Conventional Energy

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Next U.S. LNG Export Plant Aims to Begin Production in Mid-2024

Conventional Energy, Latest, LNG, US News / By

Plaquemines requests to import cargoes for start-up process The US became the world’s top LNG exporter last year Venture Global LNG Inc. expects to begin production at its second liquefied natural gas export facility in Louisiana in mid-2024, further cementing to the US as the world’s biggest supplier of the super-chilled fuel. The Arlington, Virgina-based …

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Shell Earns $1 Billion a Year From U.S. Crude Trading, Court Filing shows

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

(Reuters) – Financial details of Shell’s  vast oil and gas trading business are some of the company’s closest-held secrets. Documents in a lawsuit filed by a former employee, however, revealed its U.S. crude trading regularly earns around $1 billion every year. Testimony by a former head of Shell’s U.S. crude trading division filed in a Texas …

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Turkey in Talks with ExxonMobil Over Multibillion-Dollar LNG Deal, FT Reports

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

Turkey is in talks with US energy giant ExxonMobil over a multibillion-dollar deal to buy liquefied natural gas, in an effort to curb its dependence on Russian energy, the Financial Times reported on Sunday. The country is seeking to build a “new supply portfolio” that will make it less reliant on any single partner, Turkey’s …

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Italy Pushes G7 For Coal Phase-Out Date Ahead of Energy Meeting, Sources say

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Italy is pushing for an agreement among the Group of Seven wealthy nations to set a target date for the phase-out of coal in power generation, diplomatic sources said ahead of a meeting of G7 energy ministers in Turin. An agreement on this would be one step in the direction indicated by the COP28 United …

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Texas Natural Gas Prices Plummet After Pipeline Fire

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

Intraday cash prices at Waha fall to about -$3 per million Btu Kinder Morgan shut a pipeline segment, trapping gas in region   Natural gas prices in West Texas under pressure from a glut in supply sank even further into negative territory after a segment of a pipeline system was shut following a fire, threatening …

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TotalEnergies CEO Says World Must Adapt to Warming as Oil Thirst Lingers and Renewable Energy Efforts Continue

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Demand likely to remain above 100 million b/d as late as 2040 Firm sees criticism despite $5 billion annual low-carbon spend The world could still be using more than 100 million barrels a day of oil by 2040, making it vital to start preparing and adapting for a warmer climate, said TotalEnergies SE Chief Executive Officer Patrick Pouyanne. …

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Kinder Morgan Declares Force Majeure on West Texas Natgas Pipeline

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

Pipeline operator Kinder Morgan said on Friday a fire that erupted on a west Texas natural gas pipeline it operates was extinguished after burning for most of the day. The Houston company declared force majeure on a segment of the pipeline in Ward County, Texas, following the fire, according to a notice filed on a …

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OP-ED: It’s About Reducing Emissions, Not Oil Demand – OPEC Secretary General Haitham Al Ghais

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

The pace at which global energy demand is growing means that alternatives cannot replace oil at the necessary scale writes OPEC Secretary General Haitham Al Ghais. Rather than calling for an end to oil, the focus should be on reducing emissions. OPEC Secretary General Haitham Al Ghais A recent report on oil demand by The …

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Oil Settles Higher on Supply Concerns in the Mideast, Economic Woes Subdue Gains

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

(Reuters) – Oil prices settled higher on Friday, garnering support from tensions in the Middle East, but a strong dollar and U.S. inflation data quashed hopes that the Federal Reserve would cut interest rates soon, giving prices a ceiling. Brent crude futures settled up 49 cents, or 0.55%, to $89.50 a barrel. U.S. West Texas …

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COP29 Host Azerbaijan Says Its Fossil Fuel Is ‘Gift of the Gods’

CDN and International News, Conferences, Conventional Energy, Events, Latest, Oil, Pinned Primary / By

President Aliyev commits to boosting investments in gas Country also touts its rollout of green energies this decade Azerbaijan, host of this year’s COP29 climate summit, will continue to invest in increasing gas production in order to feed demand from Europe as its president said that its abundant fossil fuels were a “gift of the …

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