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TC Energy Shareholders Vote to Spin off North American Oil Pipeline Business

Energy Topics & Technology, Latest, Pipelines, US News / By

TC Energy shareholders voted in favour of spinning off the Canadian company’s liquids pipeline business on Tuesday, creating a new energy infrastructure firm known as South Bow Corp whose assets include the Keystone oil pipeline. The spin-off will help Calgary-based TC lower its high debt load and focus on moving natural gas. South Bow’s assets …

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OPEC+ Switches Strategy to Defend Market Share: Kemp

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Oil, OPEC / By

Oil futures prices have fallen to the lowest level for four months and calendar spreads have slumped after OPEC+ ministers signalled their intention to start increasing production from the fourth quarter of 2024. Front-month Brent futures closed at $78 per barrel on June 3, the first day of trading following the OPEC+ ministerial meeting on …

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Chevron Australia Confirms Full LNG Production Has Resumed at Gorgon Gas Facility

CDN and International News, Conventional Energy, Latest, LNG / By

Chevron has resumed full liquefied natural gas (LNG) production at its Gorgon Gas facility in Australia after a temporary outage on June 3, a spokesperson said on Tuesday. “The outage was caused by a minor fault that was safely resolved and production has resumed,” the spokesperson said. This temporary outage came after one of the …

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The Cart Before the Horse: Countries’ Plans Not Yet Aligned With Tripling Renewables Capacity Goal

CDN and International News, Latest, Renewable Energy, Solar, Wind / By

(Reuters) – Countries’ climate plans are not yet in line with a goal to triple renewable energy capacity worldwide by 2030 which was set at the COP28 climate summit in Dubai last year, a report by the International Energy Agency (IEA) said on Tuesday. WHY IT’S IMPORTANT The target would involve increasing installed renewable energy …

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Occidental and BHE Renewables Form Joint Venture to Commercialize TerraLithium Extraction Technology

Latest, Press Releases / By

HOUSTON , June 04, 2024 (GLOBE NEWSWIRE) — Occidental (NYSE: OXY) and BHE Renewables, a wholly owned subsidiary of Berkshire Hathaway Energy, today announced they formed a joint venture for the demonstration and deployment of TerraLithium’s Direct Lithium Extraction (DLE) and associated technologies to extract and commercially produce high-purity lithium compounds from geothermal brine. TerraLithium, …

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COMMENTARY: Why Government Should Leave Oil and Gas Mergers Alone – Alex Epstein

Energy Commentary, Energy Topics & Technology, Latest, Mergers and Acquisitions, US News / By

O&G mergers are good for America because they increase domestic production, which makes oil cheaper and increases our national security. Government should get out of the way immediately. By Alex Epstein Myth: Oil and gas mergers are bad for America because they make oil more expensive. Truth: Oil and gas mergers are good for America …

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