Growth in Low-Emissions Power Expected to Cover Demand – IEA

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(Reuters) – Power generated from low-emissions sources, such as wind, solar and nuclear, will be adequate to meet growth in global demand for the next three years, the International Energy Agency (IEA) said, adding power sector emissions are on the decline. Following record growth, electricity generation from low-emissions sources will account for almost half of …

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Energy industry upgrade using artificial intelligence?

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In the energy sector, the term artificial intelligence or “AI” is becoming more and more common, and its potential importance is being examined more than ever. By enabling effective decision-making processes and real-time insights into asset performance, AI technology is starting to change the energy business across North America and beyond. Energy firms can now optimize operations, minimize downtime, …

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OPEC’s Mission for 2024 is Looking Even Tougher

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International Energy Agency data shows the cartel and its allies may need to restrain supplies all year. OPEC’s mission to defend oil prices this year is starting to look even harder. The cartel and its allies launched new production cuts this month to stave off a global oil surplus, and group leader Saudi Arabia said …

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Energy Transfer: Dakota Access Oil Pipeline Won’t Shut after Environmental Study

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

Energy Transfer does not expect the U.S. Army Corps of Engineers to shut down the Dakota Access oil pipeline (DAPL) after a long-pending environmental review of a section that runs under a lake and is opposed by nearby Native American tribes, Executive Chair Kelcy Warren said on Tuesday. A U.S. court in 2022 ordered the …

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U.S. Natgas Prices Slide 3% to 5-Week Low on Warmer Weather Forecasts

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U.S. natural gas futures slid about 3% to a five-week low on Tuesday on forecasts for demand to keep dropping and output to keep rising as the weather turns warmer than normal through at least early February. That price drop occurred even though the amount of gas flowing to U.S. liquefied natural gas (LNG) export …

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$144B of Transactions in Recording-Setting 4Q23 for Upstream M&A

Energy Topics & Technology, Latest, Mergers and Acquisitions, Press Releases / By

ExxonMobil and Chevron lead the charge to secure future resource, but will this historic consolidation continue? CALGARY, Alberta (January 23, 2024) — Enverus Intelligence Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS company, is releasing its summary of Q4 and full-year 2023 upstream merger and acquisition (M&A) activity. Q4 recorded a massive …

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More U.S. Energy Deals Likely in 2024 in Wave of Consolidation

Energy Topics & Technology, Latest, Mergers and Acquisitions, US News / By

The U.S. energy sector has entered a new phase of consolidation as the industry went on a $250-billion buying spree in 2023, and experts see more transactions on the horizon. The majority of energy executives polled in December by the Federal Reserve Bank of Dallas expected more oil deals worth $50 billion or higher to …

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OPINION: Exxon Activists Should be Banished With Vote, Not Court

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(Reuters Breakingviews) – Exxon Mobil  is trying to banish a climate activist proposal in a Texas court. The $385 billion oil giant would be better off leaving its own shareholders to do so. After all, similar measures have resoundingly failed before. Choosing to instead fight against a vote is counterproductive for a company that has struggled against …

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U.S. Department of Justice Preparing Legal Brief as Both Sides Appeal Line 5 Decision

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

WASHINGTON — The U.S. government has been asked to explain to a federal appeals court precisely how it believes the country’s 1977 pipeline treaty with Canada should impact efforts to shut down the controversial cross-border Line 5. A forthcoming Department of Justice brief will mark the Biden administration’s first public foray into the long-running dispute …

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COMMENTARY: Chevron Would Fit Better in Texas Than California

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The oil giant has outstayed its welcome in San Ramon. By Javier Blas Javier Blas is a Bloomberg Opinion columnist covering energy and commodities. He is coauthor of “The World for Sale: Money, Power and the Traders Who Barter the Earth’s Resources.” Chevron Corp. has a strong a sense of nostalgia about its home base …

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