Global oil inventories are expected to fall by 200,000 bpd in the second half of 2023 due to voluntary output cuts from Saudi Arabia and reduced production among OPEC+ countries, the U.S. Energy Information Administration said on Wednesday. The lower inventories, which are forecast to keep global oil supply below consumption, are likely to boost …
Courtesy of Greenesa Courtesy of ENERGYminute See more articles and infographics from ENERGYminute HERE In a tale as old as time, governments have been providing subsidies to support businesses and provide a boost to certain industries. In a tale as old as last summer, green energy subsidies kicked into high gear after the release of the US Inflation …
The State of Clean Energy Subsidies – ENERGYminute Read More »
(Reuters) – U.S. energy major Exxon Mobil said it would acquire Pioneer Natural Resources in a deal valued at $59.5 billion to more than double the company’s presence in the Permian Basin, the largest shale play in the U.S. Once completed, it would be Exxon’s biggest acquisition since its $81 billion deal for Mobil in 1998. …
Biggest Oil and Gas Sector Deals Since Start of the Century Read More »
Pablo Vegas, the chief executive officer of the Electric Reliability Council of Texas, said he’s doing everything possible to ward off the threat of blackouts this winter as power consumption grows faster in Texas than anywhere else in the US. The Lone Star State’s grid, which is designed to rely on market forces to ensure …
Texas Power Grid Boss Sees Tight Winter Supply as Demand Grows Read More »
(Reuters) – Suniva, the U.S. solar manufacturer that successfully fought for tariffs on cheap panels made overseas, will restart its Georgia cell factory next year thanks to incentives in President Joe Biden’s landmark climate law, the company’s president said in an interview. The company is the latest to commit to new U.S. solar production capacity …
U.S. Solar Company Suniva to Restart Idled Factory thanks to Biden Climate Law Read More »
Also Appoints New Interim CFO to Support Company Growth Midland, Oct. 10, 2023 (GLOBE NEWSWIRE) — Natural Gas Services Group, Inc. (NYSE:NGS) (the “Company” or “NGS”), a leading provider of gas compression equipment, technology and services to the energy industry, announced today that it has appointed industry veteran Brian L. Tucker to the position of …
U.S. natural gas futures edged up about 1% on Tuesday to a fresh eight-month high on rising exports and higher global gas prices. That price increase came despite forecasts for milder weather and less heating demand over the next two weeks than previously expected. Front-month gas futures for November delivery on the New York Mercantile …
U.S. Natgas Prices Edge up to Fresh 8-Month High on Rising Exports Read More »
Saudi Arabia’s Crown Prince Mohammed bin Salman had a vision for the Middle East that placed shared economic benefits at its heart — including an historic alliance with Israel. Even a potential solution over a Palestinian state didn’t seem beyond the realms of possibility — a longstanding sticking point between the two countries. “Good negotiations” …
Hamas Attack on Israel Deals Blow to Saudi Prince’s Grand Vision Read More »
By: Superior Glove, leading safety glove innovator Every year, millions of workers get injured on the job, and a significant number of reported occupational injuries are hand related. The good news is that hand injuries are the number one preventable industrial accident across all industries. So, if hand injuries are so preventable, why are they …
The nuclear industry needs more financial support from governments to boost output as private markets have underestimated the long-term value of emissions-free atomic power, international officials said. The International Atomic Energy Agency convened a quadrennial conference in Vienna on Monday, where industry executives and regulators are assessing what needs to be done for nuclear energy to play …
Nuclear Industry Needs More State Money, Officials Warn Read More »
