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Reform before we invest – U.S. firms tell Nigeria oil and gas sector

Reform before we invest – U.S. firms tell Nigeria oil and gas sector

July 30, 2019 No Comments

Nigeria could attract more U.S. investment if the oil and gas sector becomes less opaque and a fuel-price peg is removed, according to a U.S. official. “Nigeria needs to think strategically about what is going to make it a more attractive destination,” Brent Omdahl, commercial counselor at the U.S. Department of Commerce, said in an […]

U.S DOE PRIZE FOR WAVE ENERGY-POWERED DESALINATION SYSTEMS

June 24, 2019 No Comments

The Water Power Technologies Office (WPTO) at the U.S. Department of Energy (DOE) recently announced a $2.5 million prize competition called Waves to Water to spur innovation in wave energy-powered desalination systems. It is the first prize under the Water Security Grand Challenge, a White House-initiated, DOE-led framework to advance transformational technology and innovation to […]

Tags: , , Renewables
Big Oil’s Biggest Weapon In The Permian

Big Oil’s Biggest Weapon In The Permian

April 30, 2019 No Comments

While European oil supermajors are yielding to investor pressure to set emission reduction targets and announcing investments in renewables and EV charging networks, U.S. majors ExxonMobil and Chevron are doubling down on oil production on their home turf, turning the ‘shale game’ into a ‘scale game’, as Chevron’s CEO Michael Wirth has recently said. The two biggest […]

U.S. State Energy Data Release

U.S. State Energy Data Release

April 23, 2019 No Comments

State Energy Data System (SEDS) estimates for consumption, prices, and expenditures for petroleum coke and other petroleum products through data year 2017 are available on the SEDS Updates page. Other petroleum products is a category that comprises 11 products, including still gas, petrochemical feedstocks, and special napthas. Data highlights for 2017 include U.S. consumption of […]

EIA expects 2019 summer average U.S. residential electricity use to be lowest in five years

EIA expects 2019 summer average U.S. residential electricity use to be lowest in five years

April 18, 2019 No Comments

EIA’s Short-Term Energy Outlook forecasts that the typical U.S. residential household will consume about 3,080 kilowatthours of electricity this summer (June through August), down 5% from the average summer consumption in 2018. If this forecast is realized, it would be the lowest level of electricity consumption per customer since 2014 and the second-lowest level since […]

Bill allowing U.S. to sue OPEC moves forward

Bill allowing U.S. to sue OPEC moves forward

February 11, 2019 No Comments

Legislation that would allow the U.S. government to sue OPEC for inflating oil prices cleared a key hurdle in the new session of Congress. The House Judiciary Committee, now led by Democrats, advanced the “No Oil Producing and Exporting Cartels Act” Thursday. That sets the bipartisan “NOPEC” bill, which would subject the cartel to possible […]

TechnipFMC Awarded ExxonMobil Refinery Expansion Project Contract

TechnipFMC Awarded ExxonMobil Refinery Expansion Project Contract

January 31, 2019 No Comments

TechnipFMC (NYSE:FTI) (PARIS:FTI) has been awarded a large (contract ranges between $500 million and $1 billion) reimbursable contract by ExxonMobil for detailed engineering, procurement, and construction for the recently announced crude expansion project in Beaumont, Texas, USA. The awarded scope covers the addition of four new units – atmospheric pipe still, kerosene hydrotreater, diesel hydrotreater […]

Chevron Announces First Oil From Big Foot Project in the Deepwater GoM

Chevron Announces First Oil From Big Foot Project in the Deepwater GoM

November 22, 2018 No Comments

Chevron Corporation (NYSE:CVX) announced that the Chevron-operated Big Foot deepwater project, located in the U.S. Gulf of Mexico, has started crude oil and natural gas production. The field is located approximately 225 miles (360 km) south of New Orleans, La., in a water depth of approximately 5,200 feet (1,584 m.). The Big Foot field was […]

Steven W. Green Named President of Chevron North America E&P

Steven W. Green Named President of Chevron North America E&P

November 6, 2018 No Comments

Chevron Corporation (NYSE:CVX) today named Steven W. Green president of Chevron North America Exploration and Production, effective March 1, 2019. Green, 61, succeeds Jeff Shellebarger, who is retiring from Chevron after 38 years of distinguished service. Green, who is currently president of Chevron Asia Pacific Exploration and Production, will oversee Chevron’s exploration and production activities […]

Producers react favorably to U.S.-Mexico-Canada Agreement

Producers react favorably to U.S.-Mexico-Canada Agreement

November 6, 2018 No Comments

Agricultural producer sentiment rebounded in October, according to the Purdue University/CME Group Ag Economy Barometer. The October barometer reading of 136 was 22 points higher than September, which was the lowest reading for the survey since 2016. The barometer is based on a survey of 400 agricultural producers from across the country. The sentiment improved […]

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