Conventional Energy

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Williams Can Cross Path of Energy Transfer Gas Pipeline, Court Rules

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

Ruling is latest in battle concerning Louisiana Energy Gateway Energy Transfer owns key stretch of lines in Texas, Louisiana Energy Transfer LP can’t stop Williams Cos. from building a natural gas pipeline across the path of the company’s own conduit in Louisiana, a district court in the state ruled. The by the 42nd Judicial District Court of DeSoto Parish …

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Aramco and Adnoc Are Considering Bids for Gas Producer Santos

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, LNG, Mergers and Acquisitions / By

Company has received multiple takeover offers in recent years It has operations in Australia, Papua New Guinea, Alaska Saudi Aramco and Abu Dhabi National Oil Co. have been separately studying potential bids for Santos Ltd., people with knowledge of the matter said, becoming the latest companies to show an interest in the Australian producer’s liquefied natural gas assets. The …

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U.S. is Enjoying a Growing Energy Surplus – For Now

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

Soaring production from shale, wind and solar helped create the biggest glut since at least 1949. Yet demand may soon catch up. Energy scarcely got a look-in during last week’s US presidential debate, but its brief mention is still worth a closer look. In response to a question about the events of Jan. 6, 2021, …

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LNG Pioneer Ousted From Tellurian Attempts to Buy Back Stake

Conventional Energy, Latest, LNG, US News / By

Fired co-founder Charif Souki plans to raise $100 million Tellurian is exploring options, sale with other investors Charif Souki said he plans to raise $100 million from investors to buy a stake in Tellurian Inc., the US natural gas development firm he co-founded and which fired him in December. “Various members of my family are already significant …

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Alaska Sues Over Lost Revenues from Biden Canceling Arctic Oil Leases

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The state of Alaska has sued the federal government seeking to recover revenues it lost out on after President Joe Biden’s administration canceled oil and gas drilling leases in the federal Arctic National Wildlife Refuge. The state in a lawsuit filed on Tuesday in the U.S. Court of Federal Claims said the cancellation of the …

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U.S. Natgas Stockpiles Seen up 32 Bcf in Week Ended June 28

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U.S. utilities likely added a smaller-than-usual 32 billion cubic feet (bcf) of natural gas into storage last week as hot weather prompted power generators to burn more gas than usual to keep air conditioners humming, a Reuters poll showed on Tuesday. That compares with an injection of 76 bcf during the same week a year …

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US, EU Lawmakers Seek International Methane Standard for Oil and Gas

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

A group of European Union and U.S. Democrat lawmakers has asked the International Energy Agency to develop international standards for measuring the oil and gas sector’s emissions of methane, to help countries adopt tougher measures targeting the potent greenhouse gas, a letter showed on Tuesday. The EU will impose methane emissions limits on Europe’s oil …

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Oil Prices Steady After Large U.S. Crude Inventory Draw

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

(Reuters) – Oil prices steadied on Wednesday after trading higher as industry data showed a bigger-than-expected draw in U.S. crude stockpiles, with gains capped by economic headwinds from China and the euro zone. Brent crude futures inched up 7 cents, or 0.08%, to $86.31 per barrel at 0925 GMT. U.S. West Texas Intermediate crude futures …

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U.S. Natural Gas Declines as Weather Moves Cooler in Central US

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

U.S. natural gas futures fell as weather forecasts shifted cooler for the central part of the country. Gas storage remains significantly above the five-year average, inciting fears of a continued oversupplied market, and production is strong. Futures for August delivery settled -12.3c, or -4.7%, to $2.478/mmbtu on Nymex Lowest close since May 15 Weather: Forecasts are trending …

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Venezuela’s Maduro Accepts Proposal to Restart Direct U.S. Talks

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

Venezuelan President Nicolas Maduro said on Monday that he has accepted a proposal to restart direct talks with the United States. “After thinking about it, I have accepted and next Wednesday the talks will restart with the United States government to comply with the agreements signed in Qatar and to reestablish the terms of the …

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