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Climate Tech’s Dangerous Trek Across the ‘Valley of Death’

Latest, US News / By

Green innovators too advanced for venture capital but not advanced enough for infrastructure investors are falling through the cracks — and time is running out. An employee in front of a steel furnace at BlueScope Steel Ltd. Port Kembla steelworks in Australia. Photographer: Brent Lewin/Bloomberg By Alastair Marsh Accelerating climate change is forcing humanity to reimagine …

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Williams Can Cross Path of Energy Transfer Gas Pipeline, Court Rules

Conventional Energy, Energy Topics & Technology, Latest, Natural Gas, Pipelines, US News / By

Ruling is latest in battle concerning Louisiana Energy Gateway Energy Transfer owns key stretch of lines in Texas, Louisiana Energy Transfer LP can’t stop Williams Cos. from building a natural gas pipeline across the path of the company’s own conduit in Louisiana, a district court in the state ruled. The by the 42nd Judicial District Court of DeSoto Parish …

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U.S. is Enjoying a Growing Energy Surplus – For Now

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

Soaring production from shale, wind and solar helped create the biggest glut since at least 1949. Yet demand may soon catch up. Energy scarcely got a look-in during last week’s US presidential debate, but its brief mention is still worth a closer look. In response to a question about the events of Jan. 6, 2021, …

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LNG Pioneer Ousted From Tellurian Attempts to Buy Back Stake

Conventional Energy, Latest, LNG, US News / By

Fired co-founder Charif Souki plans to raise $100 million Tellurian is exploring options, sale with other investors Charif Souki said he plans to raise $100 million from investors to buy a stake in Tellurian Inc., the US natural gas development firm he co-founded and which fired him in December. “Various members of my family are already significant …

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Alaska Sues Over Lost Revenues from Biden Canceling Arctic Oil Leases

Conventional Energy, Latest, Oil, US News / By

The state of Alaska has sued the federal government seeking to recover revenues it lost out on after President Joe Biden’s administration canceled oil and gas drilling leases in the federal Arctic National Wildlife Refuge. The state in a lawsuit filed on Tuesday in the U.S. Court of Federal Claims said the cancellation of the …

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U.S. Natgas Stockpiles Seen up 32 Bcf in Week Ended June 28

Conventional Energy, Latest, Oil, US News / By

U.S. utilities likely added a smaller-than-usual 32 billion cubic feet (bcf) of natural gas into storage last week as hot weather prompted power generators to burn more gas than usual to keep air conditioners humming, a Reuters poll showed on Tuesday. That compares with an injection of 76 bcf during the same week a year …

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US, EU Lawmakers Seek International Methane Standard for Oil and Gas

Conventional Energy, Energy Topics & Technology, Latest, Methane, Natural Gas, Oil, US News / By

A group of European Union and U.S. Democrat lawmakers has asked the International Energy Agency to develop international standards for measuring the oil and gas sector’s emissions of methane, to help countries adopt tougher measures targeting the potent greenhouse gas, a letter showed on Tuesday. The EU will impose methane emissions limits on Europe’s oil …

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Exxon-Hess Arbitration Panel Nears Formation, Sources Say

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

The final member has been chosen for a three-person arbitration panel meant to settle Exxon Mobil’s claim against Chevron’s $53 billion purchase of Hess Corp, two people familiar with the matter told Reuters. The panel’s formation would be a milestone in a long-delayed process that has cast uncertainty over the mega-merger, which both Chevron and Hess …

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U.S. Peak Power Pollution Season Gets Underway

Electricity Grid, Energy Topics & Technology, Latest, US News / By

By Gavin Maguire (Reuters) – The month of July kicks off the annual peak period for power emissions in the United States, as higher nationwide temperatures ratchet up use of energy-intensive air conditioners and spur power firms to crank up output from fossil fuels. The July-to-September quarter has marked the quarterly high point for fossil …

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Oil Prices Steady After Large U.S. Crude Inventory Draw

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

(Reuters) – Oil prices steadied on Wednesday after trading higher as industry data showed a bigger-than-expected draw in U.S. crude stockpiles, with gains capped by economic headwinds from China and the euro zone. Brent crude futures inched up 7 cents, or 0.08%, to $86.31 per barrel at 0925 GMT. U.S. West Texas Intermediate crude futures …

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