Energy

Energy industry news - solar, wind, hydroelectric, natural gas, petroleum.

Pipeline operator Enbridge’s Q3 profit more than doubles on steady oil demand

Reuters | November 01, 2024 | Energy

Enbridge posted a more than twofold jump in its third-quarter profit on Friday, as the Canadian pipeline operator benefited from steady oil demand.

US offshore wind execs fret privately over possible Trump election win

Reuters | November 01, 2024 | Energy | Alternative

Exxon’s $8.6 billion profit beats as volume offsets price weakness

Reuters | November 01, 2024 | Energy

Exxon Mobil on Friday beat Wall Street's third quarter profit estimate, boosted by strong oil output in its first full quarter that includes volumes from U.S. shale producer Pioneer Natural Resources.

Dominion Energy beats Q3 profit estimates on lower costs and steady demand

Reuters | November 01, 2024 | Energy

Dominion Energy beat Wall Street estimates for third-quarter profit on Friday, as the electric utilities company benefited from lower costs and steady electricity demand during hot weather.

Oil climbs 2% on reports of Iran preparing strike on Israel

Reuters | November 01, 2024 | Energy

Oil prices rose by 2% on Friday after reports that Iran was preparing a retaliatory strike on Israel from Iraq in the coming days, though benchmarks were still set for a weekly decline.

Exxon, Chevron top Q3 profit expectations on record high oil output

Reuters | November 01, 2024 | Energy

U.S. oil producers Exxon Mobil and Chevron posted better-than-expected third-quarter profits on Friday, outperforming their European rivals, as record high oil production cushioned the blow from a plunge in fuel margins.

Libra Consortium announces first oil at third FPSO in Brazil pre-salt

AJOT | November 01, 2024 | Energy

Signal Ocean Dry Weekly Market Monitor crude and product freight rates, supply-demand - Week 44.2024

AJOT | November 01, 2024 | Energy | Conventional

This week’s focus highlights a decrease in the growth of dirty tonne days throughout this year at a pace lower than seen in the previous two years. For VLCC from the Arabian Gulf to the Far East, there has been a late rebound, with levels nearing surpassing the pace of October in 2023. However, the weakening trend from West Africa to the Far East remains showing a sharp decreasing pace, with a notable downward movement of the previous annual levels.

Biden-Harris Administration Announces NY CREATES’ Albany NanoTech complex as first CHIPS for America R&D Flagship Facility

AJOT | November 01, 2024 | Energy | Alternative

Share of natural gas production in U.S. tight oil plays increased over the last decade

AJOT | November 01, 2024 | Energy

Natural gas produced from the three largest tight oil-producing plays in the United States has increased in the last decade. Natural gas comprised 40% of total production from the Bakken, the Eagle Ford, and the Permian compared with 29% in 2014.

Woodside and Tokyo Gas in discussions over stake in US LNG project

Reuters | October 31, 2024 | Energy

Tokyo Gas is in talks with Woodside Energy over taking a stake in a multi-billion-dollar Louisiana liquefied natural gas (LNG) export project, according to two people familiar with the discussions.

US LNG exports to rise at smallest pace since 2016

Reuters | October 31, 2024 | Energy

U.S. liquefied natural gas exports this year will rise about 2%, analysts estimate, the smallest annual increase since 2016 when the first big U.S. LNG export plant opened, launching a boom that drove the country's producers to the top of world gas exporters.

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