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(Reuters) – United States exporters of thermal coal earned more than $5 billion in 2023 as they shipped out more than 32.5 million metric tons of the high-polluting power fuel, data from ship-tracking firm Kpler shows. The thermal coal export earnings were the second-highest since 2017, following 2022’s $5.7 billion. The total volumes were the …
U.S. Thermal Coal Exports Hit 5-Year Highs and Top $5 billion in 2023 Read More »
Summary Earnings drop by 30% from 2022 Lower energy prices, refining margins weigh Strong LNG trading boost Q4 2023 results Shell writes down $5.5 bln in quarter LONDON, Feb 1 (Reuters) – Shell on Thursday reported a 2023 profit of $28 billion, a 30% drop from the previous year’s record as energy prices and demand …
Shell Posts $28 Billion 2023 profit, Boosts Dividend Read More »
U.S. crude production in November rose 0.6% to a new monthly record of 13.31 million barrels per day, as output in Texas and New Mexico notched records as well, the Energy Information Administration said on Wednesday. Crude production in Texas rose by 1.4% to 5.66 million bpd, a monthly record, while crude output in New …
U.S. Crude Production in November Rose to Monthly Record – EIA Read More »
Courtesy of Tulsa World In a sequel that absolutely no one wanted, the Osage Nation – whose fight in the 1900s over mineral land rights was depicted in the movie Killers of the Flower Moon – once again finds itself in the middle of a legal battle over energy rights a century later. This time, it’s all …
Reuters (Reuters) – Phillips 66 said it has shut a section of a natural gas pipeline it operates in the Oklahoma Panhandle after fire and rupture that occurred on Tuesday morning. The company said it is responding to the rupture and fire, while it has not yet determined the cause of the incident. “There have …
Phillips 66 Shuts Section of Oklahoma Panhandle Pipeline After Fire Read More »
Funding will be offered as soon as next month to Holtec to restart its Palisades nuclear plant Bloomberg News Article content The Biden administration is poised to loan US$1.5 billion to restart a closed Michigan nuclear power plant, paving the way for a shuttered reactor to reopen in the U.S. for the first time. The funding, …
Biden to Offer $1.5-billion Loan to Restart Michigan Nuclear Power Plant Read More »
The United States is seeking to buy about 3 million barrels of U.S.-produced sour crude for the Strategic Petroleum Reserve for delivery in June, Department of Energy documents showed on Tuesday. The administration of President Joe Biden is slowly replenishing the emergency stash after selling 180 million barrels in 2022 following Russia’s invasion of Ukraine. …
U.S. Seeks to Buy About 3 Million Barrels of Oil for SPR for June Delivery Read More »
Baker Hughes Expects North America Oilfield Spend to Decline in 2024 (Reuters) – U.S. oilfield technology firm Baker Hughes said on Wednesday it expects spending on drilling and well completion in North America to fall in 2024 as commodity prices remain volatile. Shale producers have looked to reduce drilling to counter weak prices. Many U.S. …
Baker Hughes Expects North America Oilfield Spend to Decline in 2024 Read More »
In an attempt to buy votes from ignorant, gullible activists, Biden has amputated the US LNG industry without regard for the catastrophic consequences By Alex Epstein Joe Biden has halted LNG expansion, which the world needs for low-cost, reliable, secure energy.He pretends it’s to lower prices or GHG emissions, but it will do neither.Halting LNG is …
COMMENTARY: Biden’s LNG Pause: a Deadly Election Year Fraud – Alex Epstein Read More »
Biden administration may let six-month suspension end in April US has eased pressure on Maduro amid democratic reforms Maria Corina Machado holds a press conference in Caracas on Monday.Photographer: Gaby Oraa/Bloomberg The Biden administration will restore sanctions on Venezuela’s energy sector if the country upholds its ban on an opposition candidate from running for president, …
U.S. Set to Renew Venezuela Oil Sanctions After Presidential Candidate Barred Read More »
