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Second Trump Presidency Would Axe Biden Climate Agenda, Gut Energy Regulators

Latest, US News / By

(Reuters) – U.S. President Joe Biden has spent years implementing programs to fight climate change by advancing renewable energy and imposing tougher regulations on fossil fuels. Much of that work could go up in smoke if his likely rival Donald Trump beats him at the polls in November, according to Republican policy advisers. Former President Trump, who is on …

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TC Energy reports record 2023 operating and financial results driven by solid execution

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Increases common share dividend for the twenty-fourth consecutive year CALGARY, Alberta, Feb. 16, 2024 (GLOBE NEWSWIRE) — TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) released its fourth quarter results today. François Poirier, TC Energy’s President and Chief Executive Officer commented, “By remaining focused on a clearly defined set of priorities emphasizing …

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Oil Output in North Dakota Fell in Dec., Despite Record Well Count

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

North Dakota’s oil production fell by 6,000 barrels per day in December to 1.27 million bpd, even as the number of producing wells climbed to a record high, monthly data from the state’s Industrial Commission showed on Thursday. Oil producers cut back on hydraulic fracturing activity ahead of expected colder weather and the holidays, reducing …

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Energy Transfer, Williams Trade Barbs as Gas Pipeline Spat Heats Up

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

ET executive calls anticompetitive claims ‘unfounded,’ ‘false’ Williams pushes back Louisiana project to 2025 amid dispute There’s no love lost between Energy Transfer LP and Williams Cos. The two pipeline giants hurled accusations at each other Wednesday and gave details of an ongoing court battle over building natural gas projects in Louisiana. Energy Transfer has been accused of …

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New York Governor Unveils $200 Million Energy Bill Relief Program

Electric Vehicles, Energy Topics & Technology, Latest, US News / By

Reuters Feb 15 (Reuters) – New York Governor Kathy Hochul said on Thursday that the New York State Public Service Commission has adopted a $200 million energy bill credit program to be managed by large electric and gas utilities on behalf of their customers. Under the plan proposed by the Energy Affordability Policy working group, …

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Occidental Says CrownRock Deal Delayed by FTC Requests of ‘Everything’

Conventional Energy, Energy Topics & Technology, Latest, Mergers and Acquisitions, Oil / By

(Reuters) – Occidental Petroleum  on Thursday said a U.S. regulator’s second request for information on the acquisition of shale producer CrownRock has pushed back the deal’s closing date to second half this year. The delay in Federal Trade Commission (FTC) approval of the $12 billion acquisition will make the Houston-based oil company postpone planned sales of …

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U.S. Awards SPR Contracts Worth $229.5 Million to ExxonMobil, BP, Others

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

The Biden administration has awarded Strategic Petroleum Reserve (SPR) contracts for 2.95 million barrels of oil worth about $229.5 million to four companies, the U.S. Energy Department said on Thursday. The U.S.-produced crude oil is being purchased for an average price of $77.81 per barrel, lower than the average of about $95 per barrel that …

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U.S. Natgas Drillers Cut Spending, Reduce Activity Amid Price Crash

Conventional Energy, Drilling Rigs, Energy Topics & Technology, Latest, Natural Gas, Tri-Pinned, US News / By

U.S. natural gas producers are slashing spending and reducing drilling activity following a sharp decline in prices, companies said this week during earnings presentations and analyst calls. For months of relatively low gas prices, many producers kept output mostly steady on expectations that demand would rise in 2024 and 2025 when several liquefied natural gas …

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U.S. House Passes Bill to Reverse Biden’s LNG Pause but Still Faces Battle with Democrat-Controlled Senate

Conventional Energy, Latest, LNG, Pinned Primary, US News / By

A bill to strip the power of President Joe Biden’s administration to freeze approvals of liquefied natural gas exports passed in the Republican-controlled U.S. House of Representatives on Thursday, but faces an uphill battle in the Senate. The House approved the bill sponsored by Representative August Pfluger of gas-producing Texas 224-200 on a mostly party-line …

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New York Pension Fund Further Restricts Investments in Exxon, Other Oil Companies

Conventional Energy, Latest, Oil, US News / By

The New York State Common Retirement Fund would restrict its investments in eight integrated oil and gas companies including Exxon Mobil, after a review of the companies’ readiness to transition to a low-carbon economy, New York Comptroller Thomas DiNapoli, who oversees retirement assets, said. While various universities and public pension funds have restricted oil and …

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