Downstream

This post was originally published on this siteOKLAHOMA CITY, July 08, 2024 (GLOBE NEWSWIRE) — Devon Energy (NYSE: DVN) announced today it has entered into a definitive purchase agreement to acquire the Williston Basin business of Grayson Mill Energy in a transaction valued at $5 billion, consisting of $3.25 billion of cash and $1.75 billion […]

This post was originally published on this site  (Reuters) – Britain’s renewables industry has called on the new Labour government to increase the country’s renewable auction budget by hundreds of millions of pounds to help meet its offshore wind target and wider goal to decarbonise the power grid. Labour swept to victory in Britain’s election last

This post was originally published on this site(Reuters) – Over 300,000 homes and businesses in Texas were without power on Monday as Category 1 hurricane Beryl made landfall, according to data from PowerOutage.us. Hurricane Beryl made landfall near Matagorda, Texas, but was forecast to weaken later on Monday and Tuesday as it moves inland. CenterPoint

This post was originally published on this siteHOUSTON, July 8 (Reuters) – The Texas energy industry braced for Hurricane Beryl’s impact on Monday, with threats from the powerful storm forcing the closure of key oil and gas shipping ports, slowing refining and prompting the evacuation of some production sites. Beryl, which made landfall near Matagorda,

This post was originally published on this siteShell, Total, BP and Mitsui will each take 10% stake Ruwais will raise the UAE’s export capacity to 15.4m tons/year Four international companies have agreed to invest in Abu Dhabi National Oil Co.’s next liquefied natural gas export project, according to people with knowledge of the matter. Shell Plc, TotalEnergies

This post was originally published on this site(Reuters) -U.S. energy firms this week added oil and natural gas rigs for the first time in seven weeks, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, rose by four

This post was originally published on this siteSummary Hurricane Beryl makes landfall near Texas Iranian voters pick moderate Masoud Pezeshkian as president French election to leave parliament divided July 8 (Reuters) – Oil prices fell 1% on Monday after gaining for four weeks as supply disruption worries eased on hopes of a ceasefire deal in

This post was originally published on this siteTropical Storm Beryl is expected to have little impact on U.S. offshore oil and gas production, energy companies said on Friday while evacuating personnel from some facilities out of caution. Beryl was downgraded from a hurricane and shifted over Mexico’s Yucatan Peninsula with maximum sustained winds dipping to

This post was originally published on this site(Reuters) – Oil prices settled lower on Friday as the rising possibility of a ceasefire deal in Gaza outweighed strong summer fuel demand and potential supply disruptions from Gulf of Mexico hurricanes. Brent crude futures settled down 89 cents, or 1.02% lower, to $86.54 a barrel, after reaching

This post was originally published on this siteGaining a foothold in the refining industry gives traders more options when deciding where to send certain oil grades Bloomberg News Commodities traders flush with cash are buying oil refineries that energy majors are increasingly turning their back on. It’s one of the areas where trading houses — who have