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U.S. Offshore Wind Execs Fret Privately Over Possible Trump Election Win

Latest, Renewable Energy, Wind / By

(Reuters) – U.S. offshore wind developers put on a brave face at a conference this week, touting their ability to work with leaders from both political parties, although privately attendees fretted that things could get rough for them if Republican Donald Trump wins the Nov. 5 presidential election. The Republican nominee and former president has …

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Big Oil Sees AI Boom Driving ‘Crazy Demand’ for U.S. Natural Gas

Artificial Inteligence, Energy Topics & Technology, Latest, Natural Gas, US News / By

Bloomberg News A surge in energy demand from technology giants that are rapidly developing cloud computing and artificial intelligence — known as hyperscalers — is becoming a major boon for the fossil fuel industry. That’s was the view of Murray Auchincloss, chief executive officer of BP Plc, who sees the technology sector’s hunger for reliable energy supplies …

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Exxon Agrees to Sell Argentina Shale Oil Assets to Pluspetrol

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

Deal still needs the approval of Neuquen Province, person says Exxon is exiting Vaca Muerta shale patch to focus elsewhere Exxon Mobil Corp. has agreed to sell most of its assets in Argentina’s Vaca Muerta shale patch to Pluspetrol SA, according to people familiar with the matter. The province of Neuquen, where the assets are located, has …

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As America Votes, These Big Energy Projects Hang in the Balance

Conventional Energy, Latest, LNG, Natural Gas, Nuclear, Oil, US News / By

Harris and Trump have both touted the promise of lower energy bills while campaigning for president — but they’ve laid out starkly different visions for how to get them.   The outcome of next week’s US presidential election is poised to have profound implications for a handful of multi-billion-dollar energy projects. Republican Donald Trump, who has …

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Woodside and Tokyo Gas in Discussions Over Stake in US LNG Project

Conventional Energy, Latest, LNG, US News / By

(Reuters) – Tokyo Gas is in talks with Woodside Energy over taking a stake in a multi-billion-dollar Louisiana liquefied natural gas (LNG) export project, according to two people familiar with the discussions. Woodside, an Australian oil and gas producer, this month closed on a $1.2 billion buy of developer Tellurian Inc, which put itself on …

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US Oil Output Hits Monthly Record High in August, EIA Says

Conventional Energy, Latest, Oil, US News / By

(Reuters) – U.S. oil production rose 1.5% in August to a monthly record high of 13.4 million barrels per day (bpd), the U.S. Energy Information Administration (EIA) said in its monthly oil and natural gas production report. That tops the prior record high of 13.31 million bpd in December 2023, the data showed. In top …

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US LNG Exports to Rise at Smallest Pace Since 2016

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

(Reuters) – U.S. liquefied natural gas exports this year will rise about 2%, analysts estimate, the smallest annual increase since 2016 when the first big U.S. LNG export plant opened, launching a boom that drove the country’s producers to the top of world gas exporters. Slower gains reflect delays and production outages and the absence …

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