US News - Today in Oil and Gas

Tennessee Gas Pipeline Announces Final Investment Decision on Mississippi Crossing Project

Project designed to transport up to 1.5 Bcf/d of natural gas benefiting Southeast U.S. markets HOUSTON–(BUSINESS WIRE)–Tennessee Gas Pipeline, L.L.C. (TGP), a subsidiary of Kinder Morgan, Inc. (NYSE: KMI), today announced its decision to proceed with its Mississippi Crossing Project (MSX Project) after securing long-term, binding transportation agreements with customers for all the capacity. “This transformative …

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Oil’s Outlook May Not Be as Bad as Feared

Conventional Energy, Latest, Oil, US News / By mark

(Bloomberg) The oil market, range-bound for much of the past two months, feels ready for a holiday reset. After a period of tumult in early autumn, volatility ebbed as direct fire between Iran and Israel eased off, and benchmark futures have been locked in a band of about $6. OPEC+’s recent decision to push back …

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US Issues Fresh Sanctions Related to Nord Stream 2 Pipeline

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

(Reuters) – The United States issued fresh sanctions on Wednesday on several Russia-based entities over their involvement in the Nord Stream 2 gas pipeline, the State Department said, including new measures against the operator of the project. The U.S. State Department said in a statement that it was re-imposing sanctions on a number of entities …

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AI’s Energy Hunger Fuels Geothermal Startups but Natgas Rivalry Clouds Future

Artificial Inteligence, Conventional Energy, Energy Topics & Technology, Geothermal, Latest, Natural Gas, Renewable Energy, US News / By mark

(Reuters) – Geothermal energy startups are on the upswing with Big Tech companies looking to feed their power-intensive AI data centers, but long-term investments remain uncertain as oil majors double down on natural gas. Meta and Alphabet’s Google are among the tech companies partnering with startups proposing to produce geothermal electricity, to power their data centers. Large …

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US Watchdog Recommends Energy Department Halt Loans to Green Projects

Geothermal, Latest, Solar, US News, Wind / By mark

(Reuters) – The inspector general of the U.S. Department of Energy urged the agency’s loan office to immediately halt issuing billions of dollars in loans to green projects, saying contractors who vet them may be serving both the agency and potential borrowers. The watchdog in an interim report, opens new tab issued late on Tuesday urged the …

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Biden’s LNG-Export Study Presents ‘Speed Bump’ for Trump

Conventional Energy, Latest, LNG, US News / By mark

Study finds more US exports threatens higher global emissions Trump has vowed to end a moratorium on new LNG permits The Biden administration released a key study Tuesday that is likely to complicate President-elect Donald Trump’s plans to quickly approve more exports of liquefied natural gas. The study, which analyzed the economic, environmental and other costs of …

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North Dakota Oil Facilities Slow to Come Back Online After October Wildfires

Conventional Energy, Latest, Oil, US News / By mark

(Reuters) – Oil operators in North Dakota, the third-largest producing state in the U.S., are still bringing some facilities back online after wildfires swept through key oil-producing counties in October, the state’s Industrial Commission said on Wednesday. The outages are limited to isolated production facilities such as well pads, which experienced either local equipment damage …

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Oil Traders Toasting Trump Are Split on What He Means for the Market, Canada and Mexico

Conventional Energy, Latest, Oil, US News / By mark

The US president-elect’s support for tariffs raises concerns about a trade war eroding demand, while others welcome an injection of volatility. The oil traders swarming Miami’s South Beach for three days of holiday drinking, dining and schmoozing were mostly male, mostly White and mostly united in the belief that Donald Trump will champion the industry …

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U.S. Funding Bill Includes Plan to Allow Year-Round E15 Gasoline sales

Biofuels, Energy Topics & Technology, Latest, US News / By mark

NEW YORK, Dec 17 (Reuters) – A U.S. government funding bill released on Tuesday included a plan that would allow year-round sales of gasoline with a higher ethanol blend, a major win for the corn and ethanol lobbies. The inclusion would mark a hard-fought victory for the ethanol industry, which has wanted year-round E15 sales …

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2025 May Be Painful for Renewable Energy But Some Opportunities Exist

Latest, Renewable Energy, Solar, US News, Wind / By mark

(Reuters Breakingviews) – On the face of it, 2025 is shaping up to be a stinker for renewable energy. The planet seems ever further from restricting global warming to a manageable 1.5 degrees Celsius level, and the election of Donald Trump as U.S. president means that the world’s biggest economy will visibly retreat from the …

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