Chevron, Total’s Anchor Up and (Almost) Running
During the Offshore Technology Conference 2024, project managers for Chevron’s Anchor Deepwater Project discussed the progress the project has made on its journey to reach first oil by mid-2024.
Global Gas Glut to Be Delayed by Another Year
Markets were supposed to be flooded with LNG by 2025, but hiccups at new projects might postpone their start. A wave of new liquefied natural gas projects that was supposed to flood the global market from next year now looks like it might not eventuate until at least 2026. The main reason is that the …
Europe Braces for Billions in Writedowns at Stranded Gas Assets
Germany prepares for gas grids and boilers to become redundant Other European countries are still investing in gas networks For the past four years, the Bavarian city of Augsburg has been warning homeowners that gas supplies could be switched off by 2030 as fossil fuels are phased out. It’s a blunt message on the potentially …
Europe Braces for Billions in Writedowns at Stranded Gas Assets Read More »
Kimmeridge Plans to Invest More in U.S. LNG Despite Biden’s Pause
Kimmeridge Energy Management Co. plans to continue to invest in the US liquefied natural gas export industry, even though new permitting is on hold while the Biden administration scrutinizes the sector. The company expects to make additional investments in the proposed Commonwealth LNG project in Louisiana, according to Ben Dell, Kimmeridge’s co-founder and managing partner. Kimmeridge is …
Kimmeridge Plans to Invest More in U.S. LNG Despite Biden’s Pause Read More »
BP Ends Big Oil Earnings with Maintained Share Buybacks
Payouts from the world’s biggest international oil companies hit a record US$114 billion last year Bloomberg News BP PLC maintained the pace of its share buybacks even as first-quarter profit and cash flow fell by more than expected and net debt increased. The result marks the end of a mixed set of Big Oil earnings which saw Shell PLC, TotalEnergies SE and Chevron …
BP Ends Big Oil Earnings with Maintained Share Buybacks Read More »
Ring Energy Announces First Quarter 2024 Results, Provides Second Quarter 2024 Outlook and Reiterates Full Year 2024 Guidance
~ Crude Oil and Boe Sales Volumes Exceed High End of Q1 Guidance ~ ~ LOE per Boe and Capital Spending Below Low End of Q1 Guidance ~ THE WOODLANDS, Texas, May 06, 2024 (GLOBE NEWSWIRE) — Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today reported operational and financial results for the …
Electric Hype vs. Hydraulic Reality: Advantages of Traditional Systems
Castrol’s new fluid prevents gas hydrates in deepwater control systems.
Iran’s Capacity to Move Oil Reliant on Malaysian Providers, U.S. Official Says
The United States sees Iran’s capacity to move its oil as reliant on service providers based in Malaysia, with oil being transferred near Singapore and throughout the region, the U.S. Treasury Department’s top sanctions official said on Tuesday. Brian Nelson, Treasury’s undersecretary for terrorism and financial intelligence, was speaking during a four-day visit to Singapore …
Iran’s Capacity to Move Oil Reliant on Malaysian Providers, U.S. Official Says Read More »
Exxon, Chevron CEOs Seek Clear Rules on U..S Clean Energy Subsidies
Top executives at U.S. oil giants Exxon Mobil and Chevron Corp said on Monday that the U.S. needs to clarify rules on energy subsidies to drive the rapid, large-scale investments needed to fight climate change. President Joe Biden has been trying to encourage energy producers to slash emissions using technologies like carbon capture and green hydrogen that are expensive …
Exxon, Chevron CEOs Seek Clear Rules on U..S Clean Energy Subsidies Read More »
Canadian First Nation Rejects Obsidian Energy Drilling Expansion Plans
Canada’s Woodland Cree First Nation has rejected oil and gas producer Obsidian Energy’s proposal to expand drilling operations on its traditional territory, the Indigenous community said in a statement on Monday. WHY IT’S IMPORTANT The formal notice that Woodland Cree’s chief and council have rejected Obsidian’s drilling plans mark a further breakdown in relations, after …
Canadian First Nation Rejects Obsidian Energy Drilling Expansion Plans Read More »