Industry News
Maruichi Stainless Tube Building $75M Plant in Texas
Maruichi Stainless Tube Texas Corp. is planning to build a 125,000-square-foot, state-of-the-art manufacturing facility in Seguin. The Seguin Economic Development Corp. and the city of Seguin have announced Maruichi expects to break ground on the project at the beginning of 2023 and be completed at the beginning of 2024. The project will represent a […]
API, OOC Sign Wind Energy MoU
The American Petroleum Institute (API) and Offshore Operators Committee (OOC) have signed a memorandum of understanding (MOU) to develop standards and guidance for offshore wind energy development, the API revealed this week. Under the MOU, both parties will leverage their expertise and existing natural gas and oil industry standards to develop a safety management […]
Saudi Arabia Cuts Oil Prices for Asia and Europe
Saudi Arabia cut oil prices for customers in Asia and Europe as coronavirus lockdowns and sagging economies cool energy demand and impact oil price determination in the two regions. For the first time in four months, state-controlled Saudi Aramco has slashed prices of October crude oil exports for European and Asian buyers just a […]
ExxonMobil using Natural Gas for Mining Cryptocurrency
ExxonMobil Corp., the largest producer of oil in the United States, is testing a program whereby excess natural gas from North Dakota’s oil wells would instead be used for mining Proof-of-Work cryptocurrencies. The pilot program is being conducted in collaboration with Crusoe Energy Systems, Inc. Potential Bitcoin Mining […]
Thousands To Protest UK Government Sanctioning Jackdaw Field
The UK government approved the Jackdaw gas field on June 1 and it is set to draw mass protests of ‘thousands of people across the UK’ during August 20 to August 27. The Jackdaw project is expected to come online in the mid-2020s, and at peak production rates using latest mining plants and equipment, […]
Drilling In South America Set To Peak During 2022
Drilling and completion activity in South America is expected to peak this year after a significant slowdown in 2020 due to the destruction in global demand brought on by the COVID-19 pandemic, Rystad Energy claimed. According to Rystad, the rebound is more pronounced for offshore wells, primarily driven by an uptick in activity in […]
Putin Says Nord Stream Will Restart – With Conditions
Russian President Vladimir Putin signalled that Europe would start getting gas again through a key pipeline but warned that unless a spat over sanctioned parts is resolved, flows will be tightly curbed. Europe is on tenterhooks, waiting to see whether gas flows resume on Thursday when maintenance on the Nord Stream pipeline is set […]
Calgary Stampede Returns with Oil Boom Vibe
The biggest party in Canada’s oil patch is staging a comeback this year, fueled by soaring energy prices and a population eager to mark the end of two years of pandemic lockdowns. The 110-year-old Calgary Stampede is pulling out every nostalgic stop, from chuck wagons, to rodeos, to tapping movie cowboy Kevin Costner as […]
Environmental Group Seeks Injunction for Scarborough Project
In a similar case to the Santos Gas Project controversy, Australian energy company Woodside is facing a legal challenge from the Australian Conservation Foundation (AFC) which is seeking an injunction to restrain Scarborough gas project activities. The AFC has asked that the project be halted until new federal Environment Minister Tanya Plibersek has assessed […]
Indigenous Australians Seek to Block Santos Gas Project
A group of Indigenous Australians has filed a lawsuit seeking to stop Santos Ltd from developing a $3.6 billion gas project off northern Australia, saying they were not consulted about the drilling. Tiwi Islanders from the Northern Territory’s Tiwi Islands are claiming they have not been adequately consulted about Santos’ Barossa gas project, the pipeline […]
Palantir and Trafigura to Track Carbon Emissions for Oil Industry
Palantir Technologies Inc and Trafigura have set sights on a new market, their chief executives told Reuters: tracking, calculating and reporting carbon emissions across the oil and gas sector. The companies are building a platform for oil majors and other commodities firms to vet the environmental impact of their supply chains, applying Trafigura’s data […]
EU Drafts $205 billion plan to replace Russian fuel
The European Union’s executive arm is set to bolster renewables and energy savings goals as part of a 195 billion-euro ($205 billion) plan to end its dependency on Russian fossil fuels by 2027. The European Commission will propose to increase its clean energy target for 2030 to 45% from the current 40% when it […]
