Natural Gas

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Venture Global Louisiana Plaquemines LNG Export Plant Takes in First Natural Gas

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

U.S. liquefied natural gas company Venture Global LNG’s Plaquemines export plant under construction in Louisiana started to take in natural gas from pipelines on Wednesday, according to data from financial firm LSEG on Thursday.The United States is already the biggest LNG exporter in the world. Plaquemines is expected to be the next U.S. LNG export …

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Regional Oil Output Little Changed in Q2, Says Dallas Fed

Latest, Natural Gas, Oil, US News / By

Oil and gas activity in Texas, Louisiana and New Mexico rose modestly in the second quarter of 2024, the Federal Reserve Bank of Dallas said on Wednesday in its quarterly survey of energy firms. Second quarter oil and gas production was little changed, according to executives polled. The survey covered 90 exploration and production firms …

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U.S. Energy Production Exceeds Consumption by Widest-Recorded Margin

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

U.S. energy production overshadowed consumption by 9 quadrillion British thermal units (quads) in 2023, according to an analysis released by the U.S. Energy Information Administration (EIA) on Wednesday that showed the widest margin in records dating back to 1949. Energy production rose 4% to hit a record of nearly 103 quads in 2023, the analysis …

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Is Natural Gas a Fossil Fuel Trap or a Bridge to Clean Energy?

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

Never before has natural gas played a bigger role in fulfilling the world’s energy needs. While consumption of oil and coal are poised to peak, demand for gas is rapidly growing, setting it up to be the last fossil fuel standing as nations adopt cleaner sources in an effort to avert the worst consequences of climate change. …

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Guyana Selects Former Exxon Exec’s Firm to Engage with Exxon in Gas Project

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(Reuters) – A newly formed company headed by a former Exxon Mobil  executive was selected to support the Guyana government and Exxon to create a new independent natural gas development in the country, Guyana’s Ministry of Natural Resources said. Fulcrum LNG offered “the most comprehensive and technically sound proposal” among 17 bidders, the government said in …

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Major Canadian LNG News: Cedar LNG Announces Positive Final Investment Decision

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

World’s First Indigenous Majority-Owned, Hydro-Powered, Floating LNG Facility Becomes a Reality KITAMAAT VILLAGE, British Columbia–(BUSINESS WIRE)–The Haisla Nation and Pembina Pipeline Corporation (“Pembina”) (TSX: PPL; NYSE: PBA), partners in Cedar LNG Partners LP (“Cedar LNG”), today announced a positive Final Investment Decision (“FID”) on the Cedar LNG Project, a floating liquefied natural gas (“LNG”) (“FLNG”) facility with a …

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The Carbon Cleanup Industry Is Growing in Louisiana

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

Startup Heirloom announced it will be building facilities to suck carbon from the air in the northwest corner of the state, thanks to a skilled workforce and ideal geology. The Biden administration’s hub to clean carbon from the air in northwest Louisiana is getting company. On Monday, Heirloom Carbon announced that it’s constructing a facility with machines …

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Barclays CEO Says Banks Can’t Go ‘Cold Turkey’ on Oil Clients

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

The chief executive of Barclays Plc characterized as unrealistic growing calls for the finance industry to abandon fossil-fuel clients. Banks “cannot go cold turkey” on the oil and gas industry, Barclays CEO CS Venkatakrishnan told Bloomberg’s Anna Edwards at the Bloomberg Sustainable Finance Forum in London on Tuesday. While Barclays’ is “very much moving from away from” coal and oil, the …

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Major Chinese Asset Managers Have No Plans to Phase Out Fossil Fuel Investments

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

(Reuters) – Major Chinese asset managers have billions of dollars invested in fossil fuels with no plans for a phase out, a new Greenpeace report said. The environmental organisation’s analysis of 16 major Chinese asset managers released on Thursday said that they have invested a combined 267.2 billion yuan ($36.79 billion) in high-carbon sectors and …

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U.S. Offers $850 Million in Grants to Clean up Oil Sector Methane Emissions

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

(Reuters) – The U.S. government opened up on Friday competitive bidding that will close on Aug. 26 for $850 million in grants to help small oil and gas producers monitor and reduce methane from their operations, a major part of the Biden administration’s plan to crack down on leaks of the potent greenhouse gas. WHY …

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