BP Plc.’s US president David Lawler is leaving the British oil giant, becoming the second top executive to quit this month after Chief Executive Officer Bernard Looney abruptly resigned. Lawler, who had been with BP for nine years, “has notified us of his intent to pursue new career opportunities outside of BP,” according to a …
Another BP Executive Departs With U.S. Head Resigning Read More »
(Reuters) – Gas flows to Cheniere Energy’s Corpus Christi, Texas, liquefied natural gas export plant on Friday were reduced for a fifth consecutive day, according to data provider LSEG. Cheniere is the largest U.S. producer and exporter of LNG, but since Monday feedgas intake at its Texas facility has averaged below 1.6 billion cubic feet …
Cheniere Energy’s Gas intake at Texas LNG Plant Down for Fifth Day Read More »
Sept 29 (Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row, reducing the rig count for a third consecutive quarter, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an …
US drillers cut oil and gas rigs for third quarter in a row -Baker Hughes Read More »
By Aaron Foyer Courtesy of ENERGYminute See more articles and infographics from ENERGYminute HERE Energy growth in developed and developing nations since 2000 has followed distinct trajectories due to differences in economic development, energy infrastructure, policies, and population growth. OECD Nations Steady or declining energy consumption: Most developed nations have experienced relatively stable or declining energy …
INFOGRAPHIC: Global Energy Growth: OECD v. Developing Nations – ENERGYminute Read More »
(Reuters) – Oil prices steadied on Thursday as investors weighed supply concerns against growing expectations that key Western economies will maintain high interest rates to tackle stubborn inflation. By 1111 GMT, Brent crude futures were down 37 cents to $96.18 a barrel after rising to their highest level since last November earlier in the session. …
Tight Supply, Inflation Concerns Keep Oil Investors on Fence Read More »
Hawaiian Electric Co.’s chief executive officer told Congress Thursday that the deadly Lahaina wildfire wasn’t the company’s fault, adding that it may take 12 to 18 months to understand the cause.During a hearing before House lawmakers, Shelee Kimura testified the company wasn’t to blame for the blaze that killed at least 97 people last month. Although an …
Deadly Maui Fire Not Hawaiian Utility’s Fault, CEO Testifies Read More »
U.S. natural gas futures edged up about 1% to a nine-week high on Thursday on forecasts for more demand this week than previously expected. That increase came ahead of a federal storage report expected to show a near-normal build last week and forecasts for milder weather and less demand next week than previously expected. Analysts …
U.S. Natgas Prices Edge Up 1% Ahead of Weekly Storage Report Read More »
MOSCOW, Sept 28 (Reuters) – Russian Energy Minister Nikolai Shulginov said on Thursday that the ban on fuel exports will not be lifted soon and will remain in place until the domestic market stabilises, TASS news agency reported. Shulginov also said that some additional measures could be taken in order to tackle the fuel shortages, …
Russia’s Fuel Export Ban Will Not be Lifted Soon, TASS Reports Read More »
The US shale patch appears to be far from getting a handle on its record oil-field costs, according to the latest energy report by the Federal Reserve Bank of Dallas. Most oil executives surveyed by the bank now expect drilling and fracking expenses to climb next year, the Dallas Fed said Wednesday. At the same time, 84% …
U.S. Shale Executives Are Bracing for Record Costs to Get Worse Read More »
(Reuters) – Solar stocks have been some of the hardest hit equities in U.S. markets this year, with several major solar firms nursing stock price losses of more than 50% and a major solar-based exchange-traded fund (ETF) down roughly 30%. High interest rates that caused financing costs for panel installations to surge and enduring supply …
Beaten Down U.S. Solar Sector May be Primed for a Rebound Read More »
