Conventional Energy

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Japan Boosts Reliance on Allies Australia, U.S. for Long-Term LNG Supplies

Conventional Energy, Latest, LNG, US News / By

Summary Contracts from Russia, other countries expiring over time Prospect of Russian gas disruption has Japan turning to allies Deals being struck in Australia, US despite political issues TOKYO, March 11 (Reuters) – Resource-scarce Japan is shoring up long-term supplies of liquefied natural gas from close allies Australia and the United States as key contracts …

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U.S. Carbon Pipeline Company Pledges No Oil Recovery, but Bakken Drillers Want It

Carbon Capture, Conventional Energy, Energy Topics & Technology, Latest, Oil, US News / By

March 11 (Reuters) – Summit Carbon Solutions, which is trying to build the biggest carbon dioxide capture pipeline in the United States to transport and bury greenhouse gases, has repeatedly pledged its project will not be used by drillers to boost output from oil fields. But Summit has a different message for prospective clients, including …

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Aramco in Talks for U.S. LNG Projects as Mideast Gas Race Heats Up

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

Saudi state company in discussions with a number of entities Others in the region are also betting big on the LNG sector Saudi Aramco is in talks with companies for liquefied natural gas projects in the US as it looks to the fuel for global growth at a time when rivals in the region are also expanding …

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Coast Guard Says No Sheen Left After Potential Oil Spill Near LA

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

The US Coast Guard said Saturday no remaining sheen was observed on Pacific waters following reports of a potential oil spill south of Los Angeles near Huntington Beach. Officials on Friday responded to an oily sheen 2.5 miles (4 kilometers) long and 0.5 miles wide near the Emmy and Eva oil platforms, about 2.8 miles off Huntington …

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U.S. Pause on New LNG Export Licenses May Last Months Under Review

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

Responding to public comments, analysis to take time: US DoE American official says US is focused on Japan energy security Bloomberg The Biden administration’s pause on new liquefied natural gas export licenses could last months as the Department of Energy reviews the issue, according to a US energy official. “We anticipate the analysis that’s underway …

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Oil Dips 1%, Posts Weekly Loss as Markets Weigh Chinese Demand

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

(Reuters) – Oil prices closed 1% lower on Friday and fell even more for the week as markets remained wary of soft Chinese demand even as producer group OPEC+ extended supply cuts. Brent crude futures settled down 88 cents, or 1.1%, at $82.08 a barrel. U.S. West Texas Intermediate crude futures (WTI) fell 92 cents, …

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TC Energy’s Keystone Oil Pipeline Offline Due to Operational Issues

Conventional Energy, Energy Topics & Technology, Latest, Oil, Pipelines, US News / By

TC Energy’s Keystone oil pipeline is offline due to operational issues, cutting off a major conduit of Canadian oil to the United States, three industry sources said on Thursday. The 622,000 barrel-per-day pipeline has been dogged by problems, including a 2022 spill in rural Kansas. Calgary, Alberta-based TC did not immediately respond to a request …

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Canada Energy Regulator approves the first compressed natural gas facility in the NWT

Conventional Energy, Latest, Natural Gas, Press Releases / By

The Inuvialuit Energy Security Project is expected to provide sustainable energy for the next 50 years CALGARY, AB, March 7, 2024 /CNW/ – The Commission of the Canada Energy Regulator (CER) has approved the Inuvialuit Energy Security Project (IESP) Energy Centre with 20 conditions. The project will convert natural gas into compressed natural gas, propane, and synthetic diesel that can be …

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U.S. Natgas Prices Little Changed Ahead of Federal Storage Report

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

U.S. natural gas futures were little changed on Thursday as the market waited for direction from a federal report expected to show a much smaller-than-usual storage withdrawal last week when warmer-than-normal weather kept heating demand low. That lack of price movement came despite a bearish low amount of gas flowing to liquefied natural gas (LNG) …

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Hess Says Reviewing Timeline for Closing of Chevron Deal

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

U.S. oil producer Hess said on Thursday it was reviewing the timeline for closing its merger with Chevron, after oil major Exxon Mobil signaled a potential counter offer for Hess’s Guyana assets. Exxon on Wednesday filed a contract arbitration claim related to Hess’ proposed sale of its Guyana oil properties and suggested it may counter Chevron’s pending …

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