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Piedmont Lithium Pulls U.S. Government Loan Application as Prices Slump

Energy Topics & Technology, Latest, Minerals, US News / By

By Ernest Scheyder Piedmont Lithium’s headquarters is seen in Belmont, Gaston County, North Carolina, U.S., July 16, 2021. Picture taken July 16, 2021. REUTERS/Ernest Scheyder/File Photo Summary CEO cites market conditions, plans to reapply for DOE loan later Company faces financial stress amid 83% drop in lithium prices Piedmont cancels Tennessee project, N.Carolina plans face delays …

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U.S. to Spend $7.3 Billion on Rural Clean Energy Projects

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

(Reuters) – President Joe Biden’s administration on Thursday said the U.S. will spend $7.3 billion from 2022’s Inflation Reduction Act to fund clean energy projects helmed by rural electric cooperatives. The 16 funded projects will reduce energy costs and increase reliability for rural Americans, who tend to pay more for energy, the White House said. …

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Williams to Add 4.2-bcfd of US Natgas Projects in 2024-2027, CEO Says at Barclays Conference

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

(Reuters) – U.S. natural gas company Williams Cos is on track to add 12 projects representing about 4.2 billion cubic feet per day (bcfd) of capacity from 2024-2027, company CEO Alan Armstrong said at the Barclays CEO Energy-Power Conference on Wednesday. The additions come after the company placed 17 projects representing about 5.0 bcfd of …

Williams to Add 4.2-bcfd of US Natgas Projects in 2024-2027, CEO Says at Barclays Conference Read More »

Coterra to Maintain Production Shut-ins Amid Weak Natural Gas Prices

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

(Reuters) – U.S. oil and gas producer Coterra Energy CEO Tom Jorden said on Wednesday the company plans to maintain its natural gas production shut-ins until there is an improvement in prices. Natural gas prices in the United States have stayed below $2 per million British thermal unit for most of the year due to …

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Chesapeake Energy Still Curtailing US Natgas Output, CEO Says

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

(Reuters) – U.S. energy company Chesapeake Energy was still curtailing natural gas output, the company’s CEO Nick Dell’Osso said at the Barclays CEO Energy-Power Conference on Wednesday. Low U.S. gas prices so far in 2024 prompted Chesapeake and several other gas suppliers to cut output. “We are curtailing volumes right now,” Dell’Osso said. He noted, …

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API Shows Weekly US Crude, Fuel Stockpiles Fall, Market Sources Say

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

(Reuters) – U.S. crude oil and fuel inventories fell last week, according to market sources citing American Petroleum Institute figures on Wednesday. The API figures showed crude stocks fell by 7.431 million barrels in the week ended Aug. 30, the sources said, speaking on condition of anonymity. Gasoline inventories fell by 336,000 barrels, and distillates …

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Citi Says 2025 Oil Prices Could Average $60/bbl Without Deeper OPEC+ Cuts

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

Sept 4 (Reuters) – If producer group OPEC+ doesn’t reduce production further, the average price of oil could drop to $60 per barrel in 2025 due to reduced demand and increased supply from non-OPEC countries, Citi said in a note on Wednesday. Citi said that while a technical rebound was possible, the market could lose …

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US Oil, Gas M&A Nears 2023 Record, Focus Shifts Away From Permian, Rystad Says

Latest, US News / By

By Shariq Khan NEW YORK, Sept 4 (Reuters) – U.S. oil and gas producers’ appetite for dealmaking is closing in on last year’s record, with rising interest in smaller oilfields offsetting slower activity in the top oil-producing Permian Basin, analysts at consultancy firm Rystad said on Wednesday. Nearly $100 billion has been spent by U.S. …

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Targa Resources Rebuffed Takeover Interest From Larger Rival Williams

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

Targa viewed Williams’s overture as undervaluing company Targa’s market value now $33 billion after shares gain Targa Resources Corp. rebuffed informal takeover interest from larger rival Williams Cos. in recent months, people with knowledge of the matter said, in another signal of sustained appetite for consolidation in the pipeline industry. The Houston-based natural gas pipeline operator viewed the …

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