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Commentary: Snappy answers to energy questions – Alex Epstein

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This election season candidates are getting lots of energy-related questions. Here are pro-freedom, pro-human answers to some of the most popular ones. By Alex Epstein What’s your policy on energy, environment, and climate?I believe in energy freedom: the freedom to use all forms of energy, with laws against emissions and practices that are significantly harmful … Read more

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Prince Abdulaziz bin Salman remains Saudi Arabia’s energy minister under new cabinet

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Sept 27 (Reuters) – Prince Abdulaziz bin Salman remained Saudi Arabia’s energy minister under a new cabinet headed by the kingdom’s crown prince and de facto ruler Prince Mohammed bin Salman, Saudi state media reported on Tuesday. The foreign minister Prince Faisal bin Farhan Al Saud, the finance minister Mohammed al-Jadaanand and the investment minister … Read more

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U.S. oil refinery run-rates could top 90% for 3rd quarter in a row

HOUSTON, Sept 28 (Reuters) – U.S. oil refinery utilization rates, a measure of how operators view future fuel demand, could top 90% next quarter for the third consecutive period, industry analysts projected, reflecting scant stocks and strong demand for diesel. Historically, utilization rates fall in the fourth quarter as refiners begin winter maintenance and motor … Read more

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Norway Bolsters Security After Nord Stream Blasts: Energy Update

Offshore drilling

(Bloomberg) European governments and companies moved to bolster security around their energy assets after the Nord Stream blasts, as the German Navy was deployed to investigate the suspected sabotage. European leaders lined up to say the almost simultaneous explosions on the three Russian-gas pipelines were deliberate, with Polish Prime Minister Mateusz Morawiecki blaming Russia for … Read more

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Oil Pares Slump With Dollar Volatile and Supply in Focus

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(Bloomberg)  Oil erased earlier losses amid volatility in the US dollar and a focus on whether producer nations might curb output following a price rout. West Texas Intermediate, which had been down as much as 2.5% earlier, recovered to trade little changed on the day at 12:40 p.m. in London. Brent moved similarly. Oil prices … Read more

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Nord Stream Gas Leaks Could Be ‘Unprecedented’ Climate Disaster

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The 700-meter wide pool of bubbling water in the Baltic Sea caused by the rupture of the Nord Stream gas pipelines points to a climate disaster. It’s the most visible of three major gas leaks emanating from the pipelines connecting Russia to Germany. Scientists are scrambling to work out just how much methane, one of … Read more

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Gas Pipeline Dealt a Blow as Manchin Withdraws Energy-Permitting Bill

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(Bloomberg) A US government funding bill was stripped of an effort to speed up the federal approval process for energy projects, dealing a major setback to efforts to fast-track the approval of energy infrastructure including a stalled $6.6 billion natural gas pipeline. Senate Majority Leader Chuck Schumer said Tuesday he agreed to a request by … Read more

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Goldman cuts 2023 oil price forecast due to weakening demand outlook

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Goldman Sachs on Tuesday cut its 2023 oil price forecast due to expectations of weaker demand and a stronger U.S. dollar, but said the ongoing global supply disappointments only reinforced its long-term bullish outlook. Goldman’s commodities research division lowered the forecast for next year by $17.5 per barrel on average, even as it saw a … Read more

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Equinor and Tallgrass to jointly pursue opportunities for hydrogen production, and infrastructure development in North America

FILE PHOTO: A logo of Equinor, formerly known as Statoil, is seen at the company's headquarters in Fornebu, Norway May 21, 2018. REUTERS/Nerijus Adomaitis

September 27, 2022 HOUSTON–(BUSINESS WIRE)–Tallgrass and Equinor have announced a collaborative effort to pursue opportunities for development of large-scale, low-carbon hydrogen and ammonia projects in North America. The partners will assess the production and market potential for hydrogen and ammonia, and associated distribution infrastructure to help facilitate broad decarbonization. Under the memorandum of understanding, Tallgrass and Equinor have agreed to … Read more

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FlareTech – Your International Flare Specialists

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FlareTech designs, engineers, and manufactures flare systems to suit all flaring applications leaning on our 40 years’ worth of flaring experience. Smokeless flare systems are our specialty, utilizing Low Pressure Air and High-Pressure Gas, or High-Pressure Air and Steam. Flare Systems: FlareTech is an international provider of the following flare systems Air Assisted Flares Utility … Read more

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Superheat MagneMat™ – Reinventing the Traditional Flexible Ceramic Pad Heater

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Are you tired of adding schedule to your vessel or large bore project for on-site heat treatment providers to pre-map their pin setup, pin heaters, grind off pins, and have each spot nondestructive tested? Then don’t! Use Superheat’s MagneMat’s instead. Where others have failed, Superheat has put a dramatic investment in procurement and magnet manufacturing … Read more

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WATCH: Why The War on Energy Threatens Us All – Michael Shellenberger

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By Michael Shellenberger More From Michael Shellenberger The House Oversight Committee held a hearing on big oil, profits, and climate misinformation. I exposed climate misinformation coming from those demanding censorship, and raised the alarm about the energy crisis and its threat to America’s national security and the industrial security of the West. More From Michael … Read more

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U.S. natural gas down 4% to 10 week low as Hurricane Ian approaches Florida

September 27, 2022 U.S. natural gas futures fell about 4% on Tuesday to a 10-week low as Hurricane Ian advanced toward Florida and on forecasts for milder weather over the next two weeks that will likely cut gas demand and allow utilities to inject more fuel into storage. The U.S. National Hurricane Center (NHC) projected … Read more

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The looming ban on Russian crude has the oil industry on tenterhooks

SINGAPORE, Sept 27 (Reuters) Crude oil prices are engaged in a tussle between fears of a recession-led demand decline and ongoing supply tightness, with risks to demand currently edging ahead. But many in the oil industry are concerned that supply tightness will make a comeback when the European Union ban on Russian crude imports comes … Read more

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U.S. natural gas down 4% to 10 week low as Hurricane Ian approaches Florida

Natural Gas Terminal

September 27, 2022 U.S. natural gas futures fell about 4% on Tuesday to a 10-week low as Hurricane Ian advanced toward Florida and on forecasts for milder weather over the next two weeks that will likely cut gas demand and allow utilities to inject more fuel into storage. The U.S. National Hurricane Center (NHC) projected … Read more

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Gas crisis lands LNG cargo market in hands of energy giants

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LONDON/SINGAPORE, Sept 27 (Reuters) – Rocketing LNG cargo prices have squeezed out dozens of smaller traders, concentrating the business in the hands of a handful of international energy majors and top global trading houses. This grip is not expected to ease until 2026 when more liquefied natural gas (LNG) starts to materialise and lower prices, … Read more

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Russia seen suggesting OPEC+ cuts oil output by 1 mln bpd

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Russia is likely to propose that OPEC+ reduces oil output by around 1 million barrels per day at its next meeting in October, a source familiar with the Russian viewpoint said on Tuesday. The meeting will take place on October 5 against the backdrop of falling oil prices and months of severe market volatility which … Read more

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Germany Suspects Sabotage to Russia’s Nord Stream Gas Pipelines

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(Bloomberg) Germany suspects the damage to the Nord Stream pipeline system used to transport Russian gas to Europe was the result of sabotage. The evidence points to a violent act, rather than a technical issue, according to a German security official, who asked not to be identified because the matter is being probed. In response to … Read more

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Shell sees 2024 aviation fuel demand recovering to pre-pandemic levels

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SINGAPORE, Sept 27 (Reuters) – Global aviation fuel demand is expected to fully recover to pre-pandemic levels of 300 million tonnes per year in the next one to two years, the head of aviation at Shell (SHEL.L) said on Tuesday. Demand in the United States is back at 2019 levels while Europe’s consumption has recovered to … Read more

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Oil Climbs From Lowest Since January With Dollar’s Rally Paused

(Bloomberg) Oil rebounded after hitting the lowest level since early January as a rally in the dollar paused, buoying crude even as concerns remain about tighter monetary policy and weakening demand.West Texas Intermediate climbed back toward $78 a barrel after sinking more than 8% over the previous two sessions. A gauge of the US currency eased … Read more

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OPEC+ supply cut essential to buoy oil prices, UBS says

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An oil production cut by the Organization of the Petroleum Exporting Countries and allies is vital to break the negative momentum in prices amid recession fears and a stronger dollar, analysts at UBS said on Tuesday. “A lack of action by the group to remove barrels from the market is likely to spur further downside … Read more

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VAALCO Energy Announces Successful Drilling of North Tchibala 2H-ST Well and Provides Operational Update on FSO and Field Reconfiguration at Etame

September 27, 2022 02:00 ET | Source: VAALCO Energy, Inc. HOUSTON, Sept. 27, 2022 (GLOBE NEWSWIRE) — VAALCO Energy Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company“) today announced the successful drilling of the North Tchibala 2H-ST well that was drilled from the Southeast Etame North Tchibala (“SEENT”) platform in the Etame field, offshore Gabon. Additionally, the … Read more

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From ‘Dregs’ to Riches: US NatGas is More in Demand Than Crude Itself

Natural Gas

(Bloomberg) In the hydrocarbon-rich fields of Texas, natural gas was always treated like the dregs that crews had to deal with as they pulled oil out of the ground. The two often emerge from wellheads together, and so for decades drillers would simply burn off the gas or sell it at cost. Oil, and all … Read more

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US Would Trade Reserve Oil for Profit, Invest in EVs Under Democrats’ Bill

(Bloomberg) Democrats are pitching a plan that would allow the US government to buy and sell crude from its emergency reserves for a profit and use that money to fund electric-car charging infrastructure. Under the so-called Buy Low and Sell High Act introduced Monday, the Energy Department would be allotted more freedom to make sales and purchases of … Read more

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Texas Republican Endorses Democrat In Race for State’s Top Oil Watchdog

(Bloomberg) A Texas Republican has crossed party lines to endorse a Democrat in a race to oversee the oil and natural gas industry in the nation’s largest energy producer.Sarah Stogner, a former Republican nominee for Texas Railroad Commission, has endorsed Democrat Luke Warford over GOP candidate Wayne Christian in the general election. Stogner lost to … Read more

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U.S. official rules out secondary sanctions for Russian oil price cap

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September 26, 2022 A U.S. Treasury official has ruled out secondary sanctions to enforce a price cap mechanism on Russian oil exports despite a proposal last week by U.S. senators. Democratic and Republican senators last week proposed that U.S. President Joe Biden’s administration use secondary sanctions on international banks to strengthen the price cap aimed … Read more

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Three Great Deals From EnergyNow to Kick Start Your Digital Marketing: Limited Time Offer – Get Started Now

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Digital Marketing is More Important than Ever! Kick Start Your Digital Marketing to Access EnergyNow’s Audience of over 240,000 North American Energy Professionals As your Digital Marketing Partner EnergyNow Will: SHOWCASE your products and services to a large energy industry audience of over 240,000 energy professionals BUILD your brand and company awareness GENERATE identifiable sales … Read more

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Geoffrey Cann: Carbon, Capital, and the Cloud – A Summary

Geoffrey Cann

By Geoffrey Cann Carbon, Capital, and the Cloud celebrates 6 months in the market. Here’s an executive’s summary of its key messages. The Origin Story My first book, ‘Bits, Bytes, and Barrels: The Digital Transformation of Oil and Gas’, set out the business case for the oil and gas industry to adopt digital innovations to lower … Read more

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Explainer: When EU embargo comes, where will Russia sell its crude oil?

(Reuters) – Russia has ramped up oil shipments to Asia since Europe imposed sweeping sanctions, but still needs to re-route over a quarter of its crude exports away from Europe – or about 1.3 million barrels per day – when a full oil embargo hits in December. Russia exports around 20 million tonnes of crude … Read more

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More than 20 countries agree to boost low-emission hydrogen output by 2030

TOKYO, Sept 26 (Reuters) – More than 20 countries, led by Japan, have agreed to boost output of low-emission hydrogen to at least 90 million tonnes a year by 2030 from 1 million tonnes now, the Japanese industry ministry said on Monday. The agreement between countries including the United States, Australia and Germany came at … Read more

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Russia Oil-Price Cap Gets Polarizing Reviews from Top Players

Sep 26, 2022 (Bloomberg) A proposed price cap on Russian oil got a mixed reaction from traders and consultants at Asia’s biggest oil conference in Singapore, labeled a “bad idea” and a “minefield” from some of the industry’s biggest names. The price cap was a key talking point on day one of the Asia Pacific Petroleum … Read more

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Oil Falls as ‘Wrecking Ball’ Dollar Piles On Commodity Losses

Sep 26, 2022 (Bloomberg) Oil dropped again, with Brent sliding below $85 a barrel at one point, as the dollar’s surge and mounting recessionary concerns threatened global demand.The global oil benchmark hit the lowest intraday level since January as a Bloomberg gauge of the US currency rallied to an all-time high. Most other commodity markets from … Read more

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Oil Markets Are Volatile But They’re Not Broken

Hold onto your hats, 2022’s wild oil ride isn’t done yet. By Julian Lee Julian Lee is an oil strategist for Bloomberg First Word. Previously he worked as a senior analyst at the Centre for Global Energy Studies. Oil markets are broken. Extreme volatility and a lack of liquidity mean that crude futures have become disconnected from tight … Read more

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COP27 Climate Summit Homework Takes Backseat to the World’s Energy Realities

(Bloomberg) Russia’s invasion of Ukraine has brought the largest war to Europe in decades, sparked global food and energy crises, worsened inflation — and distracted leaders from the big climate promises they made last year at the COP26 meeting in Glasgow. Only 19 out of the 193 countries that vowed to put forward more ambitious targets to cut greenhouse gas … Read more

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4 Signs That it’s Time to Transition from Sage or QuickBooks to a True ERP

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Your company will reach the point where you outgrow Sage or QuickBooks. And that’s a good thing! It typically means you’ve scaled your operations and you’re facing new challenges. You’ve reached the point where you should no longer be using something built for everyone. You now need something built just for you. Both Sage and … Read more

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Manchin Appeals to GOP to Seize Moment on Energy Permitting Bill

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Sep 25, 2022 (Bloomberg) Democratic Senator Joe Manchin is still campaigning for votes on his plan to fast-track energy projects, while expressing confidence he’ll win enough bipartisan backing to pass the permitting legislation.Manchin, speaking on “Fox News Sunday,” appealed to Republicans and Democrats to align behind his measure, which seeks to speed up the approval process … Read more

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Germany’s Scholz seeks to deepen energy partnership with Saudi Arabia

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JEDDAH, Sept 24 (Reuters) – German Chancellor Olaf Scholz said on Saturday after a meeting with Saudi Arabia’s Crown Prince Mohammed bin Salman that he wants to deepen the energy partnership between the two countries. Speaking to reporters, Scholz said that the partnership should go beyond fossil fuels to include hydrogen and renewable energies. Germany, … Read more

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U.S. Drillers Add Oil and Gas Rigs for Second Week in a Row – Baker Hughes

Sept 23 (Reuters) – U.S. energy firms this week added oil and natural gas rigs for a second week in a row even as the rig count was on track to fall for a second consecutive month as supply chain disruptions and inflation continue to roil production. The oil and gas rig count, an early … Read more

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Sustainable fuel startup Air Company to sell sustainable aviation fuel to JetBlue, Virgin Atlantic

NEW YORK, Sept 22 (Reuters) – Sustainable fuel startup Air Company has multi-year agreements to sell jet fuel made from captured carbon emissions to carriers JetBlue Airways Corp (JBLU.O) and Britain’s Virgin Atlantic, the companies said on Thursday. Financial terms were not disclosed. Under the memoranda of understanding, JetBlue will buy 25 million gallons of Air … Read more

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Commentary: The “Inflation Reduction Act” is a 4-step recipe for destroying American energy – Alex Epstein

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By Alex Epstein Want to know whether a candidate is truly supportive of American energy? Here’s one simple test: Did they oppose the “Inflation Reduction Act”? If not, then they supported one of the most destructive energy policies in American history. The “Inflation Reduction Act” is a 4-step recipe for destroying American energy1. Make us … Read more

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Americans Have Always Bought Too Much Car. Now They’re Doing It With EVs

(Bloomberg) For US electric car shoppers, the magic number on range seems to be about 300 miles: In a survey commissioned by Bloomberg, nearly two-thirds of 5,500 respondents said that 300-plus miles of range was adequate to their needs, while less than 10% would settle for 200 or less. A 2021 Cox Automotive survey found similar results: an … Read more

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Unrealistic Demands Hindering European LNG Deals: Total CEO

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Europe’s frantic search for gas supplies in the wake of Russia’s invasion of Ukraine is being stymied by buyers’ unrealistic demands, TotalEnergies SE’s chief executive officer said. “If Europe wants some security of supply, it has a cost,” Patrick Pouyanne said in the Qatari capital, Doha, where the French energy company signed a deal to invest about … Read more

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Hydrogen Fuel Cells: The Future of Transportation? – ENERGYminute

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Courtesy of ENERGYminute   See more articles and infographics from ENERGYminute HERE by Aaron Foyer Fuel cell electric vehicles (FCEVs) are powered by combining hydrogen and oxygen to create electricity. The nascent technology could eventually compete with electric vehicles to replace the internal combustion engine. The science: A catalyst separates hydrogen into protons and electrons, which split and take … Read more

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UAE Signs Energy Agreement with Germany’s Scholz

Sept 25 (Reuters) – The president of the United Arab Emirates, Sheikh Mohammed bin Zayed al-Nahyan, has signed an agreement with German Chancellor Olaf Scholz that covers accelerating energy security and industrial growth, the state news agency (WAM) reported on Sunday. Abu Dhabi National Oil Company (ADNOC) signed an agreement to supply liquefied natural gas … Read more

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Exxon halts activity at Texas oilfield site following worker fatality

DENVER/HOUSTON, Sept 23 (Reuters) – Exxon Mobil (XOM.N) temporarily halted maintenance at an East Texas oil drilling facility after a fatality last week, which was at least the second death this year of a contractor at one of its Texas production sites. The incident occurred on Tuesday near Hawkins, about 110 miles east of Dallas. … Read more

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Commentary: The “Great Reset” Is Real And Wreaking Havoc – Michael Shellenberger

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Why are global elites demanding poor nations make energy expensive? By Michael Shellenberger More From Michael Shellenberger Demonstrators block roads and set fires during nationwide protests against the Haitian government’s decision, made under the advice of the United Nation’s International Monetary Fund, to cut fossil fuel subsidies (Photo by Georges Harry Rouzier/Anadolu Agency via Getty …