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Summary Israeli forces intensify strikes on Rafah city Russia exports more crude in Feb after refinery attacks US sanctions firms, tanker over Russia price cap violation (Reuters) – Oil prices were on track for over 5% gains week-on-week on Friday, amid persistent tensions in the Middle East after Israel rejected a ceasefire offer from Hamas. …
Oil Heads For Weekly Gain as Middle East Conflict Rages Unabated Read More »
BP Plc is acting to restore its 435,000 barrel-per-day (bpd) Whiting, Indiana, refinery to normal operations following a full shutdown because of a Feb. 1 plant-wide power outage, a company spokesperson said on Thursday. “BP is making progress on the work to restore the refinery to normal operations,” company spokesperson Christina Audisho said in an …
BP Sees Progress on Restoring Indiana Refinery Operations Read More »
MADISON, Wis. (AP) — An attorney for the energy company Enbridge tried to persuade a federal appellate court Thursday to vacate an order that would shut down part of a pipeline running through a Wisconsin tribal reservation. The company contends that U.S. District Judge William Conley improperly ordered Enbridge to shut down a 12 mile (19 km) …
Enbridge Appeals to Vacate an Order That Would Shut Down its Pipeline Read More »
U.S. oil and gas producer Devon Energy has approached Enerplus, a peer with a market value of C$3.9 billion ($2.9 billion), with an acquisition offer, people familiar with the matter said on Thursday. Such a combination would continue the dealmaking spree seen in the North American oil patch in recent months, which has included many …
Shale Producer Devon Energy in Bid to Acquire Enerplus – Sources Read More »
A review of U.S. LNG that the Energy Department will conduct during a pause on new permits should weigh the impact of gas exports on the development of the emerging green hydrogen market, an administration official told Reuters on Wednesday. The DOE’s review will look at the economic and environmental impacts of projects seeking approval …
LNG Export Review Should Weigh Impact on Green Hydrogen Market, U.S. Official Says Read More »
The Republican National Committee has passed an unprecedented resolution that powerfully advocates for energy freedom in America. By Alex Epstein I don’t identify as a Republican or a Democrat, and since 2022 I’ve made it a policy not to support any political party nor anyone’s candidacy for elected office. However, I am always happy to give …
COMMENTARY: A Landmark Energy Freedom Resolution From the RNC – Alex Epstein Read More »
Senate hearing to investigate Biden’s LNG export freeze Manchin worried ‘White House will put its thumb on the scale’ Bloomberg The White House’s pause on new liquefied natural gas export approvals is unjustified and should be “reversed immediately” if a study of the shipments is only beginning now, Senator Joe Manchin plans to say at …
Biden Politics: Manchin Says LNG Export Pause Unjustified, Should Be Reversed Read More »
(Reuters Breakingviews) – Orsted has learned the hard way how strong economic tailwinds can go into reverse. Less than a year ago the world’s top offshore wind farm developer by power capacity was eyeing rapid growth in the United States, where President Joe Biden’s green subsidies were supercharging the industry. Then rapid interest rate hikes …
Orsted Revival Requires More Than Belt-Tightening Read More »
Reuters WASHINGTON, Feb 8 (Reuters) – A top U.S. Department of Energy official is set on Thursday to defend President Joe Biden’s pause on approvals of liquefied natural gas (LNG) exports at a Senate hearing called by a fellow Democrat who said he will investigate the decision. Deputy U.S. Energy Secretary David Turk will testify before the …
Top Biden Official to Defend LNG Pause in Senate Hearing Read More »
Reuters Feb 8 (Reuters) – U.S. oil and gas producer ConocoPhillips beat Wall Street estimates for fourth-quarter profit on Thursday, helped by higher production in the Permian Basin and from a recent acquisition. The company had bought an additional 50% stake from TotalEnergies in the Surmont facility in Canada in 2023 that increased its output. Quarterly …
Oil Producer ConocoPhillips Beats Quarterly Profit Estimates on Higher Production Read More »
