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Energy Transfer is suing to block three rival projects Fight threatens to make it even harder to add pipelines in US A legal battle in Louisiana is hobbling construction of three pipeline projects worth more than $2 billion. Yet the litigation isn’t from environmentalists: It’s spearheaded by one of the biggest natural gas pipeline operators …
Pipeline Brawl in Louisiana Rattles Industry Desperate to Build Read More »
Summary The two industry outsiders upending LNG markets Venture Global LNG has shot up the ranks of gas exporters Customers BP, Shell say the pair flout industry norms HOUSTON, June 11 (Reuters) – U.S. liquefied natural gas (LNG) exporter Venture Global LNG this year became one of the country’s largest producers of the superchilled gas …
The Duo Atop the Biggest and Most Contentious U.S. LNG Exporter Read More »
By Paul Carsten LONDON, June 11 (Reuters) – Oil prices were largely steady on Tuesday, as investors waited for U.S. and China inflation data and the outcome of the Federal Reserve’s policy meeting to see how changing prices could hit demand. Brent crude futures fell 14 cents, or 0.2%, to $81.49 per barrel by 1121 GMT, …
Oil Steady as Investors Hold for Fed Meet, Inflation Data Read More »
U.S. natural gas pipeline venture Mountain Valley asked federal regulators on Monday to authorize its Virginia pipeline project to be in service by June 11.The company said in a filing with the Federal Energy Regulatory Commission (FERC) that the final segments of the project were being purged and packed with natural gas. Mountain Valley added …
Mountain Valley Seeks Authorization for Virginia Natgas Pipe Read More »
By John Kemp (Reuters) – U.S. manufacturers are gradually emerging from a prolonged but shallow slowdown over the last two years, but progress has been fitful, and their consumption of diesel remains tepid, which is weighing on oil prices. The Institute for Supply Management’s manufacturing index slipped to 48.7 (22nd percentile for all months since 1980) …
U.S. Manufacturers in Halting Recovery but Diesel Use Tepid Read More »
Summary US jobs data dampens hope for near-term interest rate cuts Goldman Sachs forecasts Brent rise to $86 in third quarter Other analysts expect inventory draws to support prices (Reuters) – Oil prices edged up on Monday, buoyed by hopes of rising fuel demand this summer, though gains were capped by a strengthening of the …
Oil Nudges Higher on Hopes of Summer Fuel Demand Read More »
Azerbaijan has agreed to double gas exports to Europe by 2027 ‘Long list’ of nations asking for gas, deputy minister says Months after the world agreed to transition away from fossil fuels at UN-led climate talks, the demand for natural gas from the host of this year’s COP29 is growing in Europe and elsewhere. Azerbaijan, …
COP29 Host Sees Gas Demand Soar Despite Phase-Out Plans Read More »
(Reuters) – Utility firm Entergy and a unit of NextEra Energy on Friday entered into an agreement to develop up to 4.5 gigawatts (GW)of new solar and energy storage projects. The five-year agreement will help Entergy provide renewable energy to more than 3 million customers in Arkansas, Louisiana, Mississippi and Texas, the company said in a statement. …
Entergy, NextEra to Jointly Develop 4.5 GW of Energy Storage Projects Read More »
(Reuters) – Warren Buffett’s Berkshire Hathaway bought around 2.57 million shares of common stock in Occidental Petroleum over June 5-7, according to a U.S. securities filing. Buffett’s company bought additional shares in Occidental’s common stock for more than $150 million and now owns about 250.6 million shares in the energy producer. Occidental shares closed at $59.48 …
Berkshire Buys Additional 2.57 Million Shares in Occidental Petroleum, Filing Shows Read More »
The U.S. issued two solicitations on Friday to buy a total of 6 million barrels of crude oil for the Strategic Petroleum Reserve as the administration of President Joe Biden replenishes the stockpile following a historic sale in 2022. The Department of Energy said the oil is for delivery to the SPR’s Bayou Choctaw site …
U.S. Seeks 6 Million Barrels of Oil for Strategic Petroleum Reserve Read More »
