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Trump’s Cabinet: Who’s Been Picked, Who’s in the Running?

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

Donald Trump has begun the process of choosing a cabinet and selecting other high-ranking administration officials following his presidential election victory. Here are the early picks and top contenders for some of the key posts overseeing defense, intelligence, diplomacy, trade, immigration and economic policymaking. Some are in contention for a range of posts. SUSIE WILES, …

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US Oil Industry Urges Trump to Ditch Biden Climate Policies

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By Nichola Groom Nov 12 (Reuters) – The U.S. oil and gas industry on Tuesday called on President-elect Donald Trump to scrap many of President Joe Biden’s policies aimed at fighting climate change, saying the measures threaten jobs, consumer choice and energy security. The American Petroleum Institute (API), the nation’s top oil and gas trade …

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Exxon to Sell Older Permian Assets to Hilcorp in $1 Billion Deal, Sources Say

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By Shariq Khan and David French Exxon confirms sale of assets, declines to disclose buyer and valuation Hilcorp won auction for the assets with offer of around $1 billion – sources NEW YORK, Nov 12 (Reuters) – Top U.S. oil producer Exxon Mobil Corp (XOM.N) has agreed to sell conventional oil drilling assets in the …

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US Natgas Prices Hold Near 5-Week High as Lower Demand Offsets Weaker Output

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U.S. natural gas futures held near a five-week high on Tuesday as the market took a breather after soaring 9% in the prior session, with forecasts for lower demand than previously expected over the next two weeks offsetting a drop in output and expectations heating demand will rise when the weather turns seasonally cold in …

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US Will Stay in Global Climate Fight Despite Trump, Podesta Says

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John Podesta, the top US negotiator, struck at apologetic note at the opening of this year’s COP29 summit. The top US representative to COP29 defended his country’s progress in cutting planet-warming carbon emissions on Monday, insisting that much of it will endure despite President-elect Donald Trump’s vow to retreat from the fight against global warming. Yet John …

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Elliott Amasses $5 Billion-Plus Stake in Honeywell

Energy Topics & Technology, Latest, Mergers and Acquisitions, OFS-Oilfield Services, US News / By

Investment is the largest ever in a single stock for Elliott Honeywell urged to consider breaking up like industrial peers Elliott Investment Management has built a $5 billion-plus position in Honeywell International Inc. and is pushing the industrial giant to pursue a break up. The activist investment firm wants Honeywell to separate into two standalone companies, one focused …

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Exxon CEO Goes Into the Lion’s Den to Tout Fossil Fuels

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

Darren Woods tells COP that demand will keep rising, and the world needs an energy transition that’s profitable for companies like his. Bloomberg News For the second year running, the chief executive officer of the largest US oil company made an appearance at the COP climate talks. And Darren Woods, seen as a climate criminal by many …

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Trump to Go to Capitol as Republicans Near House Majority

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Republicans eye Washington trifecta with Congress, White House Johnson faces prospect of narrow majority, complicating agenda President-elect Donald Trump will meet with House Speaker Mike Johnson on Wednesday, according to a person familiar with their plans, as Republicans await the prospect of scoring a trifecta in Washington with control of both chambers of Congress and the White House. The …

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U.S. Dependence on Canada’s Oil Should Deter Trump Tariffs, Industry Says

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

Summary Most of Canada’s 4 million bpd of oil exports to go U.S. U.S. cannot easily replace Canadian barrels Stronger U.S. dollar could benefit Canadian producers, says analyst (Reuters) – Canada’s energy industry does not expect U.S. President-elect Donald Trump’s broad plans for protectionist trade measures will include tariffs on Canadian oil imports, because many …

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U.S. Sets Methane Fee on Oil, Gas Emitters as Biden Term Winds Down

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

A flare burns off excess gas from a gas plant in the Permian Basin in Loving County, Texas, U.S., November 21, 2019. REUTERS/Angus Mordant/File Photo Summary Repeal of methane fee likely during Trump presidency Methane fee starts at $900 per metric ton in 2024 Applies to facilities emitting over 25,000 T of CO2 equivalent annually …

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