Conventional Energy

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U.S. Sanctions Seven ‘Dark Fleet’ Ships Linked to Russia LNG

Conventional Energy, Latest, Oil, US News / By

.Vessel move follows Arctic plant sanctions by US last year Shadow fleet vessels have opaque ownership, unknown insurers The US has imposed sanctions on seven liquefied natural gas carriers linked to Russia, including vessels believed to have loaded at its newest export facility in the Arctic region. LNG vessels included Pioneer and Asya Energy, which loaded the …

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Halliburton is Warning Oil Clients After Cybersecurity Attack

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

Attack comes as oil industry increasingly relies on digital Energy Department says no sign attack has impacted services Halliburton Co., the world’s biggest provider of fracking services, said it’s alerting customers and other stakeholders after an unauthorized third party gained access to some of its systems. The Houston oilfield contractor has activated its cybersecurity response …

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U.S. Natgas Prices Slide to Two-Week Low on Ample Storage, Lower Demand

Conventional Energy, Latest, Natural Gas, Tri-Pinned / By

U.S. natural gas futures slid about 2% to a two-week low on Friday on forecasts for lower demand this week than previously expected. In addition, energy analysts noted the oversupply of gas in storage has kept a lid on gas prices all year. There was still about 12% more gas in storage than normal for …

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Ovintiv Explores Sale of Oil Operations in Uinta Basin

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Oil, Shale, US News / By

Uinta assets could be valued at as much as $2 billion in sale Value of oil and gas deals has roughly doubled this year Ovintiv Inc. is considering a possible sale of its operations in the Uinta Basin, which could fetch as much as $2 billion, people with knowledge of the matter said. Denver-based Ovintiv is …

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Despite Alarmist Claims, Hydraulic Fracturing – or Fracking – is Generally Safe, and Risks are Manageable

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

Hydraulic Fracturing: Risks and Management Hydraulic fracturing, a technique used in oil and gas production, has faced strong opposition from environmental groups in the several decades since the practice came into widespread use. Opponents of hydraulic fracturing assert that the process poses innumerable risks to the environment and human health—and have lobbied governments to impose …

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OPEC⁺ Faces Moment of Truth on Planned Output Increase: Kemp

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

LONDON, Aug 22 (Reuters) – In the next few weeks, Saudi Arabia and its OPEC⁺ allies must take a delicate decision about whether to proceed with planned production increases from October, or postpone them because of an uncertain economic outlook. The recent slides in front-month Brent futures prices, calendar spreads and refinery margins, amid concerns …

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Canadian Rail Stoppage Set to Squeeze North American Industries

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

Canada’s freight rail transport could come to a grinding halt after the country’s two biggest railroad operators announced an unprecedented, simultaneous work stoppage following deadlocked talks over labor contracts. Canadian National Railway and Canadian Pacific Kansas City said they had locked out their workers and shut their networks in the country early on Thursday after …

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Dozens Forced to Quit Venezuela’s PDVSA Over Political Views, Workers Say

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

(Reuters) – Over a hundred employees at Venezuela’s state oil company PDVSA, plus others in the oil ministry and parts of the public sector, have been forced to resign over their political views since last month’s disputed election, workers and unions said. The government says President Nicolas Maduro won a third term in the July 28 …

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China Has Cut New Coal Power Plant Permits by Nearly 80%, Greenpeace Says

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

By Colleen Howe BEIJING, Aug 21 (Reuters) – China, the world’s largest builder of coal-fired power stations, cut the number of permits for new plants by nearly 80% in the first half of 2024, an environmental group report finds, saying time would tell whether it was a turning point. The Greenpeace East Asia report, based …

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Consol Energy, Arch Resources Strike Merger Deal to Create $5 Billion Coal Mining Giant

Coal, Conventional Energy, Latest, US News / By

By Sourasis Bose Deal creates one of the largest US coal companies Combined company to export bulk of production to Asia Arch stockholders to own about 45% of combined company Consol shareholders to own rest Aug 21 (Reuters) – Arch Resources (ARCH.N) will merge with Consol Energy (CEIX.N) in an all-stock deal to create a …

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