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rigzone.com 8hours ago

Latest Troll Try Spits Dust

The development follows a spate of discoveries near the field. : The Norwegian Petroleum Directorate (NPD) has revealed that Equinor Energy AS has drilled a dry well near the Troll field in the North Sea. Wildcat well 31/2-23 S, which was drilled about three kilometers (km) west of the field, and about 120km northwest of Bergen, had an objective to prove petroleum in Middle Jurassic reservoir rocks in the Brent Group, the NPD outlined.
Read by 63% of LPs

ctvnews.ca June 04, 2023

Oil Prices: Opec+ Producers Weigh More Production Cuts

The major oil-producing countries led by Saudi Arabia and Russia are wrestling with whether to make another cut in supply to the global economy as the OPEC+ alliance struggles to prop up sagging oil prices that have been a boon to U.S. drivers and helped ease inflation worldwide. The 23-member group is meeting Sunday at OPEC headquarters in Vienna after sending mixed signals about possible moves. Saudi Arabia, dominant among the oil cartel's members, has warned speculators that they might get burned by betting on lower prices.
Read by 74% of LPs

abcnews.go.com June 04, 2023

With Oil Prices Slumping, Opec+ Producers Weigh More Production Cuts

The major oil-producing countries led by Saudi Arabia and Russia are deciding whether to make more cuts to the amount of crude they supply to the global economy.
Read by 77% of LPs

business-standard.com June 04, 2023

With Oil Prices Slumping, Opec+ Producers Weigh More Production Cuts

The major oil-producing countries led by Saudi Arabia and Russia are wrestling with whether to make another cut in supply to the global economy as the OPEC+ alliance struggles to prop up sagging oil prices that have been a boon to US drivers and helped ease inflation worldwide. The 23-member group is meeting on Sunday at OPEC headquarters in Vienna after sending mixed signals about possible moves. Saudi Arabia, dominant among the oil cartel's members, has warned speculators that they might get burned by betting on lower prices.
Read by 52% of LPs

coindesk.com June 02, 2023

Cbit To Deploy Crypto Miners At 360 Mining's Off-grid Texas Site

Cathedra will pay $55 per megawatt hour of power used plus 10% of gross bitcoin mined at the site. : Crypto miner Cathedra Bitcoin (CBIT) plans deploy equipment at a Texas site owned by 360 Mining, which uses off-grid natural gas to supply electricity for bitcoin production. The agreement covers a total supply of 2 megawatts of mining capacity, with an initial 0.3 megawatt deployment in the next 60 days. At full blast, the location is forecast to produce at least 54 petahash per second (PH/s) incremental hashrate, Cathdera said Friday.
Read by 43% of LPs

express.co.uk June 02, 2023

British Gas Offers Grants For Britons With Energy Debt Up To £1,500 | Personal Finance | Finance

British Gas has relaunched its fund which is available to all Britons facing energy debt up to £1,500. : British Gas wants to ensure that grants go to people who cannot access energy debt help from their own provider. Eon, Eon Next, EDF, Scottish Power and Octopus all have their own funds to support their customers only, so if a customer of one of these companies, they can apply to them directly. As part of one’s application, British Gas will want to understand how the individual will be able to manage their energy costs in future.
Read by 50% of LPs

seekingalpha.com June 02, 2023

Nextera Energy: Promising Long-term Investments With Short-term High Leverage (nyse:nee) | Seeking Alpha

NextEra Energy (NYSE:NEE) is a leading provider of electronic power and energy infrastructure in the United States and Canada, with a strong presence in the renewable energy industry. The company's primary businesses include FPL, one of the largest electric utilities in the U.S., serving approximately 5.8 million customers with a focus on delivering clean energy and exceptional customer service. NEER is another major division, boasting the world's largest renewable energy generation capacity from wind, solar, and battery storage. NextEra Energy's ultimate objective is to outperform its competitors by meeting customers' needs more efficiently and dependably.
Read by 49% of LPs

hartenergy.com June 01, 2023

Argentina's Vaca Muerta Could Pump 1 Mmbbl/d Of Crude By 2030, Rystad Says

Argentina's Vaca Muerta shale formation could produce more than 1 MMbbl/d of crude by 2030 if the country solves transportation capacity issues. Argentina's Vaca Muerta shale formation could produce more than 1 million barrels per day (MMbbl/d) of crude oil by 2030, consultancy Rystad Energy said on May 31, but cautioned this relied on the country solving transport capacity bottlenecks. This could see the formation, the size of Belgium located in Argentina's vast Patagonian region, nearly quadruple production from around 291,000 bbl/d now, and rival leading U.S. shale oil projects Bakken or Eagle Ford, Rystad said in a report.
Read by 76% of LPs

abcnews.go.com June 01, 2023

Closing Prices For Crude Oil, Gold And Other Commodities

Benchmark U.S. crude oil for July delivery rose $2.01 to $70.10 a barrel Thursday. : Benchmark U.S. crude oil for July delivery rose $2.01 to $70.10 a barrel Thursday. Brent crude for August delivery rose $1.68 to $74.28 a barrel. Wholesale gasoline for July delivery was unchanged at $2.44 a gallon. July heating oil rose 6 cents to $2.31 a gallon. July natural gas fell 11 cents to $2.16 per 1,000 cubic feet. Gold for August delivery rose $13.40 to $1,995.50 an ounce.
Read by 43% of LPs

abcnews.go.com June 01, 2023

Renewable Energy Surges, Driven By Solar Boom And High Fuel Prices, Report Finds

The world is set to add a record amount of renewable electricity capacity this year as governments and consumers seek to offset high energy prices and take advantage of a boom in solar power.
Read by 62% of LPs