Cost to Build a Natural Gas-Fired Power Plant Surges 66%, BNEF Says

Conventional Energy, Latest, Natural Gas, US News / By

By Josh Saul Costs to build natural gas-fired power plants in the US increased 66% between 2023 and 2025 as developers propose building more projects nationwide to meet rising electricity demand, adding to customer and political concerns about rising power bills. The average project expense for a gas power plant with combined-cycle turbines, the more …

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Canada’s IEA Oil Promise Adds Little New Crude to Tight Market

CDN and International News, Conventional Energy, Energy Storage, Energy Topics & Technology, Latest, Oil / By

By Robert Tuttle The Canadian government’s pledge to supply 23.6 million extra barrels of oil in the coming months reflects natural growth in production, according to BMO Capital Markets, rather than a specific effort to produce more crude. The promise made by Energy Minister Tim Hodgson last month was Canada’s contribution to the 400 million …

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White House Expected to Extend Jones Act Waiver Up to 90 Days, Sources Say

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(Reuters) – The White House is expected to extend the Jones Act waiver for up to 90 days as early as Friday to help blunt fuel price pressures tied to the Iran conflict, according to two sources familiar with the decision. The move would temporarily ease requirements that goods transported between U.S. ports be carried …

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US Oil Executives Expect Crude Output to Rise as Iran War Continues, Survey Shows

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(Reuters) – U.S. oil executives expect domestic production to rise as the ongoing war in Iran upends global supplies and pushes crude and fuel prices higher, according to a Dallas Fed survey. The survey collected data from April 15 to April 20 from 120 oil and gas firms, of which 78 were exploration and production …

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Alberta Examines Three Northern B.C. Routes for Oil Pipeline

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A new crude pipeline is crucial to Carney’s ambitions of making Canada an energy superpower By Brian Platt Alberta is looking at three options for a new oil pipeline to ship 1 million barrels a day through northern British Columbia, according to people familiar with the matter, as Canadian officials make plans to sharply increase …

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Russia Says it’s Maintaining Oil Supplies But Has No New OPEC+ Initiatives

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(Reuters) – Russia is maintaining the flow of its oil to world markets and thereby helping to limit the impact of the crisis triggered by the Iran war, but it has no specific initiative to propose within OPEC+, the Kremlin said on Thursday. “At the moment, we are making our contribution to stabilizing prices and …

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Iran Tightens Control of Hormuz After US Calls Off Renewed Attacks

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(Reuters) – Iran seized two ships in the Strait of Hormuz as it tightened its grip on the strategic waterway after U.S. President Donald Trump announced he was indefinitely calling off attacks, with no sign of peace talks restarting. The status of a two-week-old ceasefire, due to have expired earlier this week, remained unclear. In …

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China’s LNG Imports Plunge, Helping Asia Adjust to Iran War Losses: Russell

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(Reuters) – Asia’s imports of liquefied natural gas (LNG) are poised to drop to the lowest in nearly six years in April as the effective closure of the Strait of Hormuz cuts off cargoes from major supplier Qatar. Despite the loss of volumes it could be argued that Asia’s LNG markets are being more successful …

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Iran Continues Crude Exports Despite US Blockade, Vortexa Says

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About 10.7 million barrels of Iranian crude exports crossed through the Strait of Hormuz and exited the area blockaded by the U.S. Navy between April 13 and 21, data analytics firm Vortexa said. * The shipments transited on six crude carriers that had their AIS data switched off. * A U.S. blockade of Iranian ports …

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THE ENERGY CRISIS – Welcome to the Age of Global Energy Shocks: Bousso

Conventional Energy, Latest, LNG, Natural Gas, Nuclear, Ocean, Oil, Renewable Energy, Solar, US News, Wind / By

  The past decade has brought a rapid succession of global energy crises, driven by military conflict, extreme weather and supply-chain snarls. As today’s highly interconnected oil and gas markets become more fragmented and the low-carbon transition accelerates, recurring shocks may be becoming the norm. First came the post-pandemic inflationary surge in 2021, quickly followed …

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