By Tyler Losier, Energy Reporter, Oil & Gas 360 Secretary of State Mike Pompeo announces sanctions for Zhuhai Zhenrong and its chief executive The United States government will be imposing sanctions on Zhuhai Zhenrong Company Limited, a state-run oil company in China, and its chief executive for purchasing crude oil from Iran. On Monday, Secretary of State Mike Pompeo announced
Compiled by Tyler Losier, Energy Reporter, Oil & Gas 360 Canadian numbers up by one This week’s Baker Hughes rig count shows that U.S. numbers declined by four, resulting in the total count falling to 954. Compared to this time last year, numbers are down 92. Canada is up compared to last week with a total count of 118, representing
Compiled by Tyler Losier, Energy Reporter, Oil & Gas 360 Canadian numbers down by three This week’s Baker Hughes rig count shows that U.S. numbers declined by five, resulting in the total count falling to 958. Compared to this time last year, numbers are down 96. Canada is also down compared to last week with a total count of 117,
The Edgartown conservation commission, in a 5-1 vote, has denied a permit for cables that would pass through the Muskeget Channel. Vineyard Wind proposed to bury two 400 megawatt export cables one mile off Chappaquiddick from its proposed wind farm 15 miles south of Martha’s Vineyard to a site in Barnstable. The cables had been approved by the Martha’s Vineyard
From China Daily While China needs more natural gas to meet its surging demand for clean fuel, a lack of storage capacity is making it difficult for the country to cope with supply crunches in winter months when demand surges to heat homes. China, the world’s biggest energy user, needs underground gas storage facilities to address the imbalance created by
By Tyler Losier, Energy Reporter, Oil & Gas 360 The United States has been a net exporter of natural gas since 2017 In the United States, natural gas is one of the most prevalent sources of energy, and according to the EIA, in 2018, 90% of the natural gas consumed by Americans was produced domestically. In general, thanks to the
Ecuadorian Plaintiffs End Fraudulent Litigation Against Chevron
Compiled by Tyler Losier, Energy Reporter, Oil & Gas 360 Canadian numbers also down by four This week’s Baker Hughes rig count shows that U.S. numbers declined by four, resulting in the total count falling to 963. Compared to this time last year, numbers are down 89. Canada is also down compared to last week with a total count of
Boeing-Airbus subsidy dispute heats up From the AJOT The U.S. added new products from the European Union to potentially target with retaliatory tariffs in a long-running trans-Atlantic subsidy dispute between Boeing Co. and Airbus SE. The U.S. Trade Representative’s office on Monday published a list of $4 billion worth of EU goods they could hit with duties as retaliation for
By Tyler Losier, Energy Reporter, Oil & Gas 360 Canadian numbers up five This week’s Baker Hughes rig count shows that U.S. numbers stayed static, resulting in the total remaining at 967. Compared to this time last year, however, numbers are down 80. Canada, on the other hand, is up compared to last week with a total count of 124,
By Tyler Losier, Energy Reporter, Oil & Gas 360 Renewables edge out coal for the first time in U.S. history This April, for the first time in U.S. history, monthly electricity generation from renewable sources exceeded that of coal-fired means, according to the EIA. More precisely, coal was responsible for about 20% of the nation’s electricity, whereas renewables such as
From The Houston Chronicle Saudi Arabian Oil Co. has the experience and infrastructure it needs to keep crude flowing should supply through the Strait of Hormuz be disrupted, according to the chief executive officer of the state-run producer. “We are increasing our readiness,” Amin Nasser said in an interview in Seoul on Tuesday. “We can supply through the Red Sea
