US News - Today in Oil and Gas

US Supreme Court Declines to Pause EPA Mercury, Methane Rules

Conventional Energy, Latest, Methane, US News / By mark

Summary Justices deny emergency requests to halt EPA rules Challengers argue EPA exceeded its powers EPA says rules benefit public health, climate WASHINGTON, Oct 4 (Reuters) – The U.S. Supreme Court declined on Friday to put on hold new federal air pollution rules from President Joe Biden’s administration to tighten limits on mercury and methane, acting in challenges brought …

US Supreme Court Declines to Pause EPA Mercury, Methane Rules Read More »

Oil Settles Up, Biggest Weekly Gains in Over a Year on Middle East War Risk

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

Summary Brent crude posts biggest weekly gains since Jan 2023 Israel conducts air attack on Beirut, Iran calls on allies to step up anti-Israel struggle Biden says he would consider alternatives to striking Iranian oilfields if he was in Israel’s shoes Oil analysts caution prices could stay elevated until Middle East conflict is resolved Spare …

Oil Settles Up, Biggest Weekly Gains in Over a Year on Middle East War Risk Read More »

Oil and Natgas Firm Infinity Natural Files for US IPO

Latest, US News / By mark

(Reuters) – Oil and natural gas developer Infinity Natural Resources is pursuing an initial public offering in the United States after nearly doubling its revenue in the first half of the year, a filing from the company showed on Friday. Backed by investment firms Pearl Energy Investments and NGP Capital, Infinity will aim to list …

Oil and Natgas Firm Infinity Natural Files for US IPO Read More »

US Drillers Cut Oil and Gas Rigs for Third Week in a Row – Baker Hughes

Latest, US News / By mark

(Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for a third week in a row, energy services firm Baker Hughes said on Friday in its closely followed report. The oil and gas rig count, an early indicator of future output, fell by 2 to 585 in …

US Drillers Cut Oil and Gas Rigs for Third Week in a Row – Baker Hughes Read More »

Tellurian Shareholders Back Proposed $1.2 bln Woodside Deal

Conventional Energy, Energy Topics & Technology, Latest, LNG, Mergers and Acquisitions, US News / By mark

(Reuters) – Tellurian shareholders have voted in favor of the U.S. LNG developer’s proposed $1.2 billion acquisition by Australian energy producer Woodside Energy Group, the company said on Friday. Shares rose 1.4% to 98 cents in premarket trade. Woodside in July agreed to buy Tellurian, including its U.S. Gulf Coast Driftwood LNG export project. The …

Tellurian Shareholders Back Proposed $1.2 bln Woodside Deal Read More »

US Natgas Set for 6th Straight Weekly Gain on Worries over Tighter Supplies

Conventional Energy, Latest, Natural Gas, US News / By mark

(Reuters) – U.S. natural gas futures eased on Friday, but looked still set for their sixth straight weekly gain on worries over tighter supplies due to a decline in output and as the latest federal report showed utilities added smaller-than-normal amount of gas into storage last week. Front-month gas futures for November delivery on the …

US Natgas Set for 6th Straight Weekly Gain on Worries over Tighter Supplies Read More »

Duke Plans to Delay Coal Plant Closing Despite Climate Goals

Coal, Conventional Energy, Latest, US News / By mark

Firm seeks to extend life of Indiana facility by three years Power demand spike has complicated utilities’ climate goals Duke Energy Corp. plans to extend the life of its largest coal-fired power plant, pushing aside its climate goal to shutter all facilities that burn the dirty fuel by 2035. The utility said it plans to operate …

Duke Plans to Delay Coal Plant Closing Despite Climate Goals Read More »

Exxon Sees $1.6 Billion Earnings Hit From Oil, Refining Margins

Conventional Energy, Energy Topics & Technology, Latest, Oil, Refineries, US News / By mark

Exxon Mobil Corp. said lower oil prices and refining margins reduced third-quarter earnings by $1.6 billion compared with the previous period. The oil giant revealed quarterly earnings guidance in a regulatory filing Thursday. The impacts of lower oil prices and shrinking refining margins will be partly mitigated by gains of about $900 million from timing effects and …

Exxon Sees $1.6 Billion Earnings Hit From Oil, Refining Margins Read More »

The 2024 Disinflation Lesson: Ignore Oil at Your Peril: McGeever

Conventional Energy, Latest, Oil, US News / By mark

In today’s digital and services-dominated economy, one might be forgiven for buying into the narrative that oil no longer has any real bearing on inflation. That would be a mistake. Inflation is starting to undershoot some central banks’ targets, in large part because the year-on-year change in the oil price is deeply negative. This is …

The 2024 Disinflation Lesson: Ignore Oil at Your Peril: McGeever Read More »

AI Boom Could Spur Large-Scale Investments in Clean Energy

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

CALGARY — The coming boom in artificial intelligence represents both a threat and an opportunity for the clean energy transition, market experts suggest. No longer purely in the realm of the tech sector, AI has in recent years become an energy industry issue. The expected rapid rollout of the energy-hungry data centres needed to power …

AI Boom Could Spur Large-Scale Investments in Clean Energy Read More »