NEW YORK, Aug 31 (Reuters) – U.S. field production of crude oil rose 1.6% in June to 12.844 million barrels per day, the highest since February 2020, before the coronavirus pandemic destroyed demand for fuel and other oil products, the Energy Information Administration said on Thursday. Production in Texas rose 1.1% to 5.518 million bpd, …
U.S. Crude Oil Output Rises in June to Highest Since Feb 2020, EIA Says Read More »
U.S. commercial crude oil inventories have depleted by 34 million barrels since the middle of July, contributing to a sense the market is tightening and driving a recovery in spot prices and calendar spreads. Commercial crude inventories have declined in five of the most recent six weeks, according to surveys conducted by the U.S. Energy …
Depleting U.S. Crude Inventories Lift Oil Prices: John Kemp Read More »
House Republicans are probing Hawaiian Electric Industries Inc.’s role in the deadly Lahaina wildfire amid a contentious blame game over the blaze that killed at least 115 people and caused more than $5.5 billion in damages. House Energy and Commerce Committee Chair Cathy McMorris Rodgers and other committee leaders said in a letter they are …
Hawaiian Electric’s Role in Maui Blaze Subject of GOP Probe Read More »
Orsted A/S’s potential $2.3 billion impairment on its US projects is just the latest in a string of recent setbacks for the nascent US offshore wind industry, which is struggling to fulfill ambitious goals set by President Joe Biden.Supply-chain issues, high interest rates and a so-far-unsuccessful bid for more federal tax credits threaten three planned projects off the US …
Wind Woes: Orsted’s $2.3 Billion Charge Exposes US Offshore Wind Woes Read More »
LONDON/WASHINGTON, Aug 31 (Reuters) – Iran’s oil output and exports jumped in August despite U.S. sanctions, according to consultants and companies that track tanker shipments, as Tehran sells to buyers including China. Analysts said the higher exports appear to be the result of Iran’s success in evading U.S. sanctions and Washington’s discretion in enforcing them …
Iran’s oil output, exports rise as Washington, Tehran talk Read More »
DETROIT, Aug. 30, 2023 (GLOBE NEWSWIRE) — DT Midstream, Inc. (NYSE: DTM) announced today the early commissioning of its LEAP phase 1 expansion, increasing its capacity from 1.0 Bcf/d to 1.3 Bcf/d, ahead of its planned Q4 2023 in service date and on budget. The pipeline’s phase 2 and phase 3 expansions remain on track …
How are Lithium Batteries Recycled? Today we find out. Whether its Electric Car batteries, cell phone batteries, or tool batteries the process is all the same. HUGE thanks to Li-Cycle for giving us a tour: https://www.li-cycle.com/
LITTLETON, Colorado, Aug 29 (Reuters) – The low interest in the first-ever auction of offshore wind farm development rights in the Gulf of Mexico marks a potentially serious setback for U.S. President Joe Biden’s green energy agenda, and the U.S. offshore wind sector in general. U.S. officials had touted the auction as a key milestone …
COMMENTARY: U.S. Offshore Wind Sector Faces Key Test After Weak Gulf Auction Read More »
Introduction The oil and gas sector is a cornerstone of the global energy infrastructure. As pressures from environmental concerns, operational efficiency, geopolitical events, and safety protocols mount, there is an undeniable need for innovation. 3D laser scanning, an emerging technology, is proving to be that innovation, profoundly altering how the industry operates. In this article, …
The Future of Oil and Gas: How 3D Laser Scanning is Transforming Industry Norms Read More »
LG Energy Solution Ltd., a battery supplier for General Motors Co. and Tesla Inc., is testing investor demand for a potential dollar-denominated sale of green bonds as the South Korean firm seeks to slash its carbon emissions. The company mandated Bank of America Corp., Citigroup Inc., Morgan Stanley, Standard Chartered Plc and Korea Development Bank …
Battery Giant LG Energy Weighs Green Bond Sale to Cut Emissions Read More »
