Has Trump Helped Or Hurt The U.S. Ethanol Industry? | OilPrice.com Premium Content By Robert Rapier – Oct 03, 2020, 12:00 PM CDT Last week at a campaign rally in Jacksonville, Florida, President Trump made a puzzling claim. Near the end of a story about Kamala Harris, Trump said “The great state of Iowa —...Continue Reading
Why China Can’t Quit Its Coal Addiction | OilPrice.com Haley Zaremba Haley Zaremba is a writer and journalist based in Mexico City. She has extensive experience writing and editing environmental features, travel pieces, local news in the… More Info Premium Content By Haley Zaremba – Oct 03, 2020, 10:00 AM CDT At the moment, the energy...Continue Reading
“We have to be a simpler, more streamlined, more competitive organization,” CEO Ben van Beurden said in a statement. “In many places, we have too many layers in the company: too many levels between me, as the CEO, and the operators and technicians at our locations.” SourceContinue Reading
The potential for extra Libyan supplies is putting pressure on oil prices just as traders fret about the outlook for energy demand with the coronavirus pandemic still raging. Brent crude is down 3.6% this week to around $40.50 a barrel, increasing its loss this year to almost 40%. SourceContinue Reading
Daily consumption is still 4 million to 5 million barrels day below where it was expected to be before the pandemic, said Russell Hardy, the chief executive of Vitol Group, the biggest independent oil trader. He doesn’t expect a meaningful pickup in demand until at least the summer of 2021. SourceContinue Reading
Baker Hughes worked with Wintershall DEA to cut the subsea wellhead from an abandoned exploration well in 360-metre water depth in only 35 minutes. By comparison, alternative abrasive cutting methods could take as long as five or six hours for the cut alone. SourceContinue Reading
The new PowerSet Solo power charges, with a built-in initiation device, are the only power charges on the market that operate without an igniter. This provides additional operational savings and efficiency. SourceContinue Reading
“Hywind Tampen is a new chapter in Norway’s narrative as an energy nation. With support from the Norwegian authorities, we’re not only building Norway’s first offshore wind project; we’re refining floating offshore wind technology along with the Norwegian supplier industry,” says Equinor president and CEO Eldar Sætre. SourceContinue Reading
The vessel will be built at a combination of Edison Chouest’s shipyards in Florida, Mississippi and Louisiana, creating well over 300 new construction jobs. The construction of this vessel will also have a broader economic impact on other U.S. states hosting suppliers of major components, with some notable beneficiaries being North Carolina and Illinois for...Continue Reading
Futures in New York tumbled as much as nearly 6% on Thursday as U.S. equities pared gains and the dollar moved off its session lows. A Politico report that House leader Nancy Pelosi was skeptical about reaching a deal reined in hopes of the U.S. government providing a much needed boost to demand. SourceContinue Reading
