designed to transport Russian gas to Germany, court filings show. Nord Stream AG names Lloyd’s Insurance Company and Arch Insurance (EU) DAC as defendants in its lawsuit, which was filed at London’s High …
Nord Stream Sues Insurers in London Over 2022 Pipeline Blasts Read More »
Shell will publish an updated plan for emissions on Thursday CEO Sawan is focused on boosting returns for shareholders Shell initiated its plan to become a net-zero company in 2020 under previous CEO Ben van Beurden. Shell Plc has been considering slowing the pace of its carbon-emissions cuts as it updates its energy-transition strategy, according to …
Shell Considers Slowing Its Carbon Emissions Cuts Read More »
