Sunday, March 9, 2025

Big Oil Bets on Gas

From CNBC/Financial Times/Reuters It took eight weeks for the world’s largest floating gas production vessel to be hauled by tugboats from a South Korean shipyard to the spot almost 500km off the north-west coast of Australia where it was moored last month. For the next 25 years this red-hulled Goliath — the length of four football pitches and nine-times the

Electric Semi Could Debut with such a Steep Discount, Fleets Couldn’t Say ‘No’

Tesla’s secretive semi could come with $100k Price: Morgan Stanley From CCJ Not much is known about the electric semi Tesla is expected to debut later this month, including the day and time the truck will be announced. However, Ravi Shanker, an analyst for investment house Morgan Stanley anticipates the cutting edge truck will come with a steeply discounted sticker price when compared

As Irma Bore Down, Tesla Turned On Extended Range for Florida Owners

Remote temporary upgrade: an extra 40 miles From the Washington Post As Florida residents fled Hurricane Irma over the weekend, some Tesla owners got a little surprise from the automaker to help them get out of the danger zone. On Saturday, Tesla began pushing a software update that increased the battery capacity of some Model S sedans and Model X SUVs. All the cars

Kuwait’s Long-Term Strategy: Developing Oilfields with Iraq – Govt Keen for Speedy Deal 

From MENAFN – Arab Times An Amiri decree is on its way to the Kuwaiti Parliament for the approval and implementation of a memorandum of understanding (MoU) signed by the governments of #Kuwait and #Iraq to develop the four shared oil fields in the southern part of Iraq. These four oil fields are Al-Abedeli and Al-Ratqa on the Kuwaiti side, and Al-Rumilah and Safawan

BP Chief says North Sea Costs are $15 per Barrel

Dudley credits standardization, simplification In a talk he gave last week at the Society of Petroleum Engineers Offshore Europe conference in Aberdeen, BP CEO Bob Dudley said his company has cut production costs by half in the North Sea. “This focus on standardization, simplification and discipline on cost has contributed to our average production costs in the North Sea coming

Buckeye readies Puerto Rico terminal restart after Irma leaves area

From Reuters Buckeye Partners LP expects to resume limited operations at its Yabucoa oil terminal in Puerto Rico later on Thursday as Hurricane Irma leaves the area, but said power is still out in the region. The U.S.-based midstream company, which had closed the 4.6-million-barrel terminal on Wednesday, said all employees are safe and accounted for after the storm. “Our

Valero announces new Texas pipeline deal

From the San Antonio Business Journal San Antonio-based refining company Valero Energy Corp. will soon be able to move up to 60,000 barrels of gasoline and other refined products per day from its facilities in Houston to the suburbs of Austin. Valero (NYSE: VLO) announced on Wednesday morning that its subsidiary V-Tex Logistics LLC entered into a construction deal with