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Equitrans Midstream Corp said on Tuesday it expects to complete the construction and final commissioning activities on its Mountain Valley natural gas pipeline by the end of May at an estimated cost of $7.85 billion. That is higher than the $7.57 billion to $7.63 billion cost estimate the company gave in February. Equitrans is the …
Equitrans Boosts Cost Estimate for Mountain Valley Natgas Pipe Read More »
U.S. field production of crude oil rose in February by 578,000 barrels per day to 13.15 million bpd, the biggest monthly increase since October 2021, data from the U.S. Energy Information Administration showed on Tuesday. The increase came as output in North Dakota and Texas recovered from massive production outages in January from extremely cold …
U.S. Oil Output Rose by the Most in Feb Since Oct 2021, EIA Says Read More »
Traders are rushing to fill up storage tanks along the U.S. East Coast with distillate fuels, like diesel and heating oil, data from storage broker The Tank Tiger showed on Monday, a sign of deepening oversupply that is weighing on refiners’ profits. Largely warmer-than-expected winter weather in U.S. Northeast and Europe has cut distillates demand …
Traders Scramble for U.S. Storage as Distillates Demand Disappoints Read More »
President Joe Biden’s lofty 2030 goal is unlikely to be met, but the sector is finally poised for a rebound. Bloomberg Recent headlines on US offshore wind have been grim: big developments delayed or scrapped; billions of dollars in losses; jumbled supply chains; and the potential return of a professed wind-hater to the White House. But at …
America’s Troubled Offshore Wind Push May Yet Take Off Read More »
(Reuters) – The White House on Tuesday reformed the U.S. environmental review process for major projects which officials said would speed up approval of everything from transmission of power from wind and solar farms to semiconductor manufacturing. The reforms are the second and final phase of the administration of President Joe Biden’s adjustments to the …
U.S. Reforms Environmental Law to Speed up Clean Energy, Infrastructure Approval Read More »
(Reuters) – Oil steadied on Tuesday after the previous day’s drop as Israel-Hamas talks offered hopes of a ceasefire even as Red Sea attacks continued, while investors awaited signals on U.S. interest rates ahead of a key meeting on Wednesday. Brent crude futures rose 27 cents, or 0.3%, to $88.67 a barrel at 0830 GMT, …
Oil Steady as Investors Eye Mideast Talks, Rates Meeting Read More »
(Reuters) – Operators drilling for oil in Texas are scrambling to dispose of their excess natural gas amid a supply glut and weak prices, prompting an uptick in flaring requests. The Railroad Commission of Texas (RRC), which regulates the state’s oil and natural gas industry, last week approved 21 exemption requests from operators, mostly in …
Texas Operators Turn to Flaring Amid Weak Gas Prices Read More »
The amount of natural gas flowing to the seven U.S. liquefied natural gas (LNG) export plants was on track to rise by about 5% to a three-week high on Monday as Freeport LNG in Texas started to pull in more feedgas, data from financial firm LSEG showed. The startup and shutdown of Freeport and other …
U.S. Natgas Flows Rise to 3-Week High as Texas Freeport Pulls in More Fuel – LSEG Read More »
The cost of gas at the pump is already up 18% this year, but Congress is urging tougher sanctions enforcement. With only six months to go before the election, President Joe Biden’s strategy to lower gasoline prices is in jeopardy. The administration’s soft approach to sanctions on oil from Iran, Russia and Venezuela has been key …
Biden Strategy to Tame Gas Prices Is in Peril as Iran Sanctions Pressure Mounts Read More »
Plaquemines requests to import cargoes for start-up process The US became the world’s top LNG exporter last year Venture Global LNG Inc. expects to begin production at its second liquefied natural gas export facility in Louisiana in mid-2024, further cementing to the US as the world’s biggest supplier of the super-chilled fuel. The Arlington, Virgina-based …
Next U.S. LNG Export Plant Aims to Begin Production in Mid-2024 Read More »
