Monday, June 15, 2026
US has only one offshore wind energy farm, but a $70 billion market is on the way- oil and gas 360

US has only one offshore wind energy farm, but a $70 billion market is on the way

CNBC Just three years ago five giant wind turbines in the waters off Block Island, Rhode Island, started spinning 30 MW of electricity to that tiny community of about a thousand residents. While it remains the only offshore wind farm in the U.S., that’s about to dramatically change. According to the Department of Energy, offshore wind has the potential to

Oil gains on U.S.-China deal, but IEA forecast pressures prices- oil and gas 360

Oil gains on U.S.-China deal, but IEA forecast pressures prices

Reuters LONDON/TOKYO – Oil rose on Thursday as the long-awaited Phase 1 trade deal between the United States and China brought some relief to markets, but the gains were capped after the International Energy Agency said it expected oil production to outpace demand. Brent LCOc1 was up 50 cents, or 0.8%, to $64.50 a barrel by 1449 GMT, and West

A sector in disarray': Oil majors live beyond their means on investor payouts, study finds- oil and gas 360

A sector in disarray’: Oil majors live beyond their means on investor payouts, study finds

Houston Chronicle The largest oil and gas companies for years have lived beyond their means and paid more money to investors than they can reasonably afford, according to a new report. The study from the Cleveland-based Institute for Energy Economics and Financial Analysis found that the five largest Big Oil majors — Exxon Mobil, Chevron, Royal Dutch Shell, BP and

Weekly Gas Storage: Inventories decrease by 109 Bcf

Natural Gas Inventories as of January 10, 2020 The EIA has released its natural gas inventory report, showing a net decrease of 109 Bcf as of January 10, 2020. Working gas in storage was 3,039 Bcf as of Friday, January 10, 2020, according to EIA estimates. This represents a net decrease of 109 Bcf from the previous week. Stocks were