US News - Today in Oil and Gas

SLB Warns Cautious Oil Explorers Have Slowed Growth in Spending

Conventional Energy, Energy Topics & Technology, EnergyNow News and Press Releases, Exploration & Production, Latest, OFS-Oilfield Services, Oil, US News / By mark

Company expects to beat goal of $3 billion in investor returns Schlumberger is often a bellwether for oil and gas industry SLB headquarters in Houston.Photographer: Mark Felix/Bloomberg SLB, the world’s biggest oilfield services provider, warned that spending growth by oil explorers has waned in the past few months as customers take a cautious approach amid …

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SLB Beats Quarterly Profit Estimates on Steady International Business

Energy Topics & Technology, Latest, OFS-Oilfield Services, US News / By mark

Oct 18 (Reuters) – Oilfield services firm SLB’s (SLB.N) third-quarter profit rose 13% and beat analysts’ estimates on Friday on steady demand for its equipment and technology in international market and from offshore projects in North America. However, the company warned of limited spending by international producers in a weak oil price environment. SLB, which gets 81% …

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Google Says Nuclear is Key to Around-the-Clock Clean Power

Conventional Energy, Latest, Nuclear, US News / By mark

Supporting the development of several advanced small modular reactors Bloomberg News Alphabet Inc.’s Google sees nuclear power as a key part of its strategy to get around-the-clock clean energy to operate artificial intelligence facilities, Michael Terrell, senior director of energy and climate, said on Bloomberg Television. Earlier this week, Google announced its first investment in nuclear power …

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Dissecting the U.S. Methane Regulation Landscape: Key Policies and Future Direction – Methane Mitigation

Company Announcements, Latest, US News / By mark

Exclusive insights for the Oil and Gas industry. Read Now. With ongoing international climate efforts and growing pressure to meet methane emissions reduction targets, 2025 is expected to be a crucial year for evaluating global progress in mitigating the worst effects of climate change. Building on the momentum from previous years, the U.S. remains focused …

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US Crude, Fuel Inventories Fall Last Week, EIA

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

(Reuters) – U.S. crude oil, gasoline and distillate inventories fell last week, the Energy Information Administration said on Thursday. Crude inventories fell by 2.2 million barrels to 420.6 million barrels in the week ended Oct. 11, the EIA said, compared with analysts’ expectations in a Reuters poll for a 1.8 million-barrel rise. Crude stocks at …

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North Dakota Oil Production Up 10,000 bpd in August vs July to 1,179,000 bpd – State Regulator

Conventional Energy, Latest, Oil, US News / By mark

(Reuters) – Oil production in North Dakota rose 10,000 barrels-per-day (bpd) to 1,179,000 bpd in August, monthly data from the state Industrial Commission showed. The data was released on the North Dakota Industrial Commission’s monthly index report page and has been rounded to the nearest 5,000 barrels. It may differ slightly from the commission’s general …

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US Oil Field Production Rises to Record 13.5 Million bpd Last Week – EIA

Conventional Energy, Latest, Oil, US News / By mark

(Reuters) – U.S. weekly oil field production rose by 100,000 barrels per day (bpd) to a record 13.5 million bpd during the week ended Oct. 11, the U.S. Energy Information Administration (EIA) said in its weekly Petroleum Status Report on Thursday. Reporting by Scott DiSavino and Arathy Somasekhar Editing by Marguerita Choy

Cheniere Energy Moves Closer to Starting New Texas LNG Export Operation

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

HOUSTON, Oct 17 (Reuters) – Cheniere Energy (LNG.N) moved one step closer to producing first liquefied natural gas from a Corpus Christi, Texas, expansion project on Thursday after it received permission from federal regulators to put a supply line into operation. Cheniere is the largest U.S. LNG exporter and the world’s second largest producer of …

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LNG Tanker Glut Is Softening Blow for Consumers Facing High Gas Prices

Latest, LNG, US News / By mark

Spot LNG shipping rates are declining atypically this year Vessel additions, trade patterns help curb cost of transport Ships that carry liquefied natural gas are being built faster than new supplies of the fuel can come to market, helping to lower transport costs and cushioning consumers from paying even more for energy this winter. The …

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World Set for Cheaper Energy on Shift From Oil and Gas, IEA Says

CDN and International News, Coal, Conventional Energy, Electricity Grid, Energy Topics & Technology, Latest, Oil, US News / By mark

Demand for all fossil fuels to stop growing this decade World enters ‘Age of Electricity’ with EV sales set to climb The world is heading into an era of cheaper energy prices as a shift towards electricity use leaves behind surpluses of oil and gas, the International Energy Agency predicted. Global demand for all fossil fuels will …

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