May 26, 2023 Business Wire HOUSTON – ConocoPhillips (NYSE: COP) today announced that it is exercising its preemption right to purchase the remaining 50% interest in Surmont from TotalEnergies EP Canada Ltd. for approximately $3 billion (CAD$4 billion), subject to customary adjustments, as well as contingent payments of up to approximately $325 million (CAD$440 million). ConocoPhillips currently holds a 50% …

ConocoPhillips provides notice that it is exercising its preemption right to purchase the remaining 50% interest in Surmont Read More »

Courtesy of ENERGYminute See more articles and infographics from ENERGYminute HERE The widespread use of plastics has been both a blessing and a curse. Being durable and low-cost, they have revolutionized many industries but are also a major source of global waste. The use of plastics in modern industries Packaging: Plastics are used in packaging due to …

INFOGRAPHIC: The World of Plastics – ENERGYminute Read More »

LONDON, May 26 (Reuters) – Oil prices ticked up on Friday, as the market weighed conflicting messages on supply from Russia and Saudi Arabia ahead of the next OPEC+ policy meeting. Brent crude was up 54 cents at $76.80 a barrel at 1159 GMT, while U.S. West Texas Intermediate rose 67 cents to $72.50 a …

Oil Ticks Up Amid OPEC+ Supply Cut Uncertainty Read More »

The U.S. on Thursday held its first sale of oil and gas drilling rights on federal lands since passage of President Joe Biden’s landmark climate change law, attracting more than $78 million in high bids for leases in New Mexico and Kansas. The federal auction was just the second to be held in New Mexico, …

U.S. Oil and Gas Auction Yields Nearly $80 Mln for Federal Coffers Read More »

Stanford Law School (SLS) has been in the news this year due to an embarrassing incident on March 9 in which SLS students shouted down a guest speaker, Judge Stuart Kyle Duncan—and then an SLS official, the associate dean of DEI, endorsed the students and further attacked the judge. (For a full and fascinating discussion of …

Commentary: My Stanford Law School experience – Alex Epstein Read More »

Analysis by Energy Workforce President Tim Tarpley President Joe Biden and House Speaker Kevin McCarthy met to discuss the federal debt limit negotiations on Monday. Direct negotiations over the debt limit had started to crumble over the weekend, with both sides accusing each other of playing politics. Meanwhile, U.S. Treasury Secretary Janet Yellen on Wednesday …

FFEDERAL DEBT LIMIT NEGOTIATIONS CONTINUE; RENEWABLE ENERGY SEES DECLINE Read More »

VANCOUVER, British Columbia, May 25, 2023 (GLOBE NEWSWIRE) — The final line-up for LNG2023, the world’s preeminent meeting of the international LNG industry, has been announced, and the United States will be well represented by energy industry leaders, including Dan Brouillette, former US Secretary of Energy. The global conference and exhibition will take place July …

Energy Industry Leaders Represent United States at Global LNG Event Read More »

May 24 (Reuters) – Just four countries account for over half of all thermal coal imports and more than 70% of global power sector emissions from coal use, data shows, underscoring the extent of global dependence on these nations when it comes to cutting pollution. China, India, The Philippines and Vietnam accounted for 53% of …

The ‘Big 4’ Drivers of Coal Imports and Power Emissions Read More »

Saudi Arabia’s energy minister has warned speculators to “watch out” – an implied threat to cut production again to drive prices higher when ministers from the expanded OPEC+ group of exporters meet on June 4. “I keep advising them (speculators) that they will be ouching, they did ouch in April, I don’t have to show …

OPEC+ Credibility on Line with Talk of More ‘Ouching’: John Kemp Read More »

U.S. natural gas futures gained about 2% on Wednesday on forecasts for cooler weather this week and warmer weather next week that should boost demand more than previously expected through early June. Gas prices also gained support from low amounts of wind power in recent weeks that have forced power generators to burn more gas …

US natgas up 2% on forecasts for higher demand through early June Read More »