Reuters U.S. shale oil firm EOG Resources on Friday said it aims to begin by late 2022 a carbon dioxide injection program to reduce greenhouse gases from its oil and gas production. The Houston, Texas-based energy producer emphasized it had no intention of changing its business focus, limiting the project to its own output, reducing so-called Scope 1 and Scope
World Oil LONDON (Bloomberg) –For U.S. President Joe Biden, the easy part was threatening a response. Now comes the tougher challenge of delivering one, or risk looking impotent in his struggle with the oil cartel. When last week Biden pressed OPEC+ to bring oil prices down with a large output hike, he warned of consequences if the cartel rejected his
World Oil HOUSTON (Bloomberg) –President Joe Biden should “back off” from domestic anti-oil policies if he wants to keep crude prices in check, according to one of America’s biggest shale drillers. “The President is realizing all the efforts when he came into office of stopping offshore leasing, stopping drilling on federal leases offshore, New Mexico, both in the Bakken and
World Oil SPRING, TX – Southwestern Energy Company announced that it has entered into a definitive agreement with the third largest private Haynesville producer – GEP Haynesville, LLC under which it will acquire GEP for approximately $1.85 billion. The transaction is expected to close by year-end 2021, subject to customary closing conditions. “This strategic move positions Southwestern as the
Reuters LONDON – Oil prices rose towards $81 a barrel on Friday after OPEC+ producers rebuffed a U.S. call to raise supply to cool the market, sticking to plans for a gradual increase in output after cuts made in the face of the coronavirus crisis. Brent crude rose 36 cents, or 0.45%, to $80.90 a barrel by 1358 GMT. U.S.
World Oil HOUSTON – Halliburton Company released DS365.ai cloud service to help customers accelerate their digital transformation with intelligent automation. DS365.ai delivers industry specific artificial intelligence (AI) and machine learning (ML) models to enhance productivity, operational efficiency, and increase asset value. DS365.ai runs on the OSDU™ Data Platform and uses the interoperable and scalable architecture of iEnergy® Cloud. This allows
CNBC The world wants to “transition” away from fossil fuels toward green energy, but the difficult reality is this: Dirty fuels are not going away — or even declining — anytime soon. The total amount of renewable energy that’s available is growing. That’s good news for a world threatened by potentially devastating climate change. But the increase in renewable energy
World Oil (Bloomberg) –OPEC and its allies will stick to their slow pace of oil-production increases, disregarding U.S. President Joe Biden’s demand to go faster. After a brief meeting on Thursday, the group approved a 400,000 barrel-a-day production hike for December, delegates said. That’s a pace that major consumers say is too slow to sustain the post-Covid economic recovery, with
World Oil MOSCOW (Bloomberg) – European natural gas futures jumped, extending their rebound from last week’s slump, as shipments from Russia fell. Source: Reuters While Europe’s biggest supplier has promised additional volumes starting next week, gas flows to the region declined over the weekend and again on Monday. Shipments via a key transit route to Poland stopped, with the country
Reuters Nov 4 – Canadian Natural Resources Ltd (CNQ.TO) reported a third-quarter profit on Thursday that beat analysts’ estimates, helped by a recovery in oil demand and higher output, and the company said it would increase its dividend. The company, which remained on track to meet its full- year 2021 capital investment target of about $3.48 billion, said the
Reuters LONDON, Nov 4 – Oil prices rose more than $2 on Thursday, lifted by expectations that OPEC and its allies will stick to slow output increases despite calls from the United States and large importers for additional supply to cool the market. Brent crude was up $2.15, or 2.6%, at $84.14 a barrel by 1338 GMT and U.S.
Nasdaq LONDON, Nov 4 – OPEC and its allies are likely to stick to plans to raise oil output by 400,000 barrels per day (bpd) at an OPEC+ meeting on Thursday, sources said, despite calls from the United States for extra supply to cool rising prices. Top OPEC producer Saudi Arabia has already dismissed calls for more oil supplies from
