Takeaways by Bloomberg AI China has brought Power of Siberia 2 a step closer to becoming reality and appears to have agreed to expanded capacity on other routes, tightening its ties with Russia. The pipeline agreement and other concessions made by China are seen as a significant geopolitical message, with China hedging against its exposure …
Putin’s Energy Wins in China Deal a Blow to Trump’s Export Push Read More »
Takeaways by Bloomberg AI Energy Secretary Chris Wright says soaring US electricity prices are his biggest concern. Electricity prices across the country rose at more than twice the rate of overall inflation in the past year and are holding near a record high. Residential electricity prices have climbed about 10% from January until May and are …
Energy Chief Says High Power Bills Are His Top Concern Read More »
(Reuters) – Shell will not resume construction of a biofuels facility at its Shell Energy and Chemicals Park in Rotterdam after an in-depth evaluation found it would not be competitive, the company said on Wednesday. The project’s construction was paused in July 2024 due to weak market conditions. Shell in September 2021 had approved the development of …
Shell Scraps Plans for Biofuels Facility in Rotterdam Read More »
Venezuela’s government is slowly allowing the use of dollar-tied cryptocurrencies in currency exchanges for the private sector, a dozen sources said, as U.S. restrictions on oil exports reduce available foreign currency. Sanctions by the United States, which the Venezuelan government has characterized as “economic war,” prevent many business transactions, forcing companies seeking to buy raw …
With Dollars Scarce, Venezuela Currency Exchanges Turn to Crypto Read More »
Summary Eight OPEC+ countries to meet on Sunday OPEC+ could also pause hikes for October, source says No immediate comment received from OPEC or Saudi authorities (Reuters) – OPEC+ will consider further raising oil production at a meeting on Sunday, two sources familiar with the discussions said, as the group seeks to regain market share. …
OPEC+ to Consider Further Oil Output Hike on Sunday Read More »
Are you losing the energy data battle? In an industry where precision is power and every second counts, energy professionals are grappling with a growing crisis: data chaos. From the depths of legacy systems and local drives to the familiar clutter of spreadsheets, file boxes, and even handwritten notes, critical information is scattered and siloed, …
How to Unlock Success with Centralized Data Management Read More »
(Reuters) – EOG Resources CEO Ezra Yacob confirmed on Tuesday that the company’s project with the Abu Dhabi National Oil Company is running on schedule, with ADNOC drilling horizontal wells and testing oil to the surface at a shale block in the United Arab Emirates. Houston-based EOG Resources operates the block and had expected to …
ADNOC Starts Drilling Wells at EOG Resources’ UAE Shale Play Read More »
(Reuters) – U.S. President Donald Trump said on Tuesday he was “very disappointed” in Russian President Vladimir Putin and added without elaborating that his administration was planning to take some actions to bring down deaths in Russia’s war in Ukraine. The Republican leader also said he was not concerned about warm ties between Russia and …
Trump Says He is ‘Very Disappointed’ with Putin over Ukraine Read More »
Continental Resources, a stalwart of the Bakken play, is expanding drilling into deeper Williston Basin targets, according to a Hart Energy analysis.
Dorchester Minerals completed an acquisition of D-J Basin minerals interests totaling approximately 3,050 net royalty acres in Adams County, Colorado.
