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Deep Freeze Triggers U.S. Gulf Coast Refinery Shutdown

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

 TotalEnergies’ 238,000 barrel-per-day (bpd) refinery in Port Arthur, Texas, was examining units after a plantwide power outage on Tuesday morning as a winter storm brought frigid temperatures to the U.S. Gulf Coast, sources familiar with the company’s operations said.Flint Hills Resources said its 343,000-bpd refinery in Corpus Christi, Texas, sustained significant impacts from unseasonably cold …

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Biden Walks Political Tightrope on U.S. Oil Boom

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

Original Article Published in the Hill As U.S. oil production booms, President Biden finds himself on a tightrope between courting moderate voters and maintaining enthusiasm among progressives. Domestic oil production is projected to hit record highs this year. That fact could be used to parry Republican attacks on the administration’s energy agenda as Biden seeks reelection, …

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Market to be Short Oil From 2025 Onwards, Occidental CEO at Davos

Conventional Energy, Latest, Oil, US News / By

The oil market could be heading for a supply crunch from 2025 onwards as oil exploration fails to keep pace with demand, Occidental Petroleum Chief Executive Vicki Hollub said on Tuesday. Hollub, who spoke on the sidelines of the World Economic Forum in Davos, said U.S. WTI crude prices could trade in the $80-$85 a …

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Shell to Exit Nigeria’s Troubled Onshore Oil After Nearly a Century

CDN and International News, Conventional Energy, Latest, Oil / By

(Reuters) – Shell is set to conclude nearly a century of operations in Nigerian onshore oil and gas after agreeing to sell its subsidiary there to a consortium of five mostly local companies for up to $2.4 billion. The British energy giant pioneered Nigeria’s oil and gas business beginning in the 1930s. It has struggled …

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North Dakota Oil Output Drops up to 425,000 Bpd on Freezing Weather

Conventional Energy, Latest, Oil, US News / By

 North Dakota oil production has fallen by 400,000 to 425,000 barrels per day and gas output is down 1.0 billion to 1.1 billion cubic feet per day on extreme cold and related operational issues, the North Dakota Pipeline Authority estimated on Monday. Canadian gas continued to flow to the U.S. midcontinent through the Northern Border …

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More Oil Tankers shun Southern Red Sea After U.S.-led Strikes in Yemen

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Offshore, Oil / By

At least six further oil tankers have either diverted their course away from, or paused before entering the southern Red Sea since the weekend, ship tracking data from LSEG and Kpler show. That takes the total number of shipping disruptions counted by Reuters to at least fifteen in total since the U.S.-led strikes on Houthi …

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North Dakota Oil Output Off by up to 280,000 Bpd Due to Cold Weather

Conventional Energy, Latest, Oil, US News / By

Reuters North Dakota oil production has fallen by an estimated 250,000 to 280,000 barrels per day due to freezing weather, while natural gas output in the state declined by 700 million to 800 million cubic feet per day, the North Dakota Pipeline Authority estimated on Sunday.An Arctic blast is blanketing much of the United States, …

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Oil Drops More Than 1% Despite Middle East Conflict

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

(Reuters) – Oil prices lost more than 1% on Monday as the Middle East conflict’s limited impact on crude output prompted profit taking after oil benchmarks gained 2% last week. Brent crude futures were down $1.14, or about 1.5%, at $77.15 a barrel by 1250 GMT and U.S. West Texas Intermediate crude lost $1.15, or …

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Biden Cites Concern of Impact of War in Middle East on Oil Prices

Conventional Energy, Latest, Oil, US News / By

(Reuters) – U.S. President Joe Biden said he was concerned about the impact of war in the Middle East on oil prices, which rose on Friday after the U.S. and Britain launched dozens of air strikes across Yemen on Houthi targets. WHY IT’S IMPORTANT Oil rose 1% on Friday as an increasing number of oil tankers diverted …

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