onielpetroserve

[onielpetroserve]

EIA expects U.S. natural gas prices to stay high through the winter

In its October Short-Term Energy Outlook, the U.S. Energy Information Administration forecasts that natural gas spot prices at the U.S. benchmark Henry Hub will see the highest average winter price since 2007–2008. ... http://dlvr.it/S9vhth

[onielpetroserve]

Russia decides not to increase natural gas shipments to Europe

Russia is keeping a tight grip on Europe’s energy market, opting against sending more natural gas to the continent even after President Vladimir Putin said he was prepared to boost supplies. ... http://dlvr.it/S9vhtC

[onielpetroserve]

U.S. shale drillers fear losing European gas orders to Russia

U.S. shale drillers are increasingly worried that swelling Russian natural gas exports will slash their European market share. ... http://dlvr.it/S9GYhW

[onielpetroserve]

Major gas traders seek cash to cover margin calls

Major energy traders including Gunvor Group Ltd. and Mercuria Energy Group Ltd. have reduced the size of their trading positions and increased borrowing from lenders to cover large margin calls stemming from the unprecedented surge in European gas prices, according to people familiar with the matter. ... http://dlvr.it/S9GYgh

[onielpetroserve]

A Nord Stream 2 solution to Europe’s gas crisis could be months away

The controversial Nord Stream 2 pipeline has the potential to ease Europe’s gas crisis, and Russia says the project is on track. But obstacles remain -- and some of them could take months to clear. ... http://dlvr.it/S998bN

[onielpetroserve]

Equinor launches a multibillion-dollar blue hydrogen plan

Equinor ASA, the flagship producer of oil and gas giant Norway, is investing billions of dollars in blue hydrogen on a bet that it can make the fuel more cleanly than anyone else. ... http://dlvr.it/S998bH

[onielpetroserve]

Canadian oil exports to U.S. jump with new pipeline startup

Canadian oil shipments to the U.S. jumped to the highest volume since the start of the year thanks in part to the startup of a long-delayed Canadian pipeline. ... http://dlvr.it/S978FV

[onielpetroserve]

Oil industry needs $500 billion to avoid future supply crises, says Moody’s

Oil explorers need to raise drilling budgets by 54% to more than half a trillion dollars to forestall a significant supply deficit in the next few years, according to Moody’s Investors Service Inc. ... http://dlvr.it/S978CM

[onielpetroserve]

Oil prices dive on increasing U.S. crude inventories

Oil declined by the most in two weeks in the wake of growing U.S. inventories and after Russia signaled it is ready to help ease a global energy crisis. ... http://dlvr.it/S93fzm

[onielpetroserve]

U.S. shale drillers show restraint as oil prices rally, adding to OPEC leverage

U.S. shale oil production will expand at a “modest rate” over the next 18 months even as prices touch multiyear highs, according to BloombergNEF, leaving OPEC in a powerful position as the world cries out for more barrels. ... http://dlvr.it/S93JNP

[onielpetroserve]

Putin makes a conditional offer to ease Europe’s natural gas crisis

With winter fast approaching and a stunning energy price surge pummeling Europe, Russian President Vladimir Putin chose an opportune moment to use his country’s leverage as an oil and gas superpower. ... http://dlvr.it/S93JNv

[onielpetroserve]

Electric fracturing is catching on, but environmentalists are not impressed

Low-carbon hydraulic fracturing is gaining traction across the U.S. But since it still extracts the very oil and gas that fossil-fuel critics want the world to stop consuming altogether, not everyone’s convinced. ... http://dlvr.it/S92qr7

[onielpetroserve]

Global energy consumption and emissions will climb through 2050, EIA projects

The U.S. Energy Information Administration projects that, absent significant changes in policy or technology, world energy consumption will grow by nearly 50% between 2020 and 2050. ... http://dlvr.it/S92qqT

[onielpetroserve]

European natural gas prices soar 60% in two days as EU sounds alarm

Dutch and UK gas futures continue to hit fresh records along with rising power prices. Rocketing energy costs are stoking inflationary pressures and fueling concern that economic growth will slow, prompting a slump in European stocks. ... http://dlvr.it/S92HCh

[onielpetroserve]

Saudis cut oil prices after OPEC+ restraint fuels rally

Saudi Arabia reduced oil prices for its main buyers, a day after OPEC+ sent crude futures surging by sticking to a plan for slow and steady supply increases. ... http://dlvr.it/S91hxP

[onielpetroserve]

Xodus acquires Ocean Geo Solutions

Energy consultancy Xodus has continued its global expansion with the acquisition of Houston-based data interpretation consultancy Ocean Geo Solutions, adding capabilities in geophysical data processing, interpretation and reporting. ... http://dlvr.it/S8z9Xg

[onielpetroserve]

Baker Hughes brings proven flare monitoring and management tech to upstream operations

Panametrics, a Baker Hughes business, has made its flare control and digital verification platform, flare.IQ, available to upstream operators for the first time. ... http://dlvr.it/S8ybj2