Portfolio investors purchased petroleum contracts for the first time in seven weeks as traders squared up short positions ahead of a meeting of OPEC⁺ ministers to decide production policy in the second half of 2024. Hedge funds and other money managers purchased the equivalent of 21 million barrels in the six most important futures and …
U.S. Oil Futures Draw Renewed Interest from Hedge Funds: Kemp Read More »
U.S. exports of liquefied natural gas (LNG) rebounded in May as Freeport LNG, the country’s second-largest exporter of the superchilled gas, returned to full production and as more supplies flowed to Asia, preliminary data from LSEG showed. The U.S. is the world’s largest exporter of LNG and a key supplier to Europe since Russia’s invasion …
U.S. LNG Exports Rise in May as Freeport LNG Returns to Production Read More »
CALGARY, AB, June 3, 2024 /CNW/ – Enbridge Inc. (TSX: ENB) (NYSE: ENB) (“Enbridge” or the “Company”) announced today the closing of its acquisition of the Questar Gas Company (“Questar Gas”) and its related Wexpro companies (“Wexpro” and collectively with Questar Gas, “Questar”) from Dominion Energy, Inc. (“Dominion”). The Questar Gas utility will be doing business in Utah as Enbridge Gas …
Enbridge Completes Acquisition of Questar Gas Company Read More »
For 2024, Stratas Advisors says increasing supply will be more challenging unless U.S. producers start ramping up their capital expenditures and drilling programs beyond their current plans.
Regional banks are picking up market share and rallying the U.S. upstream sector.
WTI and Brent oil prices inched lower as investors weighed extended OPEC+ supply cuts.
When the transaction is fully complete, the investment will represent 20% of the outstanding fully diluted shares of Recurrent Energy on an as-converted basis, Canadian Solar said.
Claudia Sheinbaum Pardo, a physicist with a doctorate in energy engineering and of Jewish heritage, won Mexico’s presidential election on June 2 by an overwhelming margin, according to Mexico’s INE.
As part of the transaction, initially valued at $35.6 million, ProPetro will own and provide onsite sand storage and handling.
In recent years, the popularity of induction heating equipment has surged, thanks to its availability and efficiency. Induction heating can rapidly heat materials, making it ideal for High Temperature (>1400F) heat-treat cycles or removing couplings from turbines. However, when it comes to pre-heating for welding, Field Heat Treatment Technicians still prefer electrical resistance 99% of …
Why Electrical Resistance is Better Than Induction for Welding Pre-Heat? Read More »
