mark

Looking Under the Hood: Northvolt Collapse Countdown Started with BMW Order Cancellation

Batteries, CDN and International News, Electric Vehicles, Energy Topics & Technology, Latest / By

Started clock ticking on Chapter 11 filing by EV battery maker For Northvolt AB, the Swedish startup that became a poster child for Europe’s electric-driving future, the route to collapse started in June when BMW AG cancelled a multi-billion-dollar order. Back then, few saw the significance of the move, which effectively started a countdown that would culminate …

Looking Under the Hood: Northvolt Collapse Countdown Started with BMW Order Cancellation Read More »

Oil Rises After Selloff on Possible Middle East Ceasefire

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

Summary Israel and Hezbollah close to ceasefire deal OPEC+ could leave output cuts in place from Jan. 1 Trump says he will impose 25% tariff on Canadian, Mexican goods President-elect plans to increase U.S. oil drilling (Reuters) – Oil prices rose on Tuesday after falling more than $2 a barrel in the previous session as …

Oil Rises After Selloff on Possible Middle East Ceasefire Read More »

U.S. Oil Firms Unlikely to Go ‘Drill, Baby, drill’ Under Trump, says Exxon Executive – “Everybody is Focused on the Economics”

Conventional Energy, Latest, Natural Gas, Oil, Pinned Primary, US News / By

U.S. oil and gas producers are unlikely to radically increase production under president-elect Donald Trump as companies remain focused on capital discipline, a senior executive at Exxon Mobil  said on Tuesday. “We’re not going to see anybody in ‘drill, baby, drill’ mode,” Liam Mallon, head of Exxon’s upstream division, told the Energy Intelligence Forum conference in …

U.S. Oil Firms Unlikely to Go ‘Drill, Baby, drill’ Under Trump, says Exxon Executive – “Everybody is Focused on the Economics” Read More »

E&P Highlights: Nov. 25, 2024

Latest / By

Here’s a roundup of the latest E&P headlines, including North Sea production updates as well as major offshore contracts and a transfer of interests by Exxon in Suriname.

BP CEO Auchincloss Says Oil Demand Keeps Surprising Us to the Upside

CDN and International News, Conventional Energy, Latest, Oil / By

(Reuters) – BP Chief Executive Murray Auchincloss said that global oil demand continued to surprise to the upside, speaking at the Energy Intelligence forum in London on Monday. He said oil demand kept rising on average by more or less 1% each year, depending on economic circumstances. BP expected robust oil consumption for the next …

BP CEO Auchincloss Says Oil Demand Keeps Surprising Us to the Upside Read More »

Mexican Oil Service Providers Ask Pemex to Pay Down Debt

CDN and International News, Conventional Energy, Latest, Oil / By

(Reuters) – The association that represents the interests of some of the most important oil service providers in Mexico asked state company Pemex to pay overdue debts totaling 103.6 billion pesos ($5.1 billion), a letter made public on Monday shows. In the letter dated Nov. 15 and addressed to the country’s energy and finance ministers …

Mexican Oil Service Providers Ask Pemex to Pay Down Debt Read More »

All 3 Trains at Freeport LNG Plant in Texas Seen Back on Monday, LSEG Data Shows

Conventional Energy, Latest, LNG, US News / By

(Reuters) – All three liquefaction trains at Freeport LNG’s export plant in Texas were expected to be back in service on Monday, according to preliminary data from financial firm LSEG. Freeport told environmental regulators that liquefaction Train 2 tripped while operating around midday on Nov. 22 due to an issue with a compressor system, resulting …

All 3 Trains at Freeport LNG Plant in Texas Seen Back on Monday, LSEG Data Shows Read More »

Oil Falls More Than 2% on Possible Middle East Peace Deal

Conventional Energy, Latest, Oil, US News / By

(Reuters) – Oil prices fell more than 2% on Monday after multiple reports that Israel and Lebanon had agreed to the terms of a deal to end the Israel-Hezbollah conflict, citing unnamed senior U.S. officials. Brent crude futures were down 2.45%, or $1.84, at $73.34 a barrel by 11:17 a.m. CST (1717 GMT), while U.S. …

Oil Falls More Than 2% on Possible Middle East Peace Deal Read More »

Subscribe
Subscribe