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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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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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FTC Set to Greenlight Chevron’s $53 Bln Buy of Oil Rival Hess, Sources Say

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

The U.S. Federal Trade Commission is expected to greenlight U.S. oil producer Chevron’s purchase of Hess as soon as this week, two people familiar with the matter said, leaving Exxon Mobil’s challenge to the $53 billion deal as its final hurdle.                      The proposed merger was first …

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U.S. Gasoline Prices Set to Fall Under $3/gallon as Election Nears

Diesel Fuel, Energy Topics & Technology, Gasoline, Latest, Oil, Pinned Primary, US News / By

Summary US avg. gasoline price set to dip to $2.99/gal by late Oct. Lower fuel prices could help Democrats in election Pump prices down sharply in competitive ‘swing states’ Wild Card: Hurricane Francine churns through oil patch (Reuters) – U.S. motorists should see gasoline prices fall below $3 a gallon for the first time in …

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New Drilling Technology to Put Billions of Barrels of Oil in Reach

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

HOUSTON, (Reuters) – An oil production breakthrough that producers say can safely tap ultra-high pressure fields could put up to 5 billion barrels of previously inaccessible crude into production, analysts said. Chevron on Monday disclosed it had pumped first oil from a field at 20,000 pounds per square inch pressures, a third greater than any prior well. …

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Oil Extends Gains for Fifth Session Supported by Mideast Tensions

Latest, Oil, Pinned Primary, US News / By

Oil prices rose for a fifth consecutive session on Monday, holding on to last week’s more than 3% gains, as U.S. recession fears eased while geopolitical tensions in the Middle East supported prices. Brent crude futures climbed 22 cents, or 0.3%, to $79.88 a barrel by 0458 GMT, while U.S. West Texas Intermediate crude futures …

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Exxon’s Dominance May Not Be Good for Exxon

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

By Robert Cyran NEW YORK, Aug 2 (Reuters Breakingviews) – Exxon Mobil  is barging ahead of rival Chevron. Second-quarter figures reported on Friday showed the $520 billion oil giant churned out $9.2 billion of profit, thanks to the benefits of its $60 billion deal for Pioneer Natural Resources and record production in oil fields in Texas and offshore South …

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U.S. Oil and Gas Mergers Continue at Furious Pace in Q2

Energy Topics & Technology, Latest, Mergers and Acquisitions, Pinned Primary, US News / By

By Gary Mcwilliams Big dollar deals like Conoco-Marathon Oil driving activity Average price paid per undeveloped property up 68% this year Exxon’s deal for Pioneer kicked off latest wave of mergers HOUSTON, July 30 (Reuters) – U.S. oil and gas patch deals continued to run hot in the second quarter, topping $30 billion with big …

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Harris Backs Off Fracking Ban as GOP Campaigns on Past Position

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

Harris supported ban on extraction method as candidate in 2019 Reversal shows focus on vice president after Biden dropped out Vice President Kamala Harris’ campaign said she doesn’t support a ban on fracking, reversing a stance she took on the hot-button oil and gas extraction technique as a presidential candidate in 2019. Harris’ previous anti-fracking position …

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