A pump jack operates in front of a drilling rig at sunset in an oil field in Midland, Texas U.S. August 22, 2018. REUTERS/Nick Oxford/File Photo July 23 (Reuters) – U.S. energy firms added oil and natural gas rigs for a fourth week in a row for the first time since May, spurred by higher … Read more
Jul 22, 202 (Bloomberg) Chancellor Angela Merkel called a fresh agreement with President Joe Biden over the Nord Stream 2 gas connection a “good step” even if it leaves lingering transatlantic tension over how to respond to Russia. Less than a week after Merkel’s Washington visit for talks with Biden, the U.S. and Germany sealed an agreement on … Read more
Jul 23, 2021 (Bloomberg) Offshore wind farm developers are finding one more thing in common with the fossil fuel industry: community backlash on both sides of the Atlantic.Much like the resistance to fracking in parts of the U.S. and the U.K., oceanfront towns have fought against power lines running ashore from wind farms, even as the massive turbines … Read more
Jul 22, 2021 (Bloomberg) India’s biggest oil refiner says fossil fuels will continue to be key part of the nation’s energy mix as it embarks on a $13 billion expansion.Indian Oil Corp. plans to increase its crude processing capacity by a third over the next five years to increase production of gasoline and diesel, along with petrochemicals, Chairman … Read more
(Bloomberg) —Oil squeezed out its first weekly gain in three on signs that global demand is holding up despite concerns that the renewed spread of the virus could stall the recovery. Futures in New York rose 0.2% this week, completely recouping a selloff on Monday that was stoked by the rapidly spreading delta variant. Fuel … Read more
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Summary Imports may stay flat or increase by up to 2% in 2021 – analysts Limited import quotas, high crude prices cap demand SINGAPORE, July 23 (Reuters) – Beijing’s crackdown on the misuse of import quotas combined with the impact of high crude prices could see China’s growth in oil imports sink to the lowest … Read more
Reuters July 22 (Reuters) – The U.S. Department of Transportation’s pipeline regulator on Thursday put the operator of the Dakota Access Pipeline (DAPL), Energy Transfer LP (ET.N), on notice for probable violations of safety regulations and proposed a civil penalty against it. The U.S. Pipeline and Hazardous Materials Safety Administration (PHMSA) notice listed probable violations ranging from the … Read more
John Kemp LONDON, July 22 (Reuters) – U.S. natural gas prices have surged to multi-year highs which will conserve scarce stocks, encourage more gas-focused drilling and promote a temporary switch back towards coal-fired generation this summer. Front-month futures prices for gas delivered at Henry Hub climbed to over $3.95 per million British thermal units on … Read more
The logo of the Nord Stream 2 gas pipeline project is seen on a pipe at the Chelyabinsk pipe rolling plant in Chelyabinsk, Russia, February 26, 2020. REUTERS/Maxim Shemetov/File Photo MOSCOW, July 22 (Reuters) – The Kremlin said on Thursday it disagreed with some statements in an agreement between the United States and Germany on … Read more
Chevron Corp’s refinery is seen in Richmond, California, U.S. on August 7, 2012. REUTERS/Robert Galbraith/File Photo NEW YORK, July 21 (Reuters) – Northern California regulators on Wednesday directed two of the state’s largest oil refineries to slash their fine particulate air pollution, which will require costly modifications at the plants. The 19-3 vote by the … Read more
Jul 21, 2021 (Bloomberg Markets) The Boeing 767 banked over the Red Sea, turning east into Saudi Arabia. A commercial version of the plane can carry about 260 passengers. Inside this one, Saudi Energy Minister Prince Abdulaziz bin Salman and a dozen or so aides were heading home from a tumultuous meeting at OPEC’s headquarters in Vienna … Read more
Jul 22, 2021 (Bloomberg) Oil edged higher, holding the biggest gain in three months, amid expectations that recovering demand will soon tighten global markets. West Texas Intermediate futures pushed further above $70 a barrel, and have now recouped much of Monday’s 7.5% collapse. Gasoline use is essentially back to normal in many of the biggest oil-consuming … Read more
WASHINGTON, July 21 (Reuters) – The United States and Germany on Wednesday unveiled an agreement on the Nord Stream 2 gas pipeline under which Berlin pledged to respond to any attempt by Russia to use energy as a weapon against Ukraine and other Central and Eastern European countries. The pact aims to mitigate what critics … Read more
PG&E works on power lines to repair damage caused by the Camp Fire in Paradise, California, U.S. November 21, 2018. REUTERS/Elijah Nouvelage/File Photo July 21 (Reuters) – California power company Pacific Gas and Electric (PCG.N) said on Wednesday it would bury 10,000 miles of power lines in high-risk fire zones as a safety measure after its equipment … Read more
Jul 21, 2021 (Bloomberg) U.S. climate envoy John Kerry called on China to step up its efforts to reduce carbon emissions, or put the world at risk of missing international targets.Without sufficient curbs by the world’s biggest producer of greenhouse gases, limiting global warming to 1.5 degrees Celsius is “essentially impossible,” Kerry said during a speech … Read more
Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020. REUTERS/Drone Base/File Photo July 21 (Reuters) – U.S. crude oil stockpiles rose last week, breaking a streak of eight weeks of declines, as imports surgedto their highest in a year, the Energy Information … Read more
(Bloomberg) For all the lives lost and economic damage done by the coronavirus pandemic, it’s also managed to hurt efforts to combat climate change.Corporate demand for clean electricity is declining for the first time because more employees are working from home than ever before. This is most notable for companies in the RE100, which have all pledged to offset … Read more
John Kem LONDON, July 20 (Reuters) – Coal-fired power plants are proving hard to shutdown in developing economies because they are cheap and convenient, but keeping them going is pumping out carbon dioxide at a rate far beyond the level needed to achieve net zero emissions by 2050. Coal, which is being phased out of … Read more
July 21 (Reuters) – Oilfield services provider Baker Hughes Co (BKR.N) said on Wednesday its adjusted profit fell 9% in the second quarter from the previous three months and it missed Wall Street estimates for earnings, as crude producers kept a tight lid on spending. While oil demand has rebounded from the pandemic lows seen last year, … Read more
Jul 21, 2021 (Bloomberg) Japan is set to make dramatic changes to how it generates electricity by the end of the decade, slashing its dependence on fossil fuels and upping its reliance on renewable energy in an ambitious effort to reduce emissions.Renewable energy, which includes solar, wind and hydropower, should make up more than a third … Read more
Jul 21, 2021 (Bloomberg) Oil rose in tandem with European equities, recouping some of the week’s earlier losses amid speculation that global markets will eventually tighten.West Texas Intermediate crude added 1.8%, rebounding for a second day after fears over the spread of the Covid-19 delta variant triggered a price collapse on Monday. Despite the virus’ threat to … Read more
Jul 20, 2021 (Bloomberg) Duke Energy Corp. chief financial officer Steve Young is pushing back against calls from Elliott Investment Management for the utility owner to revamp its leadership.The New York-based hedge fund criticized Duke’s leadership and shareholder returns in a letter Monday, asserting that the company has rewarded poor management with additional compensation and other perks, notably … Read more
Jul 20, 2021 (Bloomberg) For the first time in seven years, Halliburton Co., the biggest provider of fracking services, is expanding in both U.S. and foreign markets as spending recovers in the global energy industry. “The economy feels more than 2% shut in, so the demand growth is there,” Chief Executive Officer Jeff Miller said Tuesday in an … Read more
Jul 20, 2021 (Bloomberg) BHP Group is considering getting out of oil and gas in a multibillion-dollar exit that would accelerate its retreat from fossil fuels, according to people familiar with the matter. The world’s biggest miner is reviewing its petroleum business and considering options including a trade sale, said the people, who asked not to … Read more
July 21, 2021 Lead, South Dakota, July 21, 2021 (GLOBE NEWSWIRE) — Dakota Territory Resource Corp (OTCQB: DTRC) (“Dakota Territory” or the “Company”) is pleased to announce that it has closed on substantially all of its previously announced non-brokered private placement (the “Private Placement”). Under the Private Placement the Company issued an aggregate of 11,036,389 shares of … Read more
July 21, 2021 INDIANAPOLIS, July 21, 2021 (GLOBE NEWSWIRE) — Infrastructure and Energy Alternatives, Inc. (NASDAQ: IEA) (“IEA” or the “Company”), a leading infrastructure construction company with renewable energy and specialty civil expertise, today announced that the Company has been awarded the Panorama Wind Farm contract. Leeward Renewable Energy, a leading renewable energy company and … Read more
Global Energy Show – Katherine Moshonas Cole, President of X-energy Canada discusses the future of the nuclear industry in Canada, enabling the deployment of high-temperature gas reactors and how nuclear power fits within the energy transition. Katherine Moshonas Cole: “The future needs nuclear power. We need nuclear power, and we need it to be deployable … Read more
Insight Analytical Solutions is a customer focused Calgary, Alberta based systems integrator and distributor of analytical equipment, technology and expertise to the oil and gas industry. Insight’s team of process analyzer experts have decades of combined experience in custom integration projects and sample system design. Our integrated sample handling and fabrication capabilities have been applied to … Read more
See More from ENERGYminute HERE By Michelle Heath and Aaron Foyer Global Electricity Series: Wealth and Infrastructure | What Powers Every Nation? | Changes in Access to Electricity
July 19 (Reuters) – Exxon Mobil Corp’s(XOM.N) new chief financial officer Kathyrn Mikells is the first woman and external hire to join the oil major’s management committee, as energy firms search to diversify their workforce in response to investor pressure. Exxon has faced pressure from investors to shake up its leadership in the executive suite … Read more
LONDON, July 20 (Reuters) – Royal Dutch Shell (RDSa.L) on Tuesday confirmed it will appeal a Dutch court ruling ordering the energy company to accelerate its carbon emission reduction target. Shell had previously said it will appeal the May 26 ruling ordering it to reduce greenhouse gas emissions by 45% by 2030 from 2019 levels, significantly … Read more
The logo of the Nord Stream 2 gas pipeline project is seen on a pipe at the Chelyabinsk pipe rolling plant in Chelyabinsk, Russia, February 26, 2020. REUTERS/Maxim Shemetov/File Photo WASHINGTON, July 19 (Reuters) – The United States and Germany are expected to announce in coming days a deal resolving their long-standing dispute over Russia’s … Read more
July 19 (Reuters) – The U.S. energy sector lost 10% of its workforce last year due to the effects of the coronavirus pandemic, according to a report unveiled on Monday by U.S. government officials, who said President Joe Biden’s clean energy plan was critical to reviving the industry. The U.S. energy workforce, from fossil fuels … Read more
July 20 (Reuters) – Halliburton Co (HAL.N) on Tuesday reported a 33.5% jump in second-quarter profit from the previous three months, as a rebound in crude prices from pandemic lows buoyed demand for oilfield services. Global crude prices climbed 18.2% in the quarter ended June 30 and are up about 37% since the start of the … Read more
GASTON COUNTY, N.C., July 20 (Reuters) – In its quest to build one of the largest lithium mines in the United States, Piedmont Lithium Inc (PLL.O) has overlooked one crucial constituency: its North Carolina neighbors. Piedmont last autumn signed a deal to supply U.S. electric automaker Tesla Inc (TSLA.O) with lithium sourced from its deposits in North Carolina, sending the … Read more
Jul 20, 2021 (Bloomberg) The world’s biggest oil and gas companies are more likely to talk to Wall Street about emissions than how their businesses might grow. That, at least, is according to a Bloomberg analysis of conference calls for the world’s 25 biggest fossil fuel producers including Exxon Mobil Corp. and Gazprom PJSC. The data … Read more
Jul 20, 2021 (Bloomberg) Brent oil steadied after a coronavirus-driven washout on Monday that saw prices tumble to an eight-week low.Futures in London held near $69 a barrel after plunging 6.8% on Monday amid a broader market rout. The fast-spreading delta variant of Covid-19 has led to a surge in virus cases and renewed restrictions as it sweeps … Read more
DyCat Solutions offers a series of online training workshops to teach you how to implement modularization on your project! Online Training Courses: The future execution strategy for heavy industrial projects is moving towards maximizing the implementation of modularization (offsite construction) on all projects. However, there is limited knowledge in the industry on what needs to … Read more
LAUNCESTON, Australia (Reuters) – The OPEC+ deal to boost crude oil output from August was always the most likely outcome to the producer group’s earlier impasse, and it should be enough to end market talk of $100 a barrel oil, at least for now. OPEC+ ministers agreed on Sunday to boost production by 400,000 barrels … Read more
Jul 18, 2021 (Bloomberg) The world’s biggest project to capture and store carbon dioxide isn’t working like it should, highlighting the challenges oil companies face in tackling their greenhouse gas emissions. Chevron Corp.’s system at the $54 billion Gorgon liquefied natural gas export plant in Australia missed a local government target to inject captured carbon dioxide … Read more
Jul 19, 2021 (Bloomberg) OPEC and its allies struck a deal to inject more oil into the recovering global economy, overcoming an internal split that threatened the cartel’s control of the crude market.An unusually public dispute that tested the group’s unity was resolved in a classic compromise — with Saudi Arabia meeting the United Arab Emirates … Read more
Jul 19, 2021 (Bloomberg) Companies are buying carbon offsets like never before. They’re also facing unprecedented scrutiny over whether helping to fund green projects elsewhere really makes up for their heat-trapping emissions.The most common offsets are based on avoiding the release of additional carbon dioxide into the atmosphere, for example by preventing deforestation or supporting renewable energy … Read more
By Eric Lam and Sunil Jagtiani Jul 19, 2021 (Bloomberg) Investment strategists are starting to consider a new bearish scenario: the economy has already hit its speed limit. With the ferocious spread of Covid-19’s delta variant and central banks already talking about tighter monetary policy to bring inflation under control, there’s a growing sense of worry … Read more
Jul 19, 2021 (Bloomberg) Oil was the worst performing commodity after OPEC+ agreed to boost supply as a rising dollar and broader market selloff compounded pressure on the market. Futures in New York lost as much as 6.5% on Monday, the biggest decline since March. OPEC and its allies agreed to monthly supply hikes of 400,000 barrels a … Read more
“Cybersecurity: technologies, processes and practices designed to protect networks, computers, programs and data from attack, damage, or unauthorized access.” Today’s employees are connected to the Internet all day every day, communicating with colleagues and stakeholders, sharing critical information, and jumping from site to site. With hackings, data breaches and ransomware attacks on the rise, it … Read more
Hazardous material and chemical storage in an environmentally safe manner. With today’s stringent environmental overlook, harmful chemicals and materials should always be stored safely. The resulting environmental costs from a spill can be extremely expensive. Enviro-Pads’ Hazardous Material storage buildings are custom built to meet individual customer’s requirements. With custom options such as lighting, ventilation, … Read more
Sur-Flo’s unique paddle meter design is engineered so that wearing parts are out of the direct path of the fluid. This makes the SF1015 incredibly durable, even in gas breakout situations. For more information on the SF1015 Paddle Meter, visit: www.sur-flo.net/products/sf1015-paddle-meter or call our Sales Team at: (403) 207-9715.
There are several methods for handling waste gases at upstream oil and gas facilities, the most common being combustion. So, what are the differences between Flares, Incinerators and Enclosed Combustors? To help you make the best choice for your company we have broken down the differences and the pros and cons for each system. Flares … Read more
When was the last time you got to experience the process in which pipe is fabricated? If you are answering “I haven’t”, then let me walk you through this life cycle. This process begins when the RFP and PO has ended. This scope is limited to prefabricated carbon steel piping. Step 1 – Confirm IFC … Read more
MOSCOW, July 18 (Reuters) – Russian Deputy Prime Minister Alexander Novak said on Sunday that Russia will raise its oil output in the second half of the year thanks to the new deal agreed by the OPEC+ group of leading oil producing countries to increase their total production. Novak said Russia will start increasing oil … Read more
The headquarters of U.S. energy exporter and pipeline operator Kinder Morgan Inc. is seen in Houston, Texas, U.S. September 27, 2020. REUTERS/Gary McWilliams/File Photo July 16 (Reuters) – Pipeline operator Kinder Morgan Inc (KMI.N) said it would buy renewable natural gas developer Kinetrex Energy from an affiliate of Parallel49 Equity for $310 million, to expand into green … Read more
A pump jack operates in front of a drilling rig at sunset in an oil field in Midland, Texas U.S. August 22, 2018. REUTERS/Nick Oxford/File Photo July 16 (Reuters) – U.S. energy firms added oil and natural gas rigs for a third week in a row for the first time since May even though oil … Read more
See More from ENERGYminute HERE Just as things are starting to get back to normal, a new buzz word has arrived in energy-town called innovation, and it’s settling in for the long haul. Efforts to reduce global carbon emissions have prompted companies to find better ways of doing old tasks, particularly when it comes to … Read more
Icebergs are reflected in the calm waters at the mouth of the Jakobshavn ice fjord near Ilulissat, Greenland, May 15, 2007. REUTERS/Bob Strong COPENHAGEN, July 16 (Reuters) – Greenland has ended its 50-year ambition to become an oil producing nation after announcing it would suspend a strategy of searching for oil and would stop granting … Read more
Power lines are shown in California ahead of a heave wave in 2020, in Carlsbad, California, U.S., August 17, 2020. REUTERS/Mike Blake/File Photo WASHINGTON, July 14 (Reuters) – A U.S. Senate committee on Wednesday passed a bill on climate and energy initiatives that are expected to be debated as part of the wider bipartisan infrastructure … Read more
Summary German leader says Russia could face sanctions Germany, U.S. eye investments to boost Ukraine energy independence WASHINGTON, July 15 (Reuters) – President Joe Biden and German Chancellor Angela Merkel failed on Thursday to settle their dispute over Russia’s Nord Stream 2 natural gas pipeline but said they agreed that Moscow must not be allowed … Read more
Jul 16, 2021 (Bloomberg) The world needs the OPEC+ group to open the taps further to balance the oil market in the coming months, on that everyone agrees. But there’s less unanimity on just how much more crude they will have to pump.The International Energy Agency, the U.S. Energy Information Administration and the Organization of Petroleum Exporting Countries all say that global … Read more
Jul 16, 2021 (Bloomberg) Oil headed for the biggest weekly loss since mid-March as a resurgence of Covid-19 threatened the outlook for global fuel demand demand.Futures traded around $72 a barrel in New York, and are heading for a weekly decline of 3.5%. The fast-spreading delta variant is triggering renewed restrictions on movement as it sweeps across the … Read more
Carrollton, Texas, July 16, 2021 (GLOBE NEWSWIRE) — MDM Permian Inc. (OTC Pink: MDMP) continues to add acreage in the Southern Midland Basin and the Ft. Worth Basin, as WTI holds in the $75. per barrel range. MDM Permian, Inc. today announced the coming acquisition of up to 8 more wells in the Irion County … Read more
Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020. REUTERS/Drone Base/File Photo July 14 (Reuters) – U.S. crude oil stockpiles fell for the eighth straight week last week, as renewed vigor in the U.S. economy continues to drive higher fuel demand, the … Read more
Jul 15, 2021 (Bloomberg) Environmentalists are increasingly worried the Biden administration will yield in coming days to automaker pressure and adopt modest limits on greenhouse gas emissions from cars, instead of the strict standards they say are necessary to combat climate change.The requirements set to be proposed by the end of the month are the linchpin … Read more
Summary Oil demand seen at 99.86 mbpd in 2022, similar to 2019 2021 oil demand growth forecast kept at 5.95 mln bpd OPEC June output rises by 590,000 bpd as cuts eased U.S. shale production seen resuming growth in 2022 LONDON, July 15 (Reuters) – OPEC stuck to its forecast for a strong recovery in … Read more
Reuters A coal-burning power plant can be seen behind a factory in China’s Inner Mongolia Autonomous Region, October 31, 2010. REUTERS/David Gray/File Photo FRANKFURT, July 15 (Reuters) – Global electricity demand is growing faster than renewable energy capacity can be rolled out and will require more power to be generated from the burning of fossil … Read more
Jul 14, 2021 (Bloomberg) Oil demand is almost back, only not quite as we knew it before Covid. With global restrictions meaning fewer holidays, meals out, and services, people are spending more on their home lives. That’s caused a boom in physical goods trades, driving up demand for naphtha to make plastics, and buoyed the use … Read more
Jul 14, 2021 (Bloomberg) Senate Democrats are moving to impose tariffs on carbon-intensive imports as a way to help pay for their tax-and-spending legislation, according to a person familiar with the plan.The measure is included in a $3.5 trillion budget blueprint developed by Senate Democrats as a way to advance major Biden administration policy initiatives, including … Read more
Jul 15, 2021 (Bloomberg) Oil fell for a second day after a surprise jump in U.S. gasoline stockpiles tempered signs that the American market has returned to robust health.Futures in New York slid near $72 a barrel after falling 2.8% on Wednesday, the most since mid-May. American inventories of gasoline and distillates — a category that … Read more
Jul 14, 2021 (Bloomberg) The Biden administration announced Wednesday an ambitious goal of cutting the cost of energy storage by 90% within a decade, an effort officials say is necessary to achieve the president’s climate goals.Spearheaded by the Energy Department, the plan seeks breakthroughs that will be critical for the use of power from solar, wind … Read more
Jul 13, 2021 (Bloomberg) American drillers have restored less than 20% of the oilfield services jobs lost due to the pandemic, with companies favoring investor returns over boosting output, according to a trade group.“The main reason that hiring isn’t coming back faster is that companies are focused more on free cash flow, paying down debt and … Read more
WHY Learn how Cadeon and TIBCO helped The Calgary Real Estate Board (CREB) create — from all its distributed data sources — one virtual place to go for consistent, secure, and governed data. With its new, agile, TIBCOⓇ Data Virtualization data architecture, The Calgary Real Estate Board (CREB) scaled analytics and data science use cases … Read more
Jul 14, 2021 (Bloomberg) Oil fluctuated as Saudi Arabia and the United Arab Emirates were said to resolve the standoff that has prevented OPEC+ from satisfying a growing clamor for extra barrels.Futures flickered near $75 a barrel in New York, having settled on Tuesday at the highest close since late 2018. The OPEC+ coalition will decide … Read more
General view of one of the world’s largest floating solar panel farms in Singapore, July 13, 2021, in this still image taken from video. REUTERS/Chen Lin SINGAPORE, July 14 (Reuters) – Singapore unveiled on Wednesday one of the world’s largest floating solar panel farms, spanning an area equivalent to 45 football fields and producing enough … Read more
DUBAI/LONDON, July 14 (Reuters) – Saudi Arabia and the United Arab Emirates have reached a compromise over OPEC+ policy, an OPEC+ source said on Wednesday, in a move that should unlock a deal to supply more crude to a tight oil market and cool soaring prices. Brent oil prices fell on the news by as … Read more
Jul 14, 2021 (Bloomberg) The European Union rolled out a climate plan that will transform every corner of its economy — from how people heat their home to the cars they drive — as the bloc uses a massive overhaul of rules to position itself as a global leader on the environment. Every industry will be … Read more
Jessica Shumlich, CEO & Co-Founder of Highwood Emissions Management, discusses the value that emissions reductions can bring to a company, voluntary emissions reduction initiatives for responsibly-sourced oil and gas, and attracting investment through publicly-disclosed emissions reporting. Jessica Shumlich: “Emissions data will be important; otherwise, investment dollars will not go to those organizations.” To learn more … Read more
Kingsway Instruments and Fluke are proud to share the future of Leak Detection and Partial Discharge with the Fluke ii910 Acoustic Imager. Introducing the Fluke ii910 Precision Acoustic Imager. Finally, an easy way to detect, locate, and analyze leaks and partial discharge in one tool. Building on the game changing ii900 that was introduced in … Read more
At KO Advantage we believe that done is better than perfect. But when it comes to meetings, “winging it” simply doesn’t work. Have you ever gone into a meeting having no idea what you are going to talk about? You’re not alone. A study done by Forrester shows that in meetings 77% of salespeople do … Read more
Jul 13, 2021 (Bloomberg) A coalition of environmentalists who felt burned by the lack of climate-change measures in the infrastructure deal President Joe Biden struck with senators last month are seeking $2.1 trillion in spending on those initiatives in the next bill.The group, which includes the Center for American Progress, the Natural Resources Defense Council, the League of … Read more
Jul 13, 2021 (Bloomberg) America’s oil demand has soared to new heights in a remarkable turnaround from just a year ago when the pandemic sent the U.S. economy into a tailspin and decimated demand.A rolling average of U.S. total oil products supplied – an indicator of consumption – jumped to the highest seasonal level in government … Read more
Jul 13, 2021 (Bloomberg) Oil rose to the highest price in more than 2 1/2 years as prospects of an imminent flood of crude exports from Iran and other major producers waned while the International Energy Agency warned of a deepening supply crunch. Futures in New York advanced 1.6% to close at $75.25 a barrel on … Read more
Jul 13, 2021 (Bloomberg) U.S. antitrust officials said Berkshire Hathaway Inc.’s scrapped deal to buy pipeline assets from Dominion Energy Inc. would have threatened competition and never should have been pursued by the companies. The Federal Trade Commission said in a statement Tuesday, a day after the companies said they were abandoning the deal, that it was “disappointing” officials had … Read more
An oil tanker is seen in the sea east of Caracas in this 2003 file photo. REUTERS/Jorge Silva//File Photo Summary Rise in volume of oil transfers by countries hit by sanctions Top oil shipping companies concerned over fake documentation LONDON/MEXICO CITY, July 13 (Reuters) – Top oil shipping companies say they have tightened operational guidelines … Read more
Jul 13, 2021 (Bloomberg) Saudi Aramco has chosen JPMorgan Chase & Co. and Goldman Sachs Group Inc. to advise on the planned sale of a multibillion-dollar stake in its natural gas pipeline network, people familiar with the matter said. The state energy giant is preparing to gauge interest in the assets from potential investors and could … Read more
(Bloomberg)Global oil markets are set to “tighten significantly” unless the OPEC+ alliance resolves its standoff and agrees to increase production, the International Energy Agency warned. Deadlocked by a dispute between Saudi Arabia and the United Arab Emirates, OPEC+ is set to keep output levels unchanged next month even as fuel consumption bounces back from the pandemic and … Read more
(Bloomberg)While more than 80% of the largest U.S. companies have set emissions reduction goals, less than half engaged with lawmakers to advocate for science-based climate policies — and more than 20% have lobbied against them, according to report released Tuesday by sustainability nonprofit Ceres.“Claiming credit for making operational climate change commitments while undermining the necessary … Read more
Jul 13, 2021 (Bloomberg) Saudi Arabia is likely to use surplus oil revenue to rebuild reserves, breaking with its historical practice of boosting spending when crude prices rise, according to the International Monetary Fund. “The message that we very strongly got was that the expenditure path set out in the budget will be stuck to, regardless … Read more
Jul 13, 2021 (Bloomberg) Californians once greeted hot summers by blasting the air conditioners and filling the pool. No longer. Battered by drought and heat waves that are straining the power grid, the Golden State is asking residents to make do with less water and electricity, just when they really want to use both. It’s an … Read more
Jul 13, 2021 (Bloomberg) Oil steadied near $74 a barrel in New York while the International Energy Agency warned that deadlock in OPEC+ may cause global markets to “tighten significantly.” The Paris-based IEA said that crude traders are braced for a “deepening supply deficit” as the dispute between the United Arab Emirates and Saudi Arabia prevents … Read more
Jul 13, 2021 (Bloomberg) Brookfield Infrastructure Partners LP said it’s considering “further enhancements” to its hostile takeover bid for Inter Pipeline Ltd., one day after Canadian regulators imposed tougher conditions on the offer.Toronto-based Brookfield extended its offer to Aug. 6. It must get investors to tender at least 55% of Inter Pipeline’s shares in order to … Read more
Jul 13, 2021, (Bloomberg) Capturing greenhouse gas emissions and burying them underground is one way the world is hoping to slow global warming. It also could be a money-maker for the oil and gas firms developing the technology. The industry has been using carbon sequestration for decades as a way to pump more hydrocarbons out of … Read more
July 12, 2021 HOUSTON, July 12, 2021 (GLOBE NEWSWIRE) — Amplify Energy Corp. (NYSE: AMPY) (“Amplify” or the “Company”) announced today that on July 8, 2021, the Company received notice from the New York Stock Exchange (“NYSE”) that it had regained compliance with the continued listing standards set forth in Item 802.01B of the NYSE … Read more
NEW YORK, July 12 (Reuters) – Crude output from seven major shale formations is expected to rise by 42,000 bpd in August, to 7.907 million bpd, compared with a 28,000 bpd rise in July, according to the Energy Information Administration’s (EIA) monthly drilling productivity report. The forecast is led by growing production in the largest … Read more
Summary U.S. oil mergers hit $33 billion on large number of megadeals Combinations of natural gas drillers account for 20% of value HOUSTON, July 12 (Reuters) – U.S. oil and gas mergers surged last quarter with the most $1 billion plus combinations since 2014, according to data released on Monday, as rising energy and share … Read more
July 12 (Reuters) – Dominion Energy Inc (D.N) and a unit of Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) said on Monday they had agreed to terminate the planned sale of Questar Pipelines, citing uncertainty associated with regulatory clearance. Berkshire Hathaway Energy last year agreed to buy Dominion’s natural gas transmission and storage network for $4 billion, to get … Read more
MOSCOW/LONDON, July 12 (Reuters) – OPEC+ is yet to make progress closing divisions between Saudi Arabia and the United Arab Emirates that last week prevented a deal to raise oil output, making another policy meeting this week less likely, OPEC+ sources said. Russia has been working behind the scenes to bring Riyadh and Abu Dhabi … Read more
Jul 12, 2021 (Bloomberg) The Biden administration is preparing to release a blueprint for limiting sales of U.S. drilling rights that falls short of the outright ban sought by some environmentalists, as rising oil and gasoline prices highlight the risks of curtailing domestic crude production. A draft of the leasing report has already been shared with … Read more
Jul 11, 2021 (Bloomberg) A wildfire raging uncontrollably across southern Oregon has knocked out three electrical lines so critical to the stability of grids in the western U.S. that California has warned of rotating blackouts and Nevada faced a power emergency. The fast-moving Bootleg fire crippled a key transmission system known as the California Oregon Intertie … Read more
Jul 12, 2021 (Bloomberg) Oil dipped after a two-day gain as investors assessed the demand outlook amid a resurgence of Covid-19 in many regions. Futures in New York fell below $74 a barrel after rising more than 2% on Friday. While the rollout of vaccines and the revival of major economies have helped boost fuel consumption, the spread … Read more
LAUNCESTON, Australia, July 12 (Reuters) – The rally in spot liquefied natural gas (LNG) prices in recent weeks has been framed as being led by robust demand in Asia and in Europe as the northern hemisphere deals with hotter-than-usual temperatures. Although this certainly has a strong influence on prices, the narrative has downplayed issues surrounding … Read more
Summary Firms eyeing long-term energy transition challenge Investors remain focused on near-term returns Spending could rise next year if oil recovery continues LONDON, July 12 (Reuters) – Leading international energy companies are resisting the temptation to rush and spend an unexpected windfall from rallying oil and natural gas prices as they focus on longer-term energy … Read more
The logo of Chevron Corp is seen in its booth at Gastech, the world’s biggest expo for the gas industry, in Chiba, Japan April 4, 2017. REUTERS/Toru Hanai/File Photo HOUSTON, July 9 (Reuters) – Chevron Corp (CVX.N) is considering permanently closing the gasoline-producing fluidic catalytic cracker (FCC) at its 112,229 barrel-per-day (bpd) Pasadena, Texas refinery as part … Read more
July 12, 2021 Continues Accretive Eagle Ford Consolidation Complementary Assets, Increased Scale, Free Cash Flow and Inventory HOUSTON, July 12, 2021 (GLOBE NEWSWIRE) — Penn Virginia Corporation (“Penn Virginia” or the “Company”) (NASDAQ: PVAC) and Lonestar Resources US Inc. (“Lonestar”) (OTCQX: LONE) today announced that they have entered into a definitive merger agreement under which … Read more
How is it even possible? During these unprecedented times, the ability to maintain project efficiency and ongoing team collaboration while regulating costs can single-handedly determine many field services organizations’ longevity. As difficult of a task as that may seem, it is not impossible. With the government providing support and facilitating the environmental services industry within … Read more
The Sur-Flo Control Valve works with all types of processes, whether liquid or gas, sour or sweet, sandy or waxy, there is no application too challenging. With our direct control over manufacturing, design, and materials,Sur-Flo valves are highly customizable. From sizes ranging from 1” to 10”, we will ensure a solution that suits your application. … Read more
With our SCHROEDAHL low pressure valves; the SUL and the TDL properties such as functionality, places of operation, valve specifications and the delimitations to each other, clearly indicate the valve that best meets your needs. The SUL, our evergreen valve in the lower nominal pressure range up to 63 bar with a pressure difference of … Read more
The latest release of AUTOSOL Communication Manager, ACM 8.2 encompasses several new and exciting updates– too numerous to list here. Below are some highlights of what is included in ACM 8.2. A link to the full list of updates can be found at the bottom. New Security Options ACM 8.2 provides security options to control … Read more
July 9 (Reuters) – U.S. energy firms added oil and natural gas rigs for a second week in a row as oil prices recently rose to their highest since Oct. 2018, prompting some drillers to return to the wellpad. The oil and gas rig count, an early indicator of future output, rose 4 to 479 … Read more
Jul 10, 2021 (Bloomberg) Should U.S. refiners get excited about one week of record demand for gasoline?With jet fuel consumption still weak and distillate stocks rising despite strong domestic demand, refiners must rely on gasoline as their summer lifeline. The first of the season’s two big driving holidays, July 4, generated strong demand for the motor … Read more
Jul 9, 2021 (Bloomberg) Oil fell this week for the first time since May after days of volatile trading in the wake of OPEC+’s stalemate over a production increase in the near term. Futures in New York declined 0.8% this week, although the U.S. crude benchmark closed higher on Friday amid a broader market rebound. Prices … Read more
NEW YORK, July 8 (Reuters) – North Dakota is suing the U.S. government on claims the Department of the Interior and the Bureau of Land Management illegally canceled oil and gas lease auctions in the state. The complaint, filed late Wednesday with the United States District Court for the District of North Dakota Western Division, … Read more
Jul 9, 2021 (Bloomberg) California and neighboring states are facing another historic heat wave that may push power supplies to the brink and is adding to already high wildfire risk amid record drought. Temperatures will hit 107 degrees Fahrenheit (42 Celsius) Friday in Sacramento and 112 Saturday, according to the National Weather Service. Excessive heat warnings cover most … Read more
Reuters French Economy and Finance Minister Bruno Le Maire attends a news conference for the launching of the 2020 income tax campaign at the Bercy Finance Ministry in Paris, France, April 8, 2021. REUTERS/Sarah Meyssonnier/File Photo VENICE, July 9 (Reuters) – French Finance Minister Bruno Le Maire called on Friday at a meeting with his … Read more
Reuters Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020. REUTERS/Drone Base/File Photo July 8 (Reuters) – U.S. crude and gasoline stocks fell and gasoline demand reached its highest since 2019, the U.S. Energy Information Administration said on Thursday, signaling increasing strength … Read more
Jul 8, 2021 (Bloomberg) The most ambitious attempt to set a high standard for carbon offsets is getting left behind as exchanges start trading contracts before the rules are finalized.The Taskforce on Scaling Voluntary Carbon Markets, launched by former Bank of England Governor Mark Carney and Standard Chartered Chief Executive Officer Bill Winters, is populated by hundreds of … Read more
Jul 9, 2021 (Bloomberg) Oil prices continued to swirl as traders tried to fathom how the clash inside the OPEC+ alliance will play out in global markets. Early in the week, U.S. crude soared to a six-year high near $77 a barrel on fears that OPEC’s failure to agree a production increase would leave markets desperately … Read more
Summary Shale firms that actively hedged sit out oil price gains Still higher oil prices could hurt firms that hedge Lack of OPEC+ deal on curbs fails to stir shale NEW YORK, July 7 (Reuters) – U.S. shale producers promised investors they would keep a tight rein on spending in 2021, and the restraint on … Read more
Jul 8, 2021 (Bloomberg) Gasoline demand surged to a a record high as Americans took to the road for the July 4th holiday weekend. Gasoline supplied, a proxy for demand, rose to 10 million barrels a day the week ended July 2, the highest in data going back to 1990, according to the Energy Information Administration. … Read more
Summary Emissions showed biggest fall in over 75 years Energy demand fell 4.5% in 2020, oil demand down 9.3% BP says changes in 2020 likely to prove transitory World needs “tangible” action to hit climate goals LONDON, July 8 (Reuters) – Wind and solar power capacity expanded rapidly in 2020 while global energy demand cratered … Read more
The myth of supposed U.S. oil shale abundance will in reality end in oil scarcity Eric Nuttall Jul 07, 2021 U.S. shale producers told us they possessed decades worth of Amazon-like low-cost inventory thus perverting both the market’s understanding of what true marginal supply costs were as well as shale’s ability to displace long-cycle projects … Read more
Jul 7, 2021, (Bloomberg) Royal Dutch Shell Plc, Chevron Corp. and TotalEnergies SE are joining a satellite-based effort to track methane emissions from offshore oil and gas platforms. The project will rely on observations from GHGSat Inc. satellites, which use infrared sensor technology to identify the potent greenhouse gas as it absorbs sunlight bouncing off the … Read more
Jul 8, 2021 (Bloomberg) Oil pared declines as the dollar dropped while concerns over a surge of the delta coronavirus variant and a dispute at the heart of OPEC kept traders worried about the market.West Texas Intermediate futures lost 0.2%. The renewed spread of the virus is bringing on anxiety about global growth, driving equities lower … Read more
Jul 8, 2021 (Bloomberg) It will cost about C$75 billion (US$60 billion) to zero out greenhouse gases from oil sands operations by 2050, with a good deal of the costs borne by taxpayers and many loose ends yet to be tied up, according to two of the Canadian industry’s top CEOs.To achieve the goal announced last … Read more
MEXICO CITY/WASHINGTON, July 7 (Reuters) – Trade ministers from the United States and Canada expressed concern on Wednesday about Mexico’s energy policies, as they met with their Mexican counterpart to mark the one-year anniversary of a regional trade pact. U.S. Trade Representative (USTR) Katherine Tai told reporters during a joint news conference that the United … Read more
July 08, 2021 07:00 ET | Source: Laredo Petroleum, Inc. TULSA, OK, July 08, 2021 (GLOBE NEWSWIRE) — Laredo Petroleum, Inc. (NYSE: LPI) (“Laredo” or the “Company”) today provided preliminary production results and an operational update for the second quarter of 2021 and its revised capital budget and production guidance for full-year 2021 in association with the … Read more
July 08, 2021 09:00 ET | Source: Contango Oil & Gas FORT WORTH, Texas, July 08, 2021 (GLOBE NEWSWIRE) — Contango Oil & Gas Company (NYSE American: MCF) (“Contango” or the “Company”) announced today that it has entered into an agreement to acquire low decline, conventional gas assets in the Wind River Basin of Wyoming from ConocoPhillips. … Read more
LONDON, July 6 (Reuters) – OPEC+ brinkmanship has taken oil prices towards $80 a barrel, the highest since 2018, threatening to upend central banks’ transitory inflation narrative as well as the post-pandemic economic recovery. Last year’s Saudi-Russian oil war showed that disputes between OPEC+ members do not always result in higher prices, but this week’s … Read more
See More from ENERGYminute HERE by Michelle Heath and Aaron Foyer The critical metals in most batteries include: Lithium, graphite, cobalt, nickel and manganese. (Could we show their periodic symbol The lithium-ion battery (LIB) is expected to dominate the supply of rechargeable Electric Vehicle batteries in the near future. The smallest component of the lithium-ion battery is the … Read more
Jul 6, 2021 (Bloomberg) U.S. gasoline consumption in the week leading up to the Independence Day holiday may have been the highest since September 2019, adding to signs of recovery from the pandemic travel slump, analysts said.Demand for the week ended July 2 was probably 9.6 million barrels per day based on retail sales, said Patrick DeHaan, head of … Read more
Jul 6, 2021 (Bloomberg) A raging fire on the surface of the Gulf of Mexico near a Pemex offshore oil platform last Friday provoked a Twitter storm. But officials in Mexico say it wasn’t the environmental disaster it appeared to be. On July 2, a video posted on social media from a nearby helicopter showed three … Read more
Jul 7, 2021 (Bloomberg) Royal Dutch Shell Plc promised to make further amends with investors for last year’s historic dividend cut by boosting returns. The pledge, which comes as the company will also keep paying down debt, shows how the oil and gas industry is getting stronger thanks to a recovery in energy demand and rising … Read more
Jul 7, 2021 Word Count Last month, Maine became the first U.S. state to order its public pension fund to sell off fossil-fuel holdings. The deadline? Four and a half years. And if that isn’t anticlimactic enough, there’s more. The Maine Public Employees Retirement System can’t simply jettison investments in atmosphere-warming items such as coal, petroleum and natural gas. Since the … Read more
Jul 6, 2021 (Bloomberg) As soon as OPEC+ negotiations fell apart on Monday, stoking fears of a supply squeeze and sending oil prices soaring, U.S. shale executives began hitting the phones.They weren’t ordering their crews to drill for more oil. They weren’t game-planning a miraculous comeback in American crude production. They were securing hedges — locking in prices … Read more
Jul 6, 2021 (Bloomberg) Texas Governor Greg Abbott is pushing regulators to strengthen incentives for fossil fuel and nuclear power generators in an effort to avoid a repeat of deadly blackouts seen this winter. Abbott ordered the Public Utility Commission of Texas to redesign parts of the power market to maintain and build more dispatchable supplies … Read more
Jul 6, 2021 (Bloomberg) Money is flowing into exchange-traded funds focused on U.S. oil and gas stocks at the highest rate in a decade, yet another sign of renewed investor interest in the shale industry. Almost $18 billion has poured into U.S. energy-stocks ETFs so far in 2021, more than in any of the previous 10 … Read more
Jul 7, 2021 (Bloomberg) Oil rose in New York, recouping some of the previous day’s losses, as prices remain volatile while an impasse prevents OPEC+ from boosting output. West Texas Intermediate futures have been whipsawed as a dispute between Saudi Arabia and the United Arab Emirates stymies OPEC+ plans to revive halted supplies. The grade hit a six-year … Read more
Reuters Jul 6, 2021 (Bloomberg) Biden administration officials are “encouraged” by ongoing OPEC talks and have spoken with officials in Saudi Arabia and the United Arab Emirates in hopes of reaching an agreement to stem the rise in crude prices, White House Press Secretary Jen Psaki said. “We’re not a party to these talks but over … Read more
Mark Kirby, President & CEO of the Canadian Hydrogen Fuel Cell Association, discusses achieving net-zero with clean hydrogen, commercializing hydrogen and fuel cell technologies, and the steps Canada needs to become a space leader. Mark Kirby: “Hydrogen is moving forward. It really now is up to Canada as to whether it wants to move forward … Read more
ROTO-BOSS™ MULTI-PORT ORIFICE METER RUN The safest, most user-friendly meter run on the market. At Sur-Flo Meters and Controls Ltd, we work with our clients to ensure a win-win outcome, as we work towards adding value through tried-and-true solutions. We certainly look forward to continuing to work with this End User, as well as others who … Read more
DOWNLOAD PDF VERSION HERE Q Test’s Special Inspection Program is accredited by the Standards Council of Canada and is in accordance with SPE-1000 and ISO 17020 to ensure safety and code compliance on various electrical products. The Canadian Electrical Code mandates that all electrical equipment that is manufactured or imported into Canada must be evaluated … Read more
When it comes to selecting a new hydraulic cylinder, you generally have two options: off-the-shelf cylinders or custom manufactured cylinders. While both options have their place, design requirements and application will greatly influence your decision. Which type is better for your application? In this article we’ll explore the advantages and disadvantages of each option. Off … Read more
The OPEC logo pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria, September 28, 2016. REUTERS/Ramzi Boudina LONDON, July 6 (Reuters) – The Organization of the Petroleum Exporting Countries, founded in 1960, has a history of disputes between members, ranging from arguments over output … Read more
By Reuters Staff WASHINGTON (Reuters) – The Biden administration is pushing for a “compromise solution” in stalled OPEC+ oil output talks, a White House spokesperson said on Monday. OPEC+ ministers called off those talks on Monday after the United Arab Emirates rejected a proposed eight-month extension to curbs on output. Four OPEC+ sources told Reuters … Read more
Jul 6, 2021 (Bloomberg) The buyout industry has long been a major backer of fossil-fuel deals. Now it’s rolling out new green asset funds at a record clip in a bid to lure the institutional money flocking to climate-friendly investments.Today’s private equity shops—including the world’s largest alternative asset manager, Blackstone Group Inc.—are pouring capital into fast-growing … Read more
Jul 6, 2021 (Bloomberg) Indonesia is proposing a carbon tax of about $5 per ton of emissions in a bid to raise state revenues and meet climate goals. That’s less than a tenth of the current price of carbon permits in the European Union’s Emissions Trading System. And yet it has faced criticism from industry that it will slow down … Read more
THE WOODLANDS, Texas, July 05, 2021 (GLOBE NEWSWIRE) — ChampionX Corporation (“ChampionX” or the “Company”) (NASDAQ: CHX) announced today the completion of its acquisition of Scientific Aviation, Inc., a market leader in site-specific and regional methane emissions monitoring solutions for continuous and periodic monitoring applications. “Our acquisition of Scientific Aviation further demonstrates our commitment to … Read more
A Retrofitted Project Provides an Efficient and Cost Saving Solution. In May of 2021, a long-term client contacted the Sky Eye team to retrofit an LPG transloader that was previously in operation during 2015. Our client asked Sky Eye to retrofit the original transloader, previously operating in Texas, for current operations in Western Canada. This … Read more
Wearable connected technology has become commonplace in our personal lives from tracking our Uber’s location on our phone to checking the monitor on our wrists for our heart rate – and it’s changing industrial safety protocols as well. Environmental Health and Safety (EHS) is also going through an evolution in incident detection, avoidance, reporting, and … Read more
(Bloomberg) The solar industry has spent decades slashing the cost of generating electricity direct from the sun. Now it’s focusing on making panels even more powerful.With savings in equipment manufacturing hitting a plateau, and more recently pressured by rising prices of raw materials, producers are stepping up work on advances in technology — building better components … Read more
(Bloomberg) The OPEC+ oil cartel is facing its biggest crisis since a price war at the start of the coronavirus pandemic. The United Arab Emirates, the group’s fourth-biggest producer, argued against a deal proposed by Saudi Arabia and Russia to extend quota limits until the end of next year, rather than ending them in April as … Read more
Jul 5, 2021 (Bloomberg) The breakdown of OPEC+’s meeting on production levels has left the oil market in limbo. The immediate consequence is that an expected increase in output in August now likely won’t happen, leaving the world short of barrels as the economic recovery gathers pace.The lack of unity within the alliance has also raised the specter of a … Read more
( Jul 6, 2021 (Bloomberg) Oil jumped to the highest in more than six years after a bitter fight between Saudi Arabia and the United Arab Emirates plunged OPEC+ into crisis and blocked a supply increase. West Texas Intermediate crude advanced to $76.98 a barrel, the highest since November 2014, as the breakdown in talks left … Read more
Jul 6, 2021 (Bloomberg) OPEC+ infighting has deprived the oil market of extra supply and sent crude surging to a six-year high in New York. It’s too early to tell whether the breakdown of the cartel’s meeting on Monday could escalate into a conflict between Saudi Arabia and the United Arab Emirates as bitter and destructive as last … Read more
LONDON, July 5 (Reuters) – The United Arab Emirates and Saudi Arabia have clashed over how OPEC+ producers unwind oil output cuts, forcing a third day of talks on Monday in a dispute with implications for the wider economy. read more WHY IS IT IMPORTANT? Crude is already at its highest since October 2018, trading … Read more
LONDON, July 5 (Reuters) – A rebound in global gas demand to 2024 following a record fall last year is poised to knock the world off track for a climate goal of achieving net zero emissions by 2050, the International Energy Agency (IEA) said on Monday. More than 190 countries have signed the Paris agreement … Read more
Over the past year, more companies have ramped up their productions of EVs. Can you guess which country had the biggest jump? (Hint: it’s not the U.S. or China.) by Michelle Heath and Aaron Foyer See More from ENERGYminute HERE Electric Vehicle Manufacturing Series: 2020 | 2019 Jul 1st 2021 | EV, Tech, Transportation In 2020, 58% of all the plug-in car sales … Read more
Jul 5, 2021 (Bloomberg) Oil held steady as tensions between Saudi Arabia and the UAE escalated over the weekend, leaving the market with few clues about how supply talks will proceed on Monday after discussions reached an impasse last week.The Saudis are standing firm about raising output starting next month and extending the scope of the OPEC+ agreement … Read more
Jul 5, 2021 (Bloomberg) Just hours before the resumption of talks, OPEC+ still hadn’t resolved the increasingly bitter split between Saudi Arabia and the United Arab Emirates that’s blocking an oil-output deal.The dispute leaves the global economy stranded in uncertainty — with little indication of whether the cartel will pump more crude to ease an inflationary … Read more
How many HOURS does it take your business to RECONCILE truck tickets at the end of each month… does it amount to DAYS? With about 1400 tickets a month, it can take 2-3 business days to confirm data. That’s not including the ADDITIONAL hours for recovery of missing or lost tickets if they are EVER … Read more
Arolytics is a software and expert services company that specializes in emissions management, ESG performance, and regulatory compliance for the energy sector. We are motivated to help the oil and gas industry adopt the most effective and efficient emissions management strategies. Our solutions include: AROfemp – A methane modeling tool to evaluate, design, and support … Read more
Oura™ is Precise Downhole Solutions’ intelligent electric gas lift valve that provides highly accurate real-time data of pressure and temperature in the tubing and annulus of your well at every valve location. The Oura uses gas with zero pressure loss as compared with legacy nitrogen charged bellows-style valves, bringing immediate efficiency to your wellbore. The … Read more
The oil and gas industry is operating in a time of unprecedented uncertainty. As the industry navigates their current challenges, they are looking to discover new ways to reduce drilling and completion costs. In this new economic landscape, saving every penny through the supply chain during a hydraulic fracturing operation is crucial. A necessary piece … Read more
A drilling crew member raises drill pipe onto the drilling rig floor on an oil rig in the Permian Basin near Wink, Texas U.S. August 22, 2018. REUTERS/Nick Oxford July 2 (Reuters) – U.S. energy firms added oil and natural gas rigs for a third time in four weeks as oil prices rose to their … Read more
July 2 (Reuters) – TC Energy Corp (TRP.TO) is seeking more than $15 billion in damages from the U.S. government over the cancellation of its Keystone XL (KXL) project, the Canadian pipeline operator said on Friday. The company earlier this month officially canceled the $9 billion project after U.S. President Joe Biden revoked a key permit … Read more
WASHINGTON, July 2 (Reuters) – The White House said on Friday it is concerned about the impact of rising oil prices on U.S. consumers but believes producers have ample ability to pump enough crude. “Currently we believe that there is enough spare oil production capacity globally,” White House Press Secretary Jen Psaki told reporters. “Because … Read more
Jul 2, 2021 (Bloomberg) Oil posted its sixth straight weekly gain, the longest winning streak since December, as the standoff between OPEC+ ministers over output extended negotiations to Monday.Futures in New York rose 1.5% this week. Friday’s meeting ended without a deal, with the United Arab Emirates still blocking a proposal to increase supply, delegates said. The ongoing … Read more
Jul 3, 2021 (Bloomberg) OPEC and its allies abandoned oil-supply negotiations until Monday as a rebellion by a key member threatened the unity of the alliance. Talks ended without a deal to increase output after the United Arab Emirates doubled down on demands for better terms. The impasse — which had already pushed discussions into a … Read more
By Gregory Korte Jul 3, 2021 (Bloomberg) A gallon of gasoline is the most expensive it has been in seven years, but the once-potent economic indicator doesn’t seem to be putting pressure on President Joe Biden’s energy policies — in part because gas prices hit Democrats and Republicans differently. Going into the Independence Day weekend, when … Read more
July 02, 2021 CALGARY, Alberta, July 02, 2021 (GLOBE NEWSWIRE) — News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) announced today it has filed a Notice of Intent to initiate a legacy North American Free Trade Agreement (NAFTA) claim under the United States-Mexico-Canada Agreement to recover economic damages resulting … Read more
Jul 2, 2021 (Bloomberg) Skyrocketing crude oil prices have prompted cash-strapped U.S. refiners to look for alternative ways to maximize gasoline production during the peak of the summer driving season.The fuel-makers are buying low-sulfur vacuum gasoil, or VGO, from abroad as a more economical option to maximize fuel production without increasing crude intake. As a result, … Read more
Drilling rigs operate at sunset in Midland, Texas, U.S., February 13, 2019. Picture taken February 13, 2019. REUTERS/Nick Oxford/File Photo NEW YORK, July 1 (Reuters) – Oil companies are betting that if they sell land, buyers will come, as crude prices have soared more than 50% this year, fueling the most robust pipeline of deals … Read more
Reuters LONDON, July 2 (Reuters) – OPEC+ agreed on Friday to add more oil to the market from August and extend the duration of their pact on their remaining production curbs for longer, even though the United Arab Emirates still opposed the extension, an OPEC+ source said. All OPEC+ deals require unanimous approval. The rare … Read more
July 01, 2021 INDIANAPOLIS, July 01, 2021 (GLOBE NEWSWIRE) — Infrastructure and Energy Alternatives, Inc. (NASDAQ: IEA) (“IEA” or the “Company”), a leading infrastructure construction company with renewable energy and specialty civil expertise, today announced that the Company has been awarded the Big Sky Repower balance of plant (“BOP”) project valued at approximately $70 million. … Read more
Enhances DTE’s Strategic Focus as Premier, Predominantly Pure-Play Regulated Michigan-Based Utility July 01, 2021 Detroit, July 01, 2021 (GLOBE NEWSWIRE) — DETROIT, July 1, 2021 – DTE Energy Company (“DTE Energy”) (NYSE: DTE) announced today that it has completed the previously announced spin-off of its non-utility natural gas pipeline, storage and gathering business, DT Midstream, Inc. (“DT … Read more
Schedules Second-Quarter 2021 Earnings Release and Conference Call July 01, 2021 TULSA, OK, July 01, 2021 (GLOBE NEWSWIRE) — Laredo Petroleum, Inc. (NYSE: LPI) (“Laredo” or the “Company”) announced today that it has closed its previously announced transactions to acquire the oil-weighted Howard County leasehold of Sabalo Energy, LLC (“Sabalo”), a portfolio company of EnCap … Read more
July 01, 2021 OMAHA, Neb., July 01, 2021 (GLOBE NEWSWIRE) — Green Plains Inc. (NASDAQ: GPRE) today announced its wholly owned subsidiary Green Plains Central City LLC has broken ground on the construction of Fluid Quip Technologies’ MSCTM system. Central City is the third Green Plains location to install MSC™, behind Shenandoah, which started up in … Read more
Jul 2, 2021 (Bloomberg) Oil held overnight gains after infighting within OPEC+ delayed a much-anticipated decision on raising output levels, risking an inflationary spike in prices if the group can’t come to an agreement.Futures in New York traded above $75 after jumping 2.4% Thursday. The alliance was forced to postpone a decision on output after the … Read more
COPENHAGEN, July 1 (Reuters) – The United States must speed up project permits if it is to meet the Biden administration’s 2030 target for offshore wind power, major developer Orsted (ORSTED.CO) said on Thursday. The United States, with just two small offshore wind facilities, has lagged European nations in developing the renewable energy technology. read more The … Read more
July 1 (Reuters) – U.S. oil producer Mesquite Energy, which emerged from a contentious bankruptcy last year, is considering a sale of its Catarina Ranch assets in the Eagle Ford region of South Texas, according to three people familiar with the matter. Divestiture of the assets, spread over 100,000 acres according to Mesquite’s filings, could … Read more
A technician unpacks a completely burned Lithium-ion car battery before its dismantling by the German recycling firm Accurec in Krefeld, Germany, November 16, 2017. REUTERS/Wolfgang Rattay Summary Robots could be used to speed up material separation Cost savings of 60% possible U.S., UK scientists focus on different technologies LONDON, July 1 (Reuters) – Researchers in … Read more
Jul 2, 2021 (Bloomberg) OPEC+ allies were locked in a tense diplomatic standoff on Friday after a dispute that threatens to block measures to ease the surge in oil prices. As of early afternoon in London, the group had failed to find a way out of the impasse, delegates said. If the negotiations fail, the … Read more
MELBOURNE, July 2 (Reuters) – Chevron Corp (CVX.N) and its partners in the Gorgon LNG project off Western Australia have agreed to go ahead with a $4 billion project to improve gas recovery from offshore wells and keep the huge liquefied natural gas plant filled for 40 years. The Jansz-Io Compression (J-IC) project, which will help … Read more
NEW YORK, July 1 (Reuters) – At least two dozen U.S. energy firms, including Dominion Energy Inc (D.N) and Sempra Energy (SRE.N), have started producing hydrogen or testing its viability in natural gas pipes to take advantage of existing infrastructure as the world prioritizes lower-carbon fuels. Nations worldwide are trying to reach net-zero carbon emissions by 2050, … Read more
Summary Russia and Saudi Arabia reach preliminary deal, sources say OPEC+ to add less than 0.5 mln bpd a month Aug-Dec, source says Oil prices climb close to 2-1/2 year highs LONDON/DUBAI/MOSCOW, July 1 (Reuters) – OPEC+ is moving towards adding about 2 million barrels per day (bpd) to the oil market from August to … Read more
July 1 (Reuters) – Royal Dutch Shell Plc (RDSa.L) plans to leave Aera, its California-based oil and gas-producing joint venture with Exxon Mobil Corp (XOM.N), four people familiar with the talks told Reuters. Shell has divested numerous carbon intensive assets this year, selling its refinery in Washington state to Holly Frontier Corp (HFC.N) and its stake in a Houston-area … Read more
Jul 1, 2021 (Bloomberg) Oil rose above $75 a barrel in New York with OPEC+ adding limited supplies to the market in the coming months.Crude futures added more than 3% to trade at the highest since 2018. OPEC+’s de facto leaders, Saudi Arabia and Russia, have a tentative agreement to increase output gradually, but are still … Read more
Jul 1, 2021 (Bloomberg) OPEC and its allies head into discussions on whether to satisfy the clamor for more oil, a decision that could have profound implications for global inflation. A familiar dynamic has emerged in the cartel in the lead-up to Thursday’s decision about output policy for August and beyond. On one side, Russia and Kazakhstan … Read more
Jun 30, 2021 (Bloomberg) Crude inventories in the U.S. are falling at the fastest rate in decades as demand continues to rebound, prompting a rally in the oil futures market. Over the last four weeks total stockpiles, including the Strategic Petroleum Reserve, have fallen at a rate of 1.15 million barrels a day marking the largest … Read more
Jul 1, 2021 (Bloomberg) Even by the standards of the chief executive of America’s biggest bank, March 31 looked like it was going to be a very busy day.Jamie Dimon’s office calendar was chock-full of invitations for that overcast New York Wednesday, with more than 1,000 unsolicited meetings all scheduled to cover the same topic: JPMorgan … Read more
June 30 (Reuters) – U.S. natural gas producers hope climate-conscious electric utilities and gas exporters will pay a premium for what they say is “greener gas” that has been certified as coming from low-emission operations or from renewable sources such as landfills. EQT Corp, Chesapeake Energy and liquefied natural gas firms Cheniere Energy and NextDecade … Read more
Jun 30, 2021 (Bloomberg) EQT Corp., America’s largest natural gas driller, set a target to zero out emissions from its own operations and energy use in just four years. The harder part will be tackling pollution from customers, a problem the producer is still mulling.The company aims to reach net-zero greenhouse gas emissions from its own … Read more
DUBAI, June 30 (Reuters) – An OPEC+ panel has warned of “significant uncertainties” and the risk of an oil glut after April 2022, according to an internal report, building a case for extending the current deal that has maintained curbs on supply. The panel, known as the Joint Technical Committee, sees an overhang of crude … Read more
The Mooserboden water reservoir of Austrian hydropower producer Verbund is seen near Kaprun, Austria, August 31, 2016. REUTERS/Leonhard Foeger June 30 (Reuters) – Low-carbon hydropower capacity is vital for a faster integration of wind and solar power, but its growth is set to slow by 23% this decade without a sweeping policy and investment push, … Read more
Reuters June 30 (Reuters) – Goldman Sachs Commodities Research said more oil production is needed from the Organization of the Petroleum Exporting Countries and allies (OPEC+) to balance the market by 2022 as supply risk looms elsewhere. The U.S. bank forecast oil demand to rise by an additional 2.2 million barrels per day (mbpd) by … Read more
Jun 30, 2021 (Bloomberg) Oil is on course for its best half since 2009, extending gains Wednesday ahead of a key OPEC+ meeting that’s expected to bring an increase in supply.Futures in New York rose 0.5% to top $73 a barrel, and are up more than 50% this year. The American Petroleum Institute reported a 8.15 … Read more
Jun 30, 2021 (Bloomberg) When it comes to being upfront with shareholders about the risk climate change poses to its survival, the oil industry—whose products are the key driver of global warming—is deeply divided. On one side, there are industry trade groups like Western Energy Alliance, which insist on denying the science of global warming (and certainly won’t concede … Read more
Jun 30, 2021 (Bloomberg) The rare and powerful heat wave shattering records across the U.S. Northwest is taking a bruising toll on the region’s infrastructure, buckling highways, hobbling public transit and triggering rolling power outages.Avista Corp. — which serves nearly 340,000 customers in eastern Washington, Idaho and Oregon — instituted rolling outages for the first time in company … Read more
Jun 30, 2021 (Bloomberg) Russia will be able to keep pace with any easing of OPEC+ production cuts in both the short and medium term, according to analysts including Bank of America Corp. and Fitch Ratings Inc.As the cartel discusses whether to boost output further in August, there has been renewed speculation about whether record production cuts could … Read more
Iggy Domagalski, CEO of Tundra Process Solutions discusses entrepreneurialism in the energy industry, developing a dynamic corporate culture that puts people first, and what customers can expect after Wajax acquired Tundra Process Solutions earlier this year. To learn more about the Global Energy Show, or to register, please visit: www.globalenergyshow.com or see more interviews at anchor.fm/globalenergyshow
Enhanced Analytics With Data Functions And Mods Thank you to the Society of Petroleum Engineers (SPE) for having us and extending the invitation to do a Tech Talk for your community of amazing companies and individuals. It was a great opportunity to connect and to share our incredible insights, watch the video to find out … Read more
By Vista Projects An electrical arc flash is as common as it is dangerous. It’s estimated that 5-10 arc fault incidents occur daily in the United States, resulting in 400 fatalities annually. An arc flash is like an electrical grenade going off without warning and within feet of workers. The extreme heat, light, and blast … Read more
“A team you can count on. A product you can trust.” It is very impressive to see a company awarded as #1 fabricator in Western Canada. Gemini leveraged Six Sigma which helped a strong company get even stronger. Very commendable! Travis Sharpe has been the recipient of this year’s award for “Energy Leader of the … Read more
(Bloomberg) Ashley Watt is nothing if not a friend of fracking. She’s invested in mines that supply the sand frackers blast into the ground. Her family owns a ranch larger than Manhattan that’s home to hundreds of oil and natural gas wells. Her Twitter handle is “Frac Sand Baroness.”That’s what made it all the more jarring … Read more
Summary Oil price gains raise the ante but shale producers sit pat Restraint gives OPEC room to add more oil to global market Biggest shale firms focus on improving returns, not volumes June 28 (Reuters) – Even with oil prices surging toward $75 a barrel, U.S. shale producers are keeping their pledges to hold the … Read more
Jun 29, 2021 (Bloomberg) India and other developing nations will oppose plans by the European Union and the U.S. to penalize imports of carbon-intensive goods to curb emissions at the global climate summit to be held in Glasgow this November.“It is the most regressive proposal” with “no principle of equity adhered to,” Environment Minister Prakash Javadekar told Bloomberg … Read more
LONDON (Reuters) – An uneven global recovery from the COVID-19 crisis will make recalibrating the fiscal and monetary stimulus a “daunting” challenge for policymakers, the Bank for International Settlement’s annual report said on Tuesday. Dubbed the central bank to world’s central banks, the Swiss-based BIS said its main scenario was one of a solid global … Read more
Jun 29, 2021 (Bloomberg) Oil erased earlier losses with the market looking for its next direction from an OPEC+ meeting this week and the spread of the delta variant of Covid-19.Futures in New York edged higher, topping $73 a barrel. The infectious variant has resulted in a spike in U.K. cases and is taking a toll on mobility … Read more
DUBAI, June 29 (Reuters) – Saudi Aramco (2222.SE) has invited banks to pitch for an advisory role to help finance the sale of a significant minority stake in its gas pipelines, the oil giant’s second major midstream deal after a $12.4 billion deal for oil pipelines, three sources said. Aramco has already hired Morgan Stanley (MS.N) as an … Read more
DETROIT, June 29 (Reuters) – You glide silently out of the Tesla (TSLA.O) showroom in your sleek new electric Model 3, satisfied you’re looking great and doing your bit for the planet. But keep going – you’ll have to drive another 13,500 miles (21,725 km) before you’re doing less harm to the environment than a gas-guzzling saloon. … Read more
Imagine everyone on your oilfield services team can work anytime, anywhere – sharing operational information efficiently not only when they are online and but also when they work in remote offline locations. From dispatching jobs, renting out equipment to performing inspections and maintenance, you have everyone’s tickets and field forms in place on-time, signed and secure. No more lost, damaged or inaccurate paper tickets, frustrated staff, rejected invoices and delayed payments. The nature of the oilfield services work is such that you have to go to places and deliver services and equipment where there’s limited convenience of being always connected to … Read more
Precise Downhole Solutions’ Resonant Frequency Transducer (RFT™) sensor is the industry’s most advanced electronics-free downhole high-pressure/high-temperature pressure sensor designed to operate in the harshest environments. Precise Downhole Solution’s RFT permanent gauge systems consistently deliver accurate, high-resolution pressure and temperature measurements. The RFT sensor utilizes a pressure-sensitive diaphragm in conjunction with a frequency dependent resonating element. … Read more
You may have seen first-hand how hard it can be to provide clean water for your workforce living on remote worksites. From the oil fields in the Permian to large-scale development projects across North America, the barriers are real. For 7 years, WaterFleet has dedicated themselves to resolving complex water-supply issues by designing pioneering mobile technologies … Read more
“At Scovan, we are passionate about developing projects with clean, renewable energy, while protecting the environment and giving back to the community.” Donovan Nielsen President, Scovan Engineering There is a global movement right now for a better environment, a more equitable societ
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