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U.S. Awards Record $6 Bln to Back Industrial Emissions Reduction Projects

Emission Reduction, Energy Topics & Technology, Latest, US News / By

(Reuters) – The U.S. Energy Department on Monday announced $6 billion in federal funding to subsidize 33 industrial projects in 20 states to cut carbon emissions, saying the investment would support well-paying union jobs and boost U.S. competitiveness. Energy Secretary Jennifer Granholm will unveil the awards during a visit to a Cleveland-Cliffs Steel Corp facility in …

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Oil Rises as Heightened Geopolitical Risks Exacerbate Supply Concerns

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

(Reuters) – Oil prices rose in Asian trading on Monday on concerns over tighter global supply brought about by escalating conflicts in the Middle East and between Russia and Ukraine, while a shrinking U.S. rig count added to upward price pressure. Brent crude futures climbed 39 cents, or 0.5%, to $85.82 a barrel at 0759 …

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Stellantis Lays Off About 400 Workers to Cut Costs in EV Transition

Electric Vehicles, Energy Topics & Technology, Latest, US News / By

CEO says company will have to cut costs to make EVs affordable for the middle class The Associated Press DETROIT — Jeep maker Stellantis NV is laying off about 400 white-collar workers in the United States as it deals with the transition from combustion engines to electric vehicles. EV price gap needs closing to spur demand The company …

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Russia Attacks Ukrainian Gas Storage Site; Ukraine Ramps up Power Imports

CDN and International News, Conventional Energy, Latest, Natural Gas / By

(Reuters) – An underground gas storage site in Ukraine was attacked on Sunday in the latest wave of Russian missile strikes on power facilities, while officials restored power in cities, ordered imports and imposed rolling blackouts to deal with shortfalls. Ukraine’s state-run Naftogaz energy firm reported the attack on the gas storage site (UGS), but …

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From AI to Oil, Demand Dominates the Talk in Houston – CERAWeek Key Takeaways

Conferences, Conventional Energy, Events, Latest, LNG, Natural Gas, Oil, Pinned Primary, Trade Shows, US News / By

The outlook was robust at CERAWeek, and that may have profound implications for the energy transition. If you’re looking for a word to sum up this year’s CERAWeek by S&P Global, try this one: demand. Whether they were discussing oil, gas, power or renewables, speakers at the giant Houston talkfest were optimistic about consumption. Any …

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Oil Prices Down on Gaza Ceasefire Talks, Flat on the Week

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

Summary US says talks in Qatar could reach Gaza ceasefire agreement Russia attacks Ukrainian energy infrastructure overnight Speculators raise U.S. crude oil net longs-CFTC US oil rig counts falls by one to 509 this week, Baker Hughes says (Reuters) – Oil prices slipped on Friday and were flat on the week as the possibility of …

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TotalEnergies Texas Refinery Production Cut After Fire

Energy Topics & Technology, Latest, Refineries / By

Production at TotalEnergies’ 238,000-barrel-per-day (bpd) Port Arthur, Texas refinery was reduced and the small crude distillation unit (CDU) shut following a fire on Friday morning, said people familiar with plant operations. The fire broke out at about 4:30 a.m. CDT (0930 GMT) in the naphtha and aromatics processing section of the refinery, the sources said. …

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