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Oil Industry Yet to Prove Carbon Capture Viable: Kerry

Carbon Capture, Conventional Energy, Energy Topics & Technology, Latest, Natural Gas, Oil, US News / By

Kerry urges industry to back CCUS talk with workable projects Former climate diplomat helped broker fossil COP28 deal John KerryPhotographer: Benjamin Girette/Bloomberg John Kerry, the Biden administration’s former top climate diplomat, said the oil and gas industry must prove carbon capture can play a meaningful role lowering emissions or face a quicker-than-expected transition away from …

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Why Oil Prices Can Rise After an Interest Rate Cut

Conventional Energy, Energy Topics & Technology, Finance, Latest, Oil, Tri-Pinned, US News / By

Oil prices can rise after an interest rate cut due to several interconnected economic factors: Weaker Dollar: Interest rate cuts often lead to a weakening of the country’s currency, especially the U.S. dollar. Oil is typically priced in dollars on global markets, so when the dollar weakens, oil becomes cheaper for buyers using other currencies, …

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Rystad Estimates 400 Additional LNG Vessels Needed to Meet Current U.S. Export Expansion

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

By Curtis Williams Sept 18 – The current major U.S. expansion in liquefied natural gas exporting terminals and infrastructure will require an additional 400 vessels that can carry the supercooled gas to foreign buyers, Emily McClain, vice president of North America gas markets at research company Rystad Energy, told the Gastech conference on Wednesday. The …

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U.S. Seeks Up to 6 Million Barrels of Oil for Strategic Reserve

Conventional Energy, Energy Storage, Energy Topics & Technology, Latest, Oil, US News / By

The U.S. is seeking to buy up to 6 million barrels of oil to help replenish the Strategic Petroleum Reserve after a historic sale from the facility in 2022, the Energy Department said on Wednesday. Reuters reported exclusively this week that the solicitation would take place on Wednesday as the administration of President Joe Biden …

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Chesapeake Energy Says Deal for Southwestern Energy to Close Early in 4Q

Conventional Energy, Energy Topics & Technology, Latest, Mergers and Acquisitions, Natural Gas, Tri-Pinned, US News / By

Chesapeake Energy’s $7 billion acquisition of rival natural gas producer Southwestern Energy is expected to close early in the fourth quarter, CEO Nick Dell’Osso said on Wednesday. The deal was delayed earlier this year after the U.S. Federal Trade Commission requested additional information from the two. Chesapeake announced the all-stock purchase in January and originally …

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Energy Transfer Pipeline Fire Burns for a Third day in La Porte, Texas

Latest, US News / By

(Reuters) – Energy Transfer  said a fire at its natural gas liquid (NGL) pipeline in La Porte, Texas, which started on Monday, continued to safely burn itself out on Wednesday with the flame having diminished overnight. The pipeline was isolated for residual product to burn off, after a massive fire knocked out power to thousands of homes …

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US Crude Stocks Fall, Gasoline and Distillate Inventories Rise – EIA

Conventional Energy, Energy Storage, Energy Topics & Technology, Latest, Oil, US News / By

U.S. crude stocks fell while gasoline and distillate inventories rose in the week ending September 13, the Energy Information Administration (EIA) said on Wednesday. Crude inventories fell by 1.6 million barrels to 417.5 million barrels in the week, the EIA said, compared with analysts’ expectations in a Reuters poll for a 500,000-barrel draw. Crude stocks …

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Wall Street Wants You to Know Profit Comes Before Net Zero – Energy Transition Investments Have to be Profitable

Energy Topics & Technology, Environment, Latest, Net Zero, US News / By

Banks say their first priority is delivering financial returns for clients—and that means energy-transition investments need to be profitable. Ever since a short clause in the 2015 Paris Agreement called for private funding to support a reduction in global greenhouse gas emissions, the role of the finance sector in delivering climate action has been subject to increasing …

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Progressives Should Cut Harris Slack on Fracking, Says Environmentalist

Conventional Energy, Energy Topics & Technology, Fracking, Latest, Oil, US News / By

Democratic nominee no longer wants to ban the practice Pennsylvania is big fracking state that looms large in US race Bill McKibben speaking at Upstate Films in Rhinebeck.Photographer: Anne Riley Moffat/Bloomberg Progressive Americans unhappy with Vice President Kamala Harris’ about-face on fracking need to ease up, said environmentalist Bill McKibben. “Look, it doesn’t make me happy, but …

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Houston-Area Blaze Caused by SUV Accident, Officials Say

Conventional Energy, Energy Topics & Technology, Latest, Natural Gas, Pipelines, US News / By

Authorities in Deer Park say no indication of terrorism Operator Energy Transfer is letting the fire burn out By Christopher Charleston A fire on an Energy Transfer LP natural gas liquids pipeline near Houston was caused by an SUV crashing through the fence of a Walmart store and into an above-ground valve to the line, local officials said. …

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