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May 3, 2022
Europe May Lose The Energy Transition Race Before It Really Begins | OilPrice.com Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Premium Content By Irina Slav – May 03, 2022, 5:00 PM CDT Europe is facing a major hurdle as...
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TechnipFMC has been awarded an additional contract and received notice to proceed by ExxonMobil affiliate Esso Exploration and Production Guyana Limited for its Yellowtail development in the Stabroek Block offshore Guyana. Source
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The Railroad Commission of Texas moved forward in its application process to gain primacy from the EPA for Class VI injection wells. Source
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The Battery Boom Will Redraw Geopolitical Maps | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Premium Content By Tsvetana Paraskova – May 03, 2022, 4:00 PM CDT The vulnerability of global energy markets is once again...
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API Shows Large Crude Inventory Drawdown | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Related News By Julianne Geiger – May 03, 2022, 3:53 PM CDT The American Petroleum Institute (API) reported a larger-than-anticipated draw this week...
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Marathon Petroleum Posts Impressive Jump In Profit | OilPrice.com Tom Kool Tom majored in International Business at Amsterdam’s Higher School of Economics, he is Oilprice.com’s Head of Operations More Info Related News By Tom Kool – May 03, 2022, 3:30 PM CDT U.S. refiner Marathon Petroleum Corp (NYSE:MPC) was trading up over 4.3% close to...
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Shale Producers Face $42 Billion In Hedging Losses | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Premium Content By Julianne Geiger – May 03, 2022, 3:00 PM CDT BloombergNEF: hedging losses are mounting in U.S. shale. Hess...
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The pandemic had a unique impact on the energy industry and will pave the path of the energy transition on its way to net zero emissions, Society of Petroleum Engineers President Kamel Ben-Naceur said during a keynote presentation at OTC. Source
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U.S. shale giants stung by billions of dollars in hedging losses are spending big bucks to ditch their positions in a risky bet that prices stay high. Source
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Armed clashes, damaged storage tanks and political protests at key ports have hobbled Libya’s ability to export oil, cutting shipments to the lowest level since October 2020. Source
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