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US NatGas Prices Climb 4% to One-Week High on Colder Forecasts, Record LNG FeedGas

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

(Reuters) – U.S. natural gas futures climbed about 4% to a one-week high on Friday on forecasts for colder weather and higher heating demand over the next two weeks than previously expected and record flows of gas to liquefied natural gas (LNG) export plants. That price increase came despite signs that the amount of gas …

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TotalEnergies to Pay $5 Million to Settle U.S. FERC Natgas Manipulation Sase

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

 A unit of French energy company TotalEnergies agreed to pay $5 million to settle claims by U.S. energy regulators that it and some of its traders allegedly manipulated the natural gas market in 2009-2012. The settlement is much smaller than the $214 million the U.S. Federal Energy Regulatory Commission had sought from TotalEnergies’ Total Energies …

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Shell Begins Production at Whale in US Gulf of Mexico

Energy Topics & Technology, Exploration & Production, Latest, Offshore, US News / By

Jan 9 (Reuters) – Oil and gas major Shell (SHEL.L) said on Thursday it had started production at the offshore floating facility Whale located in the Gulf of Mexico. The Whale development is operated by Shell, which owns 60% of the project alongside U.S. energy major Chevron (CVX.N), which has a 40% stake. The project …

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US Senate Panel to Hold Hearings on Trump Energy Picks Next Week

Latest, US News / By

WASHINGTON, Jan 9 (Reuters) – The U.S. Senate energy committee will hold nomination hearings for President-elect Donald Trump’s picks for energy roles on Tuesday and Wednesday next week, the panel’s chairman said on Thursday. The committee will hold a hearing to consider Doug Burgum, Trump’s nominee to be secretary of the interior, on Tuesday, Jan. …

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Biden Administration to Release Short-Term Guidance on Clean Fuel Tax Credit, Sources Say

Emission Reduction, Energy Topics & Technology, Latest, US News / By

By Jarrett Renshaw Jan 9 (Reuters) – President Joe Biden’s administration expects to release short-term guidance on clean fuel tax credits on Friday and leave final decisions to President-elect Donald Trump’s incoming administration, according to two sources familiar with the plan. With the news, biofuel companies and their legislative backers will have to wait to …

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Texas Tops US States for Renewable Energy and Battery Capacity

Batteries, Energy Topics & Technology, Latest, Renewable Energy, Solar, US News, Wind / By

By Gavin Maguire LITTLETON, Colorado, Jan 9 (Reuters) – Texas is dominating the development of renewable energy generation and battery capacity within the United States, and is estimated to have installed nearly 80% more combined solar, wind and battery capacity than the next largest state. The Lone Star state has 42,000 megawatts (MW) of wind …

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Oil Prices Edge Higher as Markets Weigh Demand Against U.S. Inventories

Conventional Energy, Latest, Oil, US News / By

Summary • Analysts expect Jan demand to grow by 1.4 mln bpd • US gasoline and distillates stocks rise more than expected • Saudi Arabia crude oil supply to China to fall in Feb (Reuters) – Oil prices rose slightly on Thursday as investors factored in firm winter fuel demand expectations despite large U.S. fuel …

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Energy Sector Goes From S&P 500’s ‘Worst to First’ in 2025 Start

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

Gaining despite Wall Street’s dim outlook for oil and gas stocks Bloomberg News Energy is the star sector of the S&P 500 index in the early days of 2025, shaking off two consecutive years when it was a market laggard, and gaining despite Wall Street’s dim outlook for oil and gas stocks. The S&P 500 Energy Index has …

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US Oil Imports From Canada Hit Record Ahead of Tariffs Threat, EIA Data Shows

Conventional Energy, Latest, Oil, US News / By

(Reuters) – U.S. crude oil imports from Canada rose last week to the highest on record, data from the U.S. Energy Information Administration (EIA) showed on Wednesday, ahead of incoming U.S. president Donald Trump’s plans to tariff imports. U.S. crude oil imports from Canada rose by 689,000 barrels a day in the week ended Jan. …

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