Line fill on the Trans Mountain oil pipeline expansion will start in the first quarter of 2024 and take about six to seven weeks to complete, the Canadian government-owned corporation building the project said on Friday. Line fill will require about 4.5 million barrels of oil, Trans Mountain Corp said, adding that the expansion project …
Trans Mountain to Start Line Fill on Canada Oil Pipeline Next Quarter Read More »
(Reuters) – Three U.S. states in New England – Massachusetts, Rhode Island and Connecticut – on Wednesday agreed to jointly procure offshore wind power as soaring interest rates and rising equipment and labor costs have made some projects uneconomic. By joining forces, the states hope to counter the pain rippling across the nascent U.S. offshore …
New England states join to buy offshore wind power as U.S. industry struggles Read More »
U.S. natural gas futures climbed about 2% to a fresh eight-month high on Friday on lower output, rising exports and expectations that seasonally cooler weather will boost heating demand in coming weeks. Also supporting prices, workers at U.S. energy firm Chevron’s two liquefied natural gas (LNG) export plants in Western Australia voted to restart strikes. Australia …
U.S. natgas prices up 2% to 8-month high on lower output, cooler forecasts Read More »
By Cody Good Courtesy of ENERGYminute See more articles and infographics from ENERGYminute HERE Small Modular Reactors (SMRs) have a history dating back several decades, and their development has been driven by various factors, including the need for safer and more flexible nuclear energy options. Here’s a brief history of SMRs: Early Concepts (1950s-1970s): The concept of …
INFOGRAPHIC: Visualizing Small Modular Reactors – ENERGYminute Read More »
Texas utility CPS Energy is rebuffing the state grid operator’s plea to restart a decommissioned coal-fired plant to reduce the threat of another winter power crisis. The Electric Reliability Council of Texas issued a notice Oct. 2 requesting as much as 3,000 megawatts of additional capacity — enough to power 600,000 homes during periods of peak demand — for …
Texas Utility Rejects Plea to Restart Coal Plant Ahead of Winter Read More »
After a decade of being trounced by Tesla Inc., this was supposed to be the year that traditional automakers finally put up a fight for electric cars. General Motors was committing its biggest brands to a new line of electric models; Ford and Volkswagen were ramping up production of EVs designed for the masses. It was, many predicted, time for …
Tesla’s Year of Price Cuts Exposes Crisis for Legacy Auto Read More »
(Reuters) – Exxon Mobil is in advanced talks to acquire Pioneer Natural Resources in a deal that could value the Permian shale basin producer in the region of $60 billion, people familiar with the matter said on Thursday. The acquisition would expand Exxon’s footprint in one of the most lucrative areas of the U.S. oil …
Exxon Mobil in Advanced Talks for $60 Bln Acquisition of Pioneer Natural Resources Read More »
Global crude oil prices could drop to about $60 per barrel by 2027 as demand growth slows, say oil analysts at Rystad Energy, chopping a third off next year’s peak price as demand tumbles. Their outlook is a reassuring message amid recent Wall Street analysts predicting up to $150 per barrel in the next two …
Rystad Analysts Say Oil Demand Peaking, Predict $60 a Barrel by 2027 Read More »
Analysis by Energy Workforce President Tim Tarpley On Friday of last week, after more than a year of delays and bureaucratic slowdowns, the Biden Administration finally released its five-year offshore leasing plan. It was immediately clear that the Administration was going to continue limiting access to American resources. The Administration will hold three offshore oil lease …
U.S. manufacturers reported business activity declined for the 11th month running in September, but the cycle appeared to be close to its trough and poised to return to growth in the next few months. Renewed manufacturing growth will boost industrial energy consumption, especially for diesel, but with inventories still low, prices are set to escalate …
U.S. Manufacturing Rebound Will Stretch Diesel Supplies: John Kemp Read More »
