The latest IEA’s Monthly Oil Statistics report including October 2024 data shows that for Total OECD: Total OECD production of crude oil, NGL and refinery feedstocks increased by 2.1% in October 2024 compared to October 2023. Refinery gross output of total products increased by 1.4% on a year-on-year basis. Net deliveries of total products increased …
The latest IEA’s Monthly Gas Statistics report including October 2024 data shows that for Total OECD: Production of natural gas decreased by 1.0% compared to October 2023. Imports (entries)1 of natural gas remained stable (0.0%) compared to October 2023, and total OECD exports (exits)1 decreased by 0.7% in the same period. Gross consumption of natural …
Oil shipping rates extended their rally on expectations of a tightening in global tanker supply from wider U.S. sanctions on Russia’s fleet and traders’ demand for ships to load Middle East oil for Asia, industry sources said on Wednesday. On Tuesday, Shell booked three Very Large Crude Carriers, capable of carrying up to 2 million barrels of …
Tanker Rates Extend Rally on Sanctions, Demand to Load Mideast Oil, Products Read More »
A judge has dismissed New York City’s lawsuit alleging that Exxon Mobil, BP and Shell were liable for misleading the public about their products, and their commitment to renewable energy and fighting climate change. In a decision on Tuesday, state Supreme Court Justice Anar Patel in Manhattan rejected the city’s argument that the oil companies should …
(Reuters) – OPEC forecast on Wednesday world oil demand in 2026 will rise at a similar rate to this year, while reducing its figure for 2024 for a sixth time, following economic weakness in China, the world’s biggest importer of oil. The 2026 forecast is in line with the Organization of the Petroleum Exporting Countries’ …
In First Look at 2026, OPEC Predicts Ongoing Oil Demand Growth Read More »
Amplify Energy Corp. is combining with certain Juniper Capital portfolio companies in a merger agreement that adds 287,000 acres in the DJ and Powder River basins.
Shale Slope Erosion Nestled in the foothills of the Canadian Rockies, a coal mining community in British Columbia was dealing with an abundance of shale slopes that had formulated over time. One soft shale slope was degrading due to geomorphic processes, causing scour and erosion to the hillside. This slope is located above a mechanically …
Combat Soft Shale Slope Erosion with the GEOWEB® Slope Protection System Read More »
Screw WHAT mess? …the disorganized mess of paper folders, data files, surveys, printed spreadsheets, drawings, pictures, meeting notes, lists of dates, and whatever else makes its way into the stack of documents needed for energy project land assessment, acquisition, and contract management. Trying to find the right information strains your resources, slows projects down, and …
Energy Developers and Operators: Screw This Mess! Read More »
(Reuters) – Democratic lawmakers on the U.S. Senate Energy Committee called Tuesday on the panel’s Republican chairman to postpone the confirmation hearing for President-elect Donald Trump’s pick to lead the Department of Energy, citing a paperwork delay. The hearing for Chris Wright is scheduled for Wednesday. Wright plans to step down as CEO and chairman …
Senate Democrats Urge Republican to Delay Hearing for Trump’s Energy Secretary Pick Read More »
(Reuters) – Colonial Pipeline, the largest U.S. fuel pipeline operator, said on Tuesday that the main artery moving gasoline from the U.S. Gulf Coast to the East Coast has been shut since Monday night due to a potential spill in Paulding County, Georgia. Line 1 was temporarily shut as operator Colonial Pipeline responds to a …
Colonial Pipeline Shuts Main Gasoline Artery After Potential Gasoline Spill Read More »
