Goldman Sachs expects OPEC to not let oil prices slide too much below $80 per barrel next year and use its pricing power to keep them in the $80-$100 range, the bank said in a note this week, …
BERLIN/LONDON – BP is seeking partners for offshore wind projects in Japan and may invest in hydrogen technology companies to tackle inflation and equipment bottlenecks that have battered the renewables sector.
The oil major plans to expand in …
Oil prices rose on Friday, a day after sinking 5% to a four month-low on growing worries about burgeoning non-OPEC supply and cooling demand. The West Texas Intermediate contract for December rose $2.21, or 3.03%, to $75.11 per barrel, …
As green hydrogen becomes an ever more important clean energy source, governments and energy companies must prepare for a steep incline in production in the coming years and ensure they have the correct infrastructure to transport it. Some …
(WO) — WhiteHawk Energy LLC has announced the acquisition of additional Marcellus Shale natural gas mineral and royalty assets for a total purchase price of $54 million. The acquisition increases WhiteHawk’s mineral and royalty ownership in its existing …
(Bloomberg) — OPEC is seeking to expand its legal team as the oil producer group prepares for challenges posed by the global shift away from fossil fuels. The Organization of Petroleum Exporting Countries wants to hire a new …
Carbon capture, utilization, and storage (CCUS) could play a vital role in the decarbonization of some industries but carbon removals cannot be used by oil and gas firms while they continue to pump fossil fuels as usual, a …
(Bloomberg) — A federal appeals court ordered the Biden administration to sell drilling rights in the Gulf of Mexico within 37 days, a defeat for environmentalists who argued oil leasing and development in the region imperil a critically …
France’s new regulation, which will not allow funds invested in fossil fuel companies with new development plans to use a national ESG label, could result in forced divestments of $7.6 billion (7 billion euros) of oil and gas …
The EIA has released its natural gas inventory report, showing a net increase of 60 Bcf as of November 10, 2023.
Working gas in storage was 3,833 Bcf as of Friday, November …
Publisher's Note: Dan Genovese with EnerCom spoke with Anthony Diab and Chris Williams – Co-Founders and Directors with Skeltek/ Rheopectic to discuss Namibia’s oil boom that has attracted international oil giants, including TotalEnergies, GALP, Shell, QatarEnergy, Chevron and ExxonMobil in
U.S. developers building renewable energy projects and power storage for grids are scrambling to procure critical components, leading to rising costs and project delays. Supply chain problems have tightened supply of high-voltage transformers necessary to connect wind and solar …
(WO) — The American Petroleum Institute (API) released the following statement from Senior Vice President and General Counsel Ryan Meyers in response to the preliminary injunction upheld by the U.S. Court of Appeals for the Fifth Circuit.
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U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 3.6 million barrels from the previous week. At 439.4 million barrels, U.S. crude …
Chevron’s deal to buy Hess HES.N will unlock $15 billion worth of tax benefits that had once been relegated to the accounting dustbin, as the combined company takes advantage of Hess’s past losses to cut future payments, according …
(Bloomberg) – Oil production from the Permian basin will expand in November and December, marking the region’s longest run of monthly gains in two years. The world’s most productive shale patch is expected to pump a record 5.98 …
Goldman Sachs expects increased returns on commodities over the next 12 months, buoyed by higher spot prices amid easing monetary policy and recession fears while the asset class also strengthens on hedging against geopolitical supply risks.
The bank has …
(WO) – Mach Natural Resources LP signed an agreement with Paloma Partners IV, LLC, to acquire certain interests in oil and gas properties, rights and related assets located in Oklahoma for a total cash consideration of $815 million. …
HOUSTON – Exxon Mobil said on Monday it plans to start producing lithium from subsurface wells by 2027 to provide supplies of the key metal used in electric-car batteries and advanced electronics.
Oil majors are investing in the …
LONDON – Oil prices firmed on Tuesday after the International Energy Agency (IEA) raised its demand growth forecasts, adding to bullish sentiment from the previous day’s OPEC guidance, while U.S. data showed inflation in the world’s biggest economy was …
Powder River Basin RNG and carbon sequestration project is expected to contribute an aggregate $631 million to Wyoming’s GDP over 20 years
DENVER, Colorado and GILLETTE, Wyoming – November 13, 2023 – Cowboy Clean Fuels, LLC …
The world faces the highest geopolitical risks since the 1973 oil embargo, the chief executive of one of the largest oilfield service providers, Baker Hughes, told the Financial Times. “From a historical context I’ve heard people say, …
~ Strategic Initiatives Executed in Q3 Further Position Empire for Long-Term Success ~
~ Continuing to Make Significant Progress on Starbuck Drilling Program ~
TULSA, Okla. – mpire Petroleum (NYSE American: EP) (“Empire” or the “Company”),
(WO) – Exxon Mobil Corporation announced that Dina Powell McCormick will join its board of directors, effective Jan. 1. Ms. Powell McCormick is currently Vice Chairman, President and Global Head of Client Services at BDT & MSD Partners, …
OPEC’s crude oil production rose in October by 80,000 barrels per day (bpd) compared to September, but the output at the countries bound by the OPEC+ pact continued to be well below the levels agreed, OPEC said on …
(Bloomberg) – Israel’s natural gas flows to Egypt have increased as much as 60% this month, according to a person familiar with Egyptian imports, as safety concerns from the war with Hamas eases and a major natural gas …
Latin America is poised to play an increasingly important role in the global transition to cleaner energy sources, the International Energy Agency (IEA) said on Wednesday in its first-ever energy outlook on the region.
Latin America and the …
Oil prices remained under pressure on Wednesday after sliding to their lowest in more than three months in the previous session, slipping further on concern over waning demand in the United States and China.
Brent crude futures dipped 8 …
