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FROM THE OIL PATCH

HEADLINES OF INTEREST

Shell CEO Says World ‘Desperately In Need’ Of Natural Gas

Shell Plc’s natural gas business can continue to grow after making record profits in 2022, as the global thirst for the fuel shows no signs of slowing, said Chief Executive Officer Wael Sawan. After years of questions over how oil and gas producers can deliver strong returns to shareholders while also cutting carbon emissions, Shell’s new boss gave an early insight into how he sees Russia’s invasion of Ukraine reshaping both global markets and the opportunities for his company. “Our natural gas business continues to grow in a world that is desperately in need of natural gas at the moment,

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Pipelines Gearing Up for Hydrogen-Powered Economy

From growing concerns for climate change and net-zero carbon emission commitments, to a focus on greenhouse gas reduction – hydrogen’s potential to help solve crucial energy issues, has gained plenty attention. Demand for hydrogen has soared, and there’s no signs it will slow down soon – ensuring pipelines and infrastructure is up to the challenge will need to be a top priority, sooner rather than later.    Integrating a hydrogen powered energy economy is no easy feat, and it will require reliance on modern technology to support how we store, transport and generate power in the future.   From its energy efficiency,

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Russia’s Oil And Gas Revenues Slump 46% Year-Over-Year

Russian budget revenues from energy sales – including taxes and customs revenues – plummeted last month to the lowest level since August 2020, according to data from its finance ministry compiled by Reuters. In January 2023, the price of Russia’s flagship Urals grade averaged 42% lower than in the same month

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Activists say US should adopt New Mexico’s natural gas rules

Activists are pushing for federal rules on curbing wasted natural gas to look more like New Mexico’s recently passed rules, as they wait for data to reflect that they work. The Environmental Defense Fund, an environmental advocacy group, and Taxpayers for Common Sense, a budget watchdog organization, released a study

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