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Exxon Mobil said on Wednesday big increases in oil and gas prices would lift third-quarter earnings by between $1.1 billion and $1.9 billion, compared with the second quarter. Exxon’s snapshot of operating profits, delivered in a securities filing after the market close, is another sign the energy industry’s run of high profits has continued. The largest …

Exxon Mobil’s third quarter oil profits to jump on strong prices Read More »

The biggest oil producer in the United Arab Emirates awarded contracts worth almost $17 billion to develop an offshore natural gas field along with a project to capture carbon dioxide emissions. Saipem SpA and Maire Tecnimont SpA were among companies that won deals with the Abu Dhabi National Oil Co. for work on the Ghasha …

UAE Energy Giant Awards $17 Billion Gas Expansion Contracts Read More »

The Keystone crude pipeline, a vital artery transporting Canadian oil to markets in the US and overseas, is operating at about half of its capacity Tuesday after being halted for maintenance work. line returned to service Tuesday night after being taken offline earlier in the same day, according to people with knowledge of the situation, …

Keystone Pipeline Restarts at Half Capacity of 300,000 Barrels a Day Read More »

Courtesy of Global Times Courtesy of ENERGYminute See more articles and infographics from ENERGYminute HERE Achieving net-zero goals by 2050 requires a massive and rapid expansion of the electrical power grid. Yet, from where we sit today, that looks as easy as scoring affordable tickets to the Eras Tour. Background: Transmissions lines are about as key to …

The Grid: Transition in Action – ENERGYminute Read More »

Equitrans Midstream Corp., the owner of the controversial Mountain Valley Pipeline, has agreed to new safety measures after federal regulators ordered a review of the project, arguing segments left buried underground or exposed to the elements during years of delay could pose a safety risk. Under terms of an agreement with the US Pipeline and Hazardous Materials …

Mountain Valley Pipeline Gets New Safety Measures Under U.S. Order Read More »

HOUSTON, Oct. 03, 2023 (GLOBE NEWSWIRE) — DarkPulse, Inc. (OTC: DPLS) (“DarkPulse”, “DPLS”, or “the Company”) today issued a letter to shareholders from CEO Dennis O’Leary. A Letter to Shareholders from the Founder & CEO of DarkPulse, Inc. Dear fellow shareholders, As we enter the fourth quarter and ultimately into a new year and first …

DarkPulse, Inc. Provides Letter to Shareholders from CEO Read More »

BP Plc is exploring the sale of a 49% stake in its U.S. oil and gas pipeline network in the Gulf of Mexico, hoping to raise as much as $1 billion, according to people familiar with the matter. The potential divestment would help BP meet its targets to reduce debt and maintain its dividend. While …

BP Explores $1 billion U.S. Pipelines Stake Sale Read More »

Courtesy of ENERGYminute See more articles and infographics from ENERGYminute HERE Last week, a number of high-ranking officials from both the US and Canada publicly discussed “blackouts” and “instability”. Far from harking back to college Saturday night, this was all about the power grid. What’s happening: Grid operators on both sides of the 49th publicly raised concerns over …

Grid Operators Worried About the Grid – ENERGYminute Read More »

U.S. crude oil production increased again in July and neared the pre-pandemic record, showing output has remained more resilient than expected in the face of a steep downturn in drilling. Total production of crude oil and condensates increased to 12.99 million barrels per day (bpd) in July 2023, which was not statistically different from the …

U.S. Oil Producers Reprieved by Saudi Output Cut – John Kemp Read More »

Large swathes of the global oil industry will pledge to eliminate methane emissions and gas flaring by the end of the decade, the president of the COP28 climate summit said. More than 20 oil and gas producers, from both the private and state sectors, have made the commitment alongside setting targets to reach net zero …

Oil Industry to Act on Methane and Flaring, COP28 Chief Says Read More »