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Nov 13 (Reuters) – U.S. power consumption will rise to record highs in 2024 and 2025, the U.S. Energy Information Administration said in its Short Term Energy Outlook on Wednesday. EIA projected power demand will rise to 4,090 billion kilowatt-hours in 2024 and 4,158 billion kWh in 2025. That compares with 4,012 billion kWh in …
US Power Use to Reach Record Highs in 2024 and 2025, EIA Forecast Says Read More »
COP 29 seeks net-zero, which would radically increase climate danger and ruin billions of lives By Alex Epstein COP 29 seeks net-zero—rapidly eliminating fossil fuels—in the name of protecting us from climate danger. In reality, net-zero would radically increase climate danger and ruin billions of lives. Good people should condemn COP and embrace energy freedom. …
U.S. oil and gas producer Coterra Energy said on Wednesday it would acquire certain assets of Avant Natural Resources and its affiliates and Franklin Mountain Energy in New Mexico for an aggregate consideration of $3.95 billion in cash and stock deals. The transactions are expected to close during the first quarter of 2025. The company …
Coterra Energy to Buy Oil and Gas Assets for $3.95 billion Read More »
Summary Biden administration seeks EU alignment on methane standards for LNG imports EU law to impose methane limits on oil and gas imports from 2030 Trump plans to reverse Biden’s methane regulations BAKU, Azerbaijan, Nov 13 (Reuters) – President Joe Biden’s administration has asked the European Union to ensure liquefied natural gas shipments that meet …
Biden Officials Ask EU to Align Methane Rules with US to Ease LNG Flows Read More »
By Alex Lawler Makes fourth cut in 2024 oil demand growth forecast Cuts view on Chinese demand growth to 450,000 bpd IEA to publish updated forecasts on Thursday LONDON, Nov 12 (Reuters) – OPEC cut its forecast for global oil demand growth this year and next on Tuesday, highlighting weakness in China, India and other …
OPEC Again Cuts 2024, 2025 Oil Demand Growth Forecasts Read More »
Investment is the largest ever in a single stock for Elliott Honeywell urged to consider breaking up like industrial peers Elliott Investment Management has built a $5 billion-plus position in Honeywell International Inc. and is pushing the industrial giant to pursue a break up. The activist investment firm wants Honeywell to separate into two standalone companies, one focused …
Elliott Amasses $5 Billion-Plus Stake in Honeywell Read More »
A flare burns off excess gas from a gas plant in the Permian Basin in Loving County, Texas, U.S., November 21, 2019. REUTERS/Angus Mordant/File Photo Summary Repeal of methane fee likely during Trump presidency Methane fee starts at $900 per metric ton in 2024 Applies to facilities emitting over 25,000 T of CO2 equivalent annually …
U.S. Sets Methane Fee on Oil, Gas Emitters as Biden Term Winds Down Read More »
The annual U.N. climate summit began on Monday with some prominent leaders planning to skip the event ahead of tough talks on finance and trade, after a year of weather disasters that have emboldened developing countries’ demands for cash. Delegates gathering in Azerbaijan’s capital, Baku, hope to resolve the COP29 summit’s top agenda item – …
Trump Worries and Leader Absences Cloud COP29 Climate Summit in Baku Read More »
By Reuters (Reuters) – More than a quarter of U.S. Gulf of Mexico oil and 16% of natural gas output remained offline in the aftermath of storm Rafael, the U.S. offshore energy regulator reported on Sunday. There were 482,790 barrels of oil and 310 million cubic feet of natural gas production shut-in on Sunday, offshore regulator …
More Than a Quarter of U.S. Gulf of Mexico Oil, 16% of Natural Gas Offline Read More »
(Reuters) – U.S. President-elect Donald Trump’s transition team has prepared executive orders and proclamations on withdrawing from the Paris climate agreement and shrinking the size of some national monuments to allow more drilling and mining, the New York Times reported on Friday. Trump is also expected to end the pause on permitting new liquefied natural …
Trump Prepares to Withdraw from Paris Climate Agreement, New York Times Reports Read More »
