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Tuesday, September 17, 2024

April 1, 2024

Canada’s Federal Government Not Interested in Investing in LNG- oil and gas 360

Canada’s federal government not interested in investing in LNG

April 1, 2024

Oil Price The federal government of Canada is not interested in investing in any LNG projects or subsidizing such plans, Energy and Natural Resources Minister Jonathan Wilkinson told CTV in an interview aired on Sunday. The Canadian government doesn’t plan to subsidize the electrification of ongoing LNG projects, the federal minister of energy added. “The government is opposed to using government money

AI technology set to boost U.S. natural gas demand- oil and gas 360

AI technology set to boost U.S. natural gas demand

April 1, 2024

Oil Price U.S. natural gas producers believe they have a role to play in providing gas for the soaring power demand from data centers and AI technologies. While most large technology corporations seek solar or wind capacities to power their AI developments and data centers, renewables alone would not be enough to cover the growing demand for electricity, executives have

U.S. shale drillers to reduce Permian drilling emissions increase reliability with nuclear reactors- oil and gas 360

U.S. shale drillers to reduce Permian drilling emissions, increase reliability with nuclear reactors

April 1, 2024

World Oil (Bloomberg) – U.S. oil and gas companies including Diamondback Energy Inc. are considering small nuclear reactors to power drilling operations in Texas’s Permian basin, a move aimed at cutting carbon emissions and ensuring reliable access to electricity. Diamondback, the largest independent producer headquartered in the shale-oil region, has signed a nonbinding letter of intent with Oklo Inc. to

Oil stays near five-month highs as tighter supply looms- oil and gas 360

Oil stays near five-month highs as tighter supply looms

April 1, 2024

US News LONDON – Oil prices stayed near five-month highs on Monday as markets expected tighter supply due to OPEC+ cuts and after attacks on Russian refineries, while Chinese manufacturing data supported a stronger demand outlook. Brent crude was 35 cents lower at $86.65 a barrel by 1230 GMT after rising 2.4% last week. U.S. West Texas Intermediate crude was

OPEC oil output falls in March, led by Iraq - Reuters survey- oil and gas 360

OPEC oil output falls in March, led by Iraq – Reuters survey

April 1, 2024

Yahoo Finance LONDON – OPEC oil output fell last month, a Reuters survey found on Monday, reflecting lower exports from Iraq and Nigeria against a backdrop of ongoing voluntary supply cuts by some members agreed with the wider OPEC+ alliance. The Organization of the Petroleum Exporting Countries pumped 26.42 million barrels per day (bpd) last month, down 50,000 bpd from

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