South Texas LNG Projects Get FERC Permits Back
The court that vacated Glenfarne’s Texas LNG and NextDecade’s Rio Grande LNG permits in the summer has reinstated the documents while the government amends the originals.
Apollo Buys Majority Stake in OEG Energy Group
Funds managed by affiliates of Apollo Global Management Inc. are acquiring a majority stake in OEG Energy Group from Oaktree Capital Management LP.
US Crude Oil Imports Fell to Two-Year Low Last Week, EIA Data Shows
(Reuters) – U.S. commercial crude oil imports fell last week by 85,000 barrels per day (bpd) to 5.4 million bpd, the lowest since March 2023, data from the U.S. Energy Information Administration showed on Wednesday. U.S. crude oil imports from top supplier Canada also fell last week to a two year low of 3.1 million …
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US Crude Stocks Rise More Than Expected But Gasoline and Distillate Inventories Fall – EIA
(Reuters) – U.S. crude stocks rose more than expected even as gasoline and distillate inventories fell last week in a sign of sustained fuel demand, the Energy Information Administration said on Wednesday. Crude inventories rose by 1.7 million barrels to 437 million barrels in the week ended March 14, the EIA said, compared with analysts’ …
US Oil Company APA Lays Off Nearly 15% of Staff, Bloomberg News Reports
The news comes days after APA and its partners announced a successful oil discovery on their shared acreage in Alaska’s North Slope.
Oil & Gas, Geothermal Technology Transfer Not a One-Way Street
Technologies commonly used in oil and gas are making it cheaper to drill deep into hot reservoirs to generate geothermal power, but the oil sector could also learn from geothermal, panelists say.
Trump to Clear Venture Global LNG Exports From Louisiana Project, Bloomberg News Reports
(Reuters) – U.S. President Donald Trump’s administration is set to grant Venture Global LNG conditional approval to export natural gas from a proposed Louisiana facility, which had faced delays under former President Joe Biden, Bloomberg News reported. The Energy Department is set to authorize widespread exports from the company’s CP2 project as soon as Wednesday, …
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Putin Advances Strategic Aims While Ceding Little to Trump
(Reuters) – Vladimir Putin has edged closer to his goal of repairing Russia’s relations with the United States and driving a wedge between the U.S. and Europe, while offering only a slim contribution towards Donald Trump’s peace efforts in Ukraine. Before Tuesday’s long phone call between the two presidents, the U.S. side had said it …
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Oil Titans Uneasy Over Tariffs and Crude Prices Meet With Trump
Oil company CEOs will meet with President Trump to express gratitude for his support of the industry, but also to caution him about potential negative consequences of his policies. Summary by Bloomberg AI The CEOs are concerned about the impact of low oil prices, trade tariffs, and potential economic declines on their businesses, despite Trump’s …
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Big Tech’s Data Center Boom Poses New Risk to US Grid Operators
Summary • Data center disconnections threaten grid stability, regulator says • Grid operators face resistance from data centers on proposals for a fix • Texas incidents highlight risks of sudden disconnections by crypto miners BOSTON, March 19 (Reuters) – Data Center Alley, a 30-square-mile stretch outside Washington D.C. and home to more than 200 data …
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