Federal Government Backs Off on Proposed Fines for Non-US LNG Ships
The U.S. trade office had proposed a schedule of rising rates if U.S. companies did not use tankers that don’t currently exist—but backed off after industry backlash.
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Fervo Energy Sets Geothermal Drilling Records with Appraisal Well in Utah
The ability to drill deeper and hotter expands the commercial viability window for enhanced geothermal systems, according to Fervo.
Texas Hits Record NatGas Production, Crude Holds Steady
The Texas Oil & Gas Association estimated that crude oil production in Texas held steady at 5.7 MMbbl/d, while NGL production also remained level at 4 MMbbl/d.
USTR Eases Proposed Penalties, Fees For Non-US LNG Tankers, Vehicle Carriers
By Lisa Baertlein Summary Fees are part of U.S. effort to counter China dominance on the high seas LNG export license suspension penalty removed Vehicle carrier fee changed to $14 per ton from $150 per car capacity Vehicle carriers in U.S. Maritime Security Program exempt (Reuters) – The U.S. Trade Representative softened fee proposals for non-U.S.-built …
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Unlocking the Value of Vibration Monitoring in the Energy Sector
In the energy sector, equipment reliability is not just a maintenance goal—it’s a business imperative. As pressure mounts to optimize production while reducing downtime and risk, operators are increasingly turning to advanced monitoring technologies to stay ahead of mechanical issues. One of the most impactful of these is vibration monitoring, particularly when applied to turbomachinery …
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BlackRock, Vanguard Fight High-Stakes Texas Collusion Case
By Josh Sisco, Silla Brush, and Madlin Mekelburg Coal on barges in Pittsburgh. Photographer: Justin Merriman/Bloomberg The world’s largest asset managers urged a federal judge in Texas to dismiss a lawsuit brought by Republican state attorneys general claiming they colluded to reduce coal output, in a case that threatens how US firms oversee trillions of …
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New Texas Wastewater Rules Could Boost Costs for Oil Producers
Summary New wastewater permitting rules to raise costs for Texas producers Water disposal costs to rise 20-30% in Delaware formation – B3 Insights Costly new infrastructure, permit delays to hit small operators most (Reuters) – New guidelines on permitting for wastewater disposal wells in Texas are threatening to drive oil producers’ costs higher as companies …
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EPA Proposes Giving Texas Authority to Oversee CO2 Injection Permits
The U.S. Environmental Protection Agency on Monday proposed approving Texas’ application to oversee its own permitting for projects to inject carbon dioxide underground, a move long sought by that state’s regulators and oil and gas companies with projects in the wings. EPA Administrator Lee Zeldin said Texas is best positioned to protect its drinking water …
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NJ Wind Project That Trump Dubbed a Disaster Is Canceled
By Josh Saul The developer of a New Jersey offshore wind farm designed to power more than 700,000 homes has pulled the plug on the project, the latest setback for a sector whose prospects have worsened under the Trump administration. “This filing marks the closing of a chapter,” Atlantic Shores Offshore Wind Chief Executive Officer …
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Oil Rises on Optimism About US-China Talks Easing Trade Tensions
Summary Brent, WTI extend gains from previous day U.S. and China head into second day of talks in London Saudi Arabia’s crude exports to China set to inch down (Reuters) – Oil prices climbed on Tuesday as investors awaited the outcome of U.S.-China trade talks and as Saudi Arabia’s crude supply to China is set …
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