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Licenses allow ConocoPhillips to advance legal efforts Texas-based oil and gas producer owed $10 billion by Venezuela ConocoPhillips has been granted a string of licenses by the US government that allow the oil and gas producer to better position itself to recover some or all of the roughly $10 billion it is owed by Venezuela after …
ConocoPhillips Gets US Licenses in Bid to Recoup Venezuela Debt Read More »
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 »
The Detroit-based automaker is working to secure a supply of lithium iron phosphate batteries General Motors Co. hinted that it’s developing a lower-cost electric pickup truck that could boast a 350-mile range. The Detroit-based automaker is working to secure a supply of lithium iron phosphate batteries in North America, said Kurt Kelty, GM’s vice president …
GM Hints at Cheaper Electric Truck With 350-Mile Range Read More »
(Reuters) – U.S. gasoline demand rose by more than 1.1 million barrels per day in the week ended Oct. 4, the sharpest weekly increase since February 2001, data from the U.S. Energy Information Administration showed on Wednesday. Product supplied of gasoline, EIA’s measure of demand, hit 9.7 million barrels last week for the first time …
US Gasoline Demand Rose by the Most in a Single Week Since 2001, EIA Data Shows Read More »
(Reuters) – U.S. crude stocks rose as refining activity slipped last week, while gasoline and distillate inventories fell, the Energy Information Administration said on Wednesday. Crude inventories rose by 5.8 million barrels to 422.7 million barrels in the week ended October 4, the EIA said, compared with analysts’ expectations in a Reuters poll for a …
US Crude Stocks Rise, Gasoline and Distillate Inventories Fall, EIA Says Read More »
U.S. natural gas production will decline in 2024 while demand will rise to a record high, the U.S. Energy Information Administration (EIA) said in its Short Term Energy Outlook (STEO) on Tuesday. EIA projected dry gas production will ease from a record 103.8 billion cubic feet per day (bcfd) in 2023 to 103.5 bcfd in …
US Natgas Output to Decline as Demand Hits Record High in 2024, EIA says Read More »
(Reuters) – More than 160,000 homes and businesses in Georgia, the Carolinas, Texas and California were without power on Wednesday as Hurricane Milton is expected to make landfall on Florida’s Gulf Coast late Wednesday, according to PowerOutage.us. The utility with the most outages was U.S. energy company Duke Energy, a major supplier in the Carolinas, …
Over 160,000 US Customers Without Power as Hurricane Milton Approaches Read More »
Storm triggers evacuations along state’s battered west coast Milton is menacing Tampa Bay with a dangerous storm surge Hurricane Milton is set to approach the Florida peninsula as a catastrophic Category 4 storm, bearing down on a region still struggling to recover from Helene’s devastation. Milton’s top wind speed slowed slightly to 155 miles (249 kilometers) per …
Hurricane Milton Approaches Florida With 155 MPH Winds Read More »
Summary Renewables should meet nearly half of world’s electricity demand Growth not enough to meet triple capacity target set at COP28 Increase driven as renewables often cheapest option But millions of kilometres of grid upgrades needed (Reuters) – Renewable energy sources are set to meet nearly half of all electricity demand by the end of …
Renewable Energy to Fall Short of UN Goal to Triple by 2030, IEA Says Read More »
(Reuters) – Woodside Energy said on Wednesday it has completed the acquisition of U.S. liquefied natural gas developer Telluria, including its U.S. Gulf Coast LNG export project, for $1.2 billion including debt. Last week, Tellurian shareholders had voted in favour of its proposed acquisition by the Australian energy producer. Woodside said it has renamed the Driftwood LNG …
Woodside Completes $1.2 Bln Tellurian Acquisition Read More »
