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Cuba Power Grid: How it Collapsed and What Comes Next

CDN and International News, Electricity Grid, Energy Topics & Technology, Latest / By

(Reuters) – Cuba’s national grid collapsed on last Friday, leaving the entire population of 10 million people without electricity and underscoring the precarious state of the Communist-run country’s infrastructure and economy. Restoration of service is under way but long-term challenges will remain. WHY DID THE GRID COLLAPSE? Cuba’s electrical grid and oil-fired power plants are …

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Repsol Freezes Green Hydrogen Projects in Spain

CDN and International News, Energy Topics & Technology, Hydrogen, Latest / By

MADRID, Oct 21 (Reuters) – Spanish oil major Repsol has put on hold planned green hydrogen projects in Spain with an electrolysis capacity of 350 megawatts (MW) due to an unfavourable regulatory environment, a spokesperson told Reuters on Monday. The company had already warned that regulatory uncertainty, including the possibility that a windfall tax on energy companies and …

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Citgo Auction Creditors Assail Elliott Bid, Seek Rival Offers

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

Summary Court gets an earful from firms opposing proposed bid Heated opposition to negotiating exclusivity, breakup fee offer Final recommendation on sale could be stalled until January HOUSTON, Oct 21 (Reuters) – Key terms of a proposed court agreement with a U.S. hedge fund seeking to gain control of oil refiner Citgo Petroleum from Venezuela …

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ENERGY NORTH – Six Months On, What Has Canada’s Trans Mountain Pipeline Project Achieved and What’s Next?

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

CALGARY — Nearly six months after its opening, the Trans Mountain pipeline expansion is boosting Canada’s energy sector as promised — but questions still linger about who will pay for the project’s massive cost overruns. By a variety of measures, the expensive and contentious pipeline project is bearing fruit as more Canadian oil reaches the …

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Hilcorp Fined $9.4 Million for New Mexico Methane Emissions

Energy Topics & Technology, Latest, Methane, US News / By

Settlement is a legal-first for fracking under certain rules Private oil producer is run by billionaire Jeff Hildebrand Hilcorp Energy Co., the privately held oil producer run by billionaire Jeff Hildebrand, will pay a $9.4 million civil penalty for failing to reduce emissions of methane and volatile gases in New Mexico. It’s the first settlement to …

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US Grants Nearly $2 billion to Harden Power Grid Against Extreme Weather

Electricity Grid, Energy Topics & Technology, Latest, US News / By

(Reuters) – The U.S. on Friday announced nearly $2 billion in grants to protect its aging power grid against the growing threat of extreme weather fueled by climate change. BY THE NUMBERS This round of funding for the Grid Resilience and Innovation Partnerships program is for 32 projects across 42 U.S. states. About 950 miles …

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U.S. Drillers Cut Oil and Gas Rigs for Fourth Time in Five Weeks – Baker Hughes

Conventional Energy, Drilling Rigs, Energy Topics & Technology, Latest, Natural Gas, Oil, Tri-Pinned, US News / By

U.S. energy firms this week cut the number of oil and natural gas rigs operating for the fourth time in five weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell by one to 585 in the week …

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Texas Natural-Gas Pipeline Eases Bottlenecks, Paves Way for Higher Shale Output

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

A new pipeline carrying shale natural gas from west Texas toward export hubs on the U.S. Gulf Coast has eased constraints that crashed local prices this year, and will help pave the way for higher U.S. oil production, energy executives said. Pipeline companies largely quit adding new capacity following the pandemic, when shale production dried …

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SLB Warns Cautious Oil Explorers Have Slowed Growth in Spending

Conventional Energy, Energy Topics & Technology, EnergyNow News and Press Releases, Exploration & Production, Latest, OFS-Oilfield Services, Oil, US News / By

Company expects to beat goal of $3 billion in investor returns Schlumberger is often a bellwether for oil and gas industry SLB headquarters in Houston.Photographer: Mark Felix/Bloomberg SLB, the world’s biggest oilfield services provider, warned that spending growth by oil explorers has waned in the past few months as customers take a cautious approach amid …

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SLB Beats Quarterly Profit Estimates on Steady International Business

Energy Topics & Technology, Latest, OFS-Oilfield Services, US News / By

Oct 18 (Reuters) – Oilfield services firm SLB’s (SLB.N) third-quarter profit rose 13% and beat analysts’ estimates on Friday on steady demand for its equipment and technology in international market and from offshore projects in North America. However, the company warned of limited spending by international producers in a weak oil price environment. SLB, which gets 81% …

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