Black & Veatch to Build Two Battery Storage Projects in UK
Serving as the projects’ owner’s engineer and technical advisor, Black & Veatch will review and provide technical advice, construction monitoring, schedule tracking.
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OPEC Takes Long-Term View of Global Oil Markets, Aims for Stability
(Reuters) – Decisions made by oil producer group OPEC take a long-term view of the global markets and are aimed at providing price stability, Secretary General Haitham Al Ghais said at the India Energy Week conference on Tuesday. The comments came after U.S. President Donald Trump repeatedly called on the producer group to increase oil …
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Texas Industry Urges EPA to Allow State to Approve Carbon Storage Projects
(Reuters) – Texas oil, gas and industrial groups on Tuesday asked the new EPA administrator to speed up Texas’ request to approve carbon capture and storage projects instead of the federal government, to help boost private investment and unleash capture technology. The six groups, including the Texas Oil and Gas Association and the Texas Association …
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BP Pledges Strategy Reset as Annual Profit Falls by a Third
By Arunima Kumar BP’s annual profit drops to $8.9 bln Elliott’s stake raises pressure for board and strategy changes Q4 profit fell 61%, weakest since 2020 Lower refining margins hit Q4; weak margins expected ahead Feb 11 (Reuters) – BP (BP.L), opens new tab CEO Murray Auchincloss pledged on Tuesday to fundamentally reset the company’s …
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FERC Gives Venture Global OK to Start Next LNG Block
Venture Global LNG continues to ramp up operations at its newest LNG export terminal.
Momentum AI’s Neural Networks Find the Signal in All That Drilling Noise
Oklahoma-based Momentum AI says its model helps drillers avoid fracture-driven interactions.
Activist Elliott Builds Over $2.5 Billion Stake in Phillips 66, WSJ Reports
Activist Elliott Investment Management has built an over $2.5 billion stake in U.S. oil refiner Phillips 66 and plans to push for operational changes to boost its stock price, the Wall Street Journal reported on Monday. Elliott plans to push Phillips 66 to sell or spin off its big midstream business as it plans to …
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Asian Buyers Look to Step Up US LNG Imports to Fend Off Trump Tariffs
At least six Asian economies have expressed interest in buying liquefied natural gas (LNG) to narrow their trade deficit with the United States and fend off tariffs, while others look to expand and diversify supplies. Companies in the U.S., the world’s largest exporter of LNG, are pushing ahead with projects for new or expanded export …
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New U.S. Metals Tariffs to Drive up Oilfield equipment Costs, ChampionX Exec Says
ChampionX expects new U.S. import tariffs on steel and aluminium to drive up equipment costs for oilfield service firms, a company official said on Tuesday. U.S. President Donald Trump raised tariffs on steel and aluminium imports on Monday to a flat 25% “without exceptions or exemptions” in a move he hopes will aid the struggling …
New U.S. Metals Tariffs to Drive up Oilfield equipment Costs, ChampionX Exec Says Read More »
Oil Climbs on Supply Worries, Trump Tariffs Check Gains
Summary • Brent, WTI up 0.7% after near 2% rise in prior session • Trump imposes 25% import tariffs on steel, aluminium • Fed to wait until next quarter before rate cut, per Reuters poll LONDON, Feb 11 (Reuters) – Oil prices extended gains on Tuesday amid concerns over Russian and Iranian oil supply and …
Oil Climbs on Supply Worries, Trump Tariffs Check Gains Read More »