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U.S. energy firms this week added oil and natural gas rigs for a second straight week to their highest since September, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, rose by three to 629 in the week to …
U.S. Oil and Gas Rig Count Rises to Highest Since September- Baker Hughes Read More »
U.S. production of oil and gas set new seasonal records in December, capping off an unprecedented year, according to data published by the U.S. Energy Information Administration (EIA) on Thursday. Production continued to climb even as prices slumped from the very high levels seen in mid-2022 after Russia’s invasion of Ukraine, contributing to the accumulation …
Record U.S. Oil and Gas Production Keeps Prices Under Pressure: Kemp Read More »
March 1 (Reuters) – Global energy majors Exxon Mobil and Shell will work with Singapore to develop a cross-border carbon capture and storage (CCS) project, both companies said on Friday. The Singapore-based units of the two companies, ExxonMobil Asia Pacific Pte. Ltd. and Shell Singapore Pte. Ltd., have formed the S-Hub consortium to work with the Singapore …
ExxonMobil, Shell to Work with Singapore on Carbon Capture and Storage Project Read More »
The U.S. Environmental Protection Agency on Thursday said it will exclude existing natural gas power plants from its proposed carbon regulations that it plans to finalize in April, narrowing the scope of the initial proposal that would have required stringent controls on those facilities. The electric sector had questioned whether the EPA had authority to …
US EPA Removes Existing Natgas Plants From Proposed Carbon Rule Read More »
Oil from Canada supplies more than 23% of U.S. refinery feedstock, helping bolster North American energy security By Ven Venkatachalam Aerial view of an oil refinery in Los Angeles, California. Getty Images photo Introduction The refining industry¹ in the United States is one of the world’s largest, with capacity to process 18 million barrels of …
The Importance of Canadian Crude Oil to Refineries in the U.S. Read More »
U.S. natural gas futures edged lower on Thursday ahead of a storage report that is likely to show a smaller-than-normal withdrawal, further adding to the excess supplies that drove prices on a path for their fourth consecutive monthly decline. Front-month gas futures for April delivery lost 1% to $1.869 per million British thermal units (mmBtu) …
Natgas Prices Face 4th Straight Monthly Decline on Storage Surplus Read More »
Automakers now have one fewer competitor to worry about in a crowded and uncertain arena Bloomberg News The sudden demise of Apple Inc.’s electric-vehicle program is a bleak sign for the car market. It’s also a welcome boon for automakers themselves. Apple Pulls Plug on Electric Car Plans Apple Inc. is canceling a decade-long effort to build an …
Apple’s Electric-Vehicle Wind Down Offers Reprieve to Tesla, Detroit Rivals Read More »
Bloomberg Power provider plans to apply for state loan to build plants Loan would come from $5 billion energy fund approved by voters NRG Energy Inc. plans to apply for as much as $900 million in loans from Texas to build power projects that would run on natural gas, according to its top executive. The loans would cover …
NRG Targeting $900 Million From Texas for New Gas Plants Read More »
Cornell University professor Robert Warren Howarth says methane emissions from American LNG supply chains make the fuel as bad or worse for the climate than coal. Bloomberg When the Biden administration paused approval of new liquefied natural gas export licenses in January, the decision was driven by a recognition that the climate impact from the fossil fuel …
How One Methane Scientist Influenced Biden’s Pause on LNG Approvals Read More »
The disruption in the Red Sea has pushed the amount of crude in transit to a six-month high. Oil analysts and executives from across the industry are starting to sound more upbeat than they have for a while at International Energy Week in London. Speakers at events taking place around the main conference painted a picture of …
Oil Producers May Not Share Analysts’ Views of a Tighter Market Read More »
