Energy Topics & Technology

Auto Added by WPeMatico

TC Energy Confirms Latest Round of Job Cuts; Unspecified Number of Employees Affected

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

CALGARY — TC Energy Corp. has cut an unspecified number of jobs, primarily in Calgary and Houston, the pipeline company confirmed Wednesday. A company spokesperson said in an emailed statement the layoffs relate to TC Energy’s previously announced plans to integrate its Canada, U.S. and Mexico natural gas pipelines business units. The new job cuts …

TC Energy Confirms Latest Round of Job Cuts; Unspecified Number of Employees Affected Read More »

U.S. Natgas Output Down 7% as Producers Cut Back Amid Price Collapse

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

U.S. natural gas output fell about 7% over the past month as producers scaled back production following a collapse in prices to a 3-1/2-year low. Gas prices are down about 23% so far this year, after plunging 44% in 2023, as record production and weak demand from a mild winter left storage facilities at well …

U.S. Natgas Output Down 7% as Producers Cut Back Amid Price Collapse Read More »

U.S. Seeks 3 Million Barrels of Oil for Emergency Reserve in September

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

The U.S. is seeking to buy about 3 million barrels of oil for the Strategic Petroleum Reserve for delivery in September, the Energy Department said on Wednesday, as it slowly replenishes the emergency stash after selling a record amount in 2022. President Joe Biden in 2022 ordered a sale of about 180 million barrels from …

U.S. Seeks 3 Million Barrels of Oil for Emergency Reserve in September Read More »

U.S. Democrats Urge Antitrust Regulator to Probe Oil, Gas Mergers

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

Nearly 50 Democrats in the U.S. Congress on Wednesday urged the Federal Trade Commission to probe oil and gas company deals and expand current investigations to protect consumers and industry competition. The industry went on a $250 billion buying spree in 2023, taking advantage of companies’ high stock prices to secure lower-cost reserves. Exxon Mobil Chevron Corp, …

U.S. Democrats Urge Antitrust Regulator to Probe Oil, Gas Mergers Read More »

Oil Industry Criticized From Within Over Climate Efforts

Energy Services, Energy Topics & Technology, Latest, Tri-Pinned, US News / By

Bloomberg The boss of the world’s biggest oil-services company says his industry isn’t moving fast enough to do its part in the fight against global warming. SLB Chief Executive Officer Olivier Le Peuch said he and his peers have a responsibility to find ways to reduce greenhouse gas emissions from drilling, fracking and pumping. Yet progress during …

Oil Industry Criticized From Within Over Climate Efforts Read More »

Enbridge to Invest About $500 Million in Pipeline Assets

Energy Topics & Technology, Latest, Pipelines, Tri-Pinned / By

(Reuters) – Pipeline operator Enbridge said on Wednesday it will invest about $500 million in expanding its pipeline and storage assets to improve its U.S. Gulf Coast presence. Enbridge operates North America’s biggest oil pipeline network, the Mainline, which moves Canadian crude from Alberta to U.S. and eastern Canadian refineries. The company said it will …

Enbridge to Invest About $500 Million in Pipeline Assets Read More »

Cenovus Blasts Canadian Government Over Lack of Support for Carbon Capture

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

‘Stick-based approach with some carrots thrown in’ Bloomberg News Robert Tuttle Cenovus Energy Inc. blasted the Canadian government for not providing enough financial support for the oilsands industry’s proposed $16.5-billion carbon capture system. The federal government has proposed tax credits covering about half of the capital costs for the project, and Alberta has offered a 12 per …

Cenovus Blasts Canadian Government Over Lack of Support for Carbon Capture Read More »

U.S. Considers Selling Northeast Gasoline Reserve in 2024 in Draft Bill

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

The United States may sell its 1 million barrel Northeast gasoline reserve in fiscal year 2024, according to the draft text of a funding bill released on Sunday. The reserve, first established in 2014 after Superstorm Sandy left motorists in the northeastern United States without fuel, is located in New York Harbor, New York, Boston, …

U.S. Considers Selling Northeast Gasoline Reserve in 2024 in Draft Bill Read More »

Hydrogen Wildcatters Still Need to Find Their First Gusher

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

By David Fickling David Fickling is a Bloomberg Opinion columnist covering energy and commodities. Previously, he worked for Bloomberg News, the Wall Street Journal and the Financial Times. Think of an iconic image of the petroleum age, and you may well be picturing a fountain of crude spouting hundreds of feet into the air, scattering …

Hydrogen Wildcatters Still Need to Find Their First Gusher Read More »

Qatar’s Gas Push Has a Hidden Motive – Murdering Coal

CDN and International News, Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, LNG / By

The nation is seeking to exploit the energy transition by boosting LNG production. By Javier Blas Javier Blas is a Bloomberg Opinion columnist covering energy and commodities. He is coauthor of “The World for Sale: Money, Power and the Traders Who Barter the Earth’s Resources.” The energy transition will eventually be a zero-sum game — for …

Qatar’s Gas Push Has a Hidden Motive – Murdering Coal Read More »

Subscribe
Subscribe