(Bloomberg) — Carnival Corp. posted a profit for the first time since 2020 but issued a fourth quarter earnings outlook that missed Wall Streets’ expectations as higher fuel and currency…
https://gcaptain.com/carnival-earnings-outlook-misses-while-fuel-costs-near-15-year-high/
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BP chief executive Bernard Looney is betting on hydrogen to power future...
https://mfame.guru/bp-doubles-down-on-hydrogen-as-fuel-of-the-future/
According to a recent report, the average state tax revenue from oil and gas production is about $34 billion annually. One study predicts that to fall by two-thirds by 2050 if the U.S. sticks to its decarbonization plans.
“Oil and gas money is so embedded in many local budgets, it’s difficult to imagine a future without it,” a recent New York Times article said.
States and municipalities utilize oil and gas revenue to fund everything from infrastructure to schools and even parks. Oil-rich states...
https://www.freightwaves.com/news/how-states-are-navigating-the-loss-of-oil-and-gas-income
A year ago, the coronavirus pandemic caused jobs to vanish from the energy sector as the demand for gasoline and fuel plummeted from travel restrictions and more people working from home.
But now the economy is picking up. The summer driving season spurred fuel demand, and airline seats are getting filled. With the typical high turnover and need for labor that goes with truck driving, the demand for tanker drivers and truckers to move equipment for oil and gas suppliers is greater than ever.
Truck...
By Gerson Freitas Jr. (Bloomberg) — For John Arnold, the billionaire philanthropist who made his fortune betting on natural gas prices, Houston’s fossil-fuel industry seems finally ready to move on. A…
To wrap up a day of panel discussions and rapid-fire demos at Digital Wildcatters’ and FreightWaves’ virtual conference, Evolve: The Next Evolution of Oil & Gas, Allen Gilmer and Chuck Yates sat down with a bottle of cabernet to reminisce about lessons learned from the boom-bust cycles of the oil and gas industry — and offer advice for those getting into a business sector that could be on the verge of a new upswing.
“I think the biggest culprit in all of this were public investors measuring...
https://www.freightwaves.com/news/controlling-the-narrative-key-to-success-in-oil-and-gas-business
This chat was part of Evolve: The Next Evolution of Oil & Gas, a virtual summit presented by Digital Wildcatters and FreightWaves Wednesday.
TOPIC: Why operators need real-time visibility into LOEs
DETAILS: Lease operating expenses (LOEs), the costs of lifting oil or gas from a producing well, can be improved using high-value, real-time data from the field.
SPEAKERS: Andrew Bruce of Data Gumbo and Yousuf Chaudhary of Atlas Operating. The discussion was moderated by Digital Wildcatters’ Collin...
https://www.freightwaves.com/news/evolve-data-gumbo-serves-up-real-time-visibility
Toby Rice, CEO of EQT Corp, said “culture is everything” when creating a company that can thrive.
Rice co-founded Rice Energy Inc., a Pennsylvania-based natural gas producer, with his brother Derek in 2007. In 2017, Rice Energy was sold to EQT for $6.7 billion.
In 2019, Rice became CEO at Pittsburgh-based EQT Corp, the largest natural gas producer in the United States.
“At the end of the day, what we’re trying to do is generate great results. It’s not about suits, it’s not about bureaucracy, it’s...
https://s29755.pcdn.co/news/evolve-keynote-nothing-builds-culture-like-winning
Day 5 of Global Supply Chain Week focused on energy, mining and chemicals, and Dooner and The Dude were excited to jump into good discussion with Trinity Logistics and Digital Wildcatters.
Jennifer Braun, Trinity Logistics vice president of Kansas City Operations, joined the show to talk about the intricacies behind moving hazardous chemicals. It takes special capabilities to move chemicals safely and legally, but Trinity specializes in hazmat transportation.
Braun said so much regulation goes...
https://s29755.pcdn.co/news/gscw-is-rng-the-fuel-of-the-future-what-the-truck