(Reuters) – Oil prices rose on Monday, recouping some of last week’s more than 7% decline on worries about demand in China, the world’s top oil importer, and easing concerns about potential supply disruptions in the Middle East. Brent crude futures were up $1.16, or 1.6%, to $74.22 a barrel at 1036 GMT. U.S. West …
Oil Prices Regain Some Ground After 7% Loss Last Week Read More »
Summary Saudi Aramco: World may still need over 100 mln bpd oil in 2050 Oil demand outlook solid despite energy transition goals Saudi Aramco: Asia needs greater say in transition policies (Reuters) – Progress in the energy transition in Asia is far slower, much less equitable and more complicated than many have expected, the head …
Saudi Aramco CEO Calls for Reset in Energy Transition Policies for Developing Nations Read More »
HOUSTON–(BUSINESS WIRE)–Global energy technology company SLB (NYSE: SLB) today announced that it has entered into a definitive agreement to sell its interests in the Palliser Block located in Alberta, Canada. The Palliser Block consists of oil and gas wells, surface facilities, a pipeline network and certain oil and gas development rights. The transaction, which is …
SLB Announces Definitive Agreement to Sell Its Interests in Palliser Block Read More »
Settlement is a legal-first for fracking under certain rules Private oil producer is run by billionaire Jeff Hildebrand Hilcorp Energy Co., the privately held oil producer run by billionaire Jeff Hildebrand, will pay a $9.4 million civil penalty for failing to reduce emissions of methane and volatile gases in New Mexico. It’s the first settlement to …
Hilcorp Fined $9.4 Million for New Mexico Methane Emissions Read More »
Crude prices have fallen even as US announces more sanctions Yellen says latest steps could be ‘prelude’ to more action A week ago, the US government imposed yet more sanctions on Iran’s oil trade. Crude prices have sagged more than $5 a barrel since. The decline was largely driven by indications that Israel is going to avoid …
Oil Prices Show How Numb Traders Have Become to U.S. Sanctions Read More »
(Reuters) – The U.S. on Friday announced nearly $2 billion in grants to protect its aging power grid against the growing threat of extreme weather fueled by climate change. BY THE NUMBERS This round of funding for the Grid Resilience and Innovation Partnerships program is for 32 projects across 42 U.S. states. About 950 miles …
US Grants Nearly $2 billion to Harden Power Grid Against Extreme Weather Read More »
U.S. energy firms this week cut the number of oil and natural gas rigs operating for the fourth time in five weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell by one to 585 in the week …
U.S. Drillers Cut Oil and Gas Rigs for Fourth Time in Five Weeks – Baker Hughes Read More »
A new pipeline carrying shale natural gas from west Texas toward export hubs on the U.S. Gulf Coast has eased constraints that crashed local prices this year, and will help pave the way for higher U.S. oil production, energy executives said. Pipeline companies largely quit adding new capacity following the pandemic, when shale production dried …
Texas Natural-Gas Pipeline Eases Bottlenecks, Paves Way for Higher Shale Output Read More »
The Port of Corpus Christi, the U.S.’ largest energy export gateway, moved a record 53 million tons in the third-quarter 2024, driven by increases in crude oil and dry bulk movements.
Phillips 66 denied allegations it engaged in information theft and is weighing its legal options. A California jury reached its decision the same day Phillips 66 announced the closure of a Los Angeles-area refinery.
