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US, EU Lawmakers Seek International Methane Standard for Oil and Gas

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

A group of European Union and U.S. Democrat lawmakers has asked the International Energy Agency to develop international standards for measuring the oil and gas sector’s emissions of methane, to help countries adopt tougher measures targeting the potent greenhouse gas, a letter showed on Tuesday. The EU will impose methane emissions limits on Europe’s oil …

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Exxon-Hess Arbitration Panel Nears Formation, Sources Say

Energy Topics & Technology, Latest, Mergers and Acquisitions, US News / By

The final member has been chosen for a three-person arbitration panel meant to settle Exxon Mobil’s claim against Chevron’s $53 billion purchase of Hess Corp, two people familiar with the matter told Reuters. The panel’s formation would be a milestone in a long-delayed process that has cast uncertainty over the mega-merger, which both Chevron and Hess …

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U.S. Peak Power Pollution Season Gets Underway

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

By Gavin Maguire (Reuters) – The month of July kicks off the annual peak period for power emissions in the United States, as higher nationwide temperatures ratchet up use of energy-intensive air conditioners and spur power firms to crank up output from fossil fuels. The July-to-September quarter has marked the quarterly high point for fossil …

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Oil Prices Steady After Large U.S. Crude Inventory Draw

Conventional Energy, Energy Storage, Energy Topics & Technology, Latest, Oil, Tri-Pinned, US News / By

(Reuters) – Oil prices steadied on Wednesday after trading higher as industry data showed a bigger-than-expected draw in U.S. crude stockpiles, with gains capped by economic headwinds from China and the euro zone. Brent crude futures inched up 7 cents, or 0.08%, to $86.31 per barrel at 0925 GMT. U.S. West Texas Intermediate crude futures …

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COMMENTARY: Answers to Questions About “Depletion,” Nuclear, Industry Communication Failure, and More – Alex Epstein

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

By Alex Epstein I often travel to give speeches about my work to energy companies, university students, non-profit organizations, and a variety of other audiences. Since these speeches often include a Q&A, I thought it would be fun to compile some of the most interesting questions I’ve been asked recently—along with my answers. What follows …

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Oil Bulls Advance Cautiously as Stocks Expected to Fall: Kemp

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

Investors purchased petroleum for the third week running as bearishness triggered by the OPEC+ meeting at the start of June waned and fund managers anticipated a big depletion of inventories in the third quarter. Hedge funds and other money managers purchased the equivalent of 86 million barrels in the six major petroleum futures and options …

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Climate Activists Arrested After Protest at Citi’s New York Headquarters

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

Dozens of climate activists were arrested after protesting at Citigroup’sheadquarters in New York on Friday as part of what they called a “Summer of Heat” campaign. Climate groups have been targeting Wall Street banks in a campaign against their financing of fossil fuel projects. Police arrested 61 protesters on Friday, with charges pending, while two …

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Canada’s Trans Mountain Oil Pipeline Just Shy of Target for First-Month Loadings

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

(Reuters) – About 20 ships loaded crude oil on Canada’s West Coast in the first full month of operation on the newly expanded Trans Mountain pipeline, according to vessel-tracking data on Sunday, slightly below the operator’s forecast. Loadings from the pipeline expansion are closely watched because the Canadian government wants to sell the $24.84 billion …

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U.S. Court May Put Off Hearing on Citgo Bids to September

Conventional Energy, Energy Topics & Technology, Latest, Mergers and Acquisitions, Oil, US News / By

Summary Auction manager seeks more time to review, negotiate bids Motion does not say how many or amount of bids received Court auction aims to satisfy $21 billion in claims HOUSTON, June 28 (Reuters) – A U.S. court has been asked to postpone to Sept. 19 a hearing to present the winning bid in an …

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U.S. Oil Output, Demand Rose in April to Four-Month High, EIA Says

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

 U.S. oil production and demand rose to a four-month high in April, according to the Energy Information Administration’s (EIA) Petroleum Supply Monthly report published on Friday. Total U.S. field production of crude oil rose by 72,000 barrels per day (bpd) month-over-month to 13.25 million bpd, the highest since December. Product supplied of crude oil and …

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