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U.S. Buys 3.2 Million Barrels of Oil for Strategic Petroleum Reserve

Conventional Energy, Energy Storage, Energy Topics & Technology, Latest, Oil / By

The United States bought 3.2 million barrels of oil for the Strategic Petroleum Reserve, as it continues to slowly replenish the stash after selling a record amount following Russia’s invasion of Ukraine in 2022, a Department of Energy document showed on Friday. The U.S. bought 1.4 million barrels from Exxon Mobil, 600,000 barrels from Macquarie Commodities …

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Natural Gas – A Foundational Fuel in a Secure Global Energy Future

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

Consensus is growing that natural gas will continue to fill a key role in a secure global energy future, and producers are continuing to strive for better environmental performance and greater transparency on impacts. In recent years, this has translated into a growing movement to certify natural gas as “responsibly produced” using a number of …

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US Drillers Add Oil and Gas Rigs for First Time in Three Weeks – Baker Hughes

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By Scott Disavino Jan 19 (Reuters) – U.S. energy firms this week added oil and natural gas rigs for the first time in three weeks, energy services firm Baker Hughes (BKR.O), opens new tab said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, rose …

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INFOGRAPHIC: Industrial Energy Use by State/Province – ENERGYminute

Latest, US News / By

By Aaron Foyer Courtesy of ENERGYminute See more articles and infographics from ENERGYminute HERE Energy used in industry is a significant aspect of global energy consumption, encompassing a diverse range of activities, each with its own energy requirements. Here’s an overview: Types of Energy Used Industrial energy consumption involves various types of energy sources. The most …

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U.S. Says Houthis Launched Missiles at Tanker Ship but No Damage Caused

Conventional Energy, Latest, Oil, US News / By

The Iran-backed Houthi militia launched two anti-ship ballistic missiles at a U.S.-owned tanker ship late on Thursday that hit the water near the vessel but caused no injuries or damage, the U.S. military said. The incident, the latest amid growing tensions in the Red Sea that have disrupted global trade and raised fears of supply …

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Norway Loses Court Battle With Climate Groups on Oil Fields

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

Source: Equinor Climate activists won a court case in Norway against the state over development plans at a handful of oil and gas fields under the sea off the Nordic country’s coast. Greenpeace Norway and Young Friends of the Earth argued that development plans at the Breidablikk, Tyrving and Yggdrasil fields, approved by the ministry …

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Davos Elite See Trump Among Hurdles for Green Growth in 2024

Biomass, Latest, Renewable Energy, Solar, US News, Wind / By

Elections in big economies such as the US, Mexico and Indonesia, and the global climate summit being held once again in a petrostate has business leaders unsure if the energy transition will accelerate this year. Bloomberg Expectations of more extreme-weather events, alongside the possibility of Donald Trump’s election as US president, set the tone for …

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Who’s Right on Oil Demand Growth Forecasts for 2024?

Conventional Energy, Energy Topics & Technology, Latest, Natural Gas, Oil, OPEC, US News / By

Market participants appear to be putting greater faith in the IEA than they do in OPEC. Analysts from groups representing oil producers and consumers have radically different views of this year’s market. But OPEC doesn’t seem to believe its own experts. Oil demand will increase almost as fast this year as it did in 2023 …

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Biden Administration Taking Heat From All Sides Over Louisiana LNG Project

Conventional Energy, Latest, LNG, Pinned Primary, US News / By

(Reuters) – The Biden administration faces mounting pressure over whether to approve a massive new Louisiana LNG export project, with environmentalists saying the facility would undermine U.S. climate goals and business interests arguing it is essential for global energy security. The Federal Energy Regulatory Commission, a panel of three regulators, is expected to vote in …

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SLB Beats on Fourth-Quarter Profit on Strong International Demand

Energy Services, Energy Topics & Technology, Latest, Tri-Pinned, US News / By

(Reuters) – SLB  beat analysts’ estimates for quarterly profit on Friday and said it expects strong growth in its international business this year as resilient offshore and overseas drilling activity boosted demand for its oilfield services and equipment. Schlumberger has banked on international growth, primarily from the Middle East, Europe and Africa, in recent years as …

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