TGS Gaining Ground on Subsurface Insights in the Permian
TGS released the Dynamic Matching FWI volume for the West Kermit 3D seismic survey, which spans 1,054 sq km across the Delaware Basin in Loving and Winkler counties, Texas.
Brewing Hydrogen: Cemvita’s Gold H2 Targets Commercialization
Under the right conditions, depleted oil reservoirs can be transformed into hydrogen producers, or subsurface biorefineries, Gold H2 CEO says.
U.S. Oil Refiners’ Weekly Capacity Seen Down 21,000 Bpd, IIR Says
U.S. oil refiners are expected to have about 118,000 barrels per day (bpd) of capacity offline in the week ending June 21, decreasing available refining capacity by 21,000 bpd, research company IIR Energy said on Wednesday. Offline capacity is expected to fall to 85,000 bpd in the week ending June 28, IIR added. The following …
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No Future U.S. Government Can Prevent Iran Oil Exports, Minister Says
Iranian oil exports will continue regardless of who is elected as the next U.S. president, Iranian Oil Minister Javad Owji said on Wednesday, amid concerns that a Donald Trump presidency could curb Iranian crude sales. “Whatever government comes to power in the United States will not be able to prevent Iranian oil exports,” Owji said …
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The Key States Driving the U.S. Solar Power Boom
LITTLETON, Colorado, June 19 (Reuters) – California has long been the dominant player in the U.S. solar sector, but its share of national solar electricity output has fallen from 100% in 2003 to under 30% last year, data from the U.S. Energy Information Administration (EIA) shows. That rapid drop in California’s solar power share reveals …
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U.S. Unveils Rules for Subsidies to Boost Clean Energy Wages
(Reuters) – President Joe Biden’s administration on Tuesday unveiled final rules for new clean energy subsidies in an effort to make jobs and wages in green industries competitive with those in oil and gas. The guidelines for companies seeking to claim tax credits tied to job quality are aimed at delivering on Biden’s vision that …
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U.S. Senate Passes Bill to Support Advanced Nuclear Energy Deployment
(Reuters) – The U.S. Senate on Tuesday passed a bill to accelerate the deployment of nuclear energy capacity, including by speeding permitting and creating new incentives for advanced nuclear reactor technologies. Expanding nuclear power has broad bipartisan support, with Democrats seeing it as critical to decarbonizing the power sector to fight climate change and Republicans …
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Oil Steady Amid U.S. Stock Build But Jitters Abound
Summary U.S. crude stocks rise, gasoline inventories fall Conflict in Europe, Middle East support oil prices (Reuters) – Oil prices were little changed on Wednesday, staying close to their highest levels in seven weeks as the market weighed concerns over escalating conflicts against demand worries following an unexpected rise in U.S. crude inventories. Brent crude …
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Phillips 66 Seeing Tightened Margins Following Trans Mountain Oil Pipeline Start-Up
U.S. refiner Phillips 66 said on Tuesday its margins have tightened after the expanded Trans Mountain pipeline project in Canada started up in May. The $24.84 billion expansion has nearly tripled the flow of crude from landlocked Alberta to Canada’s Pacific coast to 890,000 barrels per day (bpd). “We are still exporting Canadian crude from …
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U.S. Natgas Rises Over 4% on Hot Weather, Higher Demand Forecasts
U.S. natural gas futures rose more than 4% on Tuesday, helped by forecasts for warmer-than-usual weather and higher demand for the next week than previously expected. Meteorologists projected weather across the Lower 48 states would remain hotter than normal through at least July 3. Temperatures are expected to be above normal starting July across more …
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