Will Argentina’s oil industry benefit from Trump?
(Oil Price) – A national energy emergency declaration, a pledge to boost oil and gas production, and the threat of tariffs on Canadian oil—these are just a few of President Trump’s first moves in the energy game since he came into office. These moves have
Oil prices weaker on slide on tariff and production jitters, weak China data
(Investing) – Oil prices slipped lower Monday in volatile trading, as traders digested President Donald Trump demands that the OPEC lower crude prices as well as his brief imposition of tariffs on Colombia. At 08:55 ET (13:55 GMT), Brent oil futures expiring in March fell 0.4% to
Chevron partners with Engine No. 1, GE Vernova to power US data centers
(BOE Report) – Energy major Chevron said on Tuesday it has signed an agreement with investment firm Engine No. 1 and GE Vernova to build natural gas-based power plants to run co-located data centers in the U.S. The announcement comes just a week after U.S. President
U.S. LNG supply will not increase overnight, cautions Exxon
(World Oil) – (Bloomberg) – New supplies of liquefied natural gas take time to develop, and significant new capacity will only start kicking in over the coming years, a senior Exxon Mobil Corp. executive said. Demand for LNG is rising as Europe turns to
Chevron partners with Engine No. 1, GE Vernova to power US data centers
(BOE Report) – Energy major Chevron said on Tuesday it has signed an agreement with investment firm Engine No. 1 and GE Vernova to build natural gas-based power plants to run co-located data centers in the U.S. The announcement comes just a week after U.S. President
Lyondell to begin closure of Houston refinery this weekend, sources say
(Investing) – HOUSTON – LyondellBasell Industries (NYSE:LYB) will begin the permanent closure of its 263,776 barrel-per-day Houston refinery this coming weekend, said people familiar with plant operations. Layoffs of up to 400 employees at the refinery are scheduled to begin two months after the shutdown
Talos Energy discovers oil, natural gas at Katmai well in Gulf of Mexico
(World Oil) – Talos Energy Inc. (Talos) has announced that the Katmai West #2 well located in the Ewing Bank area of the U.S Gulf of Mexico successfully encountered commercial quantities of oil and natural gas. “We are proud of our team for achieving
U.S. reinstates certificate for Williams’ Transco pipeline’s expansion project
(BOE Report) – The U.S. energy regulator has reinstated the certificate for Williams Companies’ Transcontinental Gas Pipe Line (Transco) on Friday, the company said on Monday, which would allow the expansion of the project. Last year, a U.S. appeals court said the Federal Energy Regulatory
Trump signs executive order to unleash American energy
(Oil Price) – U.S. President Donald Trump signed on his first day in office an executive order to unleash America’s energy by easing the barriers to oil and gas extraction and production and revoking a series of climate orders by President Biden. As pledged in the campaign
The Panama Canal is key to American LNG
Oil Price Back in March, S&P Global reported that a record 24 cargoes carrying nearly 1.6 million metric tons of U.S. LNG had reached Asia via the Cape of Good Hope in the first three months of 2024, with exporters choosing the much longer route and
US oilfield firms face pricing squeeze as fracking demand slumps
(Investing) – HOUSTON – Top U.S. oilfield services firms are facing weaker pricing and revenue this year as oil producers become increasingly efficient and keep a cap on spending, according to oilfield executives and analysts. U.S. producers, mainly shale companies which led a fracking revolution
