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Summary Texas refineries report malfunctions as equipment freezes Some refineries performing overhauls planned months ago HOUSTON, Jan 16 (Reuters) – A severe winter storm shut a U.S. Gulf Coast refinery in Texas on Tuesday, triggered malfunctions at others and halved North Dakota oil production as it dumped snow and rain across a broad swath of …
Deep Freeze Hits U.S. Oil Industry From North Dakota to Texas Read More »
U.S. oil output from top shale-producing regions is due to decline in February for the fifth consecutive month, the U.S. Energy Information Administration (EIA) said in a monthly report on Tuesday. Oil output is set to fall to 9.68 million barrels per day (bpd) next month, driven by declines in the Eagle Ford and Bakken …
U.S. Oil Output Due to Drop in February for Fifth Straight Month, EIA Says Read More »
TotalEnergies’ 238,000 barrel-per-day (bpd) refinery in Port Arthur, Texas, was examining units after a plantwide power outage on Tuesday morning as a winter storm brought frigid temperatures to the U.S. Gulf Coast, sources familiar with the company’s operations said.Flint Hills Resources said its 343,000-bpd refinery in Corpus Christi, Texas, sustained significant impacts from unseasonably cold …
Deep Freeze Triggers U.S. Gulf Coast Refinery Shutdown Read More »
U.S. natural gas supplies fell to near a 13-month low on Monday as an Arctic blast across much of the country froze wells, while demand for the fuel for heating and power generation was set to hit a record high on Tuesday. In Texas, meanwhile, the state’s power grid operator, the Electric Reliability Council of …
U.S. Natural Gas Demand Eyes Record as Arctic Blast Dents Output Read More »
Go from survive to thrive in a few easy steps. By Geoffrey Cann If you’re working on a digital innovation when your oil and gas company has been acquired, you’re at risk, and you need a plan. Why The Industry Is In Turmoil Let’s be frank. The oil and gas industry is the poster child for a fast turning …
How To Keep Your Digital Energy Job Even If Your Company is Acquired – Geoffrey Cann Read More »
Original Article Published in the Hill As U.S. oil production booms, President Biden finds himself on a tightrope between courting moderate voters and maintaining enthusiasm among progressives. Domestic oil production is projected to hit record highs this year. That fact could be used to parry Republican attacks on the administration’s energy agenda as Biden seeks reelection, …
Biden Walks Political Tightrope on U.S. Oil Boom Read More »
The oil market could be heading for a supply crunch from 2025 onwards as oil exploration fails to keep pace with demand, Occidental Petroleum Chief Executive Vicki Hollub said on Tuesday. Hollub, who spoke on the sidelines of the World Economic Forum in Davos, said U.S. WTI crude prices could trade in the $80-$85 a …
Market to be Short Oil From 2025 Onwards, Occidental CEO at Davos Read More »
Ercot urges people to conserve energy Tuesday morning Texas grid holds up Monday despite record demand for winter Texas faces another power grid test Tuesday after surviving record winter demand as freezing weather strains electricity systems across North America. While the state’s grid held up Monday, its operator issued a conservation plea for 6 a.m. …
Texas Sets New Electricity Record, Faces More Tests From Freeze Read More »
(Reuters) – Oil prices rose on Tuesday, as investors weighed the impact of tensions in the Middle East. Brent crude futures gained 77 cents, or about 0.99%, to $78.92 a barrel at 1014 GMT. The contract had lost 14 cents on Monday. U.S. West Texas Intermediate crude was up 46 cents, or 0.63%, from Friday …
(Reuters) – The effective closure of the Red Sea to tankers carrying liquefied natural gas (LNG), while a concern, is unlikely to shift prices for the super-chilled fuel because other factors are driving the market. QatarEnergy, the world’s second-biggest LNG shipper, has stopped sending tankers via the Red Sea, a senior source with direct knowledge of …
Red Sea Disruptions Not (Yet) Enough to Trouble LNG Prices Read More »
