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OPEC sec general says underinvestment could trigger oil market volatility

DUBAI, May 22 (Reuters) – OPEC Secretary General Haitham Al Ghais said on Monday that underinvesting in the oil and gas sector could cause market volatility in the long term and imperil growth. He also said the world needs to focus on reducing green house gas emissions rather than replacing one form of energy with …

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Commentary: Climate Activists Continue Their Confusing Crusade

A recent story by BNN Bloomberg—headlined “Drop the ‘Natural’ in Natural Gas, Climate Activists Urge US Officials”—notes that an environmental advocacy group called “Gas Leaks” wants the United States Federal Trade Commission (FTC) to rename the substance we all currently know as, well, natural gas. Apparently, climate activists believe the term “natural gas” carries overly positive connotations …

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Australia wins U.S. support for critical minerals industry

MELBOURNE, May 22 (Reuters) – Australia has won the backing of the United States for development of its critical minerals industry after the two countries reached an agreement to coordinate polices and investment to support the industry’s growth. Australia supplies around half of the world’s lithium as well as other minerals like rare earths used …

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Every game-changing project starts with an idea – Kent Consulting brings that idea to life

When problems are solved with technical ingenuity and risk-based solutions, profit flows faster. But every industry-defining move must be built on a strong foundation… consultancy which reaches beyond the obvious to deliver value across the entire asset lifecycle. From idea to implementation We assess, analyse, determine and develop solutions through a structured process – from …

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Commentary: New Biden Administration Power Plant Rules Could be a Boost to Carbon Capture, But Are the Regulators Ready? – Tim Tarpley

Analysis by Energy Workforce President Tim Tarpley Last week, the Biden Administration released a sweeping new emissions rule for power generation in the United States similar in many respects to the “Clean Power Plan” that was released during the Obama Administration but never fully implemented. The plan sets stringent new emissions requirements for coal and …

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Biden, McCarthy to Meet Monday as Staff Debt-Limit Talks Resume

Debt-limit negotiators resumed discussions in Washington ahead of a meeting on Monday between President Joe Biden and House Speaker Kevin McCarthy, as time grows short to avert a US default. The Republican leader said he and the president had a “productive” call Sunday, shifting back to a more optimistic outlook on talks that have whipsawed …

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More Political Posturing – G7 Politicians Say Publicly Supported Gas Sector Investment can be “Temporarily” Appropriate

HIROSHIMA, Japan, May 19 (Reuters) – The Group of Seven rich nations believes that publicly supported investment in the gas sector can be temporarily appropriate while countries are accelerating the phasing-out of their dependency on Russia, a draft communique seen by Reuters showed. The language, if it remains in the final version of the communique …

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US drillers cut most oil rigs in a week since Sept. 2021, Baker Hughes says

May 19 (Reuters) – U.S. energy firms this week cut 11 oil rigs, the most in a week since September 2021, energy services firm Baker Hughes Co (BKR.O) said in its closely followed report on Friday. That follows last week’s cut of 17 natural gas rigs, which was the biggest drop since June 2020. The oil and gas rig …

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