Halliburton Profit Beats on International Strength

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Halliburton Profit Beats on International Strength (Reuters) – Halliburton’s  fourth-quarter profit beat market expectations on Tuesday as strength in offshore and overseas drilling activities internationally boosted demand for oilfield services and equipment. The Houston-based company said adjusted net income stood at 86 cents per share for the three months ended Dec. 31, compared with 80 cents …

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Gas Exporting Group Sees Tight Global LNG Markets Until 2026

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The Gas Exporting Countries Forum (GECF) sees tight global liquefied natural gas (LNG) markets until 2026 as demand rises 1.5% this year and by up to 22% through 2050, the group’s secretary general, Mohamed Hamel, said on Monday at a conference in Trinidad and Tobago. The GECF represents natural gas exporters including Qatar, Russia and …

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Exxon Louisiana Refinery Gasoline, Diesel Units Shut for Work

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 Exxon Mobil Corp began on Saturday a planned overhaul on a fluidic catalytic cracker (FCC) and the hydrocracker at its 522,500 barrel-per-day (bpd) Baton Rouge, Louisiana, refinery, people familiar with plant operations said on Monday.The 110,000-bpd gasoline-producing FCC and 23,000-bpd diesel-producing HCLA hydrocracker were shut on Saturday for the two-month long overhaul, the sources said. …

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Commentary: Four Supply and Demand Imbalances That Foreshadow Rising Energy Risks – Geoffrey Cann

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Energy risks are suddenly front page news, but the signs were there all along, provided you knew what to look for. These risks evolve from basic supply and demand forces in the energy industry. Balancing the supply of, and the demand for, energy perfectly, with all its necessary infrastructure and services, all the time, everywhere, for everyone, across …

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Saudi Arabia’s November Crude Exports Hit 5-Month High

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Saudi Arabia’s crude oil exports in November climbed to their highest level in five months and marked a third straight rise, data from the Joint Organizations Data Initiative (JODI) showed on Monday. Crude exports from the world’s largest oil exporter rose 0.6% to 6.336 million barrels per day (bpd) from 6.297 million bpd in October. …

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Oil Creeps Higher as Geopolitics Outweigh Demand Concerns

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(Reuters) – Oil prices edged higher on Monday as traders weighed the impact of wars in the Middle East and Ukraine on oil supply against economic headwinds pressuring global oil demand. Brent crude rose 22 cents to $78.78 a barrel by 1141 GMT. The front-month U.S. West Texas Intermediate crude futures contract for February delivery …

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Climate Test for Natural Gas Exports Splits White House Advisers

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Election-year climate review fraught for President Joe Biden Liquefied natural gas projects worth billions hang in balance By Jennifer Jacobs, Jennifer A Dlouhy, and Ari Natter President Joe Biden’s top advisers are divided over how much to ramp up environmental scrutiny of licenses to ship natural gas abroad as companies and industry groups warn it could slow development of new export terminals, …

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Exxon Sues ESG Investors to Stop Climate Proposals on Ballot

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Texas oil giant wants court to interpret SEC rule-making Exxon names Follow This, Arjuna Capital as defendants in case Exxon Mobil Corp. filed a lawsuit against US and Dutch climate activist investors in an effort to remove what it describes as their “extreme agenda” from the ballot at its annual shareholder meetings, and force a stricter …

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2024 Louisiana Energy Conference to Be Held Live and In-person May 28 – 30 at the Four Seasons Hotel in New Orleans

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NEW ORLEANS, Jan. 18, 2024 (GLOBE NEWSWIRE) — The 2024 Louisiana Energy Conference will be held in-person Tuesday afternoon May 28 through Thursday, May 30, 2024 at the Four Seasons Hotel, New Orleans, located at 2 Canal Street, at the foot of Canal Street on the Mississippi River. Conference registration is now open and hotel …

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