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BP Stock Falls Behind Shell as Investors Shy Away From Green Energy

CDN and International News, Latest, Natural Gas, Oil, Renewable Energy, Solar, Wind / By

BP shares have slumped 12% since the end of March, while Shell has risen 3.4% Bloomberg News London’s old-school oil stocks are no longer moving in tandem, as BP Plc underperforms Shell Plc due to concerns over the former’s green-energy transition and the outlook for earnings and shareholder payouts. August is set to mark the fifth-straight month that BP …

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Shell to Cut 20% of Jobs in Some Oil and Gas divisions

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

The proposed moves are pending engagement with groups that represent employees Bloomberg News Shell Plc is set to cut around 20 per cent of its workforce in some oil and gas exploration and development divisions as chief executive Wael Sawan works to boost efficiency and profitability. It’s the latest round of cuts following similar moves in …

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Texas Narrows Gas Plant Projects Vying for $5.4 Billion in Funding

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

 The Public Utility Commission of Texas selected 17 projects, seeking $5.38 billion in government funding, to advance in a new program aimed at spurring the development of gas-fired power plants, the regulators said on Thursday. The Lone Star State, whose power grid has been plagued with bouts of prolonged blackouts, established the Texas Energy Fund …

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AI’s Race for U.S. Energy Butts Up Against Bitcoin Mining 

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

Summary Tech giants are acquiring energy assets from bitcoin miners Data centers could use up to 9% of US electricity by decade’s end, EPRI says Bitcoin miners face challenges repurposing for AI due to high costs and infrastructure needs Aug 28 – U.S. technology companies are pursuing energy assets held by bitcoin miners as they …

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U.S. Clean Energy Jobs Growth Rate Double That of Overall Jobs, Report Says

Conventional Energy, Latest, Natural Gas, Oil, Renewable Energy, Solar, US News, Wind / By

(Reuters) – Jobs in the U.S. clean energy industry in 2023 grew at more than double the rate of the country’s overall jobs, and unionization in clean energy surpassed for the first time the rate in the wider energy industry, the Energy Department said on Wednesday. Employment in clean energy businesses – including wind, solar, …

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US Natgas Prices Fall 3% to 3-Week Low on Forecasts for Lower Demand

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

(Reuters) – U.S. natural gas futures fell about 3% to a three-week low on Monday on forecasts for lower demand next week than previously expected. Energy analysts also noted the tremendous oversupply of gas still in storage has kept a lid on gas prices all year. There was still about 12% more gas in storage …

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U.S. Natgas Prices Slide to Two-Week Low on Ample Storage, Lower Demand

Conventional Energy, Latest, Natural Gas, Tri-Pinned / By

U.S. natural gas futures slid about 2% to a two-week low on Friday on forecasts for lower demand this week than previously expected. In addition, energy analysts noted the oversupply of gas in storage has kept a lid on gas prices all year. There was still about 12% more gas in storage than normal for …

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Canadian Rail Stoppage Set to Squeeze North American Industries

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

Canada’s freight rail transport could come to a grinding halt after the country’s two biggest railroad operators announced an unprecedented, simultaneous work stoppage following deadlocked talks over labor contracts. Canadian National Railway and Canadian Pacific Kansas City said they had locked out their workers and shut their networks in the country early on Thursday after …

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Pipeline Operator Enterprise Products to Buy Pinon Midstream for $950 Mln

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

Pipeline operator Enterprise Products Partners said on Wednesday it will buy smaller peer Pinon Midstream for $950 million in cash to expand its natural gas infrastructure. The oil and gas pipeline industry has seen increased consolidation since last year as U.S. production grows and as problems with permits for new pipelines have made existing operators …

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COMMENTARY: Vance Attacks Harris on Energy by Cherry-Picking Facts

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

It’s dishonest to focus on affordability and ignore the risks — and costs — associated with emissions-driven climate change By Liam Denning Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column. A few days before …

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