Canadian Teamsters Hold Second Vote on Railway Strike
The union approved for the strike to start May 21, but faced a delay due to a government safety review.
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Private E&Ps Pursue Dollars Amid Change
Producers contend with roiled capital markets as consolidation alters the strategic landscape.
U.S. Electric Utilities Turn to Batteries to Shift Power from Low-Price to High-Price Periods
(Reuters) – Electric utilities in the U.S. are increasingly turning to batteries to shift power from periods of low prices to high-priced ones, according to an analysis from the U.S. Energy Information Administration. The strategy, referred to as arbitrage, involves utilities charging batteries by buying electricity during low-cost periods and then selling that electricity when …
Venezuela Resorts to Dark Fleet to Supply Oil to Ally Cuba
Venezuela’s state oil company PDVSA has begun using tankers that navigate off radar to supply its closest political ally, Cuba, as a fleet of state-owned vessels that have historically covered the route dwindles, according to documents and ship monitoring services. Cuba and its main oil supplier, Venezuela, for over a decade had exclusively used their …
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FortisBC, EverGen Ink 20-year RNG Deal
FortisBC will purchase up to 160,000 gigajoules of RNG from EverGen Infrastructure’s biogas facility in British Columbia, according to a news release.
Exxon, South Korea’s SK On Sign Non-binding Deal for Lithium Supply
SK On, a unit of SK Innovation, intends to use the lithium for making EV batteries in the U.S.
Kinetik Closes Acquisition of Durango’s New Mexico Delaware G&P Assets
Kinetik Holdings closed a $765 million acquisition of Durango Permian LLC, deepening Kinetik’s footprint of gas gathering and processing assets in the Delaware Basin.
Surge of Longer Lateral Drilling to Enhance Reservoir Recovery
With energy demand growing, operators look to supply hydrocarbons by drilling longer wells.
The Carbon Cleanup Industry Is Growing in Louisiana
Startup Heirloom announced it will be building facilities to suck carbon from the air in the northwest corner of the state, thanks to a skilled workforce and ideal geology. The Biden administration’s hub to clean carbon from the air in northwest Louisiana is getting company. On Monday, Heirloom Carbon announced that it’s constructing a facility with machines …
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Barclays CEO Says Banks Can’t Go ‘Cold Turkey’ on Oil Clients
The chief executive of Barclays Plc characterized as unrealistic growing calls for the finance industry to abandon fossil-fuel clients. Banks “cannot go cold turkey” on the oil and gas industry, Barclays CEO CS Venkatakrishnan told Bloomberg’s Anna Edwards at the Bloomberg Sustainable Finance Forum in London on Tuesday. While Barclays’ is “very much moving from away from” coal and oil, the …
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