** Sen. Todd Young (R-Ind.) thinks there’s a filibuster-proof majority of senators willing to back crushing sanctions on Russia’s energy sector — a step President Biden and his European counterparts have so far refused to take.
** Halliburton Company celebrated the opening of the Halliburton Chemical Reaction Plant – the first of its kind in Saudi Arabia to manufacture a broad range of chemicals for the entire oil and gas value chain as well as many other industries. The facility expands Halliburton’s manufacturing footprint in the Eastern Hemisphere and strengthens and accelerates its ability to serve the chemical needs of Middle East customers.
** Elon Musk corrected President Joe Biden on Tuesday for touting the success of Ford and General Motors in the electric vehicle industry but completely ignoring the successes of Tesla.” Tesla has created over 50,000 US jobs building electric vehicles & is investing more than double GM + Ford combined,” Musk corrected.
** U.S. energy consumption will increase over the next 30 years as population and economic growth outpace gains in energy efficiency, according to projections from the U.S. Energy Information Administration (EIA).
** The House of Representatives oversight panel has postponed its hearing on oil companies’ climate change disinformation due to the crisis in Ukraine but has asked the board members it had invited to testify to turn in documents by the end of next week, a committee staffer told Reuters.
** Boeing plans to deliver 2 million gallons of aviation fuel made from agricultural waste products to its fuel farms in South Carolina and Washington.
World
** Crude oil production from Libya’s largest oilfield, El Sharara, has been suspended after the Hamada valve was closed by an unknown person or persons, according to various media reports, citing two oil engineers.
** The threat of supply disruptions in Europe, along with Germany’s pledge to build two new fuel-import terminals, could be the push U.S. developers need to move forward with the nearly dozen proposed liquefied natural gas projects.
** Germany is ready should Russia stop exporting gas to the country as Berlin develops a new energy battle plan to end that reliance. The country’s economy minister told Deutschlandfunk radio that in the case that Russia cuts off its gas supply, Germany was ready to boost strategic reserves.
** Hydrogen company Tree Energy Solutions (TES), backed by Belgian investor group AtlasInvest, said on Wednesday it would build an LNG terminal in the German North Sea port town of Wilhelmshaven, business newspaper Handelsblatt reported on Wednesday.
** The world is scrambling for oil after Russia’s invasion of Ukraine sent prices rocketing and upended global supply but producers in Canada, home to the world’s third-largest reserves, have no plans to significantly boost output.