Energy briefs

** Crews continued to evaluate on Tuesday a controlled explosion aiming to dislodge the cargo ship Dali from the collapsed Francis Scott Key Bridge in Baltimore. The Dali has been stuck in Baltimore for 50 days after losing power and ramming into a column of the Francis Scott Key Bridge, causing the structure to collapse.

** Utility companies have started construction on a contentious power line crossing in a Mississippi River wildlife refuge. ITC Midwest and Dairyland Power Cooperative are looking to string the final mile (1.6 kilometers) of the Cardinal-Hickory Creek transmission line across the Upper Mississippi River National Wildlife and Fish Refuge near Cassville, Wisconsin.

** North Dakota Gov. Doug Burgum emerges as a frontfronter for former President Trump’s vice president pick, in large part because of his support for the oil and gas industry.

** An Indigenous advocacy group petitions the U.S. Supreme Court to block a proposed copper mine in Arizona that would destroy a site considered sacred by tribal nations.

** Democratic and Republican governors of neighboring western states are duking it out over high gas prices. Nevada Gov. Joe Lombardo, a Republican, sent a letter Tuesday to California Gov. Gavin Newsom warning him against imposing a cap on oil refineries’ profits that he said could affect his own state’s fuel prices.

**Chinese car brands are missing from the US market, but Chinese-made cars are still sold in the US. Americans bought more than 104,000 Chinese-made cars in 2023 and nearly 28,000 in Q1 2024. Buick, Lincoln, Polestar, and Volvo all sell cars in the US that are made in China.


** Chevron said it is set to launch the sale of its remaining UK North Sea oil and gas assets, in a move that would mark the U.S. energy giant’s exit from the ageing basin after more than 55 years. The planned divestment, confirmed to Reuters on Thursday, comes as Chevron prepares for the $53 billion acquisition of rival Hess which it previously said will include $10 billion to $15 billion in asset sales around the world.

** Nigeria’s new mega refinery near Lagos is seeking to buy millions of barrels of US crude over the next year as it ramps up processing rates. The Dangote plant, built by Africa’s richest man, issued a so-called term tender for the purchase of 2 million barrels a month of West Texas Intermediate Midland crude for 12 months starting in July, according to a document seen by Bloomberg.

** ExxonMobil CorporationXOM, one of the world’s leading oil companies, has struck oil at its Likembe-01 research well in Angola’s offshore Block 15, marking a significant discovery after a two-year hiatus in the region.