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(Reuters) – Venture Global LNG said on Sunday it would acquire a fleet of nine liquefied natural gas (LNG) transport vessels, expanding its ability to sell and ship its own cargoes. Venture Global has exported hundreds of cargoes since it started liquefying gas for export in 2022 from the first of its three planned facilities …
Summary Ukraine attacks more Russian energy infrastructure over weekend Both benchmarks end last week higher Eyes on monetary policy in major economies this week (Reuters) – Oil benchmark Brent hovered just under the $86 a barrel mark on Monday, extending last week’s gains, as Ukraine increased its attacks on Russian energy infrastructure. Brent crude oil …
Oil Prices Climb as Attacks on Russian Energy Facilities Intensify Read More »
HOUSTON, (Reuters) – Top oil executives and ministers descend on Houston this week for one of the world’s biggest energy conferences emboldened by blockbuster mergers, stable oil prices and less pressure for a large-scale move to clean fuels. Global oil prices have remained in a range between $75 and $85 per barrel, a level fueling …
CERAWEEK 2024: Oil Mergers, Clean Fuels vie for Attention at Houston Energy Conference Read More »
Exxon Mobil on Friday disclosed a new oil and gas discovery in the prolific Stabroek block offshore Guyana, the company’s first announced discovery in the South American country this year. The Bluefin discovery joins more than 30 already since 2015 in the Stabroek block, an 6.6 million acre (26,800 square kilometers) area that has been …
Exxon-Led Group Strikes New Oil and Gas Discovery Off Guyana Read More »
U.S. natural gas futures fell more than 3% on Friday and were poised for a second straight weekly fall, pressured by forecasts for mild weather leading to lower gas demand for heating. Front-month gas futures for April delivery on the New York Mercantile Exchange fell 5.4 cents, or 3.1%, to $1.69 per million British thermal …
U.S. Natgas Prices Head for Weekly Fall on Mild Weather Outlook Read More »
At least two exporters have pushed back investment decisions Asian buyers are becoming reluctant to sign on to US plants The Biden administration’s pause on new licenses for liquefied natural gas exporters is already stalling progress for projects that were aiming to come online later this decade. Several LNG buyers have delayed signing new long-term …
Biden’s LNG Freeze Delaying Projects and Risking U.S. Market Share Read More »
The Texas power grid is poised to lose a big natural gas-fired power plant, potentially straining a system that’s already grappling with an exodus of fossil fuel generation. CPS Energy plans to “indefinitely suspend operations” of three units of the V.H. Braunig facility totaling 859-megawatts by March 31, 2025, according to a notice posted by the Electric …
Strained Texas Power Grid Is Poised to Lose a Big Gas Plant Read More »
Companies use AI to run drill rigs and predict broken pumps Technology could slash costs and squeeze more oil from wells From a dark Houston control room, Rafael Guedes watched on a monitor as a robot took charge of a drilling rig in a North Dakota oil field, locking out the human operator. Glowing red …
AI Promises Faster Oil Drilling and Even More U.S. Crude Supply Read More »
(Reuters) – Oil prices edged lower on Friday but were on track to gain over 3% for the week, boosted by the International Energy Agency raising its 2024 oil demand forecasts and an unexpected decline in U.S. stockpiles. Brent crude oil futures were down 45 cents or 0.6% to $84.83 a barrel at 1155 GMT, …
Oil Prices Edge Lower but Set to End Week Over 3% Higher Read More »
US seeks oil for emergency reserve as maintenance winds down (Reuters) – The U.S. is seeking to buy 3 million barrels of oil for the Strategic Petroleum Reserve (SPR), as one storage site winds down maintenance that had tempered the pace of replenishing the stockpile, the U.S. Energy Department said on Thursday. The oil, if …
U.S. Seeks Oil for Emergency Reserve as Maintenance Winds Down Read More »
