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U.S. Lawmakers Seek to Block Chinese Firms From Solar Manufacturing Subsidy

Latest, Renewable Energy, Solar, US News / By

(Reuters) – A bipartisan group of U.S. lawmakers on Wednesday introduced a bill that would block Chinese solar panel makers from claiming subsidies for their American factories. WHY IT MATTERS The American Tax Dollars for American Solar Manufacturing Act was introduced as some of the world’s largest solar panel producers, which are based in China, are …

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JetBlue to Buy Sustainable Jet Fuel For Use at New York Airport

Air Travel, Energy Topics & Technology, Latest, US News / By

By Reuters (Reuters) – JetBlue Airways  said on Wednesday it agreed to procure sustainable aviation fuel (SAF) from a unit of U.S. refiner Valero Energy Corp , which would be distributed by energy firm World Kinect , for use in flights from a New York’s airport. Under terms of the deal, World Fuel Services will provide the fuel …

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Green Hydrogen Fever Gets Needed Doses of Reality

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

(Reuters Breakingviews) – Hot air is seeping out of the green hydrogen bubble. Over the past five years fans of the low-carbon gas have argued it can replace fossil fuel in everything from industrial processes to heating homes to transport. Yet cost and science make many of its applications fanciful. Developments in July at two …

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ConocoPhillips Beats Q2 Profit on Higher Oil Production, Prices

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

(Reuters) – U.S. oil and gas producer ConocoPhillips  posted a second-quarter profit that beat Wall Street estimates on Thursday, benefiting from higher output and oil prices. The beat comes as ConocoPhillips is pursuing a $22.5 billion takeover of Marathon Oil, one of the largest deals of the quarter that is currently under review by the Federal …

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Shell Beats Forecasts With $6.3 Billion Second Quarter Profit

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, LNG, Natural Gas, Oil, US News / By

Summary Profit down 19% quarter on quarter Weak refining margins and trading results weigh Plans a further $3.5 billion in buybacks  (Reuters) – Shell  reported second-quarter profit of $6.3 billion, a drop of 19% from the previous three months as refining margins and oil and gas trading weakened, though still beating analysts’ forecasts. The results were …

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Oil Prices Rise on Risk of Broader Middle East Conflict

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

(Reuters) – Oil prices extended gains on Thursday after the killing of a Hamas leader in Iran raised the threat of a wider Middle East conflict and concern over its impact on oil. Global benchmark Brent crude futures rose 71 cents, or 0.9%, to $81.55 a barrel by 1124 GMT. U.S. West Texas Intermediate crude …

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Chevron’s Proposed Deal for Hess Faces New Delay Over Arbitration Schedule

Conventional Energy, Energy Topics & Technology, Latest, Mergers and Acquisitions, Oil, US News / By

Chevron Corp. N>’s proposed purchase of oil producer Hess faces a lengthy new delay, with an arbitration panel not expected to holding a hearing on the merits of the case until May 2025, the company said on Wednesday. Exxon Mobil in March filed an arbitration claim seeking a pre-emption right to be able to buy Hess’s …

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U.S. Oil and Gas Mergers Continue at Furious Pace in Q2

Energy Topics & Technology, Latest, Mergers and Acquisitions, Pinned Primary, US News / By

By Gary Mcwilliams Big dollar deals like Conoco-Marathon Oil driving activity Average price paid per undeveloped property up 68% this year Exxon’s deal for Pioneer kicked off latest wave of mergers HOUSTON, July 30 (Reuters) – U.S. oil and gas patch deals continued to run hot in the second quarter, topping $30 billion with big …

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U.S. Oil Output Falls in May for the First Time Since January, EIA Says

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

U.S. crude oil production fell in May in its first monthly decline since January, while fell natural gas output decreased to its lowest since February 2023, data from the U.S. Energy Information Administration showed on Wednesday. Crude oil production fell by 61,000 barrels per day (bpd) to 13.18 million bpd in May, as lower output …

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Record U.S. Heat Expected to Boost Demand for Power, Natural Gas

Conventional Energy, Latest, LNG, US News / By

Searing temperatures are expected to break records across the U.S. this week, driving up demand for power and natural gas and prompting electrical grid operators to take steps to keep the lights on during peaking consumption. The lower 48 states are expected to average 83.5 degrees Fahrenheit (28.6 Celsius) on Thursday and 83.9 F on …

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