Energy Transition in Motion (Week of March 8, 2024)
Here is a look at some of this week’s renewable energy news, including a record-setting 2023 for U.S. solar.
Oil Market Shifting Back to Supply/Demand
Stratas Advisors’ John Paisie forecasts the price of Brent crude to increase during the second and third quarters of this year and move toward $90/bbl.
Equinor Brings Solar Plant Online in Brazil
Equinor says the Mendubim solar plant will produce 1.2 terawatt hours of power annually.
Women in Energy: Diversify or Die
The oil and gas industry may be at risk of losing the innovation race if women remain sidelined.
Eni Finds 2nd Largest Discovery Offshore Côte d’Ivoire
Deepwater Calao Field’s potential resources are estimated at between 1 Bboe and 1.5 Bboe.
Chevron’s CEO Faces Challenges of a Lifetime With Hess Bid
Chevron CEO Michael Wirth is facing a head-to-head match with Exxon Mobil with his $53 billion bid for Hess and its stake in oil hotspot Guyana, and could wind up trapped in a dispute between two of South America’s biggest energy rivals. On Wednesday, Exxon filed an arbitration claim that could block Hess’ proposed merger with Chevron. …
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Chevron Exec: Shale Still in ‘Early Days’ of Recovery Potential
From innovation to shale well recovery rates, executives at Chevron, SLB, Helmerich & Payne and Transocean see a lot more work ahead.
CNOOC Finds Light Crude at Kaiping South Field
The deepwater Kaiping South Field in the South China Sea holds at least 100 MMtons of oil equivalent.
TC Energy’s Keystone Oil Pipeline Offline Due to Operational Issues
TC Energy’s Keystone oil pipeline is offline due to operational issues, cutting off a major conduit of Canadian oil to the United States, three industry sources said on Thursday. The 622,000 barrel-per-day pipeline has been dogged by problems, including a 2022 spill in rural Kansas. Calgary, Alberta-based TC did not immediately respond to a request …
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Hart Energy’s Influential Women in Energy: A Woman of G.R.I.T.
When Lara Jones was at her lowest point, she developed a system to transform her fears into action. Now, her mission is to share what she learned.