Conventional Energy

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Oil Firms Evacuating U.S. Gulf of Mexico Staff as Hurricane Threat Rises

Conventional Energy, Latest, Offshore, Oil, Tri-Pinned, US News / By

Sept 23 (Reuters) – U.S. oil producers on Monday were scrambling to evacuate staff from Gulf of Mexico oil production platforms as forecasters predicted the second major hurricane in two weeks could tear through offshore oil producing fields. The U.S. National Hurricane Center said a potential Tropical Cyclone System Nine near the western tip of …

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FTC Set to Greenlight Chevron’s $53 Bln Buy of Oil Rival Hess, Sources Say

Conventional Energy, Energy Topics & Technology, Latest, Mergers and Acquisitions, Oil, Pinned Primary, US News / By

The U.S. Federal Trade Commission is expected to greenlight U.S. oil producer Chevron’s purchase of Hess as soon as this week, two people familiar with the matter said, leaving Exxon Mobil’s challenge to the $53 billion deal as its final hurdle.                      The proposed merger was first …

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Berkshire Hathaway’s Maryland Cove Point LNG Export Plant Shut for Maintenance

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(Reuters) – U.S. energy firm Berkshire Hathaway Energy shut its Cove Point liquefied natural gas (LNG) export plant in Maryland for about three weeks of annual autumn maintenance, according to a company notice to customers. The amount of natural gas flowing to the plant, which shut around Sept. 20, fell to near zero from an …

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Shell to Shut Production at Two Oil Facilities in Gulf of Mexico

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(Reuters) – Shell  said on Sunday that it would shut production at its Stones and Appomattox facilities in the Gulf of Mexico as a precautionary measure in response to a tropical disturbance. “We are in the process of safely pausing some of our drilling operations, and currently have no other impact on our production across the …

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Oil Edges Higher as U.S. Interest Rate Cut Counters Weak Demand

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By Arunima Kumar (Reuters) – Oil prices rose slightly in choppy trade on Monday after last week’s cut to U.S. interest rates and a dip in U.S. crude supply in the aftermath of Hurricane Francine countered weaker demand from top oil importer China. Brent crude futures for November edged up by 16 cents, or 0.21%, to …

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U.S. Drillers Cut Oil and Gas Rigs for Fifth Week in Six, Baker Hughes Says

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

U.S. energy firms this week resumed cutting the number of oil and natural gas rigs after adding rigs last week, with the count falling for a fifth week in six, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, …

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Microsoft’s AI Power Needs Prompt Revival of Three Mile Island Nuclear Plant

Conventional Energy, Latest, Nuclear, US News / By

  Three Mile Island power plant in Middletown, Pennsylvania in 2019.Photographer: Andrew Caballero-Reynolds/AFP/Getty Images The owner of the shuttered Three Mile Island nuclear plant in Pennsylvania will invest $1.6 billion to revive it, agreeing to sell all the output to Microsoft Corp. as the tech titan seeks carbon-free electricity for data centers to power the artificial intelligence …

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Global Refiners Face Profit Slump as New Plants Come Online

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

(Reuters) – Oil refiners in Asia, Europe and the United States are facing a drop in profitability to multi-year lows, marking a downturn for an industry that had enjoyed surging returns post-pandemic and underlining the extent of the current slowdown in global demand. The weakness is a further sign of soft consumer and industrial demand, …

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Kiewit Settles Dispute With Venture Global LNG Over Construction Disclosures

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(Reuters) – Construction contractor Kiewit on Thursday said it has settled a lawsuit with LNG developer Venture Global LNG over disclosures to Shell  of information on the Calcasieu Pass LNG plant, the president of Kiewit Energy said. Venture Global on August 2 filed for arbitration against Kiewit alleging it passed confidential documents to Shell in a …

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