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US Senate Parliamentarian Says Oil, Gas Projects Can’t Skirt Environmental Review

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

(Reuters) – The massive U.S. tax and budget bill being finalized by Congress cannot pass a provision that automatically enables offshore oil and gas projects to skip over the federal environmental review process unless it gets at least 60 Senate votes, the body’s parliamentarian said on Monday. This is among the latest provisions that have …

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COMMENTARY: US Power Sector Battery Storage Momentum Keeps Charging On – Maguire

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

By Gavin Maguire A drone view shows California’s largest battery storage facility, as it nears completion on a 43-acre site in Menifee, California, U.S., March 28, 2024. REUTERS/Mike Blake DENVER, June 24 (Reuters) – Rapid growth in the installation of batteries is upending power systems across the United States, with battery-deployed electricity volumes scaling new …

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COMMENTARY: What Influences Crude Oil More? US Bombs or Iran’s Silent Allies – Russell

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

By Clyde Russell LAUNCESTON, Australia, June 24 (Reuters) – Crude oil’s sharp reversal of the Israel-Iran war premium shows the power of a few words from a key player to move the market, but in doing so it also masks the greater influence of those who stay largely silent. Global benchmark Brent futures plunged after …

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Canadian Oil Sands Production Expected to Reach All-time Highs this Year Despite Lower Oil Prices

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Oil, Oilsands, Press Releases / By

S&P Global Commodity Insights Raises 10-year Oil Sands Production Outlook for 4th consecutive year CALGARY, AB, June 24, 2025 /PRNewswire/ — S&P Global Commodity Insights has raised its 10-year production outlook for the Canadian oil sands. The latest forecast expects oil sands production to reach a record annual average production of 3.5 million b/d in 2025 (5% …

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Deloitte: AI Data Center Power Demand Could Surge 30x by 2035, Amid Power and Grid Capacity Constraints

Artificial Inteligence, Electricity Grid, Energy Topics & Technology, Latest / By

As developing new data centers to power artificial intelligence (AI) becomes critically important, opportunity arises for industries to collaborate to support evolving infrastructure demands NEW YORK, June 24, 2025 /PRNewswire/ — As developing new data centers to power artificial intelligence (AI) becomes critically important, opportunity arises for industries to collaborate to support evolving infrastructure demands …

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Alberta Premier Expects New Oil Pipeline Proposal Within Weeks

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

Alberta Premier Danielle Smith expects a private-sector firm to propose a new oil pipeline to the British Columbia coast within weeks. The pipeline would reduce producers’ reliance on the US market and allow them to fetch higher prices for their oil, and Smith hopes it will be one of the first projects on the Canadian …

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US Shale Producers Unlikely to Heed Trump’s Call to “Drill, Baby, Drill” as Rally Fades

Conventional Energy, Energy Commentary, Energy Topics & Technology, Exploration & Production, Latest, Oil, Tri-Pinned, US News / By

US shale oil producers are unlikely to increase production in response to President Donald Trump’s call to “Drill, Baby, Drill” and will instead prioritize hedging contracts to lock in revenue. Companies are wary of being caught off guard by another false start in global crude markets and will not spend heavily on new drilling without …

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Enbridge Eyes New Pipeline to Boost Canadian Oil Flows in US

Conventional Energy, Energy Topics & Technology, Latest, Oil, Oilsands, Pinned Primary, Pipelines / By

Enbridge Inc. and Energy Transfer LP are gauging interest in increased pipeline capacity in Illinois to help rising Canadian oil sands production reach more markets in the Midwest and the US Gulf Coast. The Southern Illinois Connector project would transport up to 200,000 barrels of crude a day by reconfiguring and upgrading existing systems and …

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US Refinery Capacity Grew by Nearly 40,000 Bpd to 18.4 Million Bpd in 2024

Conventional Energy, Energy Topics & Technology, Latest, Oil, Refineries / By

U.S. refinery crude oil processing capacity grew by nearly 40,000 barrels per day in 2024 to 18.4 million bpd, the U.S. Energy Information Administration said on Friday. Motiva Enterprises’ Port Arthur, Texas, plant became the largest single refinery by capacity at 640,500 bpd, passing Marathon Petroleum’s Galveston Bay Refinery in Texas City, Texas, according to …

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JP Morgan Says Strait of Hormuz Closure Could Trigger a Sustained Oil Price Shock

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

(Reuters) – JP Morgan believes that a Strait of Hormuz closure would likely trigger a sustained oil price shock that will reverberate through global macro developments, the bank said in a note. It said that in the most extreme case of a broader regional conflagration that includes the closure of Hormuz, it estimates oil prices …

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