Oil Slips as Gulf Production Resumes After Storm Francine

13 September 2024, 7:55pm
Oil prices slipped as producers resumed operations post-Storm Francine, but futures still posted a weekly gain, the first in a month, driven by risk-on sentiment and reduced bearish positions.
Read more... (source: www.rigzone.com)

NGIF Launches Contest for Firms Focused on Methane, CCUS, RNG

13 September 2024, 3:00pm

Read more... (source: www.rigzone.com)

Viper Energy to Acquire Assets from Tumbleweed

13 September 2024, 2:30pm
The acquisition price is $461.0 million of cash and approximately 10.1 million OpCo units.
Read more... (source: www.rigzone.com)

BlackRock Buys Stake in Saudi Bahrain Pipeline from Bapco Energies

13 September 2024, 2:30pm
SBPC owns a portion of the 69.6-mile (112-kilometer) pipeline supplying crude oil from Saudi Aramco to Bapco Refining, the national refinery of Bahrain.
Read more... (source: www.rigzone.com)

Libyan Oil Exports Drop Further as UN Fails to End Bank Impasse

13 September 2024, 2:30pm
Libya's crude exports continued to slump as UN-led talks failed to break an impasse over control of the country's central bank that has spilled over into its oil industry.
Read more... (source: www.rigzone.com)

Petrobras, Steelmaker Gerdau Eye Decarbonization Cooperation

13 September 2024, 10:37am
The two companies agreed to explore potential partnerships aligned with their diversification and decarbonization strategies.
Read more... (source: www.rigzone.com)

Texas LNG Nears FID with New Offtake Deal

13 September 2024, 10:36am
Texas LNG said it has now secured sufficient volume in offtake commitments needed for the FID.
Read more... (source: www.rigzone.com)

APA Offloads More Non-Core Assets

13 September 2024, 10:35am
'Our remaining Permian position has scale and balance in the unconventional Midland and Delaware Basins'.
Read more... (source: www.rigzone.com)

Solaris Oilfield Infrastructure Takes Over Mobile Energy Rentals

13 September 2024, 9:14am
The acquisition marks the well equipment provider's entry into the critical distributed power infrastructure solutions market.
Read more... (source: www.rigzone.com)

Investors Bet on Nuclear Energy Comeback

13 September 2024, 6:30am
Fund managers are betting that nuclear energy, an area traditionally off-bounds for investors with environmental mandates, is set to make a comeback.
Read more... (source: www.rigzone.com)

Europe Gas Futures Drop as Ukraine Transit Worries Ease for Now

13 September 2024, 6:30am
European gas futures dropped to the lowest since the end of July as concerns eased over near-term exports from Russia that travel across Ukraine.
Read more... (source: www.rigzone.com)

Aramco Closes in on More Downstream Acquisitions in China

13 September 2024, 6:30am
Aramco secured agreements with two Chinese refiners laying the groundwork for potential stake acquisitions that would expand the Saudis' downstream footprint in China.
Read more... (source: www.rigzone.com)

Mongolia's First $1.7B Refinery To Be Ready By March 2026

12 September 2024, 9:00pm
The upcoming refinery is the single largest line of credit project being funded by India across the world.
Read more... (source: www.rigzone.com)

Oil Rallies on GOM Output Disruptions and Easing Market Volatility

12 September 2024, 7:22pm
Oil prices rose for the second day as storm Francine disrupted Gulf of Mexico production, halting 670,000 barrels per day, while algorithm-driven traders paused recent selling, pushing WTI to $69 and Brent to $72.
Read more... (source: www.rigzone.com)

Enverus Releases List of Top Solar, Wind, Energy Storage Devs in Texas

12 September 2024, 3:29pm
'Storage, wind, solar, and carbon capture will be an important make up of Texas' power generation mix in the future'.
Read more... (source: www.rigzone.com)

Quantent Completes Initial Acquisition of Haynesville Gas Assets

12 September 2024, 1:55pm
The initial acquisition includes over 7,000 net acres located in North Louisiana.
Read more... (source: www.rigzone.com)

BMI Examines Trump and Harris Effects on USA Oil and Gas

12 September 2024, 1:51pm
BMI highlighted that its Country Risk Team has not yet made a call in the elections.
Read more... (source: www.rigzone.com)

Danish Firm Opens Philippine Office, Eyes Further Renewable Investments

12 September 2024, 1:24pm
'We were granted Wind Energy Service Contracts for a 2 GW [gigawatt] portfolio of offshore wind projects and 300 MW [megawatts] of onshore wind'.
Read more... (source: www.rigzone.com)

Alberta invests $2MM in Waste-to-Energy Carbon Capture Facility

12 September 2024, 1:16pm
'The study is an important first step to realizing a large-scale municipal waste-to-energy facility with carbon capture and storage'.
Read more... (source: www.rigzone.com)

Karoon, LLOG Begin Drilling at Who Dat South in GOM

12 September 2024, 1:07pm
The Who Dat South prospect is estimated to contain 31 million barrels of oil equivalent (MMboe) of gross unrisked Prospective 2U Resources.
Read more... (source: www.rigzone.com)

U.S. electric power sector explores hydrogen cofiring at natural gas-fired plants

12 September 2024, 12:00pm
Against a backdrop of policies aimed at reducing greenhouse gas emissions, operators of a handful of natural gas plants have taken early steps to integrate hydrogen into their fuel streams. Hydrogen alone does not create CO₂ emissions when combusted.
Read more... (source: www.eia.gov)

Hurricane Francine has taken energy infrastructure offline

12 September 2024, 9:00am
Hurricane Francine made landfall Wednesday on the Louisiana coast before being downgraded to a tropical storm, taking some energy infrastructure offline along the U.S. Gulf Coast from Louisiana through Alabama. Detailed information on energy infrastructure and storm risks is available and regularly updated in our U.S. Energy Atlas.
Read more... (source: www.eia.gov)

Retail electricity prices closely tracked inflation over the last 10 years

11 September 2024, 1:30pm
The change in average residential electricity prices across the United States has generally mirrored the rate of inflation over the past decade, increasing by less than 1% in inflation-adjusted terms between 2013 and 2023. Without adjusting for inflation, the average retail price of electricity for the residential sector increased from a little more than 12 cents per kilowatthour (kWh) in 2013 to 16 cents per kWh in 2023.
Read more... (source: www.eia.gov)

Natural gas pipeline capacity from the Permian Basin is set to increase

10 September 2024, 12:00pm
Natural gas pipeline takeaway capacity in the Permian Basin will soon increase as the Matterhorn Express Pipeline, with a capacity of 2.5 billion cubic feet per day (Bcf/d), is expected to begin service this month, according to EnLink Midstream, one of the project's stakeholders.
Read more... (source: www.eia.gov)

Trend toward electric utility rate increases in regulated markets continues in 2024

9 September 2024, 12:00pm
Utility regulators in the United States are considering increases to electricity rates again this year as electric utilities seek to cover the investments needed to maintain and expand their systems. Utilities requested rate increases in recent years to pay for improvements to transmission and distribution lines to withstand increasingly serious weather and fire events, prepare for increased electrification as state and federal clean energy legislation is implemented, and move more energy reliably, according to S&P Global Market Intelligence Capital IQ Pro.
Read more... (source: www.eia.gov)