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Summary Brent forecast raised to $82.33 a barrel for 2024 WTI projection lifted to $78.09 a barrel First upward revision in 2024 price forecasts since October (Reuters) – Oil prices will gain some momentum this year as demand picks up and output curbs by the OPEC+ producer group continue to squeeze supply that is already …
Firmer Oil prices Expected as Demand Builds and Supply Curbs Persist Read More »
The outlook was robust at CERAWeek, and that may have profound implications for the energy transition. If you’re looking for a word to sum up this year’s CERAWeek by S&P Global, try this one: demand. Whether they were discussing oil, gas, power or renewables, speakers at the giant Houston talkfest were optimistic about consumption. Any …
From AI to Oil, Demand Dominates the Talk in Houston – CERAWeek Key Takeaways Read More »
Top oil executives took to the stage of a major energy conference on Monday to vocally oppose calls for a quick move away from fossil fuels, saying society would pay a steep cost to replace oil and gas. Big oil companies including BP and Equinor have written down renewable energy projects and others have been forced to …
Big Oil Executives Push Back Against Calls for Fast Energy Transition Read More »
Meeting demand and transitioning to clean energy amid geopolitical tensions will dominate conversations among industry heavyweights at CERAWeek in Houston next week. More than 7,000 people are headed to Houston this week to attend CERAWeek by S&P Global with a key question in mind: How to meet increasing demand for power amid the transition to …
CERAWeek’s Yergin on What to Expect at Big Energy Conference Read More »
EPA expected to finalize tailpipe emission limits within days Formula for calculating electric vehicle fuel use also coming The Biden administration is preparing to roll out the toughest-ever limits on pollution from the nation’s cars and light trucks after making changes likely to mollify some automakers. Emissions limits set to be finalized by the Environmental …
Companies use AI to run drill rigs and predict broken pumps Technology could slash costs and squeeze more oil from wells From a dark Houston control room, Rafael Guedes watched on a monitor as a robot took charge of a drilling rig in a North Dakota oil field, locking out the human operator. Glowing red …
AI Promises Faster Oil Drilling and Even More U.S. Crude Supply Read More »
Controversial project is due to be completed in second quarter Equitrans was spun out of EQT in 2018 after investor pressure US natural gas producer EQT Corp. agreed to buy back former unit Equitrans Midstream Corp. for about $5.5 billion in stock, the latest in a flurry of deals in the oil and gas pipeline industry. The transaction will …
EQT to Acquire Mountain Valley Pipeline Owner for $5.5 Billion Read More »
(Reuters) – EQT Corp has decided to buy back its former unit Equitrans Midstream in an all-stock deal to create an integrated natural gas provider valued at more than $35 billion, the companies said on Monday. Shares of Equitrans jumped more than 8% in premarket trading, while EQT was down about 1%. Under the terms of …
EQT, Equitrans Midstream to Merge to Create $35 Billion Firm Read More »
The US Coast Guard said Saturday no remaining sheen was observed on Pacific waters following reports of a potential oil spill south of Los Angeles near Huntington Beach. Officials on Friday responded to an oily sheen 2.5 miles (4 kilometers) long and 0.5 miles wide near the Emmy and Eva oil platforms, about 2.8 miles off Huntington …
Coast Guard Says No Sheen Left After Potential Oil Spill Near LA Read More »
Amplify, California Resources deny connection to possible leak Investigation focused on area near site of 2021 crude spill California officials are investigating a potential oil spill south of Los Angeles near Huntington Beach, close to where a serious offshore leak occurred in 2021. The US Coast Guard on Friday reported an oily sheen 2.5 miles (4 kilometers) …
California Investigates Potential Offshore Oil Spill Near Los Angeles Read More »
