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Home2023April

Month: April 2023

Aker
Crude Oil News

Aker BP gearing up to spin the drill bit off Norway

April 6, 2023 Mariel Alumit

Norwegian oil and gas player Aker BP has secured a drilling permit from the country’s authorities for an exploration well in the Norwegian Sea. The drilling work is expected to be carried out using one […]

Big Oil Companies

Exxon Says its Decarbonization Business Could Outgrow Oil, in Multi-Trillion Market

April 6, 2023 Mariel Alumit

​ HOUSTON, April 4 (Reuters) – Exxon Mobil Corp’s (XOM.N) Low Carbon business has the potential to generate hundreds of billions of dollars in revenue and outperform the company’s traditional oil and gas as soon as a decade […]

Energy Crisis

Texas Solar Boom Turns to Battery Dash as Grid Pain Looms

April 6, 2023 Mariel Alumit

​ Image: REUTERS/Dane Rhys Summary Texas solar developers are adding storage as federal tax benefits increase profit margins but a lack of transmission could delay projects and keep huge solar resources in the west beyond […]

Crude Oil News

Why Did OPEC Cut Oil Production? Key Reasons Explained

April 6, 2023 Mariel Alumit

​ LONDON, April 3 (Reuters) – OPEC and its allies, including Russia, agreed on Sunday to widen crude oil production cuts to 3.66 million barrels per day (bpd) or 3.7% of global demand. The surprise announcement helped […]

Crude Oil News

Oil Prices Stable as Economic Fears Balance OPEC+ Cuts, U.S. Stock Draw

April 6, 2023 Mariel Alumit

(Reuters) – Oil prices were stable on Wednesday, as the market weighed gloomy economic prospects against expectations of U.S. crude inventory declines and OPEC’s voluntary output cuts announcement. Brent crude futures gained 22 cents, or […]

Crude Oil News

U.S. Shale Drillers Score a Cashflow Bonanza Thanks to OPEC+ Cut

April 6, 2023 Mariel Alumit

​OPEC’s surprise decision to slash oil production stands to enrich an unexpected cohort: US shale drillers. The shock announcement sent US oil prices up by as much as $6 a barrel, signaling a new round […]

EnergyNews

A Football Field-Sized Boat Will Service US Offshore Wind Farms

April 6, 2023 Mariel Alumit

At a Louisiana shipyard Tuesday, construction slowed so executives, politicians and reporters could tour a boat that’s almost as long as a football field. Some workers welded steel bulkheads, while others used an industrial press […]

Australia
Energy Crisis

Australia Vows to Keep Asia’s Gas Flowing Despite Emissions Cut

April 6, 2023 Mariel Alumit

Australia is committed to remaining a major natural gas supplier for Asia’s largest economies, Resources Minister Madeleine King said, less than a week after the nation passed targets to drastically cut emissions from its export […]

Climate Crisis

UAE’s Top Oil Executive Has a Plan to Fix COP28

April 6, 2023 Mariel Alumit

​In the months before the signing of the Paris Agreement, the then-crown prince of oil-rich Abu Dhabi wondered aloud about the fate of his sheikhdom at the end of the fossil fuel era. “After we […]

tax and energy
Energy Crisis

The Gloves Come Off – Joe Biden vs Joe Manchin: ENERGYminute

April 6, 2023 Mariel Alumit

Courtesy of New York Magazine Courtesy of ENERGYminute   See more articles and infographics from ENERGYminute HERE If the Biden administration was a 90s rock band, they’d be Oasis: a promising start with great potential, partially deliver […]

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