Downstream

This post was originally published on this siteTake control of your facilities with Autonomous gate security. Most producers have incurred some form of theft or vandalism at their sites over the years. We can provide Artificial Intelligence gate security featuring license plate recognition. This can then be compared to a known list of approved personnel […]

This post was originally published on this siteMarch 6 (Reuters) – The world’s biggest gathering of energy industry leaders returns to Houston this week as Russia’s invasion of Ukraine delivers an oil price shock to the global economy and embattled executives face growing criticism for the industry’s role in climate change. Global oil prices have

This post was originally published on this siteMar 6, 2022 (Bloomberg) The International Atomic Energy Agency said it’s having trouble getting through to staff operating the Zaporizhzhia nuclear power plant, which is now under the control of Russian forces.Russian President Vladimir Putin told his Turkish counterpart that Ukraine must agree to his demands in order for

This post was originally published on this siteMar 5, 2022 (Bloomberg) The average price of gasoline in the U.S. jumped above $4 a gallon for the first time since 2008 in a clear sign of the energy inflation that’s hurt consumers since Russia invaded Ukraine. Pump prices jumped 41 cents in the past week and are 10 cents

This post was originally published on this siteThe chairman of Texas’s energy regulator has added to calls on President Joe Biden to ban imports of Russian oil and support a ramp up of U.S. production. “Internationally, countries and companies are divesting and boycotting from Putin’s Russia and looking to source locally and from allies,” the

This post was originally published on this siteMar 4, 2022 (Bloomberg) Elon Musk says more fossil fuel production is needed now, even if it’s bad for his electric car company, Tesla Inc. “Hate to say it, but we need to increase oil & gas output immediately,” the billionaire tweeted Saturday, as Russia’s invasion of Ukraine chokes off

This post was originally published on this siteMar 4, 2022 (Bloomberg) Berkshire Hathaway Inc., the conglomerate run by billionaire Warren Buffett, boosted its investment in energy giant Occidental Petroleum Corp. with the purchase of almost 30 million shares. The stock was acquired this year, and brings Berkshire’s total Occidental holding to 113.7 million shares, according to

This post was originally published on this siteDrilling rigs operate at sunset in Midland, Texas, U.S., February 13, 2019. REUTERS/Nick Oxford March 4 (Reuters) – U.S. energy firms this week cut the number oil rigs even as Russia’s invasion of Ukraine drove crude prices to their highest since 2008. U.S. oil rigs fell three to

This post was originally published on this siteBy Lisa Mascaro in Washington WASHINGTON (AP) — Amid the escalating war in Ukraine, House Speaker Nancy Pelosi said Thursday she supports banning Russian oil imports to the U.S., a hefty nod that could strengthen President Joe Biden’s hand as global allies seek to isolate Russian President Vladimir Putin’s regime. Biden has been

This post was originally published on this site LNG export capacity in the United States has grown rapidly since the Lower 48 states first began exporting LNG in February 2016. In 2020, the United States became the world’s third-largest LNG exporter.