Shell Plc executives are telling their renewable power business that it needs to become more profitable, not just deliver lower carbon emissions, and pull back from the less successful elements of its clean-energy strategy. That was the message from Steve Hill, executive vice president of Shell Energy, at an internal town hall for his team …
Shell Demands Profits From Green Energy Unit, Not Just CO2 Cuts Read More »
When a seam joining two segments of the Keystone oil pipeline ruptured on a frigid night last December — spewing more than 12,000 barrels of heavy crude that polluted a Kansas creek — the disaster had already been years in the making. More than a decade ago, US regulators warned that the type of weld that …
A Pipeline Pushed to the Limit Preceded Keystone’s Worst Oil Spill Read More »
HOUSTON, May 16, 2023 (GLOBE NEWSWIRE) — Epsilon Energy Ltd. (“Epsilon” or the “Company”) (NASDAQ: EPSN) today reported an investment in Ector County, Texas with material follow-on development opportunities. Epsilon is pleased to announce entering into a second drilling focused transaction in the Permian Basin. The acquired assets are a 25% working interest in 12,373 …
Epsilon Announces a Second Transaction in the Permian Basin Read More »
Should I be looking into ERPs during break-up? If you’re seeking ways to enhance operational efficiency, optimize processes, and stay ahead of the competition, YES! Enterprise Resource Planning (ERP) software is one powerful tool that can revolutionize your business operations. Among the leading providers in the market, Discovery Solutions stands out with its cutting-edge ERP …
Maximizing Break-Up: A Data-Driven Approach to Streamlined Operations Read More »
U.S. natural gas futures rose for a third straight session and hit their highest in more than two weeks on Tuesday, continuing to build on expectations of a dip in production going forward. Front-month gas futures for June delivery on the New York Mercantile Exchange were 6.9 cents higher, or 2.9%, at $2.44 per million …
The EV Impact on Oil Consumption As the world moves towards the electrification of the transportation sector, demand for oil will be replaced by demand for electricity. To highlight the EV impact on oil consumption, the above infographic shows how much oil has been and will be saved every day between 2015 and 2025 by …
How EV Adoption Will Impact Oil Consumption (2015-2025P) Read More »
HOUSTON, May 16 (Reuters) – U.S. oil refiners aim to run at up to 94% of a total 17.9 million barrels per day processing capacity this quarter, according to company forecasts and analysts, driven in part by expectations of seasonal travel demand. Strong prices and demand since late 2021 have encouraged refiners to run above …
US refiners build new oil processing as travel rises Read More »
A resurgence of wildfires across Canada’s main energy-producing province in recent days prompted some drillers to suspend portions of their production again, and officials are warning of worsening conditions in the days ahead. There were 90 active wildfires in Alberta as of Monday afternoon, with 23 considered out of control, Christie Tucker, a spokeswoman for …
Return of Fires in Canada’s Gas Region Prompts New Outages Read More »
(Reuters) – Portfolio investors are very bearish about the outlook for oil in the short term even though prices are already below their long-term average in real terms. Hedge funds and other money managers sold the equivalent of 17 million barrels in the six most important futures and options contracts over the seven days ending …
COMMENTARY: Funds Bearish on Oil Even After Price Slide Read More »
U.S. oil output from the seven biggest shale basins is due to rise in June to the highest on record, data from the Energy Information Administration showed on Monday. Oil output is set to rise by 41,000 barrels per day (bpd) to 9.33 million bpd, the EIA said. Crude output in the Permian Basin in …
U.S. Shale Production Set to Rise to Highest on Record in June Read More »
