Conventional Energy

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TotalEnergies Talks Up New York Listing With Sector Abuzz About Switches

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

Total Talks Up New York Listing With Sector Abuzz About Switches Shell, Glencore already subject of speculation over move to US ESG more important to European investors than on Wall Street TotalEnergies SE is increasingly making noise about moving its stock listing to New York, adding to chatter around European giants potentially being lured by US investors’ …

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U.S. Oil Output Rose by the Most in Feb Since Oct 2021, EIA Says

Conventional Energy, Latest, Oil, US News / By

U.S. field production of crude oil rose in February by 578,000 barrels per day to 13.15 million bpd, the biggest monthly increase since October 2021, data from the U.S. Energy Information Administration showed on Tuesday. The increase came as output in North Dakota and Texas recovered from massive production outages in January from extremely cold …

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Norway to Add Another Oil Field in North Sea With Bestla Tie-In

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

Norway will add a new oil and natural gas development in the North Sea, extending the life of a nearby field that has been in operation for over three decades. Okea ASA will operate the Bestla project, due to come on-stream in the first half of 2027, with total investments forecast to be about 6.3 billion …

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Oil Steady as Investors Eye Mideast Talks, Rates Meeting

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

(Reuters) – Oil steadied on Tuesday after the previous day’s drop as Israel-Hamas talks offered hopes of a ceasefire even as Red Sea attacks continued, while investors awaited signals on U.S. interest rates ahead of a key meeting on Wednesday. Brent crude futures rose 27 cents, or 0.3%, to $88.67 a barrel at 0830 GMT, …

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Western Insurers Say Russian Oil Price Cap Doesn’t Work

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

A group of Western insurers has said a Russian oil price cap has become unenforceable and only pushed more ships into joining a shadow fleet, delivering one of the harshest rebukes to the measure that had been meant to cut revenue to the Kremlin. The G7 group of industrialised nations approved a so-called price cap …

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Texas Operators Turn to Flaring Amid Weak Gas Prices

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Natural Gas, Pinned Primary, US News / By

(Reuters) – Operators drilling for oil in Texas are scrambling to dispose of their excess natural gas amid a supply glut and weak prices, prompting an uptick in flaring requests. The Railroad Commission of Texas (RRC), which regulates the state’s oil and natural gas industry, last week approved 21 exemption requests from operators, mostly in …

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Global Upstream Sector Set for deals Worth $150 billion Over Rest of 2024, Report Says

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

The global upstream industry could see dealmaking worth another $150 billion throughout the remainder of the year, with focus shifting to shale plays in U.S. other than the Permian Basin, analysts at Rystad Energy said in a report. M&A activity in the global upstream industry has already crossed the $64 billion mark this year, most …

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Oil Producers Flush With Cash Cut Reliance on Funding Markets

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

Demand for bank loans fell in 2022 and again in 2023 The drop occurred after two years of rising oil prices Bloomberg Last year, the demand for loans from fossil-fuel companies fell 6% year-on-year and that followed a decline of 1% in 2022. From a climate perspective, this may sound like good news because the …

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U.S. Natgas Flows Rise to 3-Week High as Texas Freeport Pulls in More Fuel – LSEG

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

The amount of natural gas flowing to the seven U.S. liquefied natural gas (LNG) export plants was on track to rise by about 5% to a three-week high on Monday as Freeport LNG in Texas started to pull in more feedgas, data from financial firm LSEG showed. The startup and shutdown of Freeport and other …

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Unthinkable Revival of Nuclear Plants Is a Reality in U.S. Shift

Conventional Energy, Latest, Nuclear / By

A month after the US offered $1.5 billion to restart one shuttered nuclear power plant, there’s a growing sense among officials in the industry and government that it may not be the last. “There are a couple of nuclear power plants that we probably should, and can, turn back on,” said Jigar Shah, director of the US Energy …

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