(Reuters) – Dealmaking is picking up in the Permian basin, the largest U.S. oil patch, as drillers look to quickly rebuild their depleting assets. Permian is a prime target for producers looking to increase their inventory. The shale patch, which lies between Texas and New Mexico, has the necessary infrastructure and is known for high …
Permian Set for M&A Frenzy as Cash-Rich Producers Seek Reserve Boost Read More »
DUBAI, May 22 (Reuters) – OPEC Secretary General Haitham Al Ghais said on Monday that underinvesting in the oil and gas sector could cause market volatility in the long term and imperil growth. He also said the world needs to focus on reducing green house gas emissions rather than replacing one form of energy with …
OPEC sec general says underinvestment could trigger oil market volatility Read More »
A recent story by BNN Bloomberg—headlined “Drop the ‘Natural’ in Natural Gas, Climate Activists Urge US Officials”—notes that an environmental advocacy group called “Gas Leaks” wants the United States Federal Trade Commission (FTC) to rename the substance we all currently know as, well, natural gas. Apparently, climate activists believe the term “natural gas” carries overly positive connotations …
Commentary: Climate Activists Continue Their Confusing Crusade Read More »
Every morning, more than 600 workers clock in at the Louisiana shipyard where the Eco Edison, the first US-built vessel to service offshore wind farms, is under construction. At quitting time, a parade of pickups and dusty sedans forms a traffic jam on the road back into town, past buildings that serve the long-dominant oil and gas …
An American Oil Hub Is Pivoting to Offshore Wind Read More »
MELBOURNE, May 22 (Reuters) – Australia has won the backing of the United States for development of its critical minerals industry after the two countries reached an agreement to coordinate polices and investment to support the industry’s growth. Australia supplies around half of the world’s lithium as well as other minerals like rare earths used …
Australia wins U.S. support for critical minerals industry Read More »
When problems are solved with technical ingenuity and risk-based solutions, profit flows faster. But every industry-defining move must be built on a strong foundation… consultancy which reaches beyond the obvious to deliver value across the entire asset lifecycle. From idea to implementation We assess, analyse, determine and develop solutions through a structured process – from …
Analysis by Energy Workforce President Tim Tarpley Last week, the Biden Administration released a sweeping new emissions rule for power generation in the United States similar in many respects to the “Clean Power Plan” that was released during the Obama Administration but never fully implemented. The plan sets stringent new emissions requirements for coal and …
Debt-limit negotiators resumed discussions in Washington ahead of a meeting on Monday between President Joe Biden and House Speaker Kevin McCarthy, as time grows short to avert a US default. The Republican leader said he and the president had a “productive” call Sunday, shifting back to a more optimistic outlook on talks that have whipsawed …
Biden, McCarthy to Meet Monday as Staff Debt-Limit Talks Resume Read More »
Summary US debt ceiling talks paused No decisions yet on US interest rates -Fed’s Powell Crude benchmarks notch first weekly gain in a month U.S. oil rig count falls by 11 to 575 this week (Reuters) – Oil prices fell on Friday, as investors worried that U.S. politicians will fail to agree on a new …
Oil Slips as U.S. Debt Talks Pause, Fed Warns of High Inflation Read More »
HIROSHIMA, Japan, May 19 (Reuters) – The Group of Seven rich nations believes that publicly supported investment in the gas sector can be temporarily appropriate while countries are accelerating the phasing-out of their dependency on Russia, a draft communique seen by Reuters showed. The language, if it remains in the final version of the communique …
