Less Flaring, More Bitcoin: Startup Catches Eye of Halliburton Labs
360 Energy, a startup that sets up generators on pad sites and uses the electricity for cryptocurrency, has recently caught the attention of Halliburton Labs.
Seadrill Completes Sale of Jackup Rig West Prospero
Seadrill has sold its West Prospero jackup rig for $45 million in cash in an effort to exit the jack-up rig market.
Energy North: Top 10 Good News Stories About Canadian Energy in 2024
Record oil production, more Indigenous ownership and inching closer to LNG By Deborah Jaremko It’s likely 2024 will go down in history as a turning point for Canadian energy, despite challenging headwinds from federal government policy. Here’s some of the good news. 10. New carbon capture and storage (CCS) projects to proceed In June, Shell announced it …
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VANTAGE DRILLING ANNOUNCES APPOINTMENT OF CHIEF OPERATING OFFICER
Dubai, Dec. 31, 2024 (GLOBE NEWSWIRE) — Vantage Drilling International Ltd. (the “Company”) announces that William L. Thomson will assume the additional role of Chief Operating Officer with effect from 1 January, 2025, reporting directly to Ihab Toma, Chief Executive Officer, and will continue to be based in Vantage’s Dubai office. Mr. Thomson, who is …
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Russia Reduces Gas Flow to Europe via Ukraine on Last Day of Expiring Deal
Summary • Ukraine gas transit deal expires on Jan. 1 • European gas price reaction is muted • Russia lost EU gas markets to US, Norway, Qatar • EU industrial decline exacerbated by loss of Russian gas (Reuters) – Russian energy company Gazprom said it would pump a reduced volume of gas to Europe via …
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Oil Set for Annual Loss Although Buoyed on the Day by China Data
Reuters – Oil prices were on track to end 2024 with a second consecutive year of losses, although they rose on the day on Tuesday after data showed China’s manufacturing activity expanded in December. Brent crude futures rose by 54 cents, or 0.73%, to $74.53 a barrel as of 1107 GMT. U.S. West Texas Intermediate …
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EQT Closes Midstream Joint Venture with Blackstone Credit & Insurance
PITTSBURGH, Dec. 30, 2024 /PRNewswire/ — EQT Corporation (NYSE: EQT) (together with its subsidiaries, “EQT”) announced today that it has closed on the formation and funding of its previously announced midstream joint venture (“JV”) with an affiliate of Blackstone Credit & Insurance (“BXCI”; Blackstone (NYSE: BX)). EQT received $3.5 billion of cash consideration, net of …
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US Agency Takes Steps to Protect Nevada Mountains from Energy Development
The Biden administration on Monday took steps to protect the Ruby Mountains in northeast Nevada from oil, gas and geothermal development for 20 years. The Interior Department said it had approved an application by the U.S. Forest Service to withdraw 264,442 acres of federal lands in the Ruby Mountains from mineral and geothermal leasing. The …
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Belcher: Heed the Harsh Lessons from Europe’s Net-Zero Perils
The EU’s aggressive climate stance is wreaking economic havoc and mounting regulations could hurt the U.S. LNG industry.
Williams Completes Mid-Atlantic Transco Expansion Project
Williams Cos.’s Transco Southside Reliability Enhancement project is now online.