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The Marked Chart Wire · Energy
Energy
Honeywell debuted its Forge Plant Cognition software at the Dangote Lekki refinery. The company estimates the technology will save more than 29 cents per barrel, or over $60 million annually at full capacity.
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Oil
Crude oil declined more than 2 percent as traders balanced the risk of additional strikes on Saudi infrastructure against fears that high prices would reduce consumption.
Egypt Gas
The company reported that the Nargis-2 test hole hit quality rock formations. This confirms the earlier success at the Nargis-1 site in Egyptian waters.
Borr Drilling
The Prospector 5 jack-up rig went under during preload operations off the coast of Gabon. Five individuals remain unaccounted for after the stability failure.
Teck Strike
Teck Resources disclosed that United Steelworkers Local 7619 has begun a work stoppage at the Highland Valley Copper facility in Canada.
Nuclear Energy
The company signed an agreement with Great British Energy, Nuclear to start building advanced fission units at the Wylfa location.
Oil Prices
Shares of Chevron, ExxonMobil, Shell, and ConocoPhillips hit all-time highs as rising crude oil prices continue to drive gains ahead of earnings reports.
Fast headlines, summarized. Not verified and not advice. Check the full story before you act.