NEW YORK, June 12 (Reuters) – U.S. oil output from top shale-producing regions is due to rise to the highest on record in July, but the size of the increase is expected to be the smallest since December, U.S. Energy Information Administration data showed on Monday. U.S. oil output is expected to rise to 9.38 …
U.S. Oil Output to Rise to Record High in July But Growth Narrowing – EIA Read More »
International companies are catching up fast thanks to digital democracy and education By Geoffrey Cann It’s hard to gauge the state of digital play among the global oil and gas world without some kind of benchmarking effort, but teaching provides a useful proxy source of insight. Many years ago, one of my mentors counseled me …
Is Your Digital Transformation Effort Lagging The Competition? – Geoffrey Cann Read More »
U.S. natural gas prices eased about 1% to a one-week low on Monday on forecasts for less demand than previously expected over the next two weeks, cutting futures volatility to a 13-month low. That price decline came despite a drop in gas exports from Canada due to wildfires and as the amount of gas flowing …
U.S. natgas eases 1% on lower demand forecasts, futures volatility drops Read More »
U.S.-based oil major Chevron will invest more than $500 million to develop the Trapial block in western Neuquen province, home to the massive Vaca Muerta shale basin, Argentina’s economy ministry announced on Friday. The announcement followed a meeting between Economy Minister Sergio Massa and company officials, according to a ministry statement. The new spending plan is …
Argentina says Chevron to invest $500 mln in Vaca Muerta shale area Read More »
A view of Tidewater Renewables’ renewable diesel and renewable hydrogen complex at the refinery in Prince George, British Columbia, Canada June 6, 2023. Tidewater Renewables/Handout via REUTERS WINNIPEG, Manitoba, June 12 (Reuters) – Canadian biofuels producers are threatening to build their next projects in the United States to cash in on rich subsidies for clean …
Rich U.S. Subsidies May Hobble Canada’s Clean-Fuel Efforts Read More »
The average recovery rate from oil production has increased from 30% to 70% over the last 50 years. This is due in no small part to the ever-increasing progress in Enhanced Oil Recovery (EOR). Whether through the application of heat, the injection of gas, or the use of chemicals, EOR is becoming more and more …
Chris Bowe needed a quick charge before climbing over the Santa Cruz Mountains in his Ford F-150 Lightning on his drive home to the San Francisco Bay Area. So he pulled into Tesla’s Supercharger station in Scotts Valley, which has 16 stalls. It’s one of just two locations on the West Coast that is open to drivers …
Tesla’s Shrewdest Product Is Proving to Be Its Charging Network Read More »
(Reuters) – With AI rapidly becoming a buzzword across industries, oil and gas companies are exploring ways to use this technology to fuel innovation in the energy sector. Here are 10 predictions for future applications of AI in energy, according to brokerage Jefferies. ASSET MANAGEMENT & MONITORING Jefferies expects energy firms to partner with tech …
Looking Ahead: Jefferies sees AI fuelling next wave of innovation in oil and gas sector Read More »
The U.S. Department of Energy said on Friday it awarded supply contracts to five companies to deliver 3 million barrels of crude oil to the Strategic Petroleum Reserve in August at an average price of $73 per barrel. The DOE had announced the purchase plan in May as a step to refill the emergency stockpile …
U.S. buys 3 million barrels for oil stockpile, announces plan for 3 milllion more Read More »
Summary WTI futures fall 2% on weekly basis, Brent falls 1.6% China factory gate prices drop at quickest pace in 7 yrs Focus shifts to US Fed policy, could set up Saudi’s next steps BENGALURU, June 9 (Reuters) – Oil prices fell more than a dollar a barrel on Friday to record a second straight …
Oil Posts Second Weekly Decline as Demand Concerns Overshadow Saudi Cut Read More »
