The low pressure weather system is bringing bitter cold from Texas to North Carolina, causing disruptions to passenger rail travel and airline flights throughout the region as snow sweeps across the US South.
Oil and industrial metals declined after President Donald Trump reignited trade-war fears with his tariff threats against Mexico and Canada, while gold rose as investors sought haven assets.
Europe should “meet the Trump administration with an outstretched hand, but not have our hand cut off,” he said Tuesday at the Handelsblatt energy summit in Berlin, responding to the climate and energy directives Trump launched hours after taking office. The European Union should define its own interests, said Habeck, who is the Green Party’s lead candidate for Germany’s upcoming Feb. 23 elections.
“As part of its optimization efforts, OGDCL deployed a rig to replace the tubing and re-complete the well using an artificial lift system (Jet Pump)”, OGDCL said in a regulatory filing. Furthermore, OGDCL said it has introduced Multiphysio Chemical Stimulation technology, marking its first use in the Southern Region.
Under the agreement, Wood will provide maintenance services and shutdown support to optimize the operational performance of the Gippsland Basin Joint Venture’s offshore assets in the Bass Strait and the Longford and Long Island Point facilities, Wood said in a media release. The Gippsland Basin Joint Venture is a 50-50 joint venture between operator Esso Australia Resources Pty. Ltd. and Woodside Energy Pty. Ltd., Wood said.
The 3,300-km (2,050 miles) hydrogen pipeline, named SouthH2 Corridor, is planned to ship green hydrogen from the African coast to Italy and then further north to Austria and Germany.
Portugal will increase purchases of liquefied natural gas (LNG) from the United States and Nigeria, as it aims to end imports of Russian gas, Environment Minister Maria da Graca Carvalho said on Tuesday. According to data from electricity and gas grids operator REN, Portugal imported 49,141 gigawatt-hours (GWh) of natural gas in 2024, of which around 96% was LNG.
Last month, a survey by law firm Haynes Boone LLC revealed that banks are gearing up for oil prices to fall below $60 a barrel by the middle of President-elect Donald Trump’s new term. Trump says he’ll push shale producers to ramp up output.
Citing several unnamed sources the report said Pilot Co had let almost all of its employees go and refocus on its original business in the United States. Warren Buffett’s Berkshire Hathaway acquired Pilot Co. back in 2017 and it ventured into the world of international oil trading after that.
The LNG project in the restive Cabo Delgado province has been on hold since 2021 when an Islamist insurgency threatened the site. Dozens of civilians were killed in the attacks in a nearby town, forcing Total to declare a force majeure and withdraw all staff from the construction site.