Baker Hughes Expects North America Oilfield Spend to Decline in 2024 (Reuters) – U.S. oilfield technology firm Baker Hughes said on Wednesday it expects spending on drilling and well completion in North America to fall in 2024 as commodity prices remain volatile. Shale producers have looked to reduce drilling to counter weak prices. Many U.S. …
Baker Hughes Expects North America Oilfield Spend to Decline in 2024 Read More »
In an attempt to buy votes from ignorant, gullible activists, Biden has amputated the US LNG industry without regard for the catastrophic consequences By Alex Epstein Joe Biden has halted LNG expansion, which the world needs for low-cost, reliable, secure energy.He pretends it’s to lower prices or GHG emissions, but it will do neither.Halting LNG is …
COMMENTARY: Biden’s LNG Pause: a Deadly Election Year Fraud – Alex Epstein Read More »
Kenyan president speaks at Italy-Africa summit in Rome Renewable energy is an economically rational choice, he says Kenyan President William Ruto said African countries need to be able to tap all their energy resources even if that means developing non-renewable sources of fuels. “I firmly believe that no African country can be asked to halt the exploration …
No African Nation Should Have to Halt Fossil Fuels, Kenyan President Says Read More »
Biden administration may let six-month suspension end in April US has eased pressure on Maduro amid democratic reforms Maria Corina Machado holds a press conference in Caracas on Monday.Photographer: Gaby Oraa/Bloomberg The Biden administration will restore sanctions on Venezuela’s energy sector if the country upholds its ban on an opposition candidate from running for president, …
U.S. Set to Renew Venezuela Oil Sanctions After Presidential Candidate Barred Read More »
The cost of electric trucks and complications of charger installation hamper progress. The appetite for speedy package delivery is skyrocketing around the planet. Americans do more than 15% of their shopping online, with digital purchases of groceries, shoes, pet food and other goods quadrupling over the past decade to $1 trillion a year. Global e-commerce is expected …
Bloomberg Company asked to maintain capacity at 12 million barrels daily Surprise move will raise questions about view on oil demand Saudi Aramco abandoned a plan to boost its oil output capacity, a huge reversal that will raise questions about the kingdom’s view on future demand. The surprise move comes after the world’s biggest oil exporter …
Saudi Aramco Drops Expansion Plan, Raising Demand Questions Read More »
Saudi Arabia’s major reversal on plans to boost how much oil it can produce may spur doubts over the long-term health of demand. State giant Saudi Aramco provided no rationale when it said Tuesday it would ditch efforts to reach capacity of 13 million barrels a day by 2027 and instead hold at the current 12 million. …
Saudi Oil U-Turn Stokes Doubts Over Future Demand Read More »
Reuters – Oil prices edged higher on Tuesday following a more than 1% drop in the previous session as escalating tensions in major producing region the Middle East fuelled supply concerns, though a bleak Chinese economic outlook limited gains. March Brent crude futures , which are due to expire on Wednesday, rose 8 cents, or …
Oil Up on Middle East Tensions, China Economy Worries Limit Gains Read More »
FREMONT, Calif., Jan. 29, 2024 (GLOBE NEWSWIRE) — Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world’s leading supplier of microinverter-based solar and battery systems, today announced that it has started shipping its new IQ8™ Microinverters, IQ8HC™ and IQ8X™. With peak output AC power of 384W, IQ8HC and IQ8X Microinverters are designed …
Houston, Texas, Jan. 29, 2024 (GLOBE NEWSWIRE) — Battalion Oil Corporation (NYSE American: BATL, “Battalion” or the “Company”) today announced certain financial and operating updates. Key Highlights Acid gas injection (“AGI”) well is projected to be injecting by end of the first quarter 2024 Recent two well pad was drilled and completed under budget and the …
Battalion Oil Corporation Announces Operations and Financial Update Read More »
