Downstream

This post was originally published on this siteBy Scott Disavino Nov 5 (Reuters) – U.S. energy firms this week added oil and natural gas rigs for a second week in a row as oil prices held near seven-year highs, prompting some drillers to return to the wellpad. The oil and gas rig count, an early indicator […]

This post was originally published on this site(Bloomberg) The parade of announcements this week from world leaders, finance figures and climate diplomats at the COP26 summit culminated in a weekend parade of protesters through Glasgow, Scotland. The message from the thousands carrying placards around the venue of the meeting is one most insiders would agree with: The progress is still not

This post was originally published on this siteNov 7, 2021 (Bloomberg) –FirstEnergy Corp. agreed to sell a stake in its transmission businesses to Brookfield Asset Management Inc. for $2.4 billion. The Akron, Ohio-based utility will sell a 19.9% stake in FirstEnergy Transmission to Brookfield’s infrastructure group, according to a statement Sunday. Separately, FirstEnergy will issue

This post was originally published on this siteThe logo of U.S. oil and gas company EOG Resources is seen in its office in Chongqing, China December 15, 2017. REUTERS/Chen Aizhu Nov 5 (Reuters) – U.S. shale oil firm EOG Resources (EOG.N)said on Friday it aims to begin a carbon dioxide injection program by late 2022 to

This post was originally published on this siteNov 6, 2021 (Bloomberg) The White House and at least 49 senators support a proposal to impose an almost $20 per-ton fee on carbon as part of President Joe Biden’s climate-and-spending legislation, U.S. Senator Sheldon Whitehouse said Saturday. Under the initiative, the cost on carbon dioxide emissions would start

This post was originally published on this site(Bloomberg) Saudi Arabia’s larger-than-expected rise in oil prices is a signal it will continue resisting U.S. pressure to pump faster, according to Vitol Group. Saudi Aramco hiked December prices for customers in Asia, the U.S. and Europe on Friday, a day after OPEC+ stuck to its plan to boost

This post was originally published on this siteNov 7, 2021 (Bloomberg) The Biden administration will be looking at an updated U.S. energy outlook due this week as it weighs options for lowering oil prices, including tapping the Strategic Petroleum Reserve, Energy Secretary Jennifer Granholm said. Granholm’s comments on CNN’s “State of the Union” on Sunday suggest

This post was originally published on this siteNov 5 (Reuters) – Enbridge Inc (ENB.TO) reported a better-than-expected quarterly profit on Friday, as a rebound in demand for crude oil and products from a pandemic-hit low, boosted volumes on its pipelines. Pipeline operators have been enjoying a recovery in shipment volumes owing to oil prices touching multi-year

This post was originally published on this siteHOUSTON, Nov. 05, 2021 (GLOBE NEWSWIRE) — News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy) announced today that it has approved its WR Project (the Project), a set of projects anticipated to constitute a total capital investment of approximately US$0.8 billion. The Project is designed

This post was originally published on this site(Bloomberg) Energy Day at COP26 produced a couple of deals meant to phase out fossil fuels and bring in clean energy. But the agreements — crafted as part of the U.K.’s effort to “consign coal to history” — were soon looking a bit thin.The coal pact didn’t include the U.S. or