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Search resuls for: "Benoît Morenne"


13 mentions found


☆ Race to Secure Gas for Europe’s Future Winters Has Already Begun
  + stars: | 2022-11-20 | by ( Jenny Strasburg | Benoît Morenne | ) www.wsj.com   time to read: 1 min
Though Europe has filled its reserves of natural gas for this winter, the clock is already ticking to secure energy for the coming years, which are expected to remain dogged by threats of severe shortages,The European Union’s gas storage is around 95% full, and many analysts say the continent might avoid an energy calamity this winter. But procuring gas for coming winters is widely anticipated to become more difficult for European countries now that they are mostly cut off from Russian supplies and global competition is growing for finite cargoes of liquefied natural gas.
☆ Earthquake in Top Texas Oil Region Spurs Calls for New Fracking Rules
  + stars: | 2022-11-19 | by ( Benoît Morenne | Collin Eaton | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/earthquake-in-top-texas-oil-region-spurs-calls-for-new-fracking-rules-11668870953
☆ ‘Deep Geothermal’ Promises to Let Drillers Go Deeper, Faster and Hotter
  + stars: | 2022-11-13 | by ( Benoît Morenne | ) www.wsj.com   time to read: 1 min
Current geothermal plants, like this one near Calipatria, Calif., operate mostly where subterranean heat is closer to the Earth’s surface. Deep geothermal could tap more heat sources and be a game-changing alternative to fossil fuels. A group of startups and researchers are developing technologies to expand the output of geothermal energy. Geothermal plants produce steam from underground reservoirs of hot, porous rocks saturated with water, and channel it into electricity-making turbines or pipes that heat buildings. Although the energy is virtually free of carbon emissions, its adoption has been limited because drilling gets more expensive and more difficult as it goes deeper.
☆ Energy Sticker Shock Grabs Spotlight Before Midterms
  + stars: | 2022-11-07 | by ( Benoît Morenne | ) www.wsj.com   time to read: 1 min
Elevated fuel prices and shortages remain a concern for U.S. consumers ahead of Tuesday’s midterm elections, in which energy costs have become a crucial campaign issue. After a steady decline this fall, the average price of unleaded regular gasoline has been ticking up again, reaching $3.80 a gallon on Sunday, according to AAA, a far cry from the $5 gasoline that stung drivers in June, but still 38 cents higher compared with the same period last year. It is also $1.40 higher than when President Biden took office.
☆ Frackers Say Oil Production Slowing in the Shale Patch
  + stars: | 2022-11-06 | by ( Benoît Morenne | Collin Eaton | ) www.wsj.com   time to read: 1 min
The American shale boom is losing steam just as global markets need more oil to keep up with demand. Despite an extended streak of strong profits, shale companies are slowing their oil-field activity, keeping U.S. oil production roughly flat and offering little relief for tight global markets. What was expected to be a banner year for U.S. oil production has failed to materialize as creeping inflation-related costs, supply-chain snarls and disappointing well performance for some companies have coalesced to limit domestic output, executives and analysts said.
☆ Biden Aims to Spur Drilling With Plan to Refill Oil Reserves, but Producers Are Skeptical
  + stars: | 2022-10-23 | by ( Benoît Morenne | ) www.wsj.com   time to read: 1 min
After releasing the most oil ever from the U.S. emergency petroleum reserve, the Biden administration is signaling it will refill soon, a multibillion-dollar undertaking that it hopes will rouse sluggish domestic drilling activity. The pitch is likely to be a hard sell for many domestic producers, say industry executives and analysts. “It’s a little bit more [complex] than this,” said Olivier Le Peuch , chief executive of oil-field services company Schlumberger Ltd.
☆ Biden Pitches Plan to Refill Oil Reserves, but Producers Are Skeptical
  + stars: | 2022-10-23 | by ( Benoît Morenne | ) www.wsj.com   time to read: 1 min
After releasing the most oil ever from the U.S. emergency petroleum reserve, the Biden administration is signaling it will refill soon, a multibillion-dollar undertaking that it hopes will rouse sluggish domestic drilling activity. The pitch is likely to be a hard sell for many domestic producers, say industry executives and analysts. “It’s a little bit more [complex] than this,” said Olivier Le Peuch , chief executive of oil-field services company Schlumberger Ltd.
☆ New England Risks Winter Blackouts as Gas Supplies Tighten
  + stars: | 2022-10-17 | by ( Katherine Blunt | Benoît Morenne | ) www.wsj.com   time to read: 1 min
New England power producers are preparing for potential strain on the grid this winter as a surge in natural-gas demand abroad threatens to reduce supplies they need to generate electricity. New England, which relies on natural-gas imports to bridge winter supply gaps, is now competing with European countries for shipments of liquefied natural gas, following Russia’s halt of most pipeline gas to the continent. Severe cold spells in the Northeast could reduce the amount of gas available to generate electricity as more of it is burned to heat homes.
☆ Best Buy, Home Depot Lock Up Goods to Fight Theft
  + stars: | 2022-09-27 | by ( Sarah Nassauer | Benoît Morenne | ) www.wsj.com   time to read: 1 min
To deter theft, Best Buy has replaced some products on shelves with QR codes. A Best Buy store at the Southland Center shopping mall in Taylor, Mich. Shoppers are finding more empty space on store shelves, but not because the retailer is out of stock. In many cases, the items are locked away to prevent theft. At a Best Buy store in the suburbs of Houston, hundreds of items including Bose speakers and Fitbit activity trackers have been replaced by small blue signs that read, “This product kept in secured location,” and ask shoppers to find store workers for help.
☆ Stephen Chazen, Former Occidental CEO, Dies at 76
  + stars: | 2022-09-23 | by ( Benoît Morenne | ) www.wsj.com   time to read: 1 min
Stephen Chazen , the former chief executive officer of U.S. oil producer Occidental Petroleum who later founded and led publicly traded shale company Magnolia Oil and Gas died at the age of 76. Mr. Chazen’s death was announced on Friday by Houston-based Magnolia, where since 2018 he had served as chairman, president and chief executive officer. The company said on Wednesday that Mr. Chazen would be stepping down from his positions “due to serious health reasons” and would be succeeded in his role as president and CEO by Chris Stavros .
☆ Private Oil Drillers Are Hitting Their Limits
  + stars: | 2022-09-19 | by ( Collin Eaton | Benoît Morenne | ) www.wsj.com   time to read: 1 min
Private companies in the Permian Basin of West Texas and New Mexico emerged from the pandemic-induced oil downturn as a growth engine for U.S. shale. Dozens of small drillers helped fuel a resurgence in the busiest U.S. oil patch over the past two years. But they tapped many of their best drilling spots, and will have to ease their rapid pace of drilling as their inventory shrinks, analysts and executives say. Private oil companies in the Permian Basin of West Texas and New Mexico emerged from the pandemic-induced oil downturn last year as a growth engine for U.S. shale, now running almost half of the working drilling rigs there, up from a quarter before the pandemic. Their publicly traded rivals are restrained by shareholders pushing for conservative spending and using leftover cash to pay investors and reduce debt.
☆ Private Drillers Are Hitting Their Limits
  + stars: | 2022-09-19 | by ( Collin Eaton | Benoît Morenne | ) www.wsj.com   time to read: 1 min
Private companies in the Permian Basin of West Texas and New Mexico emerged from the pandemic-induced oil downturn as a growth engine for U.S. shale. Dozens of small drillers helped fuel a resurgence in the busiest U.S. oil patch over the past two years. But they tapped many of their best drilling spots, and will have to ease their rapid pace of drilling as their inventory shrinks, analysts and executives say. Private oil companies in the Permian Basin of West Texas and New Mexico emerged from the pandemic-induced oil downturn last year as a growth engine for U.S. shale, now running almost half of the working drilling rigs there, up from a quarter before the pandemic. Their publicly traded rivals are restrained by shareholders pushing for conservative spending and using leftover cash to pay investors and reduce debt.
☆ Journal Reports: Energy
  + stars: | 2022-04-25 | by ( Benoît Morenne | Jackie Snow | Bart Ziegler | ) www.wsj.com   time to read: 1 min
There’s a lot of hype and confusion about carbon-free energy sources. Here’s a look at five of them: how much they produce, what they cost, and what obstacles they face.
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