Longevity in Mind, Utah FORGE and Partners De-risk Tech to Advance Geothermal
RESMAN Energy Technology used its chemical tracers for the first time in an enhanced geothermal setting during testing at Utah FORGE’s drilling site.
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Shell Takes FID on Carbon Capture, Storage Projects in Canada
Shell’s CCS projects are expected to start operations near the end of 2028, Shell said in a news release.
U.S. Crude Stocks and Gasoline Inventories Rise, Distillate Inventories Fall, EIA Says
U.S. crude stocks and gasoline inventories rose while distillate inventories fell in the week ending June 21, the Energy Information Administration said on Wednesday. Crude inventories rose by 3.6 million barrels to 460.7 million barrels, the EIA said, compared with analysts’ expectations in a Reuters poll for a 2.9 million-barrel draw. Crude stocks at the …
U.S. Crude Stocks and Gasoline Inventories Rise, Distillate Inventories Fall, EIA Says Read More »
Energy Investor Kimmeridge Takes Control of Commonwealth LNG
Ex-BP executive Lawler hired to lead Texas Gas subsidiary Fund boosts stake in Louisiana LNG project to more than 90% Energy-focused private equity firm Kimmeridge is taking a majority ownership stake in the proposed Commonwealth LNG project and naming a former BP Plc executive to lead the venture, marking a major bet on the future of the …
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Is Natural Gas a Fossil Fuel Trap or a Bridge to Clean Energy?
Never before has natural gas played a bigger role in fulfilling the world’s energy needs. While consumption of oil and coal are poised to peak, demand for gas is rapidly growing, setting it up to be the last fossil fuel standing as nations adopt cleaner sources in an effort to avert the worst consequences of climate change. …
Is Natural Gas a Fossil Fuel Trap or a Bridge to Clean Energy? Read More »
VW Latches Onto Rivian in US$5 billion EV Pact to Catch up to Tesla
Deal is a financial lifeline for Rivian as automakers rethink strategies in a slowing EV market Bloomberg News Volkswagen AG is taking another swing in its long struggle to catch up with Tesla Inc., plowing US$5 billion into a tie-up with that company’s closest would-be rival, Rivian Automotive Inc. VW and Rivian are set to jointly develop battery-powered …
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Guyana Selects Former Exxon Exec’s Firm to Engage with Exxon in Gas Project
(Reuters) – A newly formed company headed by a former Exxon Mobil executive was selected to support the Guyana government and Exxon to create a new independent natural gas development in the country, Guyana’s Ministry of Natural Resources said. Fulcrum LNG offered “the most comprehensive and technically sound proposal” among 17 bidders, the government said in …
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Hedge Funds Rebuild Oil Position After OPEC⁺ Round Trip
By John Kemp (Reuters) – Portfolio investors have rebuilt their position in crude oil after reassurance from Saudi Arabia and its OPEC⁺ allies that any planned future increases in production would be contingent on market conditions. Last week hedge funds and other money managers turned their attention to boosting Brent positions, after a large jump in …
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Global LNG Market Remains in Fragile Equilibrium on Limited Supply, IGU Says
The global liquefied natural gas (LNG) market has a new found, but fragile equilibrium, following two years of volatility, due to lack of spare supply in the near-term, the International Gas Union (IGU) said in a report on Wednesday. Global LNG trade reached a record level of 401.42 million metric tons in 2023, growing by …
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Major Canadian LNG News: Cedar LNG Announces Positive Final Investment Decision
World’s First Indigenous Majority-Owned, Hydro-Powered, Floating LNG Facility Becomes a Reality KITAMAAT VILLAGE, British Columbia–(BUSINESS WIRE)–The Haisla Nation and Pembina Pipeline Corporation (“Pembina”) (TSX: PPL; NYSE: PBA), partners in Cedar LNG Partners LP (“Cedar LNG”), today announced a positive Final Investment Decision (“FID”) on the Cedar LNG Project, a floating liquefied natural gas (“LNG”) (“FLNG”) facility with a …
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