U.S. oil and gas producers recovered and reset in 2021, posting increased profits of $73.7 billion and $211.9 billion in revenues, with significant deal activity that drove $144.1 billion in capital expenditures (capex), according to […]
An unnamed weather disturbance projected to move over the southwestern Gulf of Mexico is gathering strength, the National Hurricane Center (NHC) has revealed. According to the NHC’s latest forecasts at the time of writing, the […]
The Port of Los Angeles said today it handled an estimated 935,345 TEU in July, 2.5% above the previous record set in 2019, while expectations for softer August throughput prevailed amid retailer order slowdowns and […]
Russia’s seaborne exports of crude and oil products continued to elude the thrust of Western sanctions during the first half of August exceeding 6 million b/d for the first time since hitting a post-pandemic high […]
Canadian Overseas Petroleum Limited (COPL) has revealed that it has received an independent resource report confirming its deep oil discovery on its affiliate COPL America Inc’s lands in Converse and Natrona counties in Wyoming. According […]
U.S. refiner Phillips 66 offered to acquire the public units of DCP Midstream in a deal that would value the pipeline operator at $7.2 billion deal and bulk up Phillip’s natural gas liquids business. A deal would […]
The Inflation Reduction Act of 2022 On August 16, 2022, President Biden signed the Inflation Reduction Act of 2022 (IRA). The IRA reconciliation package includes $369 billion in funding and subsidies to support the transition […]
Turkish group Kontrolmatik Technologies has increased the output of its planned energy storage-focused gigafactory in the US by 50%, thanks to the Inflation Reduction Act (IRA), which Joe Biden signed into law yesterday. The company announced plans […]
ENB Publishers Note: This is one of the first good energy policies that I have heard out of California. I had to re-read, print, and have it read to me just so I could believe […]
HOUSTON, Aug 17 (Reuters) – U.S. refiner Phillips 66 (PSX.N) on Wednesday offered to acquire the public shares of gas and natural gas liquids pipeline operator DCP Midstream (DCP.N) in a $7.2 billion deal. Canadian pipeline […]
Copyright © 2022 | Sandstone Group