Potential strikes at three major liquefied natural gas facilities in Australia could disrupt about 10% of global exports of the fuel and deliver a new energy price shock across Asia and Europe. Workers at Chevron Corp. and Woodside Energy Group Ltd. facilities in Australia have voted to approve industrial action at the North West Shelf, …

Australia Labor Strikes Risk 10% of Global LNG in Threat of New Energy Shock Read More »

Brent and WTI have been on the rise for months Inflation data due at 1230 GMT Saudi and Russian output cuts add to supply concerns  (Reuters) – Oil prices stabilised on Thursday as investor caution dominated ahead of inflation data expected to offer clues on U.S. interest rates. Brent crude dipped 12 cents to $87.43 …

Oil Steadies Ahead of U.S. Inflation Data Read More »

U.S. natural gas futures jumped nearly 6% to a five-month high on Wednesday as sustained hotter-than-normal weather kept air conditioning demand high, especially in Texas. Front-month gas futures for September delivery on the New York Mercantile Exchange were up 16.1 cents, or 5.8%, to $2.94 per million British thermal units (mmBtu) at 09:44 a.m. EDT …

U.S. Natgas Jumps Nearly 6% to Five-Month Peak as Hot Weather Boosts Cooling Demand Read More »

The chief executive officer of NRG Energy Inc. vowed to fight for his job, citing stronger-than-expected earnings, despite an activist investor calling for his ouster. “I’m not going anywhere,” CEO Mauricio Gutierrez said in a telephone interview. “Right now, my focus is on executing this strategy.” That strategy involves NRG Energy’s move from being a …

NRG Energy CEO ‘Not Going Anywhere’ Despite Pressure From Activist Investor Elliott Read More »

The average weight of a new vehicle sold in the US last year was a whopping 4,329 pounds.  That’s over 1,000 pounds higher than the average in 1980, and up about 175 pounds in just the last three years. Essentially, more than a third of the average American car has been added in the past 40 years, a …

American Cars Are Developing a Serious Weight Problem Read More »

HOUSTON, Aug. 08, 2023 (GLOBE NEWSWIRE) — Amplify Energy Corp. (NYSE: AMPY) (“Amplify” or the “Company”) announced today its operating and financial results for the second quarter of 2023. Key Highlights During the second quarter of 2023, the Company: Achieved average total production of 21.2 Mboepd, up approximately 9% compared to the previous quarter Generated …

Amplify Energy Announces Second Quarter 2023 Results, Closing of New Revolving Credit Facility and Reaffirms 2023 Guidance Read More »

ONSITE3D is an innovative mechanical contractor and fabrication supplier that has integrated technologies into conventional workflows along with highly skilled labour to achieve operational excellence for our clients. One of the ways we’re able to create commercial value is through robotic spool welding. Watch this video to see how the integration of these incredible systems …

WATCH: A Look At ONSITE3D’s Robotic Fabrication Read More »

Will carbon capture help Britain reach net zero? LONDON, July 31 (Reuters) – The UK government on Monday reaffirmed its support for projects to capture and store carbon dioxide emissions as part of its efforts to reach net zero goals and said two more projects would be able to begin negotiations to take them forward. Britain already …

Explainer: What is Carbon Capture and Storage and Will it Cut Emissions? Read More »

What’s the best way for a shale executive to see a bigger pay check? Prove that you’re focused on cash flows and spending discipline, not drilling more oil.That’s the latest finding from a study by consulting firm Oil & Gas Financial Analytics, which found that pay packages at the c-suite level increasingly depend on how …

Shale Executives See Pay Bumps for Cash Flow More Than Growth Read More »

LONDON, Aug 7 (Reuters) – Shares in Siemens Energy  fell on Monday after the company quantified deeper than expected problems at its struggling wind turbine division that were first unveiled in June, saying the issues triggered a 2.2 billion euro ($2.42 billion) charge. The group’s shares slid 7.4% to the bottom of Germany’s blue-chip index , as …

Factbox: What are the issues with Siemens Gamesa’s wind turbines? Read More »