LONDON -Oil prices rose on Friday, and were on track for a fifth consecutive weekly gain on expectations demand growth will outstrip supply and OPEC+ producers will be cautious in returning more supply to the market from August.
Brent …
HOUSTON – June 24, 2021 – Avitas, a Baker Hughes business, has been awarded a contract from renewable energy operator Roeslein Alternative Energy (RAE) to provide continuous methane emissions monitoring at its 22 biogas lagoons in Missouri. …
EnerCom, Inc. published a preliminary list of participating companies for The Oil and Gas Conference today. We are adding to the list daily and hope that you will be able to attend this year.
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WASHINGTON/MADRID/BOSTON – Power company executives argued during a global energy conference this week that natural gas will have a long-lasting role in the transition to a climate-friendly global economy, even as environmental groups, progressive politicians, and intergovernmental organizations contend …
DUBAI – The value of Saudi Arabia’s oil exports in April climbed 109% to 51.7 billion riyals ($13.79 billion) from a year earlier while non-oil exports rose by 46.3%, official data showed on Thursday.
Oil exports made up 72.5% …
LONDON – A Dutch activist group that won a legal battle against Royal Dutch Shell RDSa.L over its climate strategy has urged the company to ditch its appeal and hold joint talks on how to reduce its emissions, according …
Oil prices dipped on Thursday but still held close to their highest in almost three years, supported by drawdowns in U.S. inventories and accelerating German economic activity.
Doubts about the future of the 2015 Iran nuclear deal that
U.S. oil major Chevron Corp CVX.N has no plans to shrink its oil and gas business for wind and solar energy unlike some rivals, Chief Financial Officer Pierre Breber said on Thursday, amid pressure from shareholders to lower carbon …
EnerCom, Inc. published a preliminary list of participating companies for The Oil and Gas Conference today. We are adding to the list daily and hope that you will be able to attend this year.
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DUBAI – Saudi Arabian oil giant Aramco 2222.SE has secured a one-year extension to a $10 billion loan it raised last year, negotiating improved terms in the process, three sources told Reuters.
Aramco has borrowed tens of billions of …
U.S. President Joe Biden’s target to decarbonize the nation’s power industry by 2035 will only be achievable if clean energy technologies like advanced nuclear and carbon capture rapidly become commercially viable, according the chief executive of leading U.S. utility …
U.S. energy company executives polled by the Federal Reserve Bank of Dallas have an optimistic outlook driven by upticks in activity and a jump in oil prices, according to a survey released on Wednesday.
Oil and gas producers …
Iran said on Wednesday the United States had agreed to remove all sanctions on Iran’s oil and shipping, although Germany cautioned that major issues remained at talks between Tehran and world powers to revive a 2015 nuclear deal.
The …
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 7.6 million barrels from the previous week. At 459.1 million barrels, U.S. crude oil …
EnerCom, Inc. published a preliminary list of participating companies for The Oil and Gas Conference today. We are adding to the list daily and hope that you will be able to attend this year.
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Publisher’s Note: Talos Energy will be presenting at EnerCom’s The Oil & Gas Conference on August 16, 2021.
HOUSTON, June 22, 2021 /PRNewswire/ — Talos Energy Inc. (“Talos” or the “Company”) (NYSE: TALO) today announced the completion of amendments to …
DUBAI, United Arab Emirates — Iranian President-elect Ebrahim Raisi gave his first press conference since the country’s election, saying Monday his priorities would be to improve ties with regional neighbors and revive the 2015 nuclear deal — and at …
LONDON/HANOI – Buoyed by powerful demand expectations as the world moves away from reliance on fossil fuels, prices of many industrial metals rocketed, but future price rises are likely to be limited to a select few energy transition ingredients.…
LONDON – Benchmark oil prices could hit $100 a barrel and price volatility could also grow due to lower investments and the energy transition, the heads of top energy companies said on Tuesday.
“There is quite a chance to …
LONDON – Hedge funds have rarely been more bullish about the outlook for oil in the last three years, even as prices have climbed to levels that have induced a strong response from producers in the past.
Hedge funds …
TOKYO – Crude oil prices steadied on Tuesday after Brent rose above $75 a barrel for the first time since April 2019, with prices underpinned by a strong demand outlook and as OPEC+ begins discussions on raising oil production.…
EnerCom, Inc. published a preliminary list of participating companies for The Oil and Gas Conference today. We are adding to the list daily and hope that you will be able to attend this year.
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U.S. energy firms this week added oil and natural gas rigs for a second week in a row as crude prices rose to their highest since 2018, prompting some drillers to return to the wellpad.
The oil and gas …
Commodity merchants and investment firms such as Citadel, Gunvor and Trafigura are bolstering U.S. teams that specialize in trading renewable fuels as demand soars, according to people familiar with the matter.
Many trading firms already have an established presence …
COPENHAGEN – The world’s largest offshore wind developer Orsted ORSTED.CO is concerned that Big Oil’s eagerness to harness wind at sea could push up prices for seabed leases, making the technology less competitive, its chief executive told Reuters.
European …
BofA Global Research raised its Brent crude price forecasts for this year and next, saying that tighter oil supply and demand balances in 2022 could push oil briefly to $100 per barrel.
“We believe that the robust global oil …
Countries in the oil-exporting Gulf will remain heavily dependent on hydrocarbon production for at least the next 10 years as efforts to diversify economies have made limited progress since the 2014-15 oil price shock, Moody’s said.
The rating …
Official tallies released Monday for Exxon Mobil Corp XOM.N‘s shareholder vote showed former MetLife Chairman Steven Kandarian taking the 12th seat, edging out the former Caterpillar chief who was originally named a director in preliminary results.
Douglas Oberhelman, …
