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HOUSTON, Sept 22 (Reuters) – The large crude distillation unit (CDU) was shut on Friday at TotalEnergies’  238,000 barrel-per-day (bpd) Port Arthur, Texas, refinery following an interruption of feed, said people familiar with plant operations. In addition to the 150,000-bpd ACU-1 CDU, the 60,000-bpd vacuum distillation unit-2 (VDU-2) was also taken out of production because …

TotalEnergies Port Arthur, Texas, large CDU shut, sources say Read More »

Summary Benchmarks close down for first time in four weeks US Fed officials flag further hikes US oil rig count falls to lowest since February 2022 Transneft suspends diesel deliveries to key terminals HOUSTON, Sept 22 (Reuters) – Oil prices held steady on Friday but closed the week lower on profit-taking and as markets weighed …

Oil Ends Week Lower as Demand Concerns Face Russia Supply Ban Read More »

By Pallavi Rao Article/Editing: Niccolo Conte Graphics/Design: Christina Kostandi Courtesy of Visual Capitalist – See More From Visual Capitalist HERE Charted: The World’s Biggest Oil Producers in 2022 In 2022 oil prices peaked at more than $100 per barrel, hitting an eight-year high, after a full year of turmoil in the energy markets in the wake of …

Charted: The World’s Biggest Oil Producers – Visual Capitalist Read More »

NEW ORLEANS (AP) — A federal judge has ordered the Interior Department to expand next week’s scheduled sale of of Gulf of Mexico oil and gas leases by millions of acres, rejecting a scaled-back plan announced last month by the Biden administration as part of an effort to protect an endangered whale species. As originally …

Judge blocks government plan to scale back Gulf oil lease sale to protect whale species Read More »

U.S. natural gas futures climbed about 2% on Friday on forecasts for warmer-than-normal weather in early October that will likely force power generators to burn more gas to keep air conditioners humming. Prices were also up with exports to Mexico on track to hit a record high in September and as the amount of gas …

U.S. natgas prices up 2% as warmer forecasts boost power demand Read More »

ABOUT PBIOS There is no oil and natural gas producing region in the world more dynamic than the Permian Basin. The area has been a mainstay of U.S. production since the 1920s. Every time industry experts begin to think the region has finally played out, new technology comes along, and the basin comes roaring back, …

PBIOS – Where Innovation and Technology Meet Permian Grit – October 17-19, 2023 Odessa Texas Read More »

(Reuters) – U.S. President Joe Biden’s plan to deploy 30,000 megawatts (MW) of offshore wind by 2030 is still possible, although not easy, the CEO of Orsted , the world’s largest offshore wind developer, said on Monday at the Climate Week NYC event in New York. The remarks by Orsted CEO Mads Nipper come as …

Orsted CEO Says U.S. Offshore Wind Targets Still Possible But Not Easy Read More »

Republican presidential contender Ron DeSantis pledged on Wednesday to slow America’s transition to electric vehicles, repeal regulations related to environmental, social and governance considerations and dramatically ramp up domestic fossil fuel production if he were elected. In a speech in Midland, Texas, a city in the heart of oil country, the Florida governor also said …

Republican Hopeful DeSantis Attacks EVs, Emission Goals in Energy Plan Read More »

China’s natural gas demand this year is expected to grow by 8% from 2022 to 396.4 billion cubic metres (bcm), an analyst from state-owned oil major CNOOC’s research division said at a conference on Thursday. Imports of liquefied natural gas (LNG) are expected to reach 70.79 million metric tons this year, up 10.9% from last …

China’s 2023 natural gas demand may rise 8% – CNOOC analyst Read More »

24WPC welcomed over 10,000 visitors, over 5,000 delegates and registrants from 111 countries CALGARY, Alberta, Sept. 21, 2023 (GLOBE NEWSWIRE) — The 24th World Petroleum Congress (WPC) has come to a close after five days of engaging conversations centered on the theme “Energy Transition: The Path to Net Zero”. The Organising Committee for Canada (“OCAN”) is …

WPC Energy Marks the End of a Successful 24th World Petroleum Congress in Calgary Read More »