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Why Geothermal Energy Is Garnering So Much Attention

OilPrice

Way back in 2021, Oilprice asked, “Why is the world still ignoring geothermal energy?” Unlike solar and wind energy, which rely on climatic factors outside of human control, the heat from the Earth’s core is a steady and constant commodity. It’s just a matter of tapping into it. In the four years since that…

Energy 132
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TotalEnergies Warns of Looming Oil Glut

OilPrice

TotalEnergies (NYSE: TTE) reported on Thursday its weakest adjusted net income for a quarter since 2021, hit by lower oil and gas prices, and warned of a coming oil glut in an unstable macroeconomic and geopolitical environment. The French supermajor booked an adjusted net income of $3.6

Oil 182
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US oil/gas rig count falls for fourth month to Oct 2021 low, Baker Hughes says

BOE Report

energy firms cut the number of oil and natural gas rigs operating for a fourth month in a row to the lowest since October 2021, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell by seven to [Read more]

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Top 8 Takeaways Every Trader Should Know From EVOLVE 2025

Enverus

Clean Fuels Demand Creativity as Credit Prices Collapse Transaction volume in clean fuels soared from $2B in 2021 to $28B in 2024. Reevaluate Your Benchmark—Cushing’s Relevance Is Fading There’s nothing more difficult than trying to hedge new and evolving markets using outdated instruments. One-size-fits-all won’t cut it.

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US oil/gas rig count down for 11th week to lowest since 2021, Baker Hughes says

BOE Report

energy firms this week cut the number of oil and natural gas rigs operating for an 11th week in a row for the first time since July 2020 when the COVID-19 pandemic cut demand for the fuel, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas [Read more]

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US drillers cut oil/gas rigs for 7th week to lowest since 2021, Baker Hughes says

BOE Report

energy firms this week cut the number of oil and natural gas rigs operating for a seventh week in a row to the lowest since November 2021, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell by [Read more]

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TotalEnergies moves to restart work on $20 billion Mozambique LNG, sources say

Oil & Gas 360º

Total halted work, evacuated workers and declared force majeure in 2021 after an escalation in attacks by Islamic State-linked militants. Firms have taken preliminary steps, including deploying resources to the project site, said two of the people, who asked not to be identified because the information is confidential.