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Why Europe Can’t Give Up Russian Gas Despite Sanctions Over Ukraine

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

Three years ago, Russia was the world’s biggest exporter of natural gas and Europe was its top customer. For the continent’s leaders, access to all that cheap Russian energy outweighed any misgivings over doing business with President Vladimir Putin. Then Russia launched its full-scale invasion of Ukraine, and this overwhelming reliance on a single supplier suddenly …

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Powering AI Leapfrogs Climate Concerns

Conventional Energy, Latest, Natural Gas, Nuclear, US News / By

It’s become clear there’s not enough low-carbon energy to satisfy data centers’ needs, and natural gas will be key.   It’s Climate Week in New York, and dominating the conversation has been the apparently insatiable appetite of artificial intelligence for power. The subject has been much in the news. Just last week, we learned that the infamous Three Mile …

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About 29% of Crude Production Shut in Gulf of Mexico Due to Hurricane Helene

Conventional Energy, Latest, Natural Gas, Oil, Pinned Primary, US News / By

 About 29% of crude production and 17% of natural gas output in the U.S. Gulf of Mexico were shut in response to Hurricane Helene, the U.S. Bureau of Safety and Environmental Enforcement said on Wednesday. Energy producers had shut-in 511,000 barrels per day of oil production and nearly 313 million cubic feet of natural gas …

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EQT Plans To Reverse Some US Natgas Production Curtailments in Oct – CEO

Conventional Energy, Latest, Natural Gas, US News / By

(Reuters) – U.S. energy company EQT plans to reverse some natural gas production curtailments in October and November as demand for the fuel and prices increase, CEO Toby Rice told Reuters on Wednesday. EQT, the biggest U.S. natural gas producer, has along with other U.S. drillers curtailed output in 2024 after prices collapsed to multi-year …

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Canada’s Federal Greenwash Law Bill C-59: You’re Guilty Until Proven Innocent

CDN and International News, Energy Commentary, Energy Topics & Technology, Latest, Natural Gas, Oil, Tri-Pinned / By

“Under this new law, you’re guilty unless you prove your innocence to some back-room bureaucratic body. That’s simply not a Canadian concept.” Photo by THE CANADIAN PRESS/Sean Kilpatrick In its latest display of environmental correctness, the federal government passed a new anti-greenwashing law that requires individuals or organizations making claims or promises about the climate …

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US Natgas End-of-Season Storage to Reach Four-Year High in October

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

(Reuters) – U.S. natural gas storage is on track to end the April-October summer injection season at a four-year high of 3.899 trillion cubic feet (tcf) on Oct. 31, according to analysts’ estimates. That compares with 3.809 tcf at the end of the summer injection season in 2023, 3.929 tcf in 2020 and a five-year …

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U.S. Drillers Cut Oil and Gas Rigs for Fifth Week in Six, Baker Hughes Says

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

U.S. energy firms this week resumed cutting the number of oil and natural gas rigs after adding rigs last week, with the count falling for a fifth week in six, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, …

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Global Refiners Face Profit Slump as New Plants Come Online

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Natural Gas, Oil, Refineries / By

(Reuters) – Oil refiners in Asia, Europe and the United States are facing a drop in profitability to multi-year lows, marking a downturn for an industry that had enjoyed surging returns post-pandemic and underlining the extent of the current slowdown in global demand. The weakness is a further sign of soft consumer and industrial demand, …

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Oil Industry Yet to Prove Carbon Capture Viable: Kerry

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

Kerry urges industry to back CCUS talk with workable projects Former climate diplomat helped broker fossil COP28 deal John KerryPhotographer: Benjamin Girette/Bloomberg John Kerry, the Biden administration’s former top climate diplomat, said the oil and gas industry must prove carbon capture can play a meaningful role lowering emissions or face a quicker-than-expected transition away from …

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Rystad Estimates 400 Additional LNG Vessels Needed to Meet Current U.S. Export Expansion

Conventional Energy, Latest, Natural Gas, US News / By

By Curtis Williams Sept 18 – The current major U.S. expansion in liquefied natural gas exporting terminals and infrastructure will require an additional 400 vessels that can carry the supercooled gas to foreign buyers, Emily McClain, vice president of North America gas markets at research company Rystad Energy, told the Gastech conference on Wednesday. The …

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