Standard Lithium, Equinor Win $225MM DOE Grant for Lithium Project
Equinor and Standard Lithium aim to reach a final investment decision on its South West Arkansas lithium project in the Smackover Formation by year-end 2025.
BP Cuts Over 5% of Workforce to Reduce Costs
BP will cut over 5% of its global workforce as part of efforts to reduce costs and rebuild investor confidence.
BP Cuts Over 5% of Workforce to Reduce Cost
BP to cut 4,700 staff this year Another 3,000 contractor positions to be cut CEO aims to cuts at least $2 bln in costs by 2026 (Reuters) – BP will cut over 5% of its global workforce, it said on Thursday, as part of CEO Murray Auchincloss’ efforts to reduce costs and rebuild investor confidence …
PEDAL TO THE METAL: Trump Nominee for Interior Backs Full-Throttle Drilling on Federal Lands
(Reuters) – President-elect Donald Trump’s pick for secretary of the interior, Doug Burgum, will tell lawmakers during his nomination hearing on Thursday that he will vigorously pursue Trump’s goals of maximizing energy production from America’s public lands and waters, calling it key to national security. The comments signal a coming sharp turn in policy after …
Cushing Crude Storage Levels Near All-Time Lows
Near-empty tanks can cause technical and price problems with oil, an East Daley Analytics analyst says.
Bernstein Expects $5/Mcf Through 2026 in ‘Coming US Gas Super-Cycle’
Bernstein Research’s team expects U.S. gas demand will grow from some 120 Bcf/d currently to 150 Bcf/d into 2030 as new AI data centers and LNG export trains come online.
Colonial Pipeline’s Main US Gasoline Artery Likely Shut Until Friday
By Shariq Khan Colonial crews still searching for source of suspected gasoline leak in Georgia Line 1 outage duration on par with Colonial shutdown in 2021 due to cyberattack Market impact limited by high stockpiles, refinery output NEW YORK, Jan 15 (Reuters) – Colonial Pipeline’s main U.S. gasoline artery is expected to remain shut through …
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Trump to Make it Easier for LNG Export Permit Renewals, Sources Say
By Curtis Williams and Jarrett Renshaw HOUSTON, Jan 15 (Reuters) – U.S. President-elect Donald Trump plans to make it easier for some producers of liquefied natural gas (LNG) to seek export permit renewals, according to two sources with knowledge of the plan. Trump will likely include the change in an executive order on LNG that …
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California Utility Faces Billions in Claims for Fire Damage Even if it Did Nothing Wrong
By Tom Hals Victims sue Southern California Edison under unique legal doctrine Inverse condemnation allows claims without proving utility’s negligence Wildfires expected to be costliest ever in US Jan 15 (Reuters) – Victims of the Los Angeles wildfires, likely the costliest in U.S. history, are seizing upon a unique California legal doctrine that allows them …
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Oilfield Services Provider Flowco Raises $427 mln in US IPO
(Reuters) – Flowco Holdings has raised $427.2 million after pricing its U.S. initial public offering above its targeted range, the oilfield services provider said on Wednesday. Flowco priced its offering of 17.8 million shares at $24 each. The company had marketed to list its shares in the range of $21 and $23. Strong equity markets, …
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