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Consensus is growing that natural gas will continue to fill a key role in a secure global energy future, and producers are continuing to strive for better environmental performance and greater transparency on impacts. In recent years, this has translated into a growing movement to certify natural gas as “responsibly produced” using a number of …
Natural Gas – A Foundational Fuel in a Secure Global Energy Future Read More »
By Scott Disavino Jan 19 (Reuters) – U.S. energy firms this week added oil and natural gas rigs for the first time in three weeks, energy services firm Baker Hughes (BKR.O), opens new tab said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, rose …
US Drillers Add Oil and Gas Rigs for First Time in Three Weeks – Baker Hughes Read More »
By Aaron Foyer Courtesy of ENERGYminute See more articles and infographics from ENERGYminute HERE Energy used in industry is a significant aspect of global energy consumption, encompassing a diverse range of activities, each with its own energy requirements. Here’s an overview: Types of Energy Used Industrial energy consumption involves various types of energy sources. The most …
INFOGRAPHIC: Industrial Energy Use by State/Province – ENERGYminute Read More »
The Iran-backed Houthi militia launched two anti-ship ballistic missiles at a U.S.-owned tanker ship late on Thursday that hit the water near the vessel but caused no injuries or damage, the U.S. military said. The incident, the latest amid growing tensions in the Red Sea that have disrupted global trade and raised fears of supply …
U.S. Says Houthis Launched Missiles at Tanker Ship but No Damage Caused Read More »
Elections in big economies such as the US, Mexico and Indonesia, and the global climate summit being held once again in a petrostate has business leaders unsure if the energy transition will accelerate this year. Bloomberg Expectations of more extreme-weather events, alongside the possibility of Donald Trump’s election as US president, set the tone for …
Davos Elite See Trump Among Hurdles for Green Growth in 2024 Read More »
Market participants appear to be putting greater faith in the IEA than they do in OPEC. Analysts from groups representing oil producers and consumers have radically different views of this year’s market. But OPEC doesn’t seem to believe its own experts. Oil demand will increase almost as fast this year as it did in 2023 …
Who’s Right on Oil Demand Growth Forecasts for 2024? Read More »
(Reuters) – The Biden administration faces mounting pressure over whether to approve a massive new Louisiana LNG export project, with environmentalists saying the facility would undermine U.S. climate goals and business interests arguing it is essential for global energy security. The Federal Energy Regulatory Commission, a panel of three regulators, is expected to vote in …
Biden Administration Taking Heat From All Sides Over Louisiana LNG Project Read More »
(Reuters) – SLB beat analysts’ estimates for quarterly profit on Friday and said it expects strong growth in its international business this year as resilient offshore and overseas drilling activity boosted demand for its oilfield services and equipment. Schlumberger has banked on international growth, primarily from the Middle East, Europe and Africa, in recent years as …
SLB Beats on Fourth-Quarter Profit on Strong International Demand Read More »
Summary Oil benchmarks head for weekly gain IEA lifts demand growth forecast, sees well supplied market North Dakota oil output down 40% due to cold weather LONDON, Jan 19 (Reuters) – Oil was little changed on Friday and heading for a weekly gain, as Middle East tensions and oil output disruptions caused by cold weather …
Oil Heads for Weekly Gain as Middle East Tensions Support Read More »
(Reuters) – U.S. crude oil stockpiles fell more than expected last week on strong demand from refineries, while gasoline and distillate inventories rose to multi-year highs, the Energy Information Administration (EIA) said on Thursday. Crude inventories fell by 2.5 million barrels to 429.9 million barrels in the week ended Jan. 12, the EIA said, compared …
U.S. Crude Stockpiles Fall More than Expected on Strong Refiner Demand – EIA Read More »
