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New U.S. Rules Seek to Curb Leaks From Oil and Gas Drilling on Public Lands

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

The U.S. interior department on Wednesday said it had finalized rules aimed at limiting methane leaks from oil and gas drilling on public lands. The policy complements efforts the Biden administration has made at other agencies to reduce emissions of methane, a potent greenhouse gas that tends to leak from drill sites and pipelines. Nearly …

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Global Freight Acceleration Will Lift Fuel Prices: Kemp

Diesel Fuel, Energy Topics & Technology, Latest, US News / By

Global trade flows have showed signs of accelerating at the start of 2024, as the major industrial economies began to pull out of the slump that started in late 2022, which should boost demand for transport fuels such as diesel. Short-term activity indicators have been distorted by unusual weather patterns across North America and Europe, …

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AccuWeather Forecasts Near-Record Storms this Atlantic Hurricane Season

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

U.S. private forecaster AccuWeather expects an above-average 2024 Atlantic hurricane season with a near-record number of storms and a greater than usual risk of direct impacts in parts of Florida, Texas and the Carolinas, it said on Wednesday. This year’s hurricane season, potentially one of the most active in history, begins on June 1, but …

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Oil and Gas Production Decreased in the First Quarter – Dallas Fed

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

Oil and gas production in Texas, Louisiana and New Mexico decreased in the first quarter of 2024, the Federal Reserve Bank of Dallas said on Wednesday in its quarterly survey of energy activity. The survey of executives at 147 energy firms suggested a small decline in production. A natural gas production index also turned negative …

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Phillips 66 Explores Sale of REX Interstate Pipeline Stake Worth Over $1 Billion, Sources Say

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

U.S. oil refiner Phillips 66 is exploring a sale of its 25% stake in the Rockies Express Pipeline that it hopes could be worth more than $1 billion, including debt, people familiar with the matter said on Tuesday. The Rockies Express Pipeline (REX) is a 1,700-mile interstate natural gas pipeline, stretching from Wyoming and Colorado …

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Banks Shying Away From Fossil Fuels Bolster Private Credit Deals

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

Bloomberg Private credit managers are doing significantly more fossil-fuel deals now than just a few years ago, as they step into a void left by banks exiting assets they worry pose too big a climate risk. The value of private credit deals in the oil and gas industry topped $9 billion in the 24 months through 2023, …

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Enbridge to Enter into JV Connecting Permian Basin Natural Gas Supply to Growing LNG and USGC Demand

Conventional Energy, Energy Topics & Technology, Latest, Natural Gas, Pipelines, Press Releases, US News / By

CALGARY, AB, March 26, 2024 /CNW/ – Enbridge Inc. (“Enbridge”) (TSX: ENB) (NYSE: ENB) announced today that it has entered into a definitive agreement with WhiteWater/I Squared Capital (“WhiteWater/I Squared”) and MPLX LP (“MPLX”) to form a joint-venture that will develop, construct, own, and operate natural gas pipeline and storage assets connecting Permian Basin natural gas supply to growing …

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Iraq, Oil Firms Trade Blame Over Shut Turkey Pipeline

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

Summary Iraq-Turkey pipeline shut since March 2023 Baghdad: around 225,000 bpd being produced without its oversight APIKUR says terms of current contracts must be maintained US encourages restart, State Dept. spokesperson says (Reuters) – Foreign oil firms operating in Iraq’s Kurdistan region are partly to blame for the delay in resuming crude exports after failing …

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With Completion in Sight, What’s Next for Canada’s Trans Mountain Pipeline Project?

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

CALGARY — After more than four years of construction and at least $34 billion in costs, the Trans Mountain pipeline expansion project is nearly complete. Here’s a look at what milestones to expect in the coming weeks as the massive pipeline gets ready to start shipping Canadian oil to the West Coast: Resolution of B.C. …

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