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U.S. Hydrogen Industry May Turn to Gas, Carbon Capture Under Trump

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

Green investments stalled due to policy uncertainty, says BNEF 377,000 tons of blue hydrogen capacity may be online by 2025 The US hydrogen economy will likely rely on natural gas and carbon capture technologies rather than green energy in Donald Trump’s second term, according to BloombergNEF. Billions of dollars of investment have stalled in 2024 waiting for the Biden …

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Here Are the LNG Projects Set to Advance If Trump Lifts Freeze

Conventional Energy, Latest, LNG, US News / By

Reversing Biden’s licensing pause clears DOE to give approvals Several major natural gas export projects could move ahead President-elect Donald Trump has vowed to lift the Biden administration’s moratorium on new permits to export liquefied natural gas on his first day in office next week. The promised reversal is key for a number of US projects hanging …

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SLB Boosts Dividend and Buybacks After Q4 Beat Expectations

Conventional Energy, Energy Topics & Technology, Latest, Natural Gas, OFS-Oilfield Services, Oil, US News / By

Summary Q4 adjusted profit 92 cents per share vs forecast 90 cents Q4 revenue $9.28 billion vs forecast $9.18 billion Shares up more than 2% in premarket trade (Reuters) – SLB (SLB.N), opens new tab raised its quarterly dividend and accelerated share repurchases on Friday after the oilfield services provider posted better than expected fourth-quarter …

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Oil Set for Fourth Week of Gains as Investors Assess US Sanctions Impact

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

Summary • Brent up 2.4% so far this week, WTI adds 3.5% • Concerns about more supply disruptions as Trump returns to power • Potential halt to Houthi attacks on shipping in focus after Gaza ceasefire deal (Reuters) – Oil prices rose on Friday, on course for a fourth consecutive week of gains, as the …

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US Needs More Electricity to Win AI Race, Says Trump Energy Czar

Artificial Inteligence, Electricity Grid, Energy Topics & Technology, Latest, US News / By

Doug Burgum tapped to lead Interior Department, energy council Former governor made his fortune in accounting software By Jennifer A Dlouhy The US risks forfeiting a global competition to dominate artificial intelligence if it doesn’t build more reliable, always-on electricity to supply the industry, President-elect Donald Trump’s pick to lead the Interior Department warned Thursday. …

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US Interior Nominee Says Permitting Reform Needed to Speed Energy Projects

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

(Reuters) – U.S. Interior Secretary nominee Doug Burgum told lawmakers during his confirmation hearing on Thursday that permitting reform is needed to speed energy projects, particularly to boost power production. “We’ve got to get to work in permitting reform and speeding permitting right now,” he said. “Electricity is at the brink. Our grid is at …

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Flowco Valued at $2.55 bln as Shares Jump in Strong NYSE Debut

Latest, US News / By

(Reuters) – Shares of Flowco Holdings opened nearly 21% above the initial public offering price in their market debut on Thursday, giving the oilfield services provider a market value of about $2.55 billion. The company’s shares opened at $29 apiece, compared with the IPO price of $24. Hopes of a friendlier regulatory environment for deals …

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US NatGas End-of-Season Storage to Slide to Three-Year Low in March

Conventional Energy, Energy Storage, Energy Topics & Technology, Latest, LNG, Natural Gas, US News / By

(Reuters) – U.S. natural gas storage is on track to end the November-March winter withdrawal season at a three-year low of 1.811 trillion cubic feet (tcf) on March 31, 2025, according to analysts’ estimates. That compares with an eight-year high of 2.306 tcf of gas in storage at the end of the winter withdrawal season …

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Trump’s Treasury Pick Bessent Calls for Stronger Sanctions on Russia Over Ukraine War

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(Reuters) – President-elect Donald Trump’s pick for Treasury Secretary, Scott Bessent, said he “100%” supports raising sanctions on Russian oil producers if the future president requests doing so. Bessent told U.S. senators on the Senate Finance Committee that he believes the Russian sanctions from the Biden administration “were not fulsome enough.” “I think if any …

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PEDAL TO THE METAL: Trump Nominee for Interior Backs Full-Throttle Drilling on Federal Lands

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

(Reuters) – President-elect Donald Trump’s pick for secretary of the interior, Doug Burgum, will tell lawmakers during his nomination hearing on Thursday that he will vigorously pursue Trump’s goals of maximizing energy production from America’s public lands and waters, calling it key to national security. The comments signal a coming sharp turn in policy after …

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