US News

Auto Added by WPeMatico

Big Oil Sees AI Boom Driving ‘Crazy Demand’ for U.S. Natural Gas

Artificial Inteligence, Energy Topics & Technology, Latest, Natural Gas, US News / By

Bloomberg News A surge in energy demand from technology giants that are rapidly developing cloud computing and artificial intelligence — known as hyperscalers — is becoming a major boon for the fossil fuel industry. That’s was the view of Murray Auchincloss, chief executive officer of BP Plc, who sees the technology sector’s hunger for reliable energy supplies …

Big Oil Sees AI Boom Driving ‘Crazy Demand’ for U.S. Natural Gas Read More »

As America Votes, These Big Energy Projects Hang in the Balance

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

Harris and Trump have both touted the promise of lower energy bills while campaigning for president — but they’ve laid out starkly different visions for how to get them.   The outcome of next week’s US presidential election is poised to have profound implications for a handful of multi-billion-dollar energy projects. Republican Donald Trump, who has …

As America Votes, These Big Energy Projects Hang in the Balance Read More »

Woodside and Tokyo Gas in Discussions Over Stake in US LNG Project

Conventional Energy, Latest, LNG, US News / By

(Reuters) – Tokyo Gas is in talks with Woodside Energy over taking a stake in a multi-billion-dollar Louisiana liquefied natural gas (LNG) export project, according to two people familiar with the discussions. Woodside, an Australian oil and gas producer, this month closed on a $1.2 billion buy of developer Tellurian Inc, which put itself on …

Woodside and Tokyo Gas in Discussions Over Stake in US LNG Project Read More »

US Oil Output Hits Monthly Record High in August, EIA Says

Conventional Energy, Latest, Oil, US News / By

(Reuters) – U.S. oil production rose 1.5% in August to a monthly record high of 13.4 million barrels per day (bpd), the U.S. Energy Information Administration (EIA) said in its monthly oil and natural gas production report. That tops the prior record high of 13.31 million bpd in December 2023, the data showed. In top …

US Oil Output Hits Monthly Record High in August, EIA Says Read More »

US LNG Exports to Rise at Smallest Pace Since 2016

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

(Reuters) – U.S. liquefied natural gas exports this year will rise about 2%, analysts estimate, the smallest annual increase since 2016 when the first big U.S. LNG export plant opened, launching a boom that drove the country’s producers to the top of world gas exporters. Slower gains reflect delays and production outages and the absence …

US LNG Exports to Rise at Smallest Pace Since 2016 Read More »

Struck by Lightning: Ford to Halt F-150 Lightning Production at Michigan Plant

Electric Vehicles, Energy Topics & Technology, Latest, US News / By

While Lightning sales are up this year, they are far short of Ford’s ambitious expectations Bloomberg News Ford Motor Co. plans to shut down the Michigan factory that produces its F-150 Lightning plug-in pickup truck, its signature electric vehicle, through the end of the year as demand for EVs continues to wane. The move is the latest …

Struck by Lightning: Ford to Halt F-150 Lightning Production at Michigan Plant Read More »

Engie to Provide Meta With 260 MW of Energy From U.S. Solar Plant

Latest, Renewable Energy, Solar, US News / By

(Reuters) – Facebook owner Meta Platforms will buy all the output of Engie’s  planned U.S. Sypert solar power plant, the French utility said on Thursday, in line with attempts to use renewable sources to cover a data-led surge in demand. The plant, with an estimated output of 260 megawatts (MW), is expected to start operating in …

Engie to Provide Meta With 260 MW of Energy From U.S. Solar Plant Read More »

ConocoPhillips Reports Third-Quarter Profit Beat, Hikes Production Forecast

Conventional Energy, Latest, Oil, US News / By

(Reuters) – Oil and gas producer ConocoPhillips topped Wall Street estimates for third-quarter profit on Thursday and hiked its full-year output forecast on a boost from higher production, sending its shares up 3% at $106.7 in premarket trading. Commodity price volatility has been in focus in the past few months, driven by several factors including the …

ConocoPhillips Reports Third-Quarter Profit Beat, Hikes Production Forecast Read More »

Shell’s $6 Billion Profit Smashes Forecasts as LNG Offsets Weak Refining

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

Summary Shell extends $3.5 bln share buybacks Strong LNG sales offset drop in refining Debt drops to lowest since 2015 LONDON, Oct 31 (Reuters) – Shell reported on Thursday third-quarter profits of $6 billion that exceeded forecasts by 12% as higher liquefied natural gas (LNG) sales offset a sharp drop in oil refining and trading …

Shell’s $6 Billion Profit Smashes Forecasts as LNG Offsets Weak Refining Read More »

U.S. Saudi Crude Imports Fall as West Coast Refiners Turn to Canada’s TMX Pipeline

Conventional Energy, Latest, Oil, US News / By

U.S. imports of crude oil from Saudi Arabia hit a near four-year low last week, U.S. government data showed on Wednesday, as Canada’s Trans Mountain pipeline sent more oil to the U.S. West Coast. The $24.84 billion Trans Mountain pipeline (TMX) expansion started in May, nearly tripling capacity to Canada’s Pacific Coast to 890,000 barrels …

U.S. Saudi Crude Imports Fall as West Coast Refiners Turn to Canada’s TMX Pipeline Read More »

Subscribe
Subscribe