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US Oil Capital Houston Buzzes as Industry Limbers up for Venezuela Oil Rush

Conventional Energy, Energy Topics & Technology, Latest, Oil, Refineries, US News / By

Houston firms eye Venezuela’s vast oil reserves amid political uncertainty Smaller investors see Venezuela as high-risk, high-reward opportunity US sanctions complicate oil trade, investment in Venezuela (Reuters) – In a downtown Houston bar, Matthew Goitia, a director at Pelorus Terminals, lays out his early idea to refurbish and build marine terminals that can blend and …

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Power Prices Surge as Winter Storm Spikes Demand in US Data Center Alley

Conventional Energy, Electricity Grid, Energy Topics & Technology, Latest, Natural Gas, Tri-Pinned, US News / By

  Power prices in the largest U.S. grid rose sharply on Sunday as demand in a region with the world’s largest concentration of energy-hungry data centers surpassed forecasts during a deep freeze gripping half the country. Real-time wholesale electricity prices topped $1,800 per MWh early Sunday in Dominion Energy’s Virginia territory, up from $200 per …

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US Storm Leaves 1 Million Without Power, Forces 10,000 Fight Cancellations

Air Travel, Electricity Grid, Energy Topics & Technology, Latest, Pinned Primary, US News / By

Summary Snow, sleet, freezing rain, dangerous cold expected Sunday Federal emergency declarations approved in at least 12 states Outages impact states including Mississippi, Louisiana, Texas More than 10,000 flight cancellations on Sunday (Reuters) – More than 1 million customers in the U.S. as far west as New Mexico were without electricity and over 10,000 flights …

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US Seeks Quick Repairs to Lift Venezuela Oil Output

Latest, Oil, US News / By

  The United States is in talks with Chevron, other crude producers, and major oilfield service providers about a plan to quickly raise Venezuela’s crude production, Bloomberg News reported on Saturday, citing senior administration officials. Officials have discussed deploying SLB, Halliburton and Baker Hughes to repair and replace outdated equipment, and refresh older drilling sites, …

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COMMENTARY: US Energy Dominance Would Make for a Clumsy Weapon – Trump Has Given His Putative Allies Every Reason to Accelerate the Shift Away From the US

Conventional Energy, Latest, LNG, US News / By

By Robert Cyran NEW YORK, Jan 23 (Reuters) – Greenland deal or no, the international order is fraying. As the Trump administration ramped up – before stepping back from – brazen territorial claims, Canadian Prime Minister Mark Carney captured the mood at the World Economic Forum in Davos: “Great powers have begun using economic integration …

COMMENTARY: US Energy Dominance Would Make for a Clumsy Weapon – Trump Has Given His Putative Allies Every Reason to Accelerate the Shift Away From the US Read More »

Mexico Weighs Stopping Oil Shipments to Cuba Amid Concerns of Trump Retaliation

CDN and International News, Conventional Energy, Latest, Oil / By

The Mexican government is reviewing whether to keep sending oil to Cuba amid growing fears within President Claudia Sheinbaum’s administration that Mexico could face reprisals from the United States over the policy, which is a vital lifeline for the Communist-run Caribbean island, according to three sources familiar with the discussions. A U.S. blockade of oil …

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Trump Administration Considers Naval Blockade to Halt Cuban Oil Imports, Politico Reports

Latest, Oil, US News / By

U.S. President Donald Trump’s administration is considering imposing a total blockade on oil imports to Cuba as part of possible new tactics to drive leadership change in the Caribbean country, Politico reported on Friday, citing three people it said were familiar with the plan. While no decision has been made, such a move has been …

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North Dakota Crude Output Down on Cold Weather Snap, State Regulator Says

Conventional Energy, Latest, Oil, US News / By

(Reuters) – HOUSTON, Jan 23 – North Dakota crude output is currently down by 80,000 barrels per day to 110,000 bpd as operators shut production in due to cold weather, the state regulator said on Friday. “It is warming up next week so I don’t anticipate any long term production impacts,” said Justin Kringstad, Director …

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How the U.S. Controls Iraq’s Oil Revenues

Conventional Energy, Latest, Oil, US News / By

(Reuters) – The United States, since its 2003 invasion of Iraq, has held effective control over the country’s oil revenue dollars, giving Washington extraordinary leverage over Baghdad’s affairs, with implications for regional dynamics involving Iran. How does the U.S. control Iraq’s oil revenues? The U.S. control over Iraq’s oil revenues primarily stems from the management …

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North Dakota Oil Production up 12,000 bpd in November vs October to 1,189,000 bpd – State Regulator

Conventional Energy, Latest, Oil, US News / By

(Reuters) – Oil production in North Dakota rose 12,000 barrels-per-day (bpd) to 1,189,000 bpd in November, monthly data from the state Industrial Commission showed. Bakken and Three Forks oil production stood at 1,159,000 bpd in the month. The data was released on the North Dakota Industrial Commission’s general statistics webpage and has been rounded to …

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