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Oil production in North Dakota fell 18,000 barrels per day (bpd) to 1.168 million bpd in July, monthly data from the state Industrial Commission showed on Monday. Wells permitted jumped to 107 in July and 100 in August, versus 78 in June. The state needs to permit roughly 100 wells in a month to keep …
(Reuters) – U.S. natural gas storage is on track to end the April-October summer injection season at a four-year high of 3.899 trillion cubic feet (tcf) on Oct. 31, according to analysts’ estimates. That compares with 3.809 tcf at the end of the summer injection season in 2023, 3.929 tcf in 2020 and a five-year …
US Natgas End-of-Season Storage to Reach Four-Year High in October Read More »
Sept 23 (Reuters) – U.S. oil producers on Monday were scrambling to evacuate staff from Gulf of Mexico oil production platforms as forecasters predicted the second major hurricane in two weeks could tear through offshore oil producing fields. The U.S. National Hurricane Center said a potential Tropical Cyclone System Nine near the western tip of …
Oil Firms Evacuating U.S. Gulf of Mexico Staff as Hurricane Threat Rises Read More »
The U.S. Federal Trade Commission is expected to greenlight U.S. oil producer Chevron’s purchase of Hess as soon as this week, two people familiar with the matter said, leaving Exxon Mobil’s challenge to the $53 billion deal as its final hurdle. The proposed merger was first …
FTC Set to Greenlight Chevron’s $53 Bln Buy of Oil Rival Hess, Sources Say Read More »
(Reuters) – U.S. energy firm Berkshire Hathaway Energy shut its Cove Point liquefied natural gas (LNG) export plant in Maryland for about three weeks of annual autumn maintenance, according to a company notice to customers. The amount of natural gas flowing to the plant, which shut around Sept. 20, fell to near zero from an …
Berkshire Hathaway’s Maryland Cove Point LNG Export Plant Shut for Maintenance Read More »
(Reuters) – Shell said on Sunday that it would shut production at its Stones and Appomattox facilities in the Gulf of Mexico as a precautionary measure in response to a tropical disturbance. “We are in the process of safely pausing some of our drilling operations, and currently have no other impact on our production across the …
Shell to Shut Production at Two Oil Facilities in Gulf of Mexico Read More »
By Arunima Kumar (Reuters) – Oil prices rose slightly in choppy trade on Monday after last week’s cut to U.S. interest rates and a dip in U.S. crude supply in the aftermath of Hurricane Francine countered weaker demand from top oil importer China. Brent crude futures for November edged up by 16 cents, or 0.21%, to …
Oil Edges Higher as U.S. Interest Rate Cut Counters Weak Demand Read More »
U.S. energy firms this week resumed cutting the number of oil and natural gas rigs after adding rigs last week, with the count falling for a fifth week in six, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, …
U.S. Drillers Cut Oil and Gas Rigs for Fifth Week in Six, Baker Hughes Says Read More »
Three Mile Island power plant in Middletown, Pennsylvania in 2019.Photographer: Andrew Caballero-Reynolds/AFP/Getty Images The owner of the shuttered Three Mile Island nuclear plant in Pennsylvania will invest $1.6 billion to revive it, agreeing to sell all the output to Microsoft Corp. as the tech titan seeks carbon-free electricity for data centers to power the artificial intelligence …
Microsoft’s AI Power Needs Prompt Revival of Three Mile Island Nuclear Plant Read More »
(Reuters) – Oil refiners in Asia, Europe and the United States are facing a drop in profitability to multi-year lows, marking a downturn for an industry that had enjoyed surging returns post-pandemic and underlining the extent of the current slowdown in global demand. The weakness is a further sign of soft consumer and industrial demand, …
Global Refiners Face Profit Slump as New Plants Come Online Read More »
