Conventional Energy

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California Governor Rejects Health Warnings on Gas Stoves

Similar measures aimed at using labels to inform consumers about the air pollution emissions associated with gas stoves have failed in Illinois and New York. California Gov. Gavin Newsom on Friday vetoed a bill that would have required gas stoves sold in the state to come with warning labels about their air pollution emissions and …

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U.S. Closes $1.52 Billion Loan to Resurrect Michigan Nuclear Plant

(Reuters) – The U.S. on Monday said it closed a $1.52 billion loan to resurrect Holtec’s Palisades nuclear plant in Michigan, and a senior Biden administration official said it could take two years to reopen the plant, which is longer than the company predicted. President Joe Biden’s administration has called for a tripling of U.S. …

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Big U.S. Oil Companies Reveal Massive Payments to Foreign Governments

(Reuters) – The three largest U.S. energy exploration companies paid more than $42 billion to foreign governments last year, about eight times more than what they paid in the United States, according to regulatory filings. The disclosures from Exxon Mobil, Chevron Corp, and ConocoPhillips were required this year for the first time ever under a new …

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Russia Seeks to Counter West’s Climate Agenda with Gas, Nuclear Power

(Reuters) – Russia will pursue its own climate-related goals and put forward proposals on tackling global warming as an alternative to the agenda promoted by the West, Deputy Energy Minister Pavel Sorokin said on Friday. His comments could be a precursor for potential clashes at the COP29 U.N. climate summit, which is due to take …

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Elliott Affiliate Wins Citgo Share Auction with $7 Billion Conditional Offer

Summary Investment firm tops rival offers by CVR Energy, Gold Reserve Bid combining cash, credit is subject to court case resolutions Elliott’s interest in Citgo follows good results from stakes in Marathon Petroleum, Phillips 66 HOUSTON, Sept 27 (Reuters) – An affiliate of Elliott Investment Management on Friday was named the presumptive winner in a …

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Russia Ready to Take Nord Stream Blasts Issue to Court

By Reuters MOSCOW, Sept 28 (Reuters) – Russia is ready to take the case of the Nord Stream pipeline explosions to court if the West fails to investigate the matter, its foreign ministry said on Saturday. The multi-billion dollar Nord Stream 1 and 2 pipelines transporting gas under the Baltic Sea were ruptured by a series …

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Oil Settles Higher But Falls on the Week on Firmer Supply Outlook

Summary Oil settles higher but falls on the week Investors weigh OPEC+ decision to ramp up production China’s central bank lowers interest rates Gulf of Mexico operations resume after Hurricane Helene HOUSTON, Sept 27 (Reuters) – Oil prices settled higher on Friday but fell on the week as investors weighed expectations for higher global supply …

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U.S. Studying New Visa Restrictions, Oil Sanctions on Venezuela Amid Post-Election Standoff

The U.S. government is “studying very closely” the possibility of imposing additional sanctions on individuals in Venezuela as well as potential revoking licenses for oil companies working in the South American country, in response to what it dubs a fraudulent election, a senior official said on Friday. Brian Nichols, U.S. assistant secretary of state for …

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TotalEnergies Buys More Gas Assets in Texas to Boost Value Chain

France’s TotalEnergies expands its natural gas footprint in the United States through a deal reached with Lewis Energy Group to acquire a 45% stake in some dry gas producing assets in the Eagle Ford basin in Texas, the company said on Friday. WHY IT’S IMPORTANT TotalEnergies’ is one of the top exporters of U.S.-made Liquified …

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U.S. Natgas Prices Hold Near 3-Month High as Helene Batters U.S. Southeast

U.S. natural gas futures held near a three-month high on Friday as Hurricane Helene battered the U.S. Southeast after causing Gulf of Mexico producers to cut output and millions of power outages in Florida, Georgia and the Carolinas. On its first day as the front-month, gas futures for November delivery on the New York Mercantile …

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