Month: May 2020

Positive developments have been hard to find in the oil market in recent months, but Rigzone’s panel of market-watchers have detected an encouraging trend over the past week with the West Texas Intermediate (WTI) light crude contract. Keep reading to learn more. Rigzone: What were some market expectations that actually occurred during the past week
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JAKARTA (Reuters) – Indonesian authorities are considering two companies’ requests to dispose mining waste into the ocean, a senior government official said on Sunday, at a time of heightened sensitivity about the environmental impact of mining. The requests come as mining waste management is increasingly scrutinized after a nickel plant in neighboring Papua New Guinea
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The planet’s “largest all electric commercial aircraft” has completed its maiden flight, the latest example of a zero-emission form of transport taking to the skies. The Cessna 208B Grand Caravan took off from an airport in Moses Lake, Washington, on Thursday and used a 750-horsepower all-electric motor developed by a Redmond-headquartered company called magniX. Work
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Oil came under pressure on Friday, the last trading day of month, but it’s still on pace to post its best month in history as an uptick in demand as well as record supply cuts have pushed prices higher. West Texas Intermediate, the U.S. oil benchmark, is on track to finish May with a gain
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Apache Corporation has revealed that it will list its common stock solely on the Nasdaq Stock Market from June 9. The company said it will discontinue listing its common stock on the New York Stock Exchange and the Chicago Stock Exchange after the market closes on June 8. Apache added that it will discontinue listing its 7.75 percent notes due 2029 from the New York
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BERLIN/FRANKFURT (Reuters) – Germany’s government on Friday failed to agree on a national hydrogen (H2) strategy, with ministers divided over proposed capacity and implementation times for the long-awaited plan to help decarbonise the economy and cut carbon dioxide emissions. Electrolysis is a carbon-free process, if powered by renewable electricity, to extract “green” hydrogen from water.
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