U.S. natural gas futures held near a one-week high on Wednesday on a drop in daily output and forecasts for the weather to remain hotter-than-normal through early August, especially in Texas. That price increase came despite forecasts for less demand this week than previously expected and slow growth in the amount of gas flowing to …
US natgas prices hold near 1-week high on output drop, lingering heat wave Read More »
Courtesy of The Atlantic Courtesy of ENERGYminute See more articles and infographics from ENERGYminute HERE If China was the community that we all collectively watched grow up over the last couple of decades, then this chapter is titled The Kids Aren’t Alright. A story truly not getting enough airtime is what’s happening right now with the Chinese …
Iraq secured its $27 billion oil deal with France’s TotalEnergies last week by offering quicker, less risky payback through greater revenue-sharing, a model it could replicate in the future to lure investors. Foreign investment in Iraq’s energy sector has fizzled out since a flurry of post U.S.-invasion deals over a decade ago, with Exxon Mobil, Shell and BP all …
Iraq’s massive Total oil deal heralds new revenue-sharing formula Read More »
Power demand in Texas is once again setting records as extreme heat drives homes and businesses to crank up the air conditioning, and the outlook for more searing temperatures means the state’s grid will continue to be tested. Power consumption rose to all-time high of 82,698 megawatts on Tuesday afternoon, grid data compiled by Bloomberg …
Extreme Heat Drives Texas Power Demand to Another Record Read More »
(Reuters) – Global oil benchmark Brent briefly hovered above $80 on Wednesday, buoyed by China’s pledge to reinvigorate economic growth and expectations the U.S. Federal Reserve will stop raising interest rates soon. Brent futures were up 26 cents at $79.89 a barrel by 1120 GMT, while U.S. West Texas Intermediate (WTI) crude was up 9 …
Global Benchmark Brent Oil Briefly Hovers Over $80 as Inflation Worries Ease Read More »
There’s no secret that capturing voluntary methane emissions is a win-win for the oil and gas industry and the environment. Recapturing natural gas after a pipeline or facility has been isolated for depressurization helps to improve operational economics. Some technologies can keep as much as 99.99% of potential methane emissions out of the atmosphere and …
Ford on Monday announced significant price cuts for all versions of its electric F-150 Lightning pickup. The cheapest version of the Lightning will now start at about $50,000, a roughly $10,000 cut. All versions of the EV will get price cuts of at least $6,000 as Ford works to boost production this fall. Ford Motor …
Ford cuts prices on its electric F-150 Lightning pickups by as much as $10,000 Read More »
(Bloomberg) The US, the European Commission, Japan, South Korea and Australia are collaborating to limit methane emissions from liquefied natural gas supply chains as concerns mount over the climate impact from leaks of the potent greenhouse gas. Although few details were released, the partnership represents a shift for some of the world’s biggest LNG buyers …
Major LNG Buyers and Sellers Unite to Combat Methane Leaks Read More »
Katy, Texas, July 17, 2023 (GLOBE NEWSWIRE) — CW Petroleum Corp (CWPE) (the “Company”), a leading provider of Proprietary Reformulated No Ethanol Gasoline and Biofuels, today announced unaudited financial results for the second quarter ended June 30, 2023. Key Financial Highlights for Three Months Ended June 30, 2023, Compared to Prior Year Period: 2023 Revenues of ~$2.6Million vs 2022 Revenues …
CW Petroleum Corp (CWPE) Reports Revenues for Q2-2023 Read More »
U.S. shale oil and natural gas production will fall in August for the first time since December, the U.S. Energy Information Administration (EIA) said in its monthly Drilling Productivity Report on Monday. Crude output from the seven big U.S. shale basins is set to ease to 9.40 million barrels per day (bpd) in August from …
US shale oil/natgas output set to fall for first time since December Read More »
