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Cryptominer MARA Taps U.S. Shale Patch Power Generation in New Pilot Program

(Reuters) – MARA Holdings Inc., the world’s largest publicly traded bitcoin miner, has begun producing power in the U.S. shale patch as part of a pilot program to fuel 25 megawatts of its mining operations with excess natural gas, the company told Reuters on Tuesday. The move comes as intensifying competition for electricity between Big …

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Investor Returns Keep Aethon IPO-ready

Haynesville producer Aethon Energy is focused on investor returns– additional bolt-on acquisitions and mainly staying “IPO ready,” the company’s Senior Vice President of Finance said Oct. 3 at Hart Energy’s Energy Capital Conference (ECC) in Dallas.

Baker Hughes Lands Largest Integrated Compressor Line Order in Company’s History

Baker Hughes Integrated Compressor Line (ICL) technology to enhance gas swing storage capacity as part of the United Arab Emirates decarbonization strategy Scope includes 10 ICL units to be installed at Margham Gas storage facility in the Emirate of Dubai HOUSTON and LONDON, Oct. 08, 2024 (GLOBE NEWSWIRE) — Baker Hughes (NASDAQ: BKR), an energy …

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The Oil Market’s Bumper Volatility Won’t Go Away Anytime Soon

A week is a long time in the oil market. When traders hit their desks last Monday, Brent crude was trading closer to $70 a barrel. Their concerns largely centered on shaky supply-and-demand balances next year and additional OPEC+ barrels in the coming months. But events in the Middle East have since sent prices into overdrive near …

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