(Reuters) – U.S. Energy Secretary Chris Wright said on Monday that he was pleased with OPEC actions and had no specific requests of the Saudi Arabia-led oil producers group. He said he was happy OPEC was returning barrels to the marketplace and said that more energy was good for the globe. Wright, speaking to reporters …
US Energy Secretary Pleased with OPEC Actions So Far Read More »
(Reuters) – U.S. oil and gas producers are unlikely to increase spending this year and output increases will primarily come from improved efficiencies rather than new drilling, Baker Hughes Chief Executive Lorenzo Simonelli said on Monday. The outlook comes as U.S. President Donald Trump’s administration has repeatedly exhorted the industry to “Drill, baby, drill,” to …
Baker Hughes Says Oil Producers Unlikely to Increase Spending This Year Read More »
Pelican Energy Partners said it acquired United Services Group, a welding, machining and fabrication contractor that serves power generation customers, to add its expertise to the energy services industry.
Diversified Energy Co., FuelCell Energy Inc. and TESIAC will create an acquisition and development company focused on delivering reliable, cost efficient net-zero power from natural gas and captured coal mine methane.
The Canadian province of Ontario is imposing a 25% surcharge on electricity exports to New York state, Michigan and Minnesota to protest against U.S. President Donald Trump’s tariffs on Canada, Premier Doug Ford said on March 10.
Gas pureplay Expand Energy will be elevated on March 24 from its position in the S&P MidCap 400 index.
Relying on the president, whoever it is, leads to a wildly inconsistent energy policy in the U.S., Chevron CEO Mike Wirth said at CERAWeek by S&P Global.
Prices were weighed down by concerns about economic growth, in part, because of more tariffs being imposed by the Trump administration, and OPEC+ reiterating that its production cuts would start unwinding in April.
Weak crude prices have eroded the incentive to drill for more oil, but LNG is a different story. A Venture Global Inc. LNG export facility in Louisiana, with founders Mike Sabel and Bob Pender, Energy Secretary Chris Wright, Louisiana Governor Jeff Landry and Interior Secretary Doug Burgum. Photographer: Bloomberg By Kevin Crowley Welcome to our …
Trump’s Fossil Fuel Ambitions Rest on Natural Gas Read More »
By John Stepek Welcome to the award-winning Money Distilled newsletter. I’m John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money. An under-rated geopolitical revolution Here’s a point that I never tire of making. If you’re a long-suffering reader, you may …
