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Venture Global LNG Explains to U.S .Regulator its Failure to Sell Commercial Cargoes

Conventional Energy, Latest, LNG, US News / By

(Reuters) – Venture Global LNG has told a U.S. regulator that it cannot meet contracts to provide liquefied natural gas (LNG) cargoes to several major customers because its export plant is not yet ready to meet three criteria in the contracts, according to a letter to the Federal Energy Regulatory Commission (FERC). Shell PLC , BP …

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Breaking It Down: Chesapeake $7.4 Bln Deal Finds Safety in Numbers

Conventional Energy, Energy Topics & Technology, Latest, Mergers and Acquisitions, Oil, US News / By

(Reuters Breakingviews) – Chesapeake Energy  is the latest to join the fossil-fuel merger rush, and has the benefit of safety in numbers. That’s true in two ways: first, because its $7.4 billion purchase of Southwestern Energy is financially attractive for Chesapeake shareholders, and secondly because Boss Nick Dell’Osso is treading an M&A path that rivals like Exxon Mobil  and …

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U.S. Distillate Inventories Normalize as fuel Demand Slows

Conventional Energy, Latest, Oil, US News / By

(Reuters) – Recent builds in U.S. distillate stocks have pushed inventories to normal levels for the first time since early 2022, a sign that analysts say may indicate that markets are steadying after several years of wild price fluctuations. Refiners have been scrambling to meet demand for fuels like diesel and heating oil for nearly …

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State Of Louisiana Receives Primacy from EPA for Class VI Injection Wells

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Analysis by Energy Workforce President Tim Tarpley Last week, after a long deliberation process, the EPA granted primacy to the State of Louisiana to issue class VI permits for wells that store carbon dioxide. Currently, only North Dakota and Wyoming have primacy, while Texas, Arizona and West Virginia have applied but are still waiting on …

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U.S. Oil and Gas Jobs See Slight Decline in December, Up Overall for The Year

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Jobs in the U.S. oilfield experienced a slight decline, with a decrease of 941 jobs in the U.S. oilfield services sector during December, according to preliminary data from the Bureau of Labor Statistics (BLS) after adjustments to November numbers and analysis by the Energy Workforce & Technology Council. Compared to November, job availability across the sector decreased …

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Are You Ensuring the Responsible Use of Analytics for Ai-Backed Surveillance Systems?

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By: Jason Chiu In an era of digitization, artificial intelligence (AI) is increasingly prevalent in our daily lives. It’s also reshaping the energy industry by maximising operations and asset performance with advanced analytics. From personalized marketing to surveillance systems, the omnipresence of AI raises profound ethical questions. To ensure a balanced and conscientious approach, the …

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As ConocoPhillips’ Alaska Willow Project Advances, Two Local Governments Have Withdrawn Their Criticism

Conventional Energy, Latest, Oil, US News / By

The tribal and city councils in Nuiqsut withdrew their support for a joint letter they sent last year blasting the “endless expansion of oil development and the complete encirclement of our village.” ConocoPhillips’ CD-5 project was built before construction on Willow started, some seven miles from the Iñupiat village of Nuiqsut on Alaska’s North Slope. …

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EU’s Energy Security Drive May Have Gone Too Far

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

MILAN, Jan 11 (Reuters Breakingviews) – Europe may have overplayed its energy security strategy. President Vladimir Putin’s 2022 attack on Ukraine exposed the European Union’s heavy dependence on cheap gas imported from Russia, chiefly via pipelines. To address the imbalance, the bloc rushed to add facilities to import liquefied natural gas (LNG) by sea from …

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China Dominates Renewable Energy and Coal Power Forecasts

CDN and International News, Conventional Energy, Latest, Oil, Renewable Energy, Solar, Wind / By

(Reuters) – China’s status as the colossus of renewable energy is set to be cemented in the next five years, with the world’s second-biggest economy adding more capacity than the rest of globe combined. The International Energy Agency said in its Renewables 2023 report, released on Thursday, that China will account for 56% of renewable …

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Norway’s Oil and Gas Companies to Step Up Exploration This Year

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Natural Gas, Offshore, Oil / By

Country seeks to maintain position as a key supplier to Europe As many as 50 wells are expected to be drilled: directorate Norwegian oil and gas companies will drill more exploration wells this year as the country seeks to maintain its position as a key supplier to Europe. Between 40 and 50 wells are expected to be …

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