Conventional Energy

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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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As ConocoPhillips’ Alaska Willow Project Advances, Two Local Governments Have Withdrawn Their Criticism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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U.S. Oil and Gas Boom Doesn’t Feel Like One to Workers

Conventional Energy, Latest, Natural Gas, Oil / By

Production is breaking records, but employment and real pay are down. By Justin Fox Justin Fox is a Bloomberg Opinion columnist covering business, economics and other topics involving charts. A former editorial director of the Harvard Business Review, he is author of “The Myth of the Rational Market.” Even amid record production, oil and gas …

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World to Get More Gassy Despite Energy Transition Momentum

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

(Reuters) – Nearly every major region is boosting investments in the infrastructure needed to increase the use of natural gas in power generation, despite global efforts to transition energy systems away from fossil fuels. Globally, more than $720 billion is to be spent on gas pipelines under construction or planned, and an additional $190 billion …

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