Is Enbridge Stock a Buy, Sell, or Hold?
March 22, 2024
2024-03-22 16:50:00 ET Investing in the stock market is a great way to put your funds to wo…
World oil demand outpacing expectations, challenging peak crude predictions
March 22, 2024
World Oil (Bloomberg) – The world is using more oil than ever and demand is outpacing expectations again this year, raising questions about how soon global consumption will peak. The unabated thirst for crude contributed to an increasingly confident tone from executives at this year’s CERAWeek by S&P Global conference, the industry’s annual get together in Houston, America’s energy capital.
BlackRock dismayed by Texas Fund decision to divest $8.5 billion in assets
March 22, 2024
Oil Price BlackRock has asked Texas authorities to reconsider the withdrawal of $8.5 billion in assets of the Permanent School Fund from the asset manager. The decision to withdraw from BlackRock was announced earlier this week by the Texas State Board of Education Chair, who cited the 2021 law that Texas passed to penalize financial firms that, according to state
November presidential election critical to secure Alaska’s energy future, Gov. Dunleavy reports at CERAWeek
March 22, 2024
World Oil (WO) – During CERAWeek by S&P Global’s fourth day in Houston, Texas, Vice Chairman Dan Yergin sat down with Mike Dunleavy, Alaska’s Governor, to discuss the future of Alaskan energy. Alaska’s “extraordinary” resource potential. During the discussion and following press conference, Gov. Dunleavy made it clear that Alaskan resources are “extraordinary” due to the state’s unique location and
Brazil exploring ways to import gas from Argentina’s Vaca Muerta play, energy minister says
March 22, 2024
Nasdaq HOUSTON – Brazil is exploring ways to import natural gas from Argentina’s massive Vaca Muerta formation, including the possible reversal of a pipeline now used for transporting Bolivian gas, as it looks to ease its gas deficit, Mines and Energy Minister Alexandre Silveira told Reuters on Thursday. Brazil has become Latin America’s largest crude oil producer, but its gas
Department of the Interior proposes second offshore wind auction in Gulf of Mexico
March 22, 2024
World Oil (WO) — The Department of the Interior announced its proposal for a second offshore wind energy auction in the Gulf of Mexico. The proposed lease sale includes four areas offshore Louisiana and Texas, totaling 410,060 acres, which the department claims has the potential to power 1.2 million homes. With the proposed sale, BOEM is seeking feedback on various
U.S. rig count had a decrease of 5 this week, at 624
March 22, 2024
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 624 rigs. Canada had a decrease of 38 over last week, resulting in a total Canadian count of 169 rigs. Breakdown by region Of the regions tracked by Baker Hughes, no regions experienced
EXCLUSIVE-Mexico’s Pemex put off repairs despite vast methane leaks: documents and sources
March 22, 2024
Nasdaq MEXICO CITY – Mexican state energy company Pemex put off urgent repairs and maintenance at an important offshore platform for months, resulting in methane spewing into the atmosphere, according to internal documents and three sources familiar with the infrastructure. Methane, the main component of natural gas, is a much more potent driver of global warming in the short term
Exxon slightly ahead of schedule to double its LNG portfolio by 2030
March 22, 2024
Oil Price ExxonMobil is slightly ahead of schedule in its work to double its LNG portfolio by 2030, Peter Clarke, senior vice president for global LNG, has told Reuters in an interview. In 2020, Exxon said it aims to double its LNG portfolio from 20 million tons per year to 40 million tons annually by the end of the decade. Exxon’s
