World Oil (Bloomberg) – America’s oil and gas boom got a surprising endorsement Thursday from the president’s top climate adviser, as John Podesta hailed surging domestic production as an economic win for the country. The growth has made the U.S. the world’s largest oil producer — pumping almost 50% more crude each day than Saudi Arabia. It’s “been good for
Calgary, Alberta–(Newsfile Corp. – September 20, 2024) – Greenfire Resources Ltd. (NYSE: GF…
2024-09-20 20:30:00 ET With inflation easing and the United States Federal Reserve slashing…
Oil Price The refining industry is witnessing the end of the supercycle of huge profits and record margins that began with the post-pandemic surge in demand and war- and sanctions-related supply disruptions. This year, weaker Chinese economy and fuel consumption, a wave of new refining capacity in the Middle East and Africa, and underwhelming demand in developed economies have depressed
BOE Report Chevron does not want to invest in the construction of U.S. LNG plants, as it is not the best use of the company’s capital and it can easily sell its U.S. gas, said a top official on Thursday. The head of Chevron’s midstream, Colin Parfitt, also ruled out taking an equity stake in Woodside Energy’s impending purchase of Louisiana-based
Oil Price French supermajor TotalEnergies announced on Friday the start of natural gas production from the Fenix gas field offshore in southern Argentina. The Fenix field has been developed to have a production capacity of 10 million cubic meters per day, or 70,000 barrels of oil equivalent per day, (boe/d). The field, 60 km (37 miles) off the coast of Tierra del
World Oil (WO) – Halliburton Company introduced the Octiv Auto Frac service, the latest addition to the Octiv Intelligent Fracturing Platform. The Octiv platform digitizes and automates workflows, information, and equipment across all aspects of the company’s fracture operations. This results in safer, more efficient operations for our customers and for Halliburton. The Octiv Auto Frac service improves operational consistency
CNBC Constellation Energy plans to restart the Three Mile Island nuclear plant and will sell the power to Microsoft, demonstrating the immense energy needs of the tech sector as they build out data centers to support artificial intelligence. Constellation expects the Unit 1 reactor at Three Mile Island near Middletown, Pennsylvania, to come back online in 2028, subject to approval by
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