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OPEC+ to Complete Unwinding of Oil Output Cuts With Big September Hike

OilPrice

The eight OPEC+ producers withholding supply to the market are set to complete the unwinding of their 2.2 million barrels per day (bpd) production cuts from 2023 with another supersized output hike of 550,000 bpd for September, five sources with knowledge of the alliance’s discussions told Reuters on Monday.

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Eni Sells 20% in Its $14-Billion Low Carbon Business Plenitude

OilPrice

The completion of the transaction is subject to customary regulatory approvals. At the end of 2023, Eni agreed to sell 9% in Plenitude to Energy Infrastructure Partners (EIP). Under the agreement, global alternative investment manager Ares Management will buy 20% in Plenitude for $2.3 billion (2 billion euros), Eni said on Monday.

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Review of fossil fuel subsidies stalls as Argentina ceased communication with Canada

Oil & Gas 360º

(BOE Report) – OTTAWA – A peer review of fossil fuel subsidies between Canada and Argentina — already years behind schedule — stalled after Argentina ceased communication following its 2023 election and subsequent change in government. It was only supposed to take about two years to complete.

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Lion Electric Produces First Lithium-Ion Battery Pack at New Manufacturing Facility

NGT News

a manufacturer of all-electric medium and heavy-duty urban vehicles, has completed production of its first lithium-ion battery pack at the company’s battery manufacturing facility located in Mirabel, Quebec. The Lion Electric Co.,

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3 Years Later, Freeport LNG Returns LNG Storage Tank to Service

Marcellus Drilling News

Freeport LNGs export terminal with three liquefaction trains completely shut down (all three trains) in June 2022 after an explosion and fire (see Explosion Rocks Freeport LNG Export Plant Offline for 3 Weeks). The plant finally returned online in March 2023. What was initially thought to be a three-week outage lasted for ten months.

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CARB Extends Clean Truck Check Reporting Deadline

NGT News

Vehicle/fleet owners now have until January 31, 2024, to complete the initial reporting requirement and compliance fee payment for 2023. […] The post CARB Extends Clean Truck Check Reporting Deadline appeared first on NGT News.

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Electrify America, NFI Collaboration Charges Up Heavy-Duty Electric Trucks

NGT News

Electrify America and NFI Industries are planning one of the nation’s single largest charging infrastructure project to support heavy-duty electric trucks, with 34 ultra-fast DC chargers slated for completion by December 2023. NFI will deploy 60 battery-electric drayage trucks, […].