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All Crude Units Shut at TotalEnergies Texas Refinery

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Both crude distillation units (CDUs) and two vacuum distillation units (VDUs) shut down on Thursday at TotalEnergies 238,000 barrel-per-day (bpd) Port Arthur, Texas refinery, sources familiar with plant operations said on Thursday. The units, which convert crude oil into feedstock for all other units at the refinery, were shut following a malfunction on the gasoline-producing fluidic …

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Venture Global LNG Explains to U.S .Regulator its Failure to Sell Commercial Cargoes

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(Reuters) – Venture Global LNG has told a U.S. regulator that it cannot meet contracts to provide liquefied natural gas (LNG) cargoes to several major customers because its export plant is not yet ready to meet three criteria in the contracts, according to a letter to the Federal Energy Regulatory Commission (FERC). Shell PLC , BP …

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Breaking It Down: Chesapeake $7.4 Bln Deal Finds Safety in Numbers

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(Reuters Breakingviews) – Chesapeake Energy  is the latest to join the fossil-fuel merger rush, and has the benefit of safety in numbers. That’s true in two ways: first, because its $7.4 billion purchase of Southwestern Energy is financially attractive for Chesapeake shareholders, and secondly because Boss Nick Dell’Osso is treading an M&A path that rivals like Exxon Mobil  and …

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U.S. Distillate Inventories Normalize as fuel Demand Slows

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(Reuters) – Recent builds in U.S. distillate stocks have pushed inventories to normal levels for the first time since early 2022, a sign that analysts say may indicate that markets are steadying after several years of wild price fluctuations. Refiners have been scrambling to meet demand for fuels like diesel and heating oil for nearly …

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State Of Louisiana Receives Primacy from EPA for Class VI Injection Wells

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Analysis by Energy Workforce President Tim Tarpley Last week, after a long deliberation process, the EPA granted primacy to the State of Louisiana to issue class VI permits for wells that store carbon dioxide. Currently, only North Dakota and Wyoming have primacy, while Texas, Arizona and West Virginia have applied but are still waiting on …

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U.S. Oil and Gas Jobs See Slight Decline in December, Up Overall for The Year

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Jobs in the U.S. oilfield experienced a slight decline, with a decrease of 941 jobs in the U.S. oilfield services sector during December, according to preliminary data from the Bureau of Labor Statistics (BLS) after adjustments to November numbers and analysis by the Energy Workforce & Technology Council. Compared to November, job availability across the sector decreased …

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As ConocoPhillips’ Alaska Willow Project Advances, Two Local Governments Have Withdrawn Their Criticism

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The tribal and city councils in Nuiqsut withdrew their support for a joint letter they sent last year blasting the “endless expansion of oil development and the complete encirclement of our village.” ConocoPhillips’ CD-5 project was built before construction on Willow started, some seven miles from the Iñupiat village of Nuiqsut on Alaska’s North Slope. …

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World to Get More Gassy Despite Energy Transition Momentum

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(Reuters) – Nearly every major region is boosting investments in the infrastructure needed to increase the use of natural gas in power generation, despite global efforts to transition energy systems away from fossil fuels. Globally, more than $720 billion is to be spent on gas pipelines under construction or planned, and an additional $190 billion …

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Renewable Energy Growth Must Accelerate to Reach 2030 Goal – IEA

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(Reuters) – Global renewable energy capacity is expected to grow by two and a half times by 2030 but governments need to go further to achieve a goal of tripling it by then agreed at United Nations’ climate talks, the International Energy Agency (IEA) said. In its annual renewable energy outlook report, the IEA said …

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