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HomeEnergyNews

EnergyNews

Crude Oil News

Oil rises for second day as banking fears ease for now

March 21, 2023 Mariel Alumit

​ Brent, U.S. crude hit lowest in 15 months on Monday U.S. Fed begins two-day meeting on Tuesday Oil drop is speculative, not based on fundamentals – Andurand U.S. crude, product stocks expected to drop […]

Biofuels

Huge Phillips 66 biofuels project will test the industry’s green promises

March 21, 2023 Mariel Alumit

​ RODEO, California, March 21 (Reuters) – In the oldest refining town in the American West, Phillips 66 (PSX.N) is promising a greener future as it moves to halt crude-oil processing and build a massive renewable […]

Energy
Electrical Generation / Utilities

Duke Energy to start construction of floating solar pilot in Florida

March 20, 2023 Mariel Alumit

Duke Energy Corp (DUK.N) said on Thursday that its Florida unit would start construction of about 1 megawatt floating solar array pilot later this month in Polk County. The pilot will feature more than 1,800 floating […]

Crude Oil News

Iraq, OPEC stress need to coordinate to stabilise prices

March 20, 2023 Mariel Alumit

Iraqi Prime Minister Mohammed Shia Al Sudani signs the guest book during a reception at Qasr Al Watan in Abu Dhabi, United Arab Emirates, February 09, 2023. Mohamed Al Hammadi/UAE Presidential Court/Handout via REUTERS CAIRO, […]

Oil
Crude Oil News

Oil’s Rout Gathers Pace as WTI Sinks Below $65 Amid Bank Crisis

March 20, 2023 Mariel Alumit

​Oil prices sank, with West Texas Intermediate plunging below $65 a barrel, as escalating investor concerns about a global banking crisis eroded appetite for risk assets including commodities. Global benchmark Brent also dropped below $71 […]

Climate Crisis

Minnesota agency retools to ‘meet the moment’ on climate, clean energy

March 20, 2023 Mariel Alumit

​ A state agency with a leading role in Minnesota’s clean energy transition is reorganizing to help the state implement its new 100% clean energy law and capitalize on a coming flood of federal spending. […]

Big Oil Companies

Haaland criticized over ‘difficult’ choice on Willow project

March 19, 2023 Mariel Alumit

​ WASHINGTON (AP) — In early March, President Joe Biden met with members of Alaska’s bipartisan congressional delegation as they implored him to approve a contentious oil drilling project in their state. Around the same […]

EnergyNews

How does Norway export its natural gas? But more importantly; to who?

March 18, 2023 Mariel Alumit

​OSLO, March 17 (Reuters) – Norway exported more than 120 billion cubic metres (bcm) of gas in 2022, mainly via pipelines, making it Europe’s largest gas supplier following a drop in Russian flows last year. […]

EnergyNews

U.S. drillers add the most gas rigs in a week since December 2018

March 18, 2023 Mariel Alumit

​The oil and gas rig count, an early indicator of future output, rose eight to 754 in the week to March 17. , , Baker Hughes said that puts the total rig count up 91 […]

Crude Oil News

US Shale Drillers Are Ready to Weather Any Downturn

March 18, 2023 Mariel Alumit

​US shale explorers are well prepared to manage a potential credit crisis after piling up cash and paying down most of their debt, according to private equity firm Kimmeridge Energy Management Co. “I don’t think […]

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