(Reuters) – For the past four years, the United States protected oil refiner Citgo Petroleum from creditors seeking to seize Venezuela’s foreign crown jewel for billions of dollars in claims. But on Monday, a U.S. judge will kick off an auction expected to place the Houston-based company in the hands of rivals or investors. The …
A Tale of Setbacks as Venezuela’s Citgo Heads to U.S. Auction Read More »
We call them “forecasts,” but “predictions” may be a better word. Either way, the quality of reserves and economics output – and thus the financial plans for the whole company – depend upon the quality of the software as well as the knowledge of the interpreter. New software and training offerings can help with both. …
Welcome to PHDwin V3: Migrate From PHDwin V2 or ARIES to the New Opportunities of V3 Read More »
by Yogi Schulz With all the buzz, press and enthusiasm surrounding ChatGPT, more and more oil & gas professionals are exploring how ChatGPT and similar AI chatbots can help them improve their work and look smarter to their bosses. Large language models (LLM) enable AI chatbots to evaluate their vast amounts of raw data to …
How ChatGPT Can Advance Oil and Natural Gas Industry Work – Learn More Read More »
Energy stocks are heading for their second weekly gain and could continue to perform well as global tensions push oil prices higher. The S&P 500 energy index rose nearly 1% this week, and climbed 4.5% last week, as crude oil prices have jumped. As the Israel/Gaza war shows signs of spreading in the Middle East, traders have …
Energy Stocks Keep Rising After Middle East Tensions Widen Read More »
Summary Oil prices drop on Friday but gain over 1% for the week Hamas releases two US hostages in Gaza Earlier, Israeli minister said troops to see Gaza ‘from inside’ Global oil market already faces supply concerns BENGALURU, Oct 20 (Reuters) – Oil prices settled lower on Friday after the Islamist group Hamas released two …
Ending the Week – Oil Drops After Hamas Releases U.S. Hostages Read More »
(Reuters) – U.S. energy firms this week added oil and natural gas rigs for a second week in a row for the first time since mid September, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, rose two to …
U.S. Drillers Add Oil and Gas Rigs for Second Week in a Row Read More »
By Cody Good Courtesy of ENERGYminute See more articles and infographics from ENERGYminute HERE Africa’s Energy Mix The energy mix in Africa varies from one region or country to another due to differences in available resources and infrastructure. The top sources of electricity in Africa include: Fossil fuels (coal, oil, natural gas): Fossil fuels have historically been …
INFOGRAPHIC: Africa – The Top Sources of Electricity – ENERGYminute Read More »
Oct 19 (Reuters) – Exxon Mobil is considering joining a U.N.-led initiative that would require disclosing more details of its global methane output, two people familiar with the matter told Reuters, a decision one said was inspired by its deal for U.S. shale giant Pioneer Natural Resources. If it joins, it would mark a shift for …
Exxon in talks to join UN-led methane reporting pact Read More »
Siemens Energy AG is considering designing a new turbine to replace a system responsible for billions of euros in losses as one option to shore up its beleaguered wind energy business, people familiar with the matter said. The new equipment could be ready in about two years, the people said, declining to be named discussing …
Siemens Energy Weighs New Turbine Design After Billions Lost Read More »
Senator Joe Manchin condemned the Biden administration’s decision to lift sanctions against Venezuela’s oil and gas sector, arguing the US should instead turn to domestic crude production to fill any shortfall. The administration is looking to “one of the world’s dirtiest energy producers and an oppressor of its own people to help make up the …
Joe Manchin Slams Sanction Relief for Venezuelan Oil and Gas Read More »
