U.S. oil prices soared Wednesday to their highest level in more than a year. Most frackers plan to stay on the sidelines. Surging global demand coupled with output cuts by Saudi Arabia and Russia have sent crude […]
(Bloomberg) – The Biden administration is charting plans to sell offshore oil drilling rights in the Gulf of Mexico over the next five years. The Interior Department ruled out adopting an offshore oil leasing plan […]
PITTSBURGH, PA – September 27, 2023 – Natural gas development is fundamental to the health and strength of Pennsylvania’s economy, supporting well over 100,000 family sustaining careers, boosting state tax revenues, and generating billions in economic […]
BP’s strategy is under the microscope following the departure of CEO Bernard Looney, who resigned after failing to disclose the extent of personal relationships with company staff. Wholesale changes — whether embracing the renewables-free approach of its US competitors […]
A group of House Democrats penned a letter Thursday to several top Biden administration and White House officials, demanding the immediate continuance of uninterrupted offshore oil and gas leasing. The Democrats — led by Rep. Vicente Gonzalez, D-Texas — […]
(Bloomberg) – bp Plc’s board woke up on Wednesday facing an urgent search for a new boss, its fifth in 16 years. Outgoing Chief Executive Officer Bernard Looney shocked the industry a day earlier with […]
World oil demand remains on track to grow by 2.2 mb/d in 2023 to 101.8 mb/d, led by resurgent Chinese consumption, jet fuel and petrochemical feedstocks. In 2024, naphtha and LPG/ethane, especially in China, will […]
Alberta got out of the starting gates in the global critical minerals race Thursday with the opening of the province’s first lithium extraction pilot project. At his company’s site just east of the town of Olds in […]
Pioneer Natural Resources Co., one of the largest US shale drillers, is experimenting with mining lithium from wastewater produced in the fracking process. Chief executive officer Scott Sheffield told Bloomberg Television that the company started doing […]
Daily Standup Top Stories EU purchases of Russian LNG up 40% compared to pre-war levels, new study finds September 5, 2023 Mariel Alumit The European Union vowed to drastically cut imports of gas from Moscow over […]
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