(Reuters Breakingviews) – A sprawling global network of silicon has sprung up to power artificial intelligence. Housed within data centers, these chips demand vast sums of electricity to crunch the numbers behind the likes of ChatGPT. Yet both technology giants and energy utilities are incentivized to pad projections for how many of these facilities need …
(Reuters) – Oil prices steadied on Tuesday due to uncertainty in U.S.-Iran negotiations and Russia-Ukraine peace talks, while new government data delivered a cautious outlook for top crude-importer China’s economy. Brent futures for July slipped 7 cents, or 0.1%, to $64.75 a barrel by 0947 GMT. June U.S. West Texas Intermediate crude futures , which …
Oil Steadies as Market Assesses US-Iran Talks, Demand Signals Read More »
The U.S. Department of Energy will begin approving or rejecting pending applications for permits for liquefied natural gas exports to countries without any free trade agreement with the U.S., the agency said on Monday, after releasing a final study on the impact of further exports. In 2024, U.S. President Joe Biden’s administration paused such approvals …
US DOE to Begin Issuing Orders for Pending LNG Export Permits Read More »
U.S. natural gas futures fell about 7% to a three-week low on Monday on a small increase in output over the last few days even though pipeline maintenance curtailed some gas flows from the Permian Basin in West Texas. That pipeline work in Texas trapped some gas in the Permian shale and caused spot prices …
US Natgas Futures Fall 7% to 3-Week Low on Rising Output, Spot Waha Prices Turn Negative Read More »
Continental Resources alleges that it was paid below market value for non-operated interests it held in Hess Corp. wells in the Bakken.
Continental Resources alleges that it was paid below market value for non-operated interests it held in Hess Corp. wells in the Bakken.
“There are a number of different stratigraphic intervals that have not been fully developed” in the Williston Basin, said Doug Lawler, Continental Resources’ president and CEO, at SUPER DUG.
Occidental Petroleum is venturing beyond the Wolfcamp and Spraberry to explore deeper potential in the Permian Basin’s Strawn, Atoka, Wichita-Albany and Barnett formations.
Here’s a roundup of the latest E&P headlines, from a new oil discovery offshore Brazil to Libya’s latest upstream licensing round.
Five Point Infrastructure’s Northwind Midstream has focused on sour gas treatment since its formation in 2022.
