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‘Critical’ for investment to flow to lowest-cost, lowest-carbon oil & gas options – UAE minister

This post was originally published on this siteSultan Ahmed Al Jaber, UAE Minister of State and the Abu Dhabi National Oil Company (ADNOC) Group CEO poses during the interview at the Panorama Digital Command Centre at the ADNOC headquarters in Abu Dhabi, UAE December 10, 2019. REUTERS/Satish Kumar Feb 19 (Reuters) – Investment needs to […]

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BlackRock’s Message to Texas: We’re All-In on Energy Investing

This post was originally published on this site(Bloomberg) BlackRock Inc., one of the leading advocates of sustainable investing, is on a mission to persuade Texas that it’s a strong backer of the oil and gas industry.The world’s largest asset manager touted itself in a letter to groups in the Lone Star State as “perhaps the world’s largest investor

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Oil Posts First Weekly Loss Since December as Rally Cools Off

This post was originally published on this siteFeb 18, 2022 (Bloomberg) Oil posted its first weekly loss in two months as traders weighed heightened geopolitical tensions over Ukraine against the potential for Iranian barrels to be added to the market.West Texas Intermediate closed down near $91 a barrel on Friday. U.S. crude fell 2.2% this week,

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Oil Posts First Weekly Loss Since December as Rally Cools Off

This post was originally published on this siteFeb 18, 2022 (Bloomberg) Oil posted its first weekly loss in two months as traders weighed heightened geopolitical tensions over Ukraine against the potential for Iranian barrels to be added to the market.West Texas Intermediate closed down near $91 a barrel on Friday. U.S. crude fell 2.2% this week,

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U.S. gas stocks need big rebuild ahead of next winter: John Kemp

This post was originally published on this siteLONDON, Feb 18 (Reuters) – U.S. gas inventories have depleted faster-than-average this winter despite warmer-than-normal temperatures, as strong demand in Europe and Asia has boosted exports of liquefied natural gas, tightening the market. Working stocks in underground storage have fallen by 1,703 billion cubic feet since the start

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U.S. gas stocks need big rebuild ahead of next winter: John Kemp

This post was originally published on this siteLONDON, Feb 18 (Reuters) – U.S. gas inventories have depleted faster-than-average this winter despite warmer-than-normal temperatures, as strong demand in Europe and Asia has boosted exports of liquefied natural gas, tightening the market. Working stocks in underground storage have fallen by 1,703 billion cubic feet since the start

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Price Tag on Trudeau’s Oil Pipeline Project Soars to $17 Billion

This post was originally published on this siteFeb 18, 2022 (Bloomberg) The cost to expand the Trans Mountain oil pipeline that Justin Trudeau’s government bought from Kinder Morgan Inc. has jumped by 70% to nearly $17 billion, potentially challenging the viability of the line from Canada’s oil heartland to the Pacific Coast. The new estimate of

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