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March 26 (Reuters) – Enbridge will form a venture with WhiteWater/I Squared Capital and MPLX to operate natural gas pipeline and storage assets connecting Permian Basin supplies to the growing LNG and U.S. Gulf Coast demand, the Canadian pipeline operator said on Tuesday.
The U.S. Bureau of Land Management did not adequately analyze the potential climate change and wildlife impacts of a major oil and gas lease sale covering roughly 120,000 acres of federal land in Wyoming, a U.S. judge has said. U.S. District Judge Christopher Cooper in Washington, D.C., ruled on Friday that conservation groups had shown …
Environmental Ruling Threatens Wyoming Oil and Gas Drilling Leases Read More »
U.S. oil refiners are expected to have about 809,000 barrels per day (bpd) of capacity offline for the week ending March 29, marking an increase in available refining capacity of 8,000 bpd, research company IIR Energy said on Monday. Offline capacity is expected to rise to 882,000 bpd in the week ending April 5, IIR …
US Oil Refiners’ Weekly Capacity Seen Up 8,000 bpd, IIR Says Read More »
(Reuters) – JERA, Japan’s top power generator, said on Monday it has agreed with Exxon Mobil to jointly explore the development of a low-carbon hydrogen and ammonia production project in the United States. Exxon is developing what is expected to be the world’s largest low-carbon hydrogen production plant at its Baytown Complex east of Houston …
JERA, Exxon to Explore Development of Hydrogen and Ammonia Production Project in U.S. Read More »
(Reuters) – The U.S. Energy Department on Monday announced $6 billion in federal funding to subsidize 33 industrial projects in 20 states to cut carbon emissions, saying the investment would support well-paying union jobs and boost U.S. competitiveness. Energy Secretary Jennifer Granholm will unveil the awards during a visit to a Cleveland-Cliffs Steel Corp facility in …
U.S. Awards Record $6 Bln to Back Industrial Emissions Reduction Projects Read More »
CEO says company will have to cut costs to make EVs affordable for the middle class The Associated Press DETROIT — Jeep maker Stellantis NV is laying off about 400 white-collar workers in the United States as it deals with the transition from combustion engines to electric vehicles. EV price gap needs closing to spur demand The company …
Stellantis Lays Off About 400 Workers to Cut Costs in EV Transition Read More »
Production at TotalEnergies’ 238,000-barrel-per-day (bpd) Port Arthur, Texas refinery was reduced and the small crude distillation unit (CDU) shut following a fire on Friday morning, said people familiar with plant operations. The fire broke out at about 4:30 a.m. CDT (0930 GMT) in the naphtha and aromatics processing section of the refinery, the sources said. …
TotalEnergies Texas Refinery Production Cut After Fire Read More »
U.S. energy firms this week cut the number of natural gas rigs operating to the lowest level since January 2022, energy services firm Baker Hughes said in its closely followed report on Friday. The combined oil and gas rig count, an early indicator of future output, fell by five to 624 in the week to …
U.S. Gas Rig Count Falls to Lowest Since January 2022 – Baker Hughes Read More »
Exxon Mobil is ahead of schedule with its plan to double the size of its liquefied natural gas (LNG) portfolio to 40 million tons per annum (mtpa) by 2030 and will focus on selling its own gas rather than trading that of third parties, the company’s LNG chief said on Thursday. Exxon is revamping its …
Exxon Ahead of Schedule on Doubling LNG Portfolio, Exec Says Read More »
(Reuters) – Pipeline operator Summit Midstream Partners said on Friday it would sell its Utica assets to a unit of midstream energy company MPLX LP for about $625 million in cash. The Marcellus and Utica shale, spread across Pennsylvania, West Virginia and Ohio, are among the regions where U.S. drillers have been cutting the number of gas …
Summit Midstream Partners to Sell Utica Assets to MPLX for $625 Mln Read More »
