Conventional Energy

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Voyager Midstream Acquires Some Natgas Assets From Phillips 66

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

(Reuters) – Voyager Midstream Holdings, a portfolio firm of Pearl Energy Investments, said on Tuesday it has acquired some natural gas gathering and processing assets from Phillips 66 to boost its presence in Haynesville shale. Haynesville, located primarily in Louisiana and East Texas, contains large amounts of natural gas. Houston-based Voyager said the assets are …

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Chevron Kicks Off Efforts to Boost Output at Two Gulf of Mexico Fields

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(Reuters) – Chevron (CVX.N) said on Tuesday it had started water injection operations at the company’s projects, Jack/St. Malo and Tahiti off the U.S. Gulf of Mexico, to boost oil and natural gas recovery. Since the fields started production in 2014, Jack/St. Malo have cumulatively produced almost 400 million gross barrels of oil equivalent (boe), the …

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U.S. LNG Exports Rebound in August on Higher Output From Freeport LNG

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Exports of U.S. liquefied natural gas bounced higher in August as output from the country’s second-largest export facility rose following an outage and maintenance activities at other plants wound down, preliminary data from financial firm LSEG showed on Tuesday. Exports of the superchilled gas rose to 7.48 million metric tons (MT) in August, up from …

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U.S. Henry Hub Natgas Prices Fell to 26-year Low in August

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U.S. spot natural gas prices for the month of August fell to a 26-year low at the Henry Hub benchmark in Louisiana, according to pricing data from financial firm LSEG. Gas prices averaged $1.99 per million British thermal units (mmBtu) in August, their lowest since hitting $1.91 during the month in 1998. That compares with …

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OPINION: Why Kamala Harris Could be Good for the Planet

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

By Hugo Dixon (Reuters Breakingviews) – Donald Trump has called climate change a “hoax”, while Kamala Harris says it is an “existential threat”. Those who care about limiting global warming will therefore be hoping the U.S. vice president wins the race for the White House. Scrutinise Harris’ words since she became the Democratic Party’s presidential …

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UK North Sea Oil & Gas Windfall Tax Increase Means $12 Billion Revenue Drop, Lost Jobs Industry Body Says

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Offshore, Oil / By

Summary Increase effective from Nov. 1 Tax rate would be among highest in the world Government says change will help shift to renewable energy (Reuters) – British government plans to increase a windfall tax on North Sea oil and gas producers would lead to a nearly 12 billion pound ($16 billion) drop in revenue to …

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OPEC+ Has Oil Price and Demand Problems. It Should Solve Demand

Conventional Energy, Energy Topics & Technology, Latest, Oil, OPEC, Tri-Pinned / By

(Reuters) – OPEC+ has two problems and two solutions. The first problem is that crude oil prices are too low for the comfort of most of the members of the group, which pulls together the Organization of the Petroleum Exporting Countries (OPEC) and its allies including Russia. The second issue is that crude demand has …

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Oil Extends Losses on Prospect of Higher OPEC+ Supply

Conventional Energy, Latest, Oil, tri, US News / By

Oil prices extended losses on Monday with investors weighing higher OPEC+ production from October against a sharp drop in output from Libya amid sluggish demand in China and the U.S., the world’s two biggest oil consumers. Brent crude futures fell 57 cents, or 0.7%, to $76.36 a barrel by 0108 GMT while U.S. West Texas …

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How Would Trump Seek to Dismantle Biden’s Climate Legacy?

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By Reuters (Reuters) – Donald Trump’s presidential campaign has laid out an energy policy platform centered around maximizing U.S. fuel and power output, in part by dismantling the Biden administration’s centerpiece efforts to fight climate change. In an ironic twist, the United States has become the world’s top producer of oil and gas during Biden’s tenure, and his agencies have …

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OPEC+ Likely to Proceed with Planned Output Hike from October

CDN and International News, Conventional Energy, Latest, Oil / By

(Reuters) – OPEC+ is set to proceed with a planned oil output hike from October, as Libyan outages and pledged cuts by some members to compensate for overproduction counter the impact of sluggish demand, six sources from the producer group told Reuters. Eight OPEC+ members are scheduled to boost output by 180,000 barrels per day …

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