Air Products Exits 3 US Projects, Expects Up to $3.1B Charge
Air Products’ three U.S. exits include a sustainable aviation fuel expansion project in California, a hydrogen production facility in New York and a carbon monoxide project in Texas.
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Bank of America predicts Brent crude to average $75/bbl in 2025
(Reuters) – Bank of America expects Brent crude to average $75 per barrel in 2025 and $73 in 2026, citing low global oil inventories, balanced supply and demand, and about 5 million barrels per day of OPEC spare production capacity. The Organization of the Petroleum Exporting Countries and its allies including Russia, a group known …
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Innovex, SLB OneSubsea Reach Supply Agreement for Wellhead Systems
SLB Onesubsea will supply Innovex subsea wellhead systems, building on the companies’ long-standing partnership.
Segrist: American LNG Unaffected by Cut-Off of Russian Gas Supply
The last gas pipeline connecting Russia to Western Europe has shut down, but don’t expect a follow-on effect for U.S. LNG demand.
Analyst: Microsoft May Be Mitigating Oversupply by Ending Data Center Leases
Microsoft, the tech giant and primary benefactor of OpenAI, refuted oversupply claims to say its strategy remains the same.
Energy Vault Begins Construction of Battery Storage Project in Australia
Energy Vault says it will use a special inverter which enables advanced grid support functionalities for the project.
COMMENTARY: Responsible, Environment Focused Oil and Gas Development Practices Will Never be Enough for the Environmentally Sanctimonious
By Jim Warren Greenpeace and the UK environmental group Uplift won a court case in Scotland last month after claiming two new offshore oil projects were unlawfully approved. The ruling blocks Equinor and Shell, from developing the Rosebank field 80 miles west of the Shetland Islands in the Atlantic and the Jackdaw field in the …
Brookfield Makes $1.7 Billion Renewables Bet on Increasing AI, Data Power Needs
Announces deal to buy National Grid’s U.S. onshore renewables business including solar parks and onshore wind farms By Rachel Morison and William Mathis Brookfield Asset Management Ltd. agreed to spend US$1.7 billion in a deal to expand its U.S. onshore renewables business as the company bets there will be increasing demand for electricity from data …
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Trump’s Energy Czar Has Plan to ‘Map, Baby, Map’ US Oil Bounty
Burgum suggests stronger USGS role to analyze the potential Says US public lands hold natural resources worth trillions Doug Burgum speaks during the Conservative Political Action Conference (CPAC) in National Harbor, Maryland, on Feb. 22.Photographer: Kent Nishimura/Bloomberg By Jennifer A Dlouhy Interior Secretary Doug Burgum touted a plan for mapping deposits of oil, gas and …
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Gas, Power and LNG Trading Profits to Eclipse Oil, McKinsey Says
By Archie Hunter Gas, power and LNG are set to eclipse oil as the biggest driver of commodity trading profits, according to research from McKinsey & Co Inc. “In the last two years they’ve been almost parallel and we definitely see stronger fundamental growth prospects on the power, gas and LNG side going forward,” said …
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