UNITED NATIONS (AP) — Nuclear energy must be part of the equation to tackle climate change, the U.N. nuclear chief said Wednesday. Climate-warming hydrocarbons still supply more than 80% of the world’s energy, even after the trillions of dollars spent in the green transition of the past 20 years, Rafael Grossi, director general of the …
California has led American states in its efforts to restrict expansion of the upstream oil and gas industry, but, on the other hand, industry has successfully countered almost every move by policymakers. So why has oil production turned down? Regardless of cause, is industry ready for the last phase of life? What will happen to …
Summary Brent nearly $20 a barrel lower than September peak Both Brent and WTI benchmarks hit lowest since July on Wednesday OPEC to discuss 2024 output policy later this month LONDON, Nov 9 (Reuters) – The Brent crude oil benchmark hovered around $80 a barrel on Thursday, with demand concerns and a waning war-risk premium …
Oil Hovers around $76 WTI After This Week’s Downward Spiral Read More »
Brookfield Asset Management Ltd.’s A$19.4 billion ($12.4 billion) contested takeover offer for Origin Energy Ltd. won more advisory firm support ahead of a key vote on the deal. The A$9.53 per share proposal by Brookfield and partners including EIG Global Energy Partners “offers investors certainty of value at a level that is within a reasonable …
Brookfield’s $12 Billion Origin Takeover Wins More Proxy Support Read More »
U.S. energy regulators on Tuesday urged lawmakers to fill a regulatory blind spot to maintain reliable supply of natural gas during extreme cold weather that was highlighted by an inquiry into power outages during Winter Storm Elliott in December 2022. A report on the joint inquiry by the Federal Energy Regulatory Commission (FERC) and the …
Regulators call for natural gas supply protections after 2022 winter power outages Read More »
(Reuters) – Pipeline operator TC Energy (TRP.TO) on Wednesday beat third-quarter profit estimates, as it gained from higher demand for liquefied natural gas (LNG). Gas supply to seven big U.S. LNG export plants jumped in the quarter as buyers looked for alternatives to Russian gas imports and to fill Europe’s storage inventories. TC Energy’s U.S. …
TC Energy beats third-quarter profit estimates on high LNG demand Read More »
Summary API shows large build in U.S. crude stockpiles -sources OPEC export estimates remain high -Goldman Sachs China’s exports extend declines Nov 8 (Reuters) – Oil prices remained under pressure on Wednesday after sliding to their lowest in more than three months in the previous session, slipping further on concern over waning demand in the …
Oil Sputters Near Three-Month Lows as Demand Concerns Mount Read More »
California has led American states in its efforts to restrict expansion of the upstream oil and gas industry, but, on the other hand, industry has successfully countered almost every move by policymakers. So why has oil production turned down? Regardless of cause, is industry ready for the last phase of life? What will happen to …
BlackRock Inc. will invest $550 million of client money into Occidental Petroleum Corp.’s Stratos project, which will be the world’s largest plant capturing carbon dioxide directly from the air. BlackRock’s diversified infrastructure business signed an agreement through one of its funds to form a joint venture with Occidental’s 1PointFive subsidiary that will own Stratos, the …
BlackRock Invests $550 Million in Occidental Carbon Capture Read More »
(Reuters) – Mexican state energy company Pemex and U.S. liquefied natural gas (LNG) company New Fortress Energy have terminated a deal to develop potentially the country’s first deepwater natural gas project that was signed a year ago, two sources with direct knowledge of the matter said. Now Pemex wants to continue with the development of the …
Mexico’s Pemex, New Fortress Energy Scrap Deepwater Gas Project Read More »
