Riverbank erosion prompts Wisconsin band to ask for emergency shutdown of Line 5

WASHINGTON — An Indigenous band is asking a Wisconsin judge to order an emergency shutdown of the Line 5 pipeline. The Bad River Band of the Lake Superior Chippewa says ongoing spring flooding risks exposing and rupturing the pipeline on its territorial land. The band has asked District Court Judge William Conley, who is presiding …

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Valero Energy CEO Joseph Gorder to step down, insider Riggs to succeed

May 9 (Reuters) – U.S. refiner Valero Energy Corp (VLO.N) said on Tuesday CEO Joseph Gorder would step down from the role on June 30 and named Chief Operating Officer Lane Riggs as his successor. Gorder has led Valero as CEO since May 1, 2014 and served as chairman of the board since Dec. 31, 2014. Gorder …

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Column: Asia’s collapsing refinery margins undermine bullish crude case

LAUNCESTON, Australia, April 18 (Reuters) – There is an increasing disconnect between the forecasts for strong global oil demand growth this year, led by Asia, and the reality of weakening margins for refined fuels. The profit from turning a barrel of Dubai crude into refined products at a typical Singapore refinery dropped to $2.53 a …

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Pentagon Sounds Alarm Over Biden Plan for Offshore Wind Sites

The Pentagon is sounding alarms over Biden administration plans to advance offshore wind projects along the central Atlantic US coast, warning that almost all of the new terrain eyed for development conflicts with military operations. Maps shared with industry stakeholders and seen by Bloomberg News show vast red areas that the Navy and Air Force have deemed “highly problematic,” …

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U.S. Natgas Jumps 9% to 3-Wk High on Cooler Forecasts, Record LNG Feedgas

U.S. natural gas futures jumped about 9% to a three-week high on Monday on forecasts for cooler weather and more heating demand over the next two weeks than previously expected. Prices were also rising as the amount of gas flowing to U.S. liquefied natural gas (LNG) export plants remained on track to hit a record …

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Fossil Fuels Find a Loophole in the Latest G-7 Climate Pledge

The meeting of Group of Seven energy and environment ministers ended Sunday without a deadline to halt new coal investments or the kinds of firm commitments that climate advocates have said are necessary to limit global warming. In its official communique, the Group of Seven ministers pledged to work toward cleaning emissions from power generation …

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What is Managed Pressure Drilling (MPD)? Check out Beyond Energy’s MPD packages!

Managed Pressure Drilling (MPD) is a drilling technique used in the oil and gas industry to better control the pressure profile in the wellbore during drilling operations. MPD is used when conventional drilling techniques cannot be used because of narrow margins between pore pressure and fracture pressure or when drilling through challenging formations, such as …

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G7 ministers agree to cut gas consumption and speed-up renewable energy

SAPPORO, Japan, April 15 (Reuters) – The Group of Seven rich nations have agreed to call for reducing gas consumption and increasing electricity from renewable sources while phasing out fossil-fuels faster and building no new coal-fired plants, France’s energy transition minister said on Saturday. G7 environment and energy ministers, however, could not agree on a …

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