Natural Gas

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Diamondback Eyes Natural Gas to Generate Power in Oil Patch

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

Permian Basin explorer aims to meet electrification demands Company also looking at using small nuclear reactors for power Diamondback Energy Inc., one of the Permian Basin’s biggest oil companies, is considering using some of the natural gas it produces to generate electricity to run drilling and fracking operations. Permian producers have increasingly shifted operations from …

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Chevron CEO Attacks Biden LNG Export Pause on Costs, Carbon

Coal, Conventional Energy, Latest, LNG, Natural Gas, Oil, US News / By

Energy Department enacted gas terminal moratorium in January Shale boom transformed US into world’s biggest LNG exporter The oil and gas industry is zeroing in on the Biden administration’s moratorium on new liquefied natural gas export permits as the key policy they want changed under the next US president. Chevron Corp. Chief Executive Officer Mike Wirth called on …

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Harris Understands Fracking Ban Raises Energy Costs, Industry Execs Say

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

Fracking site near Midland, Texas, U.S. August 22, 2019. Picture taken August 22, 2019. REUTERS/Jessica Lutz/File Photo (Reuters) – U.S. Vice President Kamala Harris understands natural gas prices will rise if fracking is banned, industry executives said on Tuesday, explaining their confidence that the Democratic candidate will not ban the production method if she becomes …

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Chevron CEO Hits Biden’s Natural Gas Policies, Says Fuel is Crucial for AI

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

Chevron CEO Michael Wirth on Tuesday criticized U.S. President Joe Biden’s administration for what he described as “attacks on the natural gas” industry and emphasized the crucial role of Permian natural gas in powering the rapid growth of artificial intelligence (AI). The CEO’s remarks followed new government plans over policies to prevent power-hungry AI data …

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Gas Power Roars Back to Drive Data-Center Boom

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

Utilities in the US are building a slew of plants, putting the government’s clean-energy goals further from reach. The Calpine Los Medanos Energy Center gas-fired power plant in Pittsburg, California. Photographer: Bloomberg Natural gas is back in favor in the US. In the first six months of this year, power producers announced plans to build more gas-fired capacity than they …

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OPEC+ Faces a New Problem: A Texas Gas Pipeline

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

The new path to market for Permian Basin shale gas could could foil oil producers’ plan to curb output. By Javier Blas Now is the moment when common sense says the US shale industry should be slowing. With oil prices plunging 25% over the last year, you’d expect companies would surely react by cutting drilling. …

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AI Boom Is Driving a Surprise Resurgence of U.S. Gas-Fired Power

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

Energy companies in the US are planning new natural gas-fired power generation at the fastest pace in years, one of the clearest signals yet that fossil fuels are likely to have a longer runway than previously thought. From Florida to Oregon, utilities are racing to meet a surge in demand from power-hungry AI data centers, …

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Natgas Producer BKV Aims to Raise up to $315 Mln in U.S. IPO

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Natgas producer BKV aims to raise up to $315 mln in US IPO By Reuters (Reuters) – Natural gas producer BKV Corporation said on Monday it plans to raise up to $315 million in its initial public offering in the United States. The Denver, Colorado-based company is offering 15 million shares priced between $19 and $21 …

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U.S. Natgas Prices Climb 2% to 8-Week High as Producers Cut Output for Hurricane Francine

Conventional Energy, Latest, Natural Gas / By

U.S. natural gas futures climbed about 2% to an eight-week high on Wednesday as oil and gas producers continued to cut output before Hurricane Francine slams into the Louisiana coast later Wednesday. Front-month gas futures for October delivery on the New York Mercantile Exchange rose 4.9 cents, or 2.2%, to $2.281 per million British thermal …

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Trillions of Dollars of Fossil Fuel Finance Routed via Tax Havens, Study Says

CDN and International News, Coal, Conventional Energy, Latest, LNG, Natural Gas, Oil / By

(Reuters) – Trillions of dollars of bank finance to fossil fuel companies is being routed via opaque financial centres in several countries, including the Netherlands, research published on Wednesday showed. The study by Tax Justice Network, which campaigns against tax havens, highlights a lack of transparency in funding for energy companies. The study examined 60 …

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