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July 1, 2022

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A shale booster shot: ‘Re-fracs’ rise as cheap way to lift U.S. oil output

Reuters
June 27 (Reuters) – U.S. shale oil producers are returning to existing wells and giving them a second, high-pressure blast to lift output for a fraction of the cost of a finishing a new well. These “re-fracs” are taking hold as shale oil producers look to take advantage of $100......

Biden asks Congress to pause gas tax amid record pump prices

Reuters
June 22 (Reuters) – U.S. President Joe Biden on Wednesday called on Congress to pass a three-month suspension of the federal gasoline tax to help combat record pump prices and provide temporary relief for American families this summer. The president also urged states to temporarily suspend state fuel taxes, which......

Italy’s Saipem sets terms for cash call, shares drop 15%

Reuters
A Saipem logo in seen on the bridge of the Saipem 10000 deepwater drillship in Genoa’s harbour, Italy, November 19, 2015. REUTERS/Alessandro Garofalo Register now for FREE unlimited access to Reuters.com Register New shares offered at 1.013 euros each Capital hike to run from June 27 to July 11 Core......

Energy executives at transition conference still lean on fossil fuels

Reuters
NEW YORK, June 14 (Reuters) – Energy company executives at a conference on the global transition insisted on Tuesday that fossil fuels, especially natural gas, are still needed at a time when global markets grapple with tight energy supplies and skyrocketing prices. Oil and gas supplies have becomeconstricted in many......

EXCLUSIVE U.S. aims to arm Ukraine with advanced anti-ship missiles to fight Russian blockade

Reuters
The U.S. Navy Arleigh-Burke-class guided missile destroyer USS Curtis Wilbur launches a Harpoon surface-to-surface missile during Pacific Vanguard (PACVAN) quadrilateral exercises between Australia, Japan, Republic of Korea, and U.S. Naval forces in the Philippine Sea May 26, 2019. Picture taken May 26, 2019. U.S. Navy/Mass Communications Specialist 1st Class Toni......

Enbridge eyes LNG opportunities as quarterly profits rise

Reuters
The Enbridge Centre company office is seen in Edmonton, Alberta, Canada October 6, 2021. REUTERS/Todd Korol/File Photo Register now for FREE unlimited access to Reuters.com Register May 6 (Reuters) – Canadian energy pipeline company Enbridge Inc (ENB.TO) reported on Friday a rise in first-quarter profit, and outlined expansion plans as......

Dutch aim to stop using Russian fossil fuels by year-end

Reuters
AMSTERDAM, April 22 (Reuters) – The Netherlands plans to stop using Russian fossil fuels by the end of the year, the government said on Friday, vowing to spend an estimated 623 million euros ($675 million) on incentives for companies to fill a major gas storage facility. The government said it......

Baker Hughes earnings miss profit outlook, sending shares down

Reuters
The logo of Baker Hughes (BKR) is seen in this image provided July 21, 2020. Baker Hughes/Handout via REUTERS Register now for FREE unlimited access to Reuters.com Register April 20 (Reuters) – U.S. oilfield services and equipment firm Baker Hughes Co (BKR.O) on Wednesday disclosed first-quarter earnings that missed analysts’......

Halliburton’s profit jumps, outlook improves as drilling activity increases

Reuters
Participants observe a presentation at Halliburton’s booth at the World Petroleum Congress in Houston, Texas, U.S. December 7, 2021. Picture taken December 7, 2021. REUTERS/Liz Hampton/File Photo Register now for FREE unlimited access to Reuters.com Register April 19 (Reuters) – Oilfield services firm Halliburton Co (HAL.N) on Tuesday posted an......

Morning Bid: Keeping it real – Reuters

Reuters
Morning Bid: Keeping it real Reuters Source – For more click here To Return to the Main Aggregate News Page – click here Break’n Pics – Click here for Free Stock Photos...

Halliburton, Schlumberger draw back from Russia amid U.S. energy sanctions

Reuters
Halliburton’s booth is seen at the World Petroleum Congress, in Houston, Texas, U.S. December 6, 2021. REUTERS/Sabrina Valle Register now for FREE unlimited access to Reuters.com Register March 18 (Reuters) – U.S. oilfield services companies Halliburton Co (HAL.N)and Schlumberger said on Friday they havesuspended or halted Russia operations in response......

Outage disrupts Polish trains as Ukrainian refugees head west

Reuters
A man walks near railway tracks after crossing the border between Poland and Ukraine, after fleeing the Russian invasion of Ukraine, in Kroscienko, Poland, March 8, 2022. REUTERS/Yara Nardi Register now for FREE unlimited access to Reuters.com Register WARSAW, March 17 (Reuters) – Railways ground to a halt for much......

CERAWEEK Gas security a growing worry due to Russia’s export dominance

Reuters
HOUSTON, March 9 (Reuters) – Energy industry leaders said the burgeoning energy crisis is perhaps more dire for Europe’s natural gas market than its crude oil imports, due to the continent’s dependency on Russia and as prices have been sky-high for months. Panelists at this year’s CERAWeek conference in Houston......

Nestle, tobacco groups latest companies to pull back from Russia

Reuters
March 9 (Reuters) – Nestle(NESN.S), Philip Morris (PM.N)and Imperial Brands (IMB.L)joined the list of multinationals stepping back from Russia on Wednesday as pressure mounts from consumers in the West to take a stand against the invasion of Ukraine. The world’s biggest packaged food group fell into line with rivals Procter......

CERAWEEK With bans on Russian oil, energy execs warn about supply, security

Reuters
HOUSTON, March 8 (Reuters) – Executives at a U.S. energy conference raised alarms about long-term energy security as the United States moved ahead with an outright ban on Russian oil and gas imports, which sent prices surging past $130 a barrel. The CERAWeek energy conference on Houston is taking place......

CERAWEEK Energy conference kicks off as Ukraine conflict leaves oil market in turmoil

Reuters
March 7 (Reuters) – The world’s biggest gathering of energy industry leaders kicked off in Houston Monday, as Russia’s invasion of Ukraine delivers an oil price shock to the global economy and embattled executives face growing criticism for the industry’s role in climate change. Global oil prices have reached levels......

Ukraine launches ‘IT army,’ takes aim at Russian cyberspace

Reuters
3D printed models of people working on computers and padlock are seen in front of a displayed CYBER SECURITY words and binary code in this picture illustration taken, February 1, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register LONDON, Feb 26 (Reuters) – Ukraine will create......

Biden voices support for new U.S. mines, if they don’t repeat past sins

Reuters
U.S. President Joe Biden speaks during a virtual roundtable on securing critical minerals at the White House in Washington, U.S., February 22, 2022. REUTERS/Kevin Lamarque  Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Feb 22 (Reuters) – U.S. President Joe Biden on Tuesday touted progress by government and......

Oil extends losses as heads for weekly fall on Iranian oil hopes

Reuters
Iranian crude unlikely to hit market in near future: analysts U.S. President Joe Biden to update on Russia at 4 p.m. ET Coming Up: Baker Hughes U.S. oil rig data at 1 p.m. EDT Feb 18 (Reuters) – Oil prices extended losses on Friday and were heading for a weekly......

Oil hits 7-yr highs as Ukraine fears Russian attack imminent

Reuters
The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019. REUTERS/Angus Mordant//File Photo Register now for FREE unlimited access to Reuters.com Register Ukraine’s Zelenskiy says he heard invasion could be Wednesday U.S. moving Ukraine embassy from Kyiv -Blinken......

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