Here’s how the Club’s energy stocks are responding to oil’s move higher on geopolitical risk
Heightened geopolitical risk following the Palestinian militant group Hamas’ attack on Israel over the weekend helped push crude prices up around 4% Monday.
Exxon-Pioneer $60 Billion Acquisition Could Squeeze US Oil Suppliers, Pipelines
This post was originally published on this site Top U.S. oil producer Exxon Mobil’s planned acquisition of the No. 1 Permian shale producer Pioneer Natural Resources could further restrain output growth in the largest U.S. oilfield, squeezing pipeline companies and suppliers, executives and energy advisors said.
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Chaos in Global Natural Gas Markets Sends TTF Soaring – LNG Recap
This post was originally published on this siteWar in Israel, along with the prospect of continued labor strikes at LNG terminals in Australia and a leaking pipeline that connects Finland and Estonia, all combined Monday to send European gas benchmarks soaring. The prompt Dutch Title Transfer Facility finished 15% higher Monday to close near $14/MMBtu.
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Yellen Says USA Eyes Russia Oil-Cap Crackdown as Potency Fades
This post was originally published on this siteTreasury Secretary Janet Yellen said the U.S. is preparing to crack down on evasion of the Group of Seven’s price cap on Russian oil.
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Oil Prices Soar After Attacks on Israel
This post was originally published on this siteOil prices surged after a shock attack on Israel by Hamas brought renewed instability to the Middle East.
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Energy Transfer Pipeline Rupture Sparks Twin Explosions in Garland County
This post was originally published on this site (P&GJ) — In Garland County, Arkansas, emergency teams swiftly responded to a gas pipeline rupture that occurred on Oct. 4. Energy Transfer owns the pipeline and their crews promptly shut down one end of the pipeline and actively worked to address the situation at the other end.
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Ozona Secures 6,000 Acres for Major CO2 Sequestration Expansion in Permian Basin
This post was originally published on this site (P&GJ) — Ozona CCS LLC has reached a definitive agreement with a private landowner to lease 5,722.79 contiguous acres of pore space in Loving County, Texas, for the purpose of drilling multiple commercial carbon dioxide (CO2) sequestration wells in the Permian Basin.
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New GOM Restrictions Would Cut Oil Output by 24 Percent: API Study
This post was originally published on this siteThe recently proposed restrictions on oil and natural gas vessels operating in the U.S. Gulf of Mexico would lead to a nearly one-quarter decline in U.S. energy production, the study said.
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Saudi oil giant Aramco announces pilot project to suck up CO2, but some scientists are skeptical
Experts say that direct air-capture technology is too expensive and cannot be adequately scaled to remove the necessary amount of carbon from the atmosphere.
Russia Begins Gas Supplies to Uzbekistan via Kazakhstan
This post was originally published on this site Russia on Saturday started supplying natural gas to Uzbekistan via Kazakhstan, marking the occasion with ceremonies in Moscow and elsewhere attended by the presidents of the three countries and shown on state TV.
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