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Trump Chooses Oil Fracking Boss Chris Wright as Energy Secretary

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

Liberty Energy CEO has said there is no climate crisis Trump cites goals of deregulation, getting US energy dominance President-elect Donald Trump nominated Chris Wright, who runs a Colorado-based oil and natural gas fracking services company, to lead the Energy Department. Wright, the chief executive officer of Liberty Energy Inc., has no previous Washington experience. He’s made a name …

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U.S. LNG Developers See Trump Win Lifting Pall Over Expansions

Conventional Energy, Latest, LNG, Pinned Primary, US News / By

Summary Energy and LNG executives express relief at Trump’s election win Expect regulations will ease under new administration Environmental groups promise fight to block LNG expansion (Reuters) – U.S. liquefied natural gas developers awaiting permits for new export projects this week expressed confidence President-elect Donald Trump will ease the way for their multi-billion-dollar expansion plans. Their …

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Oil Was Written Off. Now It’s the Most Productive U.S. Industry

Latest, Oil, Pinned Primary, US News / By

Oil and gas extraction has seen the fastest labor productivity gains of any sector in the past decade. In a dusty swath of sagebrush country near the Texas-New Mexico border, engineers at oil producer Matador Resources Co. encountered a problem. Conventional wisdom called for drilling four wells into the ground and then horizontally to access layers of …

Oil Was Written Off. Now It’s the Most Productive U.S. Industry Read More »

Chevron CEO Under Pressure to Halt Share Slide as Hess Deal Stalls

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Mergers and Acquisitions, Oil, Pinned Primary, US News / By

  Chevron earnings fail to cover dividends, buybacks Delayed Hess deal a drag on the company’s share price Guyana volumes crucial for long-term oil output gains (Reuters) – Five years ago, Chevron CEO Michael Wirth won Wall Street acclaim as the No. 2 U.S. oil company briefly achieved a market value larger than Exxon Mobil’s after he …

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Saudi Aramco CEO Calls for Reset in Energy Transition Policies for Developing Nations

CDN and International News, Latest, Oil, Pinned Primary / By

Summary Saudi Aramco: World may still need over 100 mln bpd oil in 2050 Oil demand outlook solid despite energy transition goals Saudi Aramco: Asia needs greater say in transition policies (Reuters) – Progress in the energy transition in Asia is far slower, much less equitable and more complicated than many have expected, the head …

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Oil Plunges as Iran Supply Disruption Concerns Ease, Demand Outlook Weakens

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

Summary Brent, WTI down 4% Israeli PM Netanyahu says willing not to strike Iran oil targets OPEC, IAE cut global oil demand growth outlook (Reuters) – Oil prices tumbled more than 4% to a near two-week low on Tuesday due to a weaker demand outlook and after a media report said Israel is willing to not strike …

Oil Plunges as Iran Supply Disruption Concerns Ease, Demand Outlook Weakens Read More »

Deadly Houston Fire Highlights Pemex’s Grim Safety Record

Conventional Energy, Energy Topics & Technology, Latest, Oil, Pinned Primary, Refineries, US News / By

Accident at Deer Park refinery left at least two workers dead and another 35 people injured. A fatal accident last week at a Houston-area refinery was another reminder of the risks posed by the oil industry that dominates much of the city. The vast Deer Park facility, owned by Mexico’s state-owned oil company Petroleos Mexicanos, …

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A World in Need of More Gas Isn’t Getting New Supply Fast Enough

Latest, LNG, Natural Gas, Pinned Primary, US News / By

With countries still reeling from the energy crisis, delays to LNG projects push relief prospects further out. A wave of new liquefied natural gas supply from projects agreed years ago in anticipation of surging demand keeps getting pushed back, threatening to extend the global energy crisis. Delays from the US to Mozambique promise little imminent …

A World in Need of More Gas Isn’t Getting New Supply Fast Enough Read More »

Ports Restrict Navigation, Some Oil Facilities Shut as Milton Approaches Florida

Conventional Energy, Energy Topics & Technology, Latest, Offshore, Oil, Pinned Primary, US News / By

Summary Companies Storm expected to miss most oil infrastructure Set to make landfall near Tampa Imports and exports could be temporarily halted Biden approves emergency declaration (Reuters) – At least one oil and gas platform in the U.S. Gulf of Mexico was shut on Monday and Florida ports imposed restrictions on vessel navigation as Hurricane Milton rapidly …

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More than 1.28 Mln Florida Customers Without Power Due to Storm Helene

Electricity Grid, Energy Topics & Technology, Latest, Pinned Primary, US News / By

(Reuters) – More than 1.28 million homes and businesses in Florida were without power on Friday as Hurricane Helene made landfall as one of the most powerful storms to hit the United States, according to data from PowerOutage.us. The utility company with the most number of customers affected was Duke Energy, which had over 380,000 clients …

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