(Reuters) – Activist investor Elliott Investment Management on Monday urged NRG Energy (NRG.N) to make leadership and capital allocation changes, and called the U.S. utility’s recent acquisition of Vivint Smart Home a “strategic misstep”. The company’s shares rose 4.5% to $34.21 in early trading after Elliott’s letter. Elliott called for a review of the company’s home …

Activist investor Elliott pushes for change at NRG Energy Read More »

By Geoffrey Cann A large integrated oil and gas company has invited me to address their global center for data excellence. That such an organizational creation is necessary is both telling for some and enlightening for others. Bus ta Move Many years ago, I helped a bus operator that provided worker transportation to oil and gas facilities with …

Creating A Data Culture in Oil and Gas – Geoffrey Cann Read More »

May 12 (Reuters) – The U.S. Treasury Department on Friday clarified that developers of solar energy projects can claim a new subsidy for facilities built with American-made products even if the system’s panels contain cells made entirely with Chinese materials. The long-awaited rules around how companies can claim a new tax credit for clean energy …

U.S. Treasury Takes Middle Road on Solar Panels ‘Made in the USA’ Read More »

Axis Communications, a leader in network video, announces AXIS P1468-XLE Explosion-Protected Bullet Camera, the world’s first explosion-protected camera specifically designed for Zone and Division 2 hazardous locations. The camera is designed for Zone 2, 22 and Class I/II/III Division 2 according to international standards (ATEX, IECEx, NEC). AXIS P1468-XLE uses the ‘Ex e’ protection method, …

Axis Communications announces world’s first explosion-protected camera designed for Zone/Division 2 hazardous areas. Read More »

(Reuters) – Oil prices settled more than 1% lower on Friday, falling for the third consecutive week, as the market balanced supply fears against renewed economic concerns in the United States and China. Brent crude futures settled down 81 cents, or 1.1%, to $74.17 while West Texas Intermediate (WTI) U.S. crude futures fell 83 cents, …

Oil Ends the Week Down on Stronger Dollar, Demand Fears Read More »

May 12 (Reuters) – TC Energy Corp (TRP.TO) finished recovering oil from a rural Kansas creek where its Keystone Pipeline spilled 14,000 barrels of oil in December, the company said on Friday. The pipeline operator expects to remain onsite until the third quarter of this year to finish restoring the Mill Creek shoreline, TC Energy said in …

TC Energy finishes recovering oil from Kansas creek in Keystone spill Read More »

The U.S. oil and natural gas rig count fell this week to its lowest in nearly a year, as gas rigs slumped by the most in a week since February 2016, energy services firm Baker Hughes Co (BKR.O) said in its closely followed report on Friday. U.S. natural gas futures jumped over 5% shortly after Baker …

US Weekly Natgas Rig Count Falls by Most Since 2016 – Baker Hughes Read More »

(Reuters) – Sour crude oil supplies for U.S. Gulf Coast oil refiners will be squeezed in coming weeks, market participants said, as global demand rises following this month’s OPEC+ production cut. The oil producing group’s 500,000 barrel per day cut will reduce stocks of sour crudes as U.S. oil refiners ramp up purchases for summer …

Tight market for sour crude oil to squeeze U.S. Gulf Coast refiners Read More »

(Reuters) – U.S. Energy Secretary Jennifer Granholm told lawmakers on Thursday her department could start repurchasing oil for the Strategic Petroleum Reserve (SPR) after completing a congressionally mandated sale next month. “That congressionally mandated sale of 26 million barrels will be completed by June, and it’s at that point where we will flip the switch …

U.S. could start buying oil for reserve after June sale, energy secretary says Read More »

Accretive transaction strengthens Free Cash Flow outlook and adds ~100 high-value oil-weighted locations TULSA, OK, May 12, 2023 (GLOBE NEWSWIRE) — Vital Energy, Inc. (NYSE: VTLE) (“Vital Energy” or the “Company”) today announced the signing of a definitive joint purchase and sale agreement to acquire the assets of Forge Energy II Delaware, LLC (“Forge”), an …

Vital Energy Expands Permian Footprint with Delaware Basin Acquisition Read More »