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Hydrogen was supposed to be at the heart of the global decarbonization movement. Lofty goals were set to implement green hydrogen into the transport, shipping, manufacturing, and energy storage industries, with the promise that hydrogens versatility would allow for the decarbonization of even the most hard-to-abate sectors. But the hydrogen hype has fizzled over the years as the gap between ambition and implementation has grown ever wider.
OPEC+ could bring back 2.2 million barrels daily in supply by November this year in an apparent acceleration of the rollback of its production cuts, per a Reuters report citing unnamed sources from the cartel. The source said that essentially Saudi Arabia has become fed up with quota laggards Iraq and Kazakhstan and was planning to tighten their screws by unleashing more barrels to undermine their oil revenues.
The U.S. government recently released the final rules for the Section 301 fees proposed earlier this year, intended to address the dominance of Chinas shipbuilding industry. According to the new rules, exports on Chinese-owned, -operated or -built vessels are mostly excluded great news for U.S. energy producers and exporters, especially in the NGL sector.
The offshore rig market recovery appears to have taken a pause, with demand tapering off and marketed utilization hitting the lowest levels recorded since recovery began in 2021
Crude oil futures plunged during the Sunday evening trading session as Reuters reports suggested that OPEC+ was set to further speed up oil output hikes.
Shell is reportedly working with advisers to evaluate a potential acquisition of BP, though it's waiting for further stock and oil price declines before deciding whether to pursue a bid.
Trendsetter Vulcan Offshore (TVO), a developer of solutions for the offshore industry, expanded its global business development team with the addition of Barry Bulls
Trendsetter Vulcan Offshore (TVO), a developer of solutions for the offshore industry, expanded its global business development team with the addition of Barry Bulls
Australias oil and gas industry congratulates Prime Minister Anthony Albanese on Federal Labors re-election on Saturday and looks forward to continuing to work
If there is one thing that is almost certain in the current global crude oil market, it’s that the stated reasons for the OPEC+ group of exporters increasing supply are not the real reasons.
Woodside Energys final investment decision (FID) on the $17.5 billion Louisiana LNG terminal was a stunner. For one thing, only 1 million metric tons per annum (MMtpa) of the projects 16.5 MMtpa (2.2 Bcf/d) of capacity is under contract U.S. LNG export projects typically have commitments for two-thirds or more of their output before pulling the trigger.
Barclays lowered its Brent oil price forecast by $4 per barrel to $66/bbl for 2025 and by $2 to $60/bbl for 2026, citing the decision by OPEC+ to accelerate oil production hikes.
Yokogawa, in collaboration with Air Liquide, developed a new solution to dynamically Replay past operations in a data driven Centum environment. The new Centum Replay creates living videos of past operations, allowing navigation between HIS views, and the addition of comments/subtitles. The solution proved to be a precious tool for root cause analysis and opens a new perspective for operators’ training.
The tide is shifting in the energy sector back toward hydrocarbons as renewables face new, big hurdles. The latest tangible sign of this shift is BPs decision to refocus on traditional oil and gas and deemphasize renewables, which follows ExxonMobils and Shells restructuring of strategies in the same direction. The likelihood that hydrocarbon demand will continue to grow throughout this decade has reinforced the importance of E&P companies adding to their proved oil and gas reserves.
Previously, we reported that commodity analysts at Standard Chartered were bullish on oil prices in the current year, thanks to strong oil fundamentals, including declining U.S. supply growth and OPEC+ supply discipline. StanChart reported that non-OPEC+ supply growth fell sharply from 2.46 mb/d in 2023 to 0.79 mb/d in 2024, in large part due to a reduction in U.S. total liquids growth, which fell from 1.605 mb/d in 2023 to 734 kb/d in 2024.
EnergySolutions Plans SMRs at Coal Site in Delta, UT Holtec Selects Utah for Its 300 MW SMRs New State Agreements put Utah at Heart of a Regional SMR Ecosystem Utah Signs MOU with the Idaho National Laboratory Energy Solutions Plans SMRs at Coal Site in Delta, UT IPA’s Delta, UT, coal-fired power plant. Image: IPA. EnergySolutions said in a press.
Since coming into power, U.S. President Donald Trump has been fighting to increase oil and gas production while reining in the renewable energy sector. Trump aims to expand the countrys fossil fuel output and encourage more countries worldwide to import U.S. LNG, which he has done by introducing strict tariffs on countries unwilling to increase trade with the U.S.
Rising demand for electricity to serve data centers, manufacturing and other power-consuming sectors of the economy is spurring the development of scores of gas-fired plants up to 100 gigawatts (GW) of new capacity by 2040. How much power those new plants will actually generate and, with that, how much natural gas they will require remain open questions, however.
The Trump administration will revise a Biden-era rule that required the oil and gas industry to provide nearly $7 billion in new financial assurances to cover the
The Trump administration is trying to breathe new life into the long-dormant Alaska LNG project, talking up its strengths and encouraging potential Asian customers and investors to consider it. But the project, a multibillion-dollar plan to pipe natural gas from Alaskas North Slope to Anchorage and Cook Inlet for liquefaction and export, faces huge financial and administrative hurdles, plus the challenges of building it in Alaskas rugged terrain and often-harsh climate.
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