Conventional Energy

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US Crude Stocks Fall, Gasoline and Distillate Inventories Rise – EIA

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

U.S. crude stocks fell while gasoline and distillate inventories rose in the week ending September 13, the Energy Information Administration (EIA) said on Wednesday. Crude inventories fell by 1.6 million barrels to 417.5 million barrels in the week, the EIA said, compared with analysts’ expectations in a Reuters poll for a 500,000-barrel draw. Crude stocks …

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Saudi Aramco Wants to be a Major LNG Gas Player, Gas Chief Says

CDN and International News, Conventional Energy, Latest, Natural Gas / By

(Reuters) – The world’s largest oil producer, Saudi Aramco, wants to become a major liquefied natural gas player, the head of its natural gas business said on Tuesday. Saudi Aramco has taken the first steps to reach a goal of becoming a major LNG player, said Abdulkarim Al-Ghamdi, an Aramco executive vice president, at the …

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Progressives Should Cut Harris Slack on Fracking, Says Environmentalist

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

Democratic nominee no longer wants to ban the practice Pennsylvania is big fracking state that looms large in US race Bill McKibben speaking at Upstate Films in Rhinebeck.Photographer: Anne Riley Moffat/Bloomberg Progressive Americans unhappy with Vice President Kamala Harris’ about-face on fracking need to ease up, said environmentalist Bill McKibben. “Look, it doesn’t make me happy, but …

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Houston-Area Blaze Caused by SUV Accident, Officials Say

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

Authorities in Deer Park say no indication of terrorism Operator Energy Transfer is letting the fire burn out By Christopher Charleston A fire on an Energy Transfer LP natural gas liquids pipeline near Houston was caused by an SUV crashing through the fence of a Walmart store and into an above-ground valve to the line, local officials said. …

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Diamondback Eyes Natural Gas to Generate Power in Oil Patch

Artificial Inteligence, Conventional Energy, Energy Topics & Technology, Latest, Natural Gas, US News / By

Permian Basin explorer aims to meet electrification demands Company also looking at using small nuclear reactors for power Diamondback Energy Inc., one of the Permian Basin’s biggest oil companies, is considering using some of the natural gas it produces to generate electricity to run drilling and fracking operations. Permian producers have increasingly shifted operations from …

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Chevron CEO Attacks Biden LNG Export Pause on Costs, Carbon

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

Energy Department enacted gas terminal moratorium in January Shale boom transformed US into world’s biggest LNG exporter The oil and gas industry is zeroing in on the Biden administration’s moratorium on new liquefied natural gas export permits as the key policy they want changed under the next US president. Chevron Corp. Chief Executive Officer Mike Wirth called on …

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Harris Understands Fracking Ban Raises Energy Costs, Industry Execs Say

Conventional Energy, Energy Topics & Technology, Fracking, Latest, Natural Gas, Oil, Tri-Pinned, US News / By

Fracking site near Midland, Texas, U.S. August 22, 2019. Picture taken August 22, 2019. REUTERS/Jessica Lutz/File Photo (Reuters) – U.S. Vice President Kamala Harris understands natural gas prices will rise if fracking is banned, industry executives said on Tuesday, explaining their confidence that the Democratic candidate will not ban the production method if she becomes …

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Chevron CEO Hits Biden’s Natural Gas Policies, Says Fuel is Crucial for AI

Artificial Inteligence, Conventional Energy, Energy Topics & Technology, Latest, Natural Gas, US News / By

Chevron CEO Michael Wirth on Tuesday criticized U.S. President Joe Biden’s administration for what he described as “attacks on the natural gas” industry and emphasized the crucial role of Permian natural gas in powering the rapid growth of artificial intelligence (AI). The CEO’s remarks followed new government plans over policies to prevent power-hungry AI data …

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Gas Power Roars Back to Drive Data-Center Boom

Conventional Energy, Electricity Grid, Energy Topics & Technology, Latest, Natural Gas, US News / By

Utilities in the US are building a slew of plants, putting the government’s clean-energy goals further from reach. The Calpine Los Medanos Energy Center gas-fired power plant in Pittsburg, California. Photographer: Bloomberg Natural gas is back in favor in the US. In the first six months of this year, power producers announced plans to build more gas-fired capacity than they …

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OPEC+ Faces a New Problem: A Texas Gas Pipeline

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

The new path to market for Permian Basin shale gas could could foil oil producers’ plan to curb output. By Javier Blas Now is the moment when common sense says the US shale industry should be slowing. With oil prices plunging 25% over the last year, you’d expect companies would surely react by cutting drilling. …

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