LONDON, May 30 (Reuters) – OPEC and its allies, including Russia, meet in Vienna on June 4 to decide on their output policy. The group, known as OPEC+, agreed on April 2 to increase crude oil production cuts to 3.66 million barrels per day (bpd) or 3.7% of global demand, after several members pledged unilateral …
Lund, Sweden. Axis Communications, a leader in network video, announces AXIS P1468-XLE Explosion-Protected Bullet Camera, the world’s first explosion-protected camera specifically designed for Zone and Division 2 hazardous locations. The camera is designed for Zone 2, 22 and Class I/II/III Division 2 according to international standards (ATEX, IECEx, NEC). Axis Communications launches world’s first explosion-protected …
U.S. natural gas futures dropped about 4% on Tuesday on record U.S. output and forecasts for milder U.S. weather and lower demand over the next two weeks than previously expected. U.S. energy company Equitrans Midstream Corp’s long-delayed $6.6 billion Mountain Valley gas pipe from West Virginia to Virginia could win federal approval as part of …
U.S. Natgas Futures Drop 4% on Record U.S. output, Lower Demand Forecast Read More »
HAMBURG, May 26 (Reuters) – Siemens Energy (ENR1n.DE) is considering setting up production in the United States to help modernise the country’s power grid, keen for a slice of what is expected to be a multitrillion-dollar market following the Inflation Reduction Act (IRA). The deliberations are part of a broader rethink at the German power conglomerate …
Siemens Energy plans U.S. power grids push to tap into IRA boost Read More »
The mother of all cases is finally here By Geoffrey Cann I’ve been waiting a long time for this moment. As far back as 2004, I explored the possibility of deploying cellular phones within an oil refining complex. The idea of persistent and safe communications with supervisors and lead hands by phone or text message …
Apple iPhones Now Permitted on Oil and Gas Sites – Geoffrey Cann Read More »
Ventbuster Instruments has gained a comprehensive understanding of emission characteristics through extensive testing on surface casing vents, leaking wells, and various hydrocarbon vents in Western Canada and the United States. This knowledge is crucial as the energy industry strives to achieve “net-zero” emissions by 2050. With their technology, the Ventbuster® providing continuous and unrestricted point-source …
Can Precise Emission Quantification Aid Industry in Achieving Net-Zero Emissions? Read More »
ConocoPhillips exercised its right to acquire TotalEnergies SE’s 50% stake in the Surmont oil-sands field for as much as $3.33 billion, giving it full control of the Canadian operation and thwarting efforts by Suncor Energy Inc. to buy into the site. The purchase includes a $3 billion price tag and as much as $325 million …
Conoco to Buy Full Control of Canadian Oil-Sands Site for $3 Billion, Thwarting Suncor Read More »
PARIS, May 26 (Reuters) – TotalEnergies shareholders rejected an activist resolution on Friday urging faster cuts to the oil major’s greenhouse gas emissions programme after police intervened to stop climate protesters disrupting its annual general meeting. The resolution, filed by climate group Follow This and 17 institutional investors with a total 1.1 trillion euros under …
The U.S. oil and gas rig count fell by 44 this month, the biggest drop in three years, after energy firms this week cut rigs for a fourth week in a row, energy services firm Baker Hughes Co said in its closely followed report on Friday. The oil and gas rig count, an early indicator …
U.S. Oil & Gas Rigs Fall in May by Most in a Month Since 2020 Read More »
May 26, 2023 Business Wire HOUSTON – ConocoPhillips (NYSE: COP) today announced that it is exercising its preemption right to purchase the remaining 50% interest in Surmont from TotalEnergies EP Canada Ltd. for approximately $3 billion (CAD$4 billion), subject to customary adjustments, as well as contingent payments of up to approximately $325 million (CAD$440 million). ConocoPhillips currently holds a 50% …
