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US Democrats Launch Bill Holding Oil Firms Accountable for Any Work with OPEC

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

(Reuters) Democratic U.S. lawmakers on Wednesday introduced a bill to hold energy companies accountable if they are found by federal regulators to have colluded with the Organization of the Petroleum Exporting Countries to raise oil prices. The bill, introduced by Senator Edward Markey and Representative Nanette Barragan, says that if any energy company is found by …

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Shale Boss Warns Gas Prices Would ‘Skyrocket’ Under Frack Ban

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

Comments come as Kamala Harris is a contender for White House Harris had previously endorsed fracking, offshore-drilling ban Prices for natural gas would “skyrocket” if fracking was banned. That’s according to Toby Rice, chief executive officer of shale driller EQT Corp., marking one of the first prominent voices in the fossil fuel industry to comment on …

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US Refiners’ Q2 Profits Fall on Low Margins, Soft Fuel Demand

Conventional Energy, Latest, Oil, US News / By

(Reuters) U.S. oil refiners are expected to report sharply lower second quarter earnings from a year ago after a listless summer driving season that weakened refining margins, energy analysts said. Refiners ramped up processing capacity in the three months ended June 30 to 93.5%, compared with 91% in the prior-year period, to meet an expected …

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US Wind Power Falls to 33-Month Low, Generators Burn More Natgas

Latest, Renewable Energy, US News, Wind / By

(Reuters) The amount of electricity produced by wind farms in the U.S. fell to a 33-month low on Monday, forcing power generators to crank up natural-gas fired plants to keep air conditioners humming during a hot summer day. Over the past few years, much of the money energy firms have invested in new generation has …

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U.S. Oilfield Firms Slash Prices as Mega-Mergers Shrink Customer Base

Energy Topics & Technology, Latest, Tri-Pinned, US News / By

*Mega-mergers lead to reduced work for oilfield services companies*Smaller firms with older tech forced to lower prices to stay competitive *Mergers rise as service companies struggle to maintain customer base By Georgina McCartney HOUSTON, July 24 – A wave of mega-mergers among oil producers is forcing the U.S. service companies that drill and hydraulically fracture …

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Explainer: What Are Harris’ Business Views? Friendly to Big Tech, Aggressive in Climate Fight

Energy Commentary, Energy Topics & Technology, Environment, Latest, Pinned Primary, US News / By

(Reuters) – U.S. Vice President Kamala Harris is potentially poised to become the Democratic presidential nominee in the November election. Here are her views and actions related to some key business topics. BIG TECH As a candidate for California attorney general, Harris reportedly assured potential donors that she was “a capitalist.” She has generally been seen as …

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Texas LNG Executes 20-Year Binding Tolling Agreement With EQT

Conventional Energy, Latest, LNG, US News / By

This agreement follows two Heads of Agreement signed by Texas LNG and EQT earlier this year. Tolling agreements are fee-for-service deals in which the gas provider pays the company to convert gas to LNG, which it then sells to its customers. “Glenfarne’s partnership with EQT will bring low-emission natural gas to transitioning and emerging markets, …

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U.S. Natgas Prices Slide 3% on Rising Output, Oversupply in Storage

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

U.S. natural gas futures slid about 3% on Tuesday on rising output and an ongoing oversupply of gas in storage. Analysts said there was still about 17% more gas in storage than normal for this time of year even though injections have been smaller than usual for nine of the past 10 weeks after several …

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U.S. Senators Introduce Bill to Speed Approvals of Energy Projects

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

The top two lawmakers on the Senate energy committee on Monday introduced long-awaited legislation to speed permitting of power transmission, mining and liquefied natural gas export projects. Senators Joe Manchin, an independent who caucuses with Democrats, and John Barrasso, a Republican, said their bill would strengthen the power grid and help keep power prices low. …

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