Conventional Energy

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Exxon Mobil, Qatar get 3-Year Extension to Build Their LNG Plant in Texas

Conventional Energy, Latest, LNG, US News / By

HOUSTON, Oct 24 (Reuters) – Federal regulators on Thursday gave an Exxon Mobil (XOM.N) and Qatar Energy LNG joint venture a 3-year extension to finish building their Golden Pass LNG plant, a regulatory document showed. The extension was granted due to delays caused when lead construction contractor Zachry Holdings filed for bankruptcy in March, according …

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Enterprise Products Not Considering New Permian Oil Pipeline, says Co-CEO

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

U.S. energy pipeline operator Enterprise Products is not considering adding a new crude oil line out of the Permian shale field in West Texas, co-CEO Jim Teague said on Thursday. A wave of consolidation in the top U.S. shale field has concentrated output in the hands of companies that are promising to restrain output so …

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U.S. Natgas Prices Climb 4% on Cooler Weather, Higher Global Gas Prices

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U.S. natural gas futures climbed about 4% to a one-week high on Thursday on forecasts for cooler weather and more heating demand over the next two weeks than previously expected and on rising prices for gas in global markets that should boost the value of U.S. liquefied natural gas (LNG) exports. Front-month gas futures for …

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Equinor Sees Upward Gas Price Pressure, Lower Storages Next Year

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

(Reuters) – European gas prices are still subject to upward pressure due to rising demand in Asia and concerns over future supply of Russian and liquefied natural gas (LNG), the CEO of Norwegian oil and gas producer Equinor said on Thursday. “Winter is approaching, and European demand will depend on the weather and temperature. A …

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`JPMorgan Looks to Resume Trading Physical LNG, Bloomberg News Reports

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 JPMorgan Chase is in talks to resume trading physical liquefied natural gas (LNG) after more than a decade, Bloomberg News reported on Wednesday, citing people familiar with the matter. The bank has had talks with at least three projects under development in the Gulf Coast to get a long-term LNG supply, the report said. The …

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US Crude Stockpiles Jump as Imports Climb, Gasoline Builds as Refineries Ramp Up, EIA says

Conventional Energy, Latest, Oil, US News / By

U.S. crude oil inventories rose sharply last week as imports ticked higher, while gasoline stocks rose unexpectedly as refineries ramped up output after seasonal maintenance, Energy Information Administration (EIA) data showed on Wednesday. Crude inventories rose by 5.5 million barrels to 426 million barrels in the week ending Oct. 18, the EIA said, compared with …

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U.S. Fuelmakers to Report Lower Q3 profits on Weaker Margins, Fuel Demand

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

(Reuters) – U.S. oil refiners’ third quarter profits are expected to fall from last year on weakening margins as fuel demand softened and new refining capacity came online, energy analysts said. Refiners have come off favorable pricing and strong demand after the pandemic and Russia’s invasion of Ukraine boosted margins to record levels. U.S. gasoline …

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The Climate Scientist Who Leads Mexico Is Betting on Decades of Fossil Fuel

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Natural Gas, Pipelines / By

A new natural gas pipeline could help reduce poverty in the underdeveloped Yucatan — but it poses a challenge to Sheinbaum’s push to cut emissions Under the crystalline waters off southeast Mexico, workers are laying a pipeline that President Claudia Sheinbaum is counting on to underpin an economic boom and lift millions from poverty. The $4.5 billion …

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U.S. Will Continue to ‘Tighten the Screws’ on Russia LNG Flows

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Senior energy official says that the policy on gas is working Geoffrey Pyatt says he couldn’t speculate on future sanctions Bloomberg News The US will continue to “tighten the screws” on Russian liquefied natural gas exports to deprive Moscow of funds for its war in Ukraine, according to a senior State Department energy official. “Our …

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Cheniere Energy Expects China Gas Demand to Rise More Than 50% by 2040

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

Oct 22 (Reuters) – Cheniere Energy  expects China gas demand to grow to more than 600 billion cubic meters (bcm) by 2040 from 400 bcm today, a company executive said at the Asia Gas Markets conference on Tuesday. “There’s no doubt that gas demand growth in China, in absolute terms, is substantially driven by energy …

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