Sunday, January 19, 2025
ExxonMobil “scales up” carbon capture business in Louisiana with $600,000 university donations- oil and gas 360

ExxonMobil “scales up” carbon capture business in Louisiana with $600,000 university donations

World Oil (WO) – Louisiana’s Vermilion Parish will be home to a landmark CO2 transportation and storage project ExxonMobil is building to help the state’s industries reduce their emissions.       As the University of Louisiana at Lafyette has announced, ExxonMobil Corp. made the following contributions: Two $50,000 endowed scholarships for first-year students from Vermilion Parish who are pursuing

House Republicans propose the study of an oil naval blockade of China- oil and gas 360

House Republicans propose the study of an oil naval blockade of China

Oil Price The House of Representatives is discussing a move that would effectively amount to an act of war if carried out: a naval blockade on China. The proposal for an amendment to the next defense budget of the United States came from Republican Rep. Ronny Jackson from Texas, the Epoch Times reports, and was among another 800 amendments approved by the

US Mountain Valley natgas pipe moving forward, capacity may be limited- oil and gas 360

US Mountain Valley natgas pipe moving forward, capacity may be limited

Nasdaq The $6.6 billion Mountain Valley natural gas pipeline from West Virginia to Virginia is on track to get final permits by Saturday, moving the long-delayed project closer to re-starting construction. Some analysts, however, said that even when the pipe enters service, which could be as soon as the end of 2023, it would only operate at half capacity or

U.S. rig count had an increase of 1 this week, at 585- oil and gas 360

U.S. rig count had a decrease of 5 this week, at 682

Oil and Gas 360 This week’s Baker Hughes Rig Count shows that U.S. had a decrease of 5 over last week, resulting in a total count of 682 rigs. Canada had an increase of 10 over last week, resulting in a total Canadian count of 169 rigs. Breakdown by region Of the regions tracked by Baker Hughes, only the Eagle

Investor confidence crisis grips Siemens Energy after record sell-off- oil and gas 360

Investor confidence crisis grips Siemens Energy after record sell-off

Nasdaq FRANKFURT – A record sell-off in Siemens Energy ENR1n.DE shares has laid bare a major loss of confidence by investors in the group’s ability to fix its struggling wind turbine division, leaving them fearful of what else to expect down the road.   Siemens Energy’s stock plunged by a third on Friday, knocking more than 6 billion euros ($6.5 billion) off the group’s

Oil resumes slide on demand worries after latest rate hikes- oil and gas 360

Oil resumes slide on demand worries after latest rate hikes

CNBC Oil dropped over 1% on Friday and was heading for a weekly decline, as a UK interest rate hike added to concern over economic growth that outweighed lower U.S. crude stocks and other signs of tighter supplies. It was the second straight day of losses. Crude had dropped about $3 on Thursday after the Bank of England raised interest rates by a bigger-than-expected half a percentage point. Central