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Chevron CEO Michael Wirth is facing a head-to-head match with Exxon Mobil with his $53 billion bid for Hess and its stake in oil hotspot Guyana, and could wind up trapped in a dispute between two of South America’s biggest energy rivals. On Wednesday, Exxon filed an arbitration claim that could block Hess’ proposed merger with Chevron. …
Chevron’s CEO Faces Challenges of a Lifetime With Hess Bid Read More »
TC Energy’s Keystone oil pipeline is offline due to operational issues, cutting off a major conduit of Canadian oil to the United States, three industry sources said on Thursday. The 622,000 barrel-per-day pipeline has been dogged by problems, including a 2022 spill in rural Kansas. Calgary, Alberta-based TC did not immediately respond to a request …
TC Energy’s Keystone Oil Pipeline Offline Due to Operational Issues Read More »
U.S. natural gas futures were little changed on Thursday as the market waited for direction from a federal report expected to show a much smaller-than-usual storage withdrawal last week when warmer-than-normal weather kept heating demand low. That lack of price movement came despite a bearish low amount of gas flowing to liquefied natural gas (LNG) …
U.S. Natgas Prices Little Changed Ahead of Federal Storage Report Read More »
Analysis by Energy Workforce President Tim Tarpley Energy Workforce President Tim Tarpley On Wednesday, the SEC voted on its long-delayed final rule requiring US companies to disclose climate impacts from their operations. This rule was first proposed in March 2022. The initial proposal would have divided disclosures into Scope 1, which is direct emissions the …
After Significant Delay, SEC Finally Release Climate Disclosure Rule Read More »
(Reuters) – Electric utility Xcel Energy said on Thursday its facilities were involved in an ignition of the Smokehouse Creek fire in Texas. But the company denied “claims that it acted negligently in maintaining and operating its infrastructure”. The Smokehouse Creek Fire has killed at least two people and grown into the largest wildfire in state history …
Xcel Energy Says its Facilities Were Involved in Smokehouse Creek Fire in Texas Read More »
U.S. oil producer Hess said on Thursday it was reviewing the timeline for closing its merger with Chevron, after oil major Exxon Mobil signaled a potential counter offer for Hess’s Guyana assets. Exxon on Wednesday filed a contract arbitration claim related to Hess’ proposed sale of its Guyana oil properties and suggested it may counter Chevron’s pending …
Hess Says Reviewing Timeline for Closing of Chevron Deal Read More »
CALGARY — TC Energy Corp. has cut an unspecified number of jobs, primarily in Calgary and Houston, the pipeline company confirmed Wednesday. A company spokesperson said in an emailed statement the layoffs relate to TC Energy’s previously announced plans to integrate its Canada, U.S. and Mexico natural gas pipelines business units. The new job cuts …
TC Energy Confirms Latest Round of Job Cuts; Unspecified Number of Employees Affected Read More »
Summary Delayed rate cut expected, likely to buoy dollar China Jan-Feb crude imports rise U.S. crude stocks rose as gasoline, distillate stocks drop LONDON, March 7 (Reuters) – Oil prices slipped on Thursday as expectations that U.S. interest rate cuts could be delayed capped gains, though upbeat Chinese trade data augured well for demand in …
Oil Prices Slip on View U.S. Rate Cuts Could be Delayed Read More »
“Addressing climate change” is the wrong target; we want to reduce climate danger—and that requires liberating, not eliminating, fossil fuel use. By Alex Epstein Q: What should government do to address climate change? A: “Addressing climate change” is the wrong target; we want to reduce climate danger. And the proven way to do that is: let us use …
COMMENTARY: “What should government do to address climate change?” – Alex Epstein Read More »
U.S. natural gas output fell about 7% over the past month as producers scaled back production following a collapse in prices to a 3-1/2-year low. Gas prices are down about 23% so far this year, after plunging 44% in 2023, as record production and weak demand from a mild winter left storage facilities at well …
U.S. Natgas Output Down 7% as Producers Cut Back Amid Price Collapse Read More »
