CarbonQuest Lands $20MM Funding for Carbon Capture Projects
The new funding is aimed at helping CarbonQuest achieve the lowest cost per ton in the carbon capture industry and improve system efficiency for North American customers.
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EIA Reports Big NatGas Withdrawal, as Expected
According to the EIA’s weekly storage report, natural gas levels are 238 Bcf below the five-year average and 561 Bcf below the level from the same time last year.
Q&A: OFS Private Equity Firm Founder Patterson Talks Strategy Amid Trump, Upstream M&A
Roe Patterson sees a bright future for oil and gas and his new private equity firm, Marauder Capital, after lessons learned.
TotalEnergies Starts Biomethane Unit in Normandy
The project, called BioNorrois, utilizes beet pulp from French sugar group Cristal Union’s adjacent production site.
2025 Pinnacle Award: Christine Ehlig-Economides is a Pioneer in the Field and Classroom
University of Houston petroleum engineering professor Christine Ehlig-Economides has left an indelible mark on the industry and blazed a trail for women.
Range Secures Appalachian Takeaway to Capitalize on Higher NatGas Prices
Appalachian pure-play Range Resources expects strong demand in the second half of the decade and is taking the necessary steps to capitalize on higher natural gas prices.
Wind Turbine Maker Nordex Upbeat on Long-Term US Prospects
(Reuters) – German wind turbine maker Nordex expects continued growth in its U.S. market despite changes to the renewables landscape in the short term, its CEO said after better than expected core earnings. U.S. President Donald Trump suspended offshore leasing for wind power on his first day in office in January, hitting share prices of …
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US Crude Stockpiles Fall as Refining Picks Up, Fuel Inventories Build, EIA Says
U.S. crude oil stockpiles fell unexpectedly last week as refining activity ticked higher, while gasoline and distillate inventories posted surprise builds, the Energy Information Administration (EIA) said on Wednesday. Crude inventories fell by 2.3 million barrels to 430.2 million barrels in the week ended February 21, the EIA said, compared with analysts’ expectations in a …
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Ovintiv Reports Fourth Quarter and Year-End 2024 Financial and Operating Results
February 26, 2025 CNW 2024 Non-GAAP Free Cash Flow Up Approximately 50% Year-Over-Year Highlights: Full Year 2024 Generated cash from operating activities of $3.7 billion, Non-GAAP Cash Flow of $4.0 billion and Non-GAAP Free Cash Flow of $1.7 billion after capital expenditures of $2.3 billion Produced average total volumes of 585 thousand barrels of oil equivalent per day (“MBOE/d”), including 211 thousand …
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US Licenses and Authorizations to Venezuela’s Oil Sector
Since it first imposed sanctions on Venezuela’s energy sector in 2019, the United States has granted individual licenses to some oil companies that allow them to export the South American country’s oil to specific destinations.Washington had imposed the sanctions over reports by international observers of irregularities in elections that have repeatedly kept President Nicolas Maduro …
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