BHP is resisting an industry being transformed by clean technologies. That's a financial risk, @davidficklig writes (via @opinion) https://t.co/cfoFgkI4Fh
Angola’s Cabinda oil refinery, among the first to be built in Africa in decades, has started shipping fuel, helping the crude producer bolster domestic supply and reduce reliance on imports https://t.co/OKLY8M6w61
Norway is doubling down on upstream investment as Equinor expands drilling activity, targeting 20–30 exploration wells annually to offset long-term production decline. #EnergyMarkets#OilGas#Europe
https://t.co/xwV1JLqNi4
America stopped making titanium sponge in 2020. China and Russia produce 75% of the world's supply. Two Japanese companies, Toho Titanium and Osaka Titanium, supply 70% of America's imports. Sponge is the porous metallic form that every titanium part starts as. In 2018, Titanium Metals Corporation warned regulators that without tariffs the US military would depend on geopolitically risky countries for titanium. No tariffs came. Two years later their plant closed. This month the Air Force announced an $8.4 million program to 3D-print titanium aerostructures. The sponge still comes from overseas. I manufacture chemicals. The same molecular structure that lets titanium survive the most corrosive reactors in our industry is the structure that punishes you when you try to shape it. It conducts heat 30 times slower than aluminum. Machine it and three problems feed each other. The heat stays at the tool tip. The metal bonds to the cutting tool. The surface hardens the moment the tool touches it. Each cut hits a tougher surface than the one before. Aerospace-grade titanium has no substitute. Nothing else matches its strength-to-weight at jet-engine temperatures. Every F-35, Falcon 9, and chlorine plant depends on a metal the US imports.
ExxonMobil beat Q1 estimates with $1.16 EPS as higher oil prices offset Middle East disruptions. Strong refining and trading boosted results despite a 6% drop in global production. #Oil#Earnings#EnergyMarkets#OOTT
https://t.co/Uu3Cqjr5yr
Copper smelters in China churned out a record volume of refined metal last month, as surging prices of byproduct sulfuric acid encouraged higher output and aided the industry’s profitability https://t.co/T1zS8xxWPC
Alcoa is in advanced talks to sell a former smelter site in upper New York state to bitcoin mining firm NYDIG as part of its plans to dispose of its dormant assets https://t.co/sT5hYlk9tb
The US war with Iran gives Latin America a chance to position itself as a steady, energy-rich supplier in a region largely free of major interstate conflict, says @JPSpinetto (via @opinion) https://t.co/N8SmOQiqgK
Aker BP has brought the Symra field online 9 months early, adding ~60–63 million boe and boosting North Sea output. The subsea tie-back highlights faster, lower-cost developments to sustain supply. #NorthSea#OilGas#OOTT
https://t.co/h3AJbbzvXo