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 »
Occidental’s 1PointFive subsidiary and ADNOC to assess the feasibility of building the first megaton-scale DAC facility outside the United States HOUSTON, Oct. 03, 2023 (GLOBE NEWSWIRE) — Occidental (NYSE: OXY) today announced that its subsidiary 1PointFive and ADNOC signed an agreement to commence a jointly funded preliminary engineering study for a 1 million tonne-per-year Direct Air Capture …
General Motors Co., Ford Motor Co. and Stellantis NV face a combined $10.5 billion in fines from 2027 to 2032 under stricter proposed average fuel economy rules that target SUV and truck manufacturers, according to an estimate from their Washington-based trade group. The US National Highway Traffic Safety Administration has proposed a fleetwide average mandate, known as …
SUV Makers GM, Ford and Stellantis Face $10.5 Billion in Fines Under Stricter Fuel Rules Read More »
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U.S. natural gas futures eased about 1% on Monday on forecasts for milder weather and less demand next week than previously expected. The price decline comes despite a reduction in output, record exports to Mexico and a rise in the amount of gas flowing to U.S. liquefied natural gas (LNG) export plants even though some …
U.S. Natgas Prices Ease 1% on Mild Weather, Low Demand Read More »
My testimony to the House Committee on Small Business, Subcommittee on Rural Development, Energy, and Supply Chains on September 28, 2023. Watch my full testimony and Q&A My exchange with independent-thinking Democrat Jared Golden on President Biden’s energy agenda (this was really good!) My comments on California energy policies My comments on the UAW situation …
Major oil and gas company chiefs held discussions with heavy industry bosses on Sunday in the United Arab Emirates in an effort to agree to a firm commitment to reduce carbon emissions ahead of a United Nations climate summit next month. The COP28 summit is scheduled to take place in Dubai between Nov. 30 and …
Big Oil, Heavy Industry Discuss Emission Curbs ahead of COP28 Read More »
Summary OPEC output rises 120,000 bpd from August – survey Iranian production hits new 2018 high of 3.15 million bpd Quota-bound members undershoot implied target by 700,000 bpd LONDON, Oct 2 (Reuters) – OPEC oil output rose for a second straight month in September, a Reuters survey found on Monday, led by increases in Nigeria …
OPEC Oil Output Rises for Second Month on Nigeria, Iran Read More »
