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 …
May 19 (Reuters) – U.S. energy firms this week cut 11 oil rigs, the most in a week since September 2021, energy services firm Baker Hughes Co (BKR.O) said in its closely followed report on Friday. That follows last week’s cut of 17 natural gas rigs, which was the biggest drop since June 2020. The oil and gas rig …
US drillers cut most oil rigs in a week since Sept. 2021, Baker Hughes says Read More »
We’re excited to announce our presence at the upcoming SPE Western Regional Meeting in Anchorage, at the Marriott Anchorage Downtown, from May 22-25, 2023. Join us at Booth H19 as we showcase our latest innovations and solutions in Managed Pressure Drilling. It’s the perfect opportunity to connect with our team, learn about our cutting-edge technologies, …
Associated Press A federal judge signaled Thursday he will not force an energy company to shut down an oil pipeline in northern Wisconsin, despite arguments from a Native American tribe that the line is at immediate risk of being exposed by erosion and rupturing on reservation land. The Bad River Band of Lake Superior Chippewa …
(Reuters) – The Group of Seven (G7) rich nations should work together to access technology and secure sources of critical minerals for a green transition, creating additional manufacturing capacity rather than competition, a top European diplomat said on Friday. The G7 is accelerating its push towards greener technologies after Russia’s invasion of Ukraine disrupted decades-long …
G7 members should not compete against each other on renewables, von der Leyen says Read More »
Calgary, Alberta – Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) (“Baytex”) provides an update with respect to closing of the previously announced acquisition of Ranger Oil Corporation (“Ranger”) by Baytex (the “Merger”). Baytex has filed its Registration Statement on Form F-4 which has been declared effective by the U.S. Securities Exchange Commission (“SEC”). Baytex’s Registration Statement …
Baytex Provides Update with Respect to Closing of Ranger Acquisition Read More »
WASHINGTON, May 18 (Reuters) – The Department of the Interior’s Bureau of Land Management on Thursday announced it had completed the environmental review of a transmission project that can transport up to 4,500MW of mostly renewable energy across the southwestern U.S. The step moves the project close to the finish line some 15 years after …
U.S. advances major southwestern transmission project Read More »
U.S. natural gas futures rose about 2% to a two-month high on Thursday as wildfires kept gas exports from Canada near a 25-month low. That price increase came ahead of a federal report expected to show a bigger-than-usual U.S. storage build last week when mild weather kept demand for the fuel low for both heating …
U.S. natgas up 2% to two-month high as Canada wildfires keep exports low Read More »
Shell Plc executives are telling their renewable power business that it needs to become more profitable, not just deliver lower carbon emissions, and pull back from the less successful elements of its clean-energy strategy. That was the message from Steve Hill, executive vice president of Shell Energy, at an internal town hall for his team …
Shell Demands Profits From Green Energy Unit, Not Just CO2 Cuts Read More »
