Oil Bosses Rip Biden Policies Even as U.S. Production Soars

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Oil, US News / By

Executives remain steadfast in their criticism even as many fossil-fuel companies thrive. The anonymous comments from shale-oil executives in the Federal Reserve Bank of Dallas’ quarterly energy survey are rarely complimentary to President Joe Biden and his policies. The remarks in last week’s edition, however, were particularly notable given the apparent state of the market. The US …

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U.S. Shale Drillers Seek to Power Oil Patch With Small Nuclear Reactors

Conventional Energy, Latest, Natural Gas, Nuclear, Oil, US News / By

Reactor company Oklo talking to drillers including Diamondback Nuclear power can reduce emissions from producing fossil fuels US oil companies including Diamondback Energy Inc. are considering small nuclear reactors to power drilling operations in Texas’s Permian Basin, a move aimed at cutting carbon emissions and ensuring reliable access to electricity. Diamondback, the largest independent producer headquartered in …

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Tesla Has Wall Street Worried About How Many Cars it Just Sold

Electric Vehicles, Energy Topics & Technology, Latest, US News / By

Bloomberg News Tesla Inc. may be headed for a gloomy milestone as waning demand for electric vehicles and elevated interest rates take a toll on sales. Analysts rapidly lowered their projections for this week’s deliveries report as the quarter came to a close. Some on Wall Street are even braced for Tesla’s first sales decline since the early …

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Deepwater Roundup 2024: Offshore Africa

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Offshore Africa, new projects are progressing, with a number of high-reserve offshore developments being planned in countries not typically known for deepwater activity, such as Phase 2 of the Baleine project on the Ivory Coast.

Support for Energy Shift Will Wane if People Can’t Afford Their Power Bills, Shell Tells Court

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Oil giant starts appeal of Dutch order for emissions cut Bloomberg News “If people can no longer pay for their energy or that energy is no longer reliable when you press the button or want to cook food and turn on the gas stove, the support of people in the country here but also in …

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OPEC+ Unlikely to Change Output Policy at April 3 Meeting

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Oil, OPEC / By

Summary OPEC+ JMMC meets on Wednesday at 1100 GMT Producers earlier agreed to extend output cuts Oil rallies to $89 a barrel, highest this year (Reuters) – An OPEC+ ministerial panel is unlikely to recommend any oil output policy changes at a meeting on Wednesday, five OPEC+ sources told Reuters, as oil prices hit their …

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Biden Administration Approves Eighth U.S. Offshore Wind Project

Latest, Renewable Energy, US News, Wind / By

WASHINGTON, April 2 (Reuters) – The U.S. Interior Department on Tuesday approved the country’s eighth commercial-scale offshore wind project, which will be built off the coast of Massachusetts, bringing online electricity to power more than 900,000 homes. WHY IT IS IMPORTANT The New England Wind Project approval brings the U.S. one-third of the way to …

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Canada’s Indigenous Peoples Eye Big Energy Deals, Await Trudeau Loan Promise

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Canada’s First Nations are eyeing their biggest opportunities yet to invest in multi-billion-dollar energy projects from pipelines to power lines, hinging on Prime Minister Justin Trudeau keeping a promise this spring to make the deals easier to finance. Trudeau’s government will release its budget April 16 and has said it will include plans to guarantee …

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Road Oil Demand to Peak by 2032 as EVs Become More Popular, Goldman Forecasts

Conventional Energy, Latest, Oil, US News / By

Global road oil demand will rise 5% to a peak of 50 million barrels per day by 2032, Goldman Sachs forecasts, with oil use per vehicle likely to fall sharply because electric vehicles are expected to account for more than half of auto sales by 2040. The investment bank sees global road oil demand edging …

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