Qnergy Tackles Methane Venting Emissions
Pneumatic controllers, powered by natural gas, account for a large part of the oil and gas industry’s methane emissions. Compressed air can change that, experts say.
BP, Adnoc Suspend $2 Billion Israel Gas Deal as War Rages
NewMed says firms still interested in the deal despite pause Suspension due to uncertainty in the external environment Bloomberg News BP Plc and the United Arab Emirates’ state oil firm suspended a $2 billion bid to buy a major stake in Israel’s NewMed Energy as the war in Gaza upends politics across the region. The suspension …
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Softer Spot LNG prices See Gemand Gain, Contrast With Contract Pain
By Clyde Russell (Reuters) – Lower spot prices for liquefied natural gas (LNG) in Asia have yet to drive a significant boost in demand for the super-chilled fuel, although there is an increase in appetite from price-sensitive buyers such as India and China. Asia’s imports of LNG are estimated at 22.59 million metric tons for March …
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Methane Emissions from Energy Sector Near Record High in 2023, IEA Says
(Reuters) – Methane emissions from the energy sector remained near a record high in 2023 despite a raft of commitments from the oil and gas industry to plug leaking infrastructure, a report by the International Energy Agency said on Wednesday. However, the agency said it was optimistic new satellites could help improve monitoring and transparency around leaks …
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Oil Rises on Russian Refinery Attacks, Signs of Strong Demand
Summary API data shows drop in U.S. oil and fuel stocks, sources say Russian refineries attacked by Ukraine; Rosneft plant damaged OPEC remains upbeat on oil demand growth U.S. rate cut hopes have not been derailed by inflation data (Reuters) – Oil rose on Wednesday, supported by potential supply disruption after Ukrainian attacks on Russian …
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OPEC Says IEA Commentary on Oil Security Encouraging
(Reuters) – Oil producer group OPEC said on Wednesday it was encouraged by a commentary from the International Energy Agency (IEA) which underscores the importance of oil security, while the two remain far apart on the demand outlook. “While the world’s dependence on oil is lessening, it remains deep-rooted, so supply disruptions can still cause …
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Well Suspension Tools: Abandoned Wells – Leaking Stuffing Boxes
We’d all like to abandon all the dried up wells. But it is expensive and time consuming. And many wells have been orphaned. And so they sit, often creating atmospheric chaos. But most of us don’t realize how easy and inexpensive it would be to securely suspend leaking rod wells to stop the flow of …
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TPH: Lower 48 to Shed Rigs Through 3Q Before Gas Plays Rebound
TPH&Co. analysis shows the Permian Basin will lose rigs near term, but as activity in gassy plays ticks up later this year, the Permian may be headed towards muted activity into 2025.
OPEC Sticks to Oil Demand View, Nudges Up Economic Growth
Sticks to 2024 oil demand growth forecast of 2.25 mbpd OPEC Feb output rises 203,000 bpd despite new OPEC+ cuts IEA to publish updated forecasts on Thursday OPEC, IEA at most divided on oil demand since at least 2008 LONDON, March 12 (Reuters) – OPEC on Tuesday stuck to its forecast for relatively strong growth …
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Nord Stream Sues Insurers in London Over 2022 Pipeline Blasts
Reuters (Reuters) – Nord Stream is seeking more than 400 million euros ($436 million) from its insurers over explosions in 2022 which ruptured pipelines designed to transport Russian gas to Germany, court filings show. Nord Stream AG names Lloyd’s Insurance Company and Arch Insurance (EU) DAC as defendants in its lawsuit, which was filed at London’s High …
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