May 9 (Reuters) – U.S. refiner Valero Energy Corp (VLO.N) said on Tuesday CEO Joseph Gorder would step down from the role on June 30 and named Chief Operating Officer Lane Riggs as his successor. Gorder has led Valero as CEO since May 1, 2014 and served as chairman of the board since Dec. 31, 2014. Gorder …
Valero Energy CEO Joseph Gorder to step down, insider Riggs to succeed Read More »
Wildfires burning across the Canadian province of Alberta have prompted the evacuation of almost 30,000 residents and the shutdown of oil and natural gas wells and pipeline systems.A total of 109 blazes were burning as of late Sunday, 30 of which were classified as out of control, and a provincial state of emergency has been …
Wildfires in Canada Force Evacuations, Cut Oil and Gas Output Read More »
LAUNCESTON, Australia, April 18 (Reuters) – There is an increasing disconnect between the forecasts for strong global oil demand growth this year, led by Asia, and the reality of weakening margins for refined fuels. The profit from turning a barrel of Dubai crude into refined products at a typical Singapore refinery dropped to $2.53 a …
Column: Asia’s collapsing refinery margins undermine bullish crude case Read More »
Mainspring Energy’s device is a new way to create clean electricity, and it can run on hydrogen. (Bloomberg) Two generators thrumming in a cramped Silicon Valley parking lot represent a clean power technology so new that most potential customers don’t know it exists. For Adam Simpson and his startup, Mainspring Energy Inc., that’s both a …
New Generator Technology Can Produce Clean Energy Read More »
The Pentagon is sounding alarms over Biden administration plans to advance offshore wind projects along the central Atlantic US coast, warning that almost all of the new terrain eyed for development conflicts with military operations. Maps shared with industry stakeholders and seen by Bloomberg News show vast red areas that the Navy and Air Force have deemed “highly problematic,” …
Pentagon Sounds Alarm Over Biden Plan for Offshore Wind Sites Read More »
U.S. natural gas futures jumped about 9% to a three-week high on Monday on forecasts for cooler weather and more heating demand over the next two weeks than previously expected. Prices were also rising as the amount of gas flowing to U.S. liquefied natural gas (LNG) export plants remained on track to hit a record …
U.S. Natgas Jumps 9% to 3-Wk High on Cooler Forecasts, Record LNG Feedgas Read More »
The meeting of Group of Seven energy and environment ministers ended Sunday without a deadline to halt new coal investments or the kinds of firm commitments that climate advocates have said are necessary to limit global warming. In its official communique, the Group of Seven ministers pledged to work toward cleaning emissions from power generation …
Fossil Fuels Find a Loophole in the Latest G-7 Climate Pledge Read More »
Managed Pressure Drilling (MPD) is a drilling technique used in the oil and gas industry to better control the pressure profile in the wellbore during drilling operations. MPD is used when conventional drilling techniques cannot be used because of narrow margins between pore pressure and fracture pressure or when drilling through challenging formations, such as …
What is Managed Pressure Drilling (MPD)? Check out Beyond Energy’s MPD packages! Read More »
SAPPORO, Japan, April 15 (Reuters) – The Group of Seven rich nations have agreed to call for reducing gas consumption and increasing electricity from renewable sources while phasing out fossil-fuels faster and building no new coal-fired plants, France’s energy transition minister said on Saturday. G7 environment and energy ministers, however, could not agree on a …
G7 ministers agree to cut gas consumption and speed-up renewable energy Read More »
OPEC+ production cuts are likely to drive up oil prices and inflict more pain on consumers already squeezed by high inflation, the International Energy Agency said. Global oil markets — already on track for a supply deficit before Saudi Arabia and its partners unveiled the surprise curbs — will tighten more than previously expected, forcing …
OPEC+ Cuts Intensify the ‘Siege’ on Oil Consumers, IEA Warns Read More »
