(Oil & Gas 360) – Apparently looking not to be outdone by two U.S. senators urging legislation to prioritize five critical minerals, Arizona Senator Kyrsten Sinema and Utah Senator Mike Lee introduced the Critical Mineral Consistency Act in the U.S. Senate to streamline permitting for critical mineral mining projects with a particular focus on copper. Arizona and Utah are the
(World Oil) – The head of Liberty Energy Inc., the world’s second-largest fracing services company, has gained prominent endorsements as a potential pick for Donald Trump’s energy secretary. While Chris Wright has no Washington experience, he’s made a name for himself as a vocal proponent of fossil fuels, touting their ability to raise living standards with cheap energy, while downplaying
(Oil Price) – European oil and gas supermajors BP, Equinor, Shell, and TotalEnergies are committing a joint investment of $500 million to help ensure access to affordable, reliable, sustainable, and modern energy for all. The joint investment commitment is part of the energy majors’ efforts to support promising, high-impact projects, primarily in Sub-Saharan Africa, South, and Southeast Asia. These projects are aimed at
The Oil and Gas Decarbonisation Congress (DECARBON) unites decision makers to share their viewpoints and companies experience on using advanced tools to decarbonise the industry operations. Predictive
(Investing) – Crude prices have traded lower Friday, on course for a negative week, as demand concerns and a stronger US dollar weighed on investor sentiment. But UBS cuts its 2025 Brent forecast, but sees room to recover from current levels. By 07:20 ET (11:20 GMT), the U.S. crude futures (WTI) dropped 1% to $68.03 a barrel, while the Brent contract fell 0.9% to
This week’s Baker Hughes Rig Count shows that the U.S. had a decrease of 1 over last week, resulting in a total count of 584 rigs. Canada had a decrease of 7 over last week, resulting in a total Canadian count of 200 rigs. Breakdown by region Of the regions tracked by Baker Hughes, only the Marcellus region experienced an
(Oil Price) – The UK’s energy regulator Ofgem on Friday awarded a $2.5 billion (£2 billion) funding package for a subsea and underground cable between Scotland and northern England that would give North Sea wind farms additional access to the grid. Eastern Green Link 1 (EGL1) will be a high voltage electricity superhighway able to transport 2 gigawatts (GW) of UK wind-generated electricity
(Investing) – HOUSTON – Oil prices slipped on Friday and were bound for a weekly loss as investors digested waning Chinese demand and a possible slowing of the U.S. Federal Reserve’s interest rate cut path. Brent crude futures dropped 71 cents, or 0.98%, to $71.85 a barrel by 10:32 a.m. EDT. U.S. West Texas Intermediate crude futures were down 72 cents, or
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