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(Reuters) – U.S. energy firm Berkshire Hathaway Energy shut its Cove Point liquefied natural gas (LNG) export plant in Maryland for about three weeks of annual autumn maintenance, according to a company notice to customers. The amount of natural gas flowing to the plant, which shut around Sept. 20, fell to near zero from an …
Berkshire Hathaway’s Maryland Cove Point LNG Export Plant Shut for Maintenance Read More »
(Reuters) – Investment firm Monroe Capital LLC said on Monday it plans to launch a fresh fund of up to $1 billion to provide loans for smaller auto suppliers as the industry shifts from gasoline-powered to electric vehicles. The White House said the fund would “facilitate access to lower cost capital for small- and medium-sized …
White House Touts $1 Billion Fund to Help Auto Suppliers Retool for EVs Read More »
By Arunima Kumar (Reuters) – Oil prices rose slightly in choppy trade on Monday after last week’s cut to U.S. interest rates and a dip in U.S. crude supply in the aftermath of Hurricane Francine countered weaker demand from top oil importer China. Brent crude futures for November edged up by 16 cents, or 0.21%, to …
Oil Edges Higher as U.S. Interest Rate Cut Counters Weak Demand Read More »
U.S. energy firms this week resumed cutting the number of oil and natural gas rigs after adding rigs last week, with the count falling for a fifth week in six, 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, …
U.S. Drillers Cut Oil and Gas Rigs for Fifth Week in Six, Baker Hughes Says Read More »
Three Mile Island power plant in Middletown, Pennsylvania in 2019.Photographer: Andrew Caballero-Reynolds/AFP/Getty Images The owner of the shuttered Three Mile Island nuclear plant in Pennsylvania will invest $1.6 billion to revive it, agreeing to sell all the output to Microsoft Corp. as the tech titan seeks carbon-free electricity for data centers to power the artificial intelligence …
Microsoft’s AI Power Needs Prompt Revival of Three Mile Island Nuclear Plant Read More »
(Reuters) – The U.S. Energy Department said Friday it plans to award $3 billion to 25 battery manufacturing sector projects in 14 states as the Biden administration works to shift the supply chain away from China. The projects will increase domestic production of advanced batteries and battery materials and follows the adoption of U.S. EV …
U.S. to Award $3 Billion to 25 Projects for Battery Manufacturing Sector Read More »
Chevron does not want to invest in the construction of U.S. LNG plants, as it is not the best use of the company’s capital and it can easily sell its U.S. gas, said a top official on Thursday. The head of Chevron’s midstream, Colin Parfitt, also ruled out taking an equity stake in Woodside Energy’s …
Chevron Not Looking to Invest in Building U.S. LNG Plants Read More »
(Reuters) – Construction contractor Kiewit on Thursday said it has settled a lawsuit with LNG developer Venture Global LNG over disclosures to Shell of information on the Calcasieu Pass LNG plant, the president of Kiewit Energy said. Venture Global on August 2 filed for arbitration against Kiewit alleging it passed confidential documents to Shell in a …
Kiewit Settles Dispute With Venture Global LNG Over Construction Disclosures Read More »
Inventories at this key crude hub at the lowest in a decade for this time of year Bloomberg News Inventories in Cushing, Oklahoma, have been dwindling for the past four months and now sit near the lowest in a decade for this time of year. Photo by Daniel Acker/Bloomberg Oil-storage tanks at a key United States crude …
Canada’s Expanded Trans Mountain Pipeline Has the Tanks at Cushing, Oklahoma Running Dry Read More »
A guide for those watching today’s House Budget Committee hearing, where I will be testifying By Alex Epstein Today I will be testifying for the House Budget Committee at a hearing called “The Costs of the Biden-Harris Energy Crisis.” The main point I’ll be making is that the policy of government-dictated “green” energy, practiced by Biden-Harris and …
COMMENTARY: 12 Myths That Government-Dictated Green Energy is Cheaper Than Fossil Fuels Read More »
