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Biden Grants First New LNG Approval Since Freezing Permits

Conventional Energy, Latest, LNG, US News / By

New Fortress Energy receives five-year license to sell LNG Climate groups blast White House, permit-pause appeal ongoing The Biden administration granted the first liquefied natural gas export license since a federal court overturned a temporary moratorium on issuing permits to ship the fuel. The US Energy Department granted a five-year license Tuesday to Wes Edens’ company New Fortress Energy Inc., …

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U.S. LNG Export Dominance Tested as Europe’s Demand Wilts

Conventional Energy, Latest, LNG, US News / By

By Gavin Maguire LITTLETON, Colorado, Sept 4 (Reuters) – The United States has remained the largest exporter of liquefied natural gas (LNG) so far in 2024, but a steep drop in selling prices and a sharp swing in export volumes to key markets is likely testing exporter appetite to stay on top. The United States shipped …

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EOG to Ramp Up Activity in Utica Shale Play in Ohio

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

Houston-based shale producer EOG Resources expects to ramp up operations in the Utica shale play in Ohio, Chief Operating Officer Jeff Leitzell told attendees at the Barclays CEO Energy-Power Conference in New York on Tuesday. EOG Resources has doubled its activity in the Utica year-on-year, operating on 445,000 acres with an average entry cost of around …

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Oil Prices Slip again on Demand Concerns, Possible End to Libya Row

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

Reuters – Oil prices fell slightly on Wednesday, hovering at their lowest levels since December after plunging more than 4% the previous day on signs of a weak global economy, lacklustre oil demand, and expectations of an end to a dispute halting Libyan exports. The oil price decline came during a broader sell-off in world markets, with …

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US Gasoline Slumps to Near 3-Year Low on End of Driving Season, Oil Slump

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

(Reuters) – U.S. gasoline futures fell nearly 6% on Tuesday to their lowest since December 2021, as the end of the driving season weighed on demand for the motor fuel amid a sell-off in the broader oil market. Gasoline futures for October deliveries settled 5.5% lower at $1.98 per gallon, their biggest losses in a …

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AI Likely to Weigh on Oil Prices Over the Next Decade, Goldman Says

Conventional Energy, Latest, Oil, US News / By

(Reuters) – Artificial intelligence could hurt oil prices over the next decade by boosting supply by potentially reducing costs via improved logistics and increasing the amount of profitably recoverable resources, Goldman Sachs said on Tuesday. WHY IT’S IMPORTANT The impact of AI on energy and metals has mostly focused on the demand side given the …

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Voyager Midstream Acquires Some Natgas Assets From Phillips 66

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

(Reuters) – Voyager Midstream Holdings, a portfolio firm of Pearl Energy Investments, said on Tuesday it has acquired some natural gas gathering and processing assets from Phillips 66 to boost its presence in Haynesville shale. Haynesville, located primarily in Louisiana and East Texas, contains large amounts of natural gas. Houston-based Voyager said the assets are …

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Chevron Kicks Off Efforts to Boost Output at Two Gulf of Mexico Fields

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

(Reuters) – Chevron (CVX.N) said on Tuesday it had started water injection operations at the company’s projects, Jack/St. Malo and Tahiti off the U.S. Gulf of Mexico, to boost oil and natural gas recovery. Since the fields started production in 2014, Jack/St. Malo have cumulatively produced almost 400 million gross barrels of oil equivalent (boe), the …

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U.S. LNG Exports Rebound in August on Higher Output From Freeport LNG

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Exports of U.S. liquefied natural gas bounced higher in August as output from the country’s second-largest export facility rose following an outage and maintenance activities at other plants wound down, preliminary data from financial firm LSEG showed on Tuesday. Exports of the superchilled gas rose to 7.48 million metric tons (MT) in August, up from …

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Baker Hughes Announces Leadership Changes to Continue Strategic Growth and Customer Success  

Company Announcements, Energy Topics & Technology, Latest, OFS-Oilfield Services, Press Releases, US News / By

Amerino Gatti appointed as executive vice president of Oilfield Services & Equipment (OFSE) business segment Maria Claudia Borras appointed as chief growth & experience officer Muzzamil Khider Ahmed appointed as chief people & culture officer HOUSTON and LONDON, Sept. 03, 2024 (GLOBE NEWSWIRE) — Baker Hughes Company (NASDAQ: BKR) (“Baker Hughes” or the “Company”) announced …

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