President Donald Trump touted his administration’s work on a “gigantic natural gas pipeline in Alaska” during his joint address to Congress. Summary by Bloomberg AI The project, which has been planned for decades, aims to transport natural gas across the state and export it overseas, with potential investment from Japan, South Korea, and other nations. …
Trump Touts Plans to Spur Mammoth Alaska Gas Export Project Read More »
Phillips 66 is fighting back against activist investor Elliott Investment Management in a letter to shareholders Wednesday. In the letter, which was reviewed by Bloomberg News, the energy company confirmed it met with Elliott earlier this week in New York before the hedge fund forged ahead with nominating candidates to Phillips 66’s board. The activist on Tuesday nominated seven directors, …
Phillips 66 Pushes Back Against Activist Elliott in Board Fight Read More »
Global oil demand will hit a record this year, driven by consumption in Asian countries, particularly China and India. Summary by Bloomberg AI Oil use is set to rise by 1.3 million barrels a day this year to just over 106 million a day, driven by petrochemicals and jet fuel. Summary by Bloomberg AI The …
Aramco CEO Sees Strong Oil Demand Amid OPEC+ Output Revival Read More »
Bloomberg News US Commerce Secretary Howard Lutnick is signaling there might be some relief from tariffs for Mexico and Canada sooner rather than later. Maybe even today. After two straight days of plunging equity markets as the largest act of American protectionism since the 1930s took hold, Lutnick said he spent all day on the …
Lutnick Touts ‘Fair’ Trump Brokering Tariff Mercy for Canada, Mexico Read More »
(Reuters) – Canadian midstream company Enbridge said on Tuesday that it plans to invest $2.5 billion in its liquids and natural gas systems, with $2 billion allocated to its Mainline network through 2028. The Mainline is North America’s largest crude oil pipeline network and transports light and heavy crude oil, natural gas liquids and refined …
Enbridge Earmarks $2 Billion Till 2028 for Mainline Network Upgrade Read More »
You’re invited to join Presto Geosystems for a live, 1-hour webinar to explore how the GEOWEB® Soil Stabilization System can significantly improve the life cycle of your road projects. Webinar Description When paved and unpaved roadway surfaces are built over weak subgrades, base deterioration can lead to degradation. This causes unwanted deflections, rutting, and cracking …
WEBINAR: Extend the Life of Paved & Unpaved Roadways Read More »
In the dynamic realm of H2S reporting within the oil and gas sector, the drive for efficiency and accuracy is more crucial than ever. This is where modern web-based tools, like XI Technologies’ RegulatorySuite, are making significant strides. These tools are designed to streamline H2S reporting processes, automating tasks to save time and enhance accuracy. Key …
Navigating H2S Hotspots: Streamline Your Reporting with XI Technologies Read More »
As the demand for sustainable energy solutions grows, Edmonton Exchanger (EDEX) stands out as a key supplier to the hydrogen and carbon capture industries. As a family-owned company that promotes a family culture, many employees have spent their entire careers at Edmonton Exchanger. This enables the company to develop and maintain its people, directly correlating …
Edmonton Exchanger: A Leader in Supporting the Hydrogen and Carbon Capture Industry Read More »
Gas demand is rising in the western U.S., and Uinta and Green River producers have ample supply and takeaway capacity.
(Reuters) – Tariffs on Canadian oil would need to be in place for years before significantly altering the amount of crude the U.S. imports from its northern neighbour, the CEO of Canadian pipeline company Enbridge Inc. said on Tuesday. CEO Greg Ebel told reporters the energy systems of the two countries are too integrated and …
