Downstream

This post was originally published on this siteHours after Senator Joe Manchin delivered a fatal blow to climate change legislation championed by Joe Biden, White House officials began making plans for the president to take matters into his own hands. They wanted to act fast. Heading into the weekend, news of historic heat waves scorching cities from […]

This post was originally published on this site(Bloomberg) California Governor Gavin Newsom announced steps Friday to speed up the clean-energy transition and fight climate change, including an end to building gas-burning power plants, even as the move away from fossil fuels has threatened his state with blackouts and forced him to reconsider nuclear power. Newsom said he would work

This post was originally published on this siteSchlumberger said annual sales will rise the most in 11 years as concern over inadequate energy supplies outweighs recessionary fears among major oil explorers.Citing the biggest jump in demand for its services in more than a decade, the world’s biggest oilfield contractor sees sales reaching at least $27

This post was originally published on this siteJuly 22 (Reuters) – The U.S. oil and natural gas rig count this week rose for a third week in a row as high prices encourage increased spending at the wellpad, boosting demand for some oilfield services companies. The oil and gas rig count, an early indicator of

This post was originally published on this siteJuly 22, 2022 U.S. natural gas futures gained about 2% to a five-week high on Friday on forecasts for hotter weather and higher demand next week than previously expected and ongoing problems with shipping a turbine needed to boost output on the Russia-Germany Nord Stream gas pipe. Extreme

This post was originally published on this siteRussia will not supply oil to countries that decide to impose a price cap on its oil, Russian Central Bank Governor Elvira Nabiullina told a briefing on Friday. Nabiullina added that the proposal by G7 nations, aimed at stripping Russia of energy revenues in a bid to limit

This post was originally published on this siteReduced flow rates on the 590,000 barrel-per-day Keystone pipeline are having only a slight impact on oil deliveries, analysts at consultancy Wood Mackenzie said on Thursday, four days after operator TC Energy declared force majeure. Calgary-based TC has not said when the pipeline, one of Canada’s major export arteries to

This post was originally published on this siteMEXICO CITY, July 22 (Reuters) – Mexico’s Deputy Economy Minister Luz Maria de la Mora told Reuters she hopes for a “mutually satisfactory solution” to talks requested by the United States and Canada over what they claim are Mexican energy-related breaches of a regional trade pact. The U.S.

This post was originally published on this siteJul 22, 2022 (Bloomberg) A gas turbine for the operation of Gazprom PJSC’s Nord Stream 1 pipeline that’s the main route of gas transport from Russia to Germany is held up in transit after maintenance in Canada, the latest twist in an ongoing spat between the two countries.The turbine

This post was originally published on this site(Bloomberg) The Biden administration’s plan to crack down on smog in the oil-rich Permian Basin threatens to curb crude production while gasoline prices are near record highs and energy scarcity grips the globe, the industry warned Thursday. Oil’s lobbying heavyweights are appealing directly to top White House officials to slam