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Summary Ukraine drone strikes start fire at Lukoil’s NORSI refinery IEA expects oil demand to grow to record high China oil purchases continue recent downturn LONDON, March 12 (Reuters) – Oil prices rose in Tuesday trade as tensions in the Middle East continued to spur concern, but gains were capped by bearish demand sentiment ahead …
Summary Series A funding round led by Prime Movers Lab Aramco Ventures, Amazon Climate Pledge Fund also backers Cash to drive technology development, field installations WASHINGTON, March 12 (Reuters) – Los Angeles-based CarbonCapture, which aims to build machines that suck carbon dioxide out of the air to fight climate change, said it had raised …
U.S.-Based CarbonCapture Raises $80 Mln from Saudi Aramco, Others Read More »
With payments technology innovating at a rapid clip, are energy companies ready to overhaul their snail-like order to cash processes? By Geoffrey Cann TL;DR Payments technology has rapidly advanced, but energy has been slow to adopt The costs of a built-in 60-to-90 day settlement delay are increasingly dear Rethink settlement end to end and not …
COMMENTARY: How to Overhaul Payments in Energy – Geoffrey Cann Read More »
U.S. natural gas futures slid about 2% to a fresh one-week low on forecasts for milder weather and lower heating demand over the next two weeks than previously expected. Another factor weighing on prices in recent weeks has been the low amount of gas flowing to liquefied natural gas (LNG) export plants due to ongoing …
US Natgas Prices Slide 2% to Fresh One-Week Low on Milder Forecasts Read More »
U.S. crude oil production lead global oil production for a sixth straight year, with a record breaking average production of 12.9 million barrels per day (bpd), the Energy Information Administration (EIA) said in a release on Monday. In December, U.S. crude oil production hit a new monthly record high of over 13.3 million bpd, the …
U.S. Leads Global Oil Production for Sixth Straight Year – EIA Read More »
Summary Contracts from Russia, other countries expiring over time Prospect of Russian gas disruption has Japan turning to allies Deals being struck in Australia, US despite political issues TOKYO, March 11 (Reuters) – Resource-scarce Japan is shoring up long-term supplies of liquefied natural gas from close allies Australia and the United States as key contracts …
Japan Boosts Reliance on Allies Australia, U.S. for Long-Term LNG Supplies Read More »
March 11 (Reuters) – Summit Carbon Solutions, which is trying to build the biggest carbon dioxide capture pipeline in the United States to transport and bury greenhouse gases, has repeatedly pledged its project will not be used by drillers to boost output from oil fields. But Summit has a different message for prospective clients, including …
U.S. Carbon Pipeline Company Pledges No Oil Recovery, but Bakken Drillers Want It 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 »
Saudi state company in discussions with a number of entities Others in the region are also betting big on the LNG sector Saudi Aramco is in talks with companies for liquefied natural gas projects in the US as it looks to the fuel for global growth at a time when rivals in the region are also expanding …
Aramco in Talks for U.S. LNG Projects as Mideast Gas Race Heats Up 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 »
