Demand likely to remain above 100 million b/d as late as 2040 Firm sees criticism despite $5 billion annual low-carbon spend The world could still be using more than 100 million barrels a day of oil by 2040, making it vital to start preparing and adapting for a warmer climate, said TotalEnergies SE Chief Executive Officer Patrick Pouyanne. …
Hess Corp set May 28 for a special meeting of shareholders to vote on Chevron Corp ‘s $53 billion buyout offer, the company said in a securities filing on Friday. Chevron last October offered to acquire Hess Corp in a move to gain a foothold in oil-rich Guyana’s lucrative offshore fields. The deal has been stalled …
Hess Sets May 28 Shareholder Vote on Chevron Buyout Read More »
Pipeline operator Kinder Morgan said on Friday a fire that erupted on a west Texas natural gas pipeline it operates was extinguished after burning for most of the day. The Houston company declared force majeure on a segment of the pipeline in Ward County, Texas, following the fire, according to a notice filed on a …
Kinder Morgan Declares Force Majeure on West Texas Natgas Pipeline Read More »
By John Kemp (Reuters) – China’s economy has become much less energy intensive over the last 40 years as its industries have modernised and the economy has shifted towards more service sector output. But energy intensity has flatlined for the last five years making it much harder to displace coal by renewables and meet the government’s …
China’s Transition Hampered by Flat-Lining Energy Intensity Read More »
Dave Duttlinger stands next to land he leased to Dunns Bridge Solar LLC, Wheatfield, Indiana. April 5, 2024. REUTERS/Jim Vondruska (Reuters) – Dave Duttlinger’s first thought when he saw a dense band of yellowish-brown dust smearing the sky above his Indiana farm was: I warned them this would happen. About 445 acres of his fields …
As Solar Capacity Grows, Some of America’s Most Productive Farmland is at Risk Read More »
The pace at which global energy demand is growing means that alternatives cannot replace oil at the necessary scale writes OPEC Secretary General Haitham Al Ghais. Rather than calling for an end to oil, the focus should be on reducing emissions. OPEC Secretary General Haitham Al Ghais A recent report on oil demand by The …
(Reuters) – Oil prices settled higher on Friday, garnering support from tensions in the Middle East, but a strong dollar and U.S. inflation data quashed hopes that the Federal Reserve would cut interest rates soon, giving prices a ceiling. Brent crude futures settled up 49 cents, or 0.55%, to $89.50 a barrel. U.S. West Texas …
Oil Settles Higher on Supply Concerns in the Mideast, Economic Woes Subdue Gains Read More »
Bucking trend, Antero Resources posted a slight increase in natural gas production as other companies curtailed production.
NOV expects to increase its quarterly cash dividend on its common stock by 50% to $0.075 per share from $0.05 per share.
Initiative Equity Partners is taking steps to accelerate deployment of renewable energy globally, including in North America.
