1PointFive Taps Enterprise Products for CO2 Pipeline Network
The network will carry captured carbon from the Houston Ship Channel to a southeast Texas sequestration hub.
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One California City Wants to Get Rid of Gas
Residents of liberal Berkeley will get to vote on a second attempt to curb use of the fuel in buildings. When residents of Berkeley, California, vote in next week’s presidential election, they’ll also get a say on a renewed attempt to clamp down on polluting fossil fuels. On the ballot is “Measure GG,” an initiative …
PetroChina Set to Shut Top North China Refinery in 2025, Sources Say
Summary Entire 410,000-bpd plant due for shutdown around mid-2025 Half of capacity already mothballed Dalian govt pushed for refinery relocation after accidents Potential replacement in Changxing island still under evaluation SINGAPORE, Oct 28 (Reuters) – PetroChina is set to shut its largest domestic oil refinery around mid-2025, sources said, the country’s first major closure at …
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Baker Hughes Awarded Contracts to Supply Petrobras with Flexible Pipe Systems, Associated Services across Several Fields
Company to support projects in Brazil’s pre-salt fields, reinforcing position as a leading provider of flexible pipe for deepwater and high CO2 projects Local manufacturing boost Brazilian economy, strengthen energy supply chain HOUSTON and LONDON, Oct. 28, 2024 (GLOBE NEWSWIRE) — Baker Hughes (NASDAQ: BKR), an energy technology company, announced Monday significant contracts with Petrobras to …
LNG Shipping Rates Tumble to Multi-Year Lows as New Vessels Come Online
Liquefied natural gas shipping rates have hit multi-year lows and may extend losses going into 2025, analysts and shipping sources said, with new tankers being added at a faster rate than LNG production is rising and spot demand still tepid. New LNG tankers, built in anticipation of rising U.S. exports after a plunge in Russian …
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Commentary: Crude Oil’s Middle East Risk Premium Fades, Demand Woes Remain
By Clyde Russell SYDNEY, Oct 28 (Reuters) – For those seeking an answer to the question as to what the Middle East conflict risk premium is in the price of crude oil, the 5.3% drop in Brent futures early on Monday provides some enlightenment. Global benchmark Brent contracts dropped as low as $71.99 a barrel in …
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Oil Slips More Than 4% After Iran Downplays Israeli Strikes
Oil prices tumbled more than $3 a barrel on Monday after Israel’s retaliatory strike on Iran over the weekend bypassed Tehran’s oil and nuclear facilities and did not disrupt energy supplies, easing geopolitical tensions in the Middle East. Both Brent and U.S. West Texas Intermediate crude futures hit their lowest levels since Oct. 1 at …
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‘A Renewed Look’: Central Basin Platform’s Old Rock Gains New Interest
As majors prune their portfolios to sell non-core assets, M&A activity is heating up on the Permian’s Central Basin Platform and Northwest Shelf—and Ring Energy hopes to be a buyer.
AI Power Demand Might Actually Turn Out to Be Good for Climate
Companies that profit from fossil fuels claim the increase in electricity demand driven by data centers will trigger investment in clean energy — in the long run. Big energy companies are making the case that skyrocketing electricity demand from data centers — and the need to build more power sources to meet it — will …
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Perspective: AI Power Demand Might Actually Turn Out to Be Good for Climate
Companies that profit from fossil fuels claim the increase in electricity demand driven by data centers will trigger investment in clean energy — in the long run. Big energy companies are making the case that skyrocketing electricity demand from data centers — and the need to build more power sources to meet it — will …
Perspective: AI Power Demand Might Actually Turn Out to Be Good for Climate Read More »