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This post was originally published on this siteJan 21, 2022 (Bloomberg) Shell Plc has dropped “Royal Dutch” from its name, part of a major overhaul of its legal and tax structure announced in December. The energy giant officially changed its name on Friday, according to a statement, following earlier approvals from its shareholders and board of […]

This post was originally published on this siteA drilling rig operates in the Permian Basin oil and natural gas production area in Lea County, New Mexico, U.S., February 10, 2019. REUTERS/Nick Oxford/File Photo Jan 21 (Reuters) – U.S. energy firms this week cut oil rigs for the first time in 13 weeks after crude prices

This post was originally published on this siteJan 21 (Reuters) – A new area under watch by the Texas oil regulator could impact wells responsible for disposing about 270,000 barrels per day of saltwater from oil and gas operations, according to data and analytics firm B3 Insight. Regulators this month classified a swath of the

This post was originally published on this siteLONDON (Reuters) – OPEC+ compliance with oil production cuts rose to about 122% in December, two sources from the producer group told Reuters, indicating that some members continue to struggle to raise their output. The December figure compares with 117% in November. The International Energy Agency said this

This post was originally published on this site(Bloomberg) Schlumberger is gearing up for growth around the world as the No. 1 oilfield contractor expects recovering economies to ignite several years of crude-demand expansion.The company, based in Houston and Paris, will boost spending as much as 18% to $2 billion, serving North American oil explorers who

This post was originally published on this siteMEXICO CITY,  (Reuters) – U.S. Energy Secretary Jennifer Granholm on Friday flagged concerns about Mexico’s plan to tighten state control of the electricity market, saying it could impede investment and economic development in North America. Granholm met President Andres Manuel Lopez Obrador and senior members of his Cabinet,

This post was originally published on this siteBy John Kemp LONDON, Jan 21 (Reuters) – U.S. petroleum inventories have continued to slide over the last month and are well below their normal seasonal levels, which has helped push oil prices to their highest since 2014. The market remains chronically under-supplied with OPEC+ and U.S. shale

This post was originally published on this site(Bloomberg) The surging omicron variant is complicating the recovery for a world economy that continues to be wracked by supply chain chaos, worker absenteeism and faltering assembly lines. Supermarkets are struggling to stock shelves amid chronic staff shortages. Airlines are grounding flights. Manufacturers are facing disruption and shipping lines remain backed up.

This post was originally published on this siteEni noted that Mexico is a key country in its future organic growth strategy.

This post was originally published on this siteThe EIA forecasts that U.S. energy-related carbon dioxide emissions will increase in both 2022 and 2023 but remain below 2019 levels.