Conventional Energy

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North Dakota Governor With Energy Expertise Emerges as Trump VP Contender

Conventional Energy, Energy Commentary, Energy Topics & Technology, Latest, Oil / By

North Dakota governor with energy expertise is a VP contender Strategists say his charm and rural roots could lure moderates Donald Trump and Doug Burgum in Las Vegas.Photographer: Ian Maule/Bloomberg About this time last year, voters didn’t know the name Doug Burgum. Just to get on a debate stage with other Republican presidential primary contenders, he …

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Texas Energy Industry Braces for Beryl as Storm Makes Landfall

Conventional Energy, Latest, Oil, Pinned Primary, US News / By

HOUSTON, July 8 (Reuters) – The Texas energy industry braced for Hurricane Beryl’s impact on Monday, with threats from the powerful storm forcing the closure of key oil and gas shipping ports, slowing refining and prompting the evacuation of some production sites. Beryl, which made landfall near Matagorda, Texas, packing maximum sustained winds of 80 …

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Oil Settles 1% Lower as Mideast Ceasefire Talks Ease Supply Disruption Concerns

Conventional Energy, Latest, Oil, Tri-Pinned / By

(Reuters) – Oil prices settled lower on Friday as the rising possibility of a ceasefire deal in Gaza outweighed strong summer fuel demand and potential supply disruptions from Gulf of Mexico hurricanes. Brent crude futures settled down 89 cents, or 1.02% lower, to $86.54 a barrel, after reaching their highest since April earlier in the …

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Tropical Storm Beryl to Have Little Impact on U.S. Offshore Oil Output

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

Tropical Storm Beryl is expected to have little impact on U.S. offshore oil and gas production, energy companies said on Friday while evacuating personnel from some facilities out of caution. Beryl was downgraded from a hurricane and shifted over Mexico’s Yucatan Peninsula with maximum sustained winds dipping to 70 mph (113 kph), the U.S. National …

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Shell and BP Among Big Firms Taking Stakes in Adnoc’s LNG Plant

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

Shell, Total, BP and Mitsui will each take 10% stake Ruwais will raise the UAE’s export capacity to 15.4m tons/year Four international companies have agreed to invest in Abu Dhabi National Oil Co.’s next liquefied natural gas export project, according to people with knowledge of the matter. Shell Plc, TotalEnergies SE, BP Plc and Mitsui & Co. will each take a …

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Energy Traders are Snapping Up Refineries Away From Big Oil

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

Gaining a foothold in the refining industry gives traders more options when deciding where to send certain oil grades Bloomberg News Commodities traders flush with cash are buying oil refineries that energy majors are increasingly turning their back on. It’s one of the areas where trading houses — who have long coveted the refining and distribution assets …

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U.S. Crude Exports to Europe Hit Two-Year Low in June

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

(Reuters) – U.S. crude shipments bound for Europe fell to a two-year low in June as European buyers bought cheaper regional and West African oil, traders and analysts told Reuters. Exports of U.S. crude to Europe slowed to 1.45 million barrels per day (bpd) last month, the lowest for any month since July 2022, according …

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Australia Runs the Risk of Gas Shortfall by 2027, Watchdog Says

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

East coast markets face challenge, independent inquiry says Report calls for increase in domestic production and supplies Australia, one of the world’s largest liquefied natural gas shippers, faces a shortage within a little more than two years, according to an independent inquiry, which urged a boost to production to meet the challenge of rising demand. …

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