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Chevron does not want to invest in the construction of U.S. LNG plants, as it is not the best use of the company’s capital and it can easily sell its U.S. gas, said a top official on Thursday. The head of Chevron’s midstream, Colin Parfitt, also ruled out taking an equity stake in Woodside Energy’s …
Chevron Not Looking to Invest in Building U.S. LNG Plants Read More »
(Reuters) – Construction contractor Kiewit on Thursday said it has settled a lawsuit with LNG developer Venture Global LNG over disclosures to Shell of information on the Calcasieu Pass LNG plant, the president of Kiewit Energy said. Venture Global on August 2 filed for arbitration against Kiewit alleging it passed confidential documents to Shell in a …
Kiewit Settles Dispute With Venture Global LNG Over Construction Disclosures Read More »
Inventories at this key crude hub at the lowest in a decade for this time of year Bloomberg News Inventories in Cushing, Oklahoma, have been dwindling for the past four months and now sit near the lowest in a decade for this time of year. Photo by Daniel Acker/Bloomberg Oil-storage tanks at a key United States crude …
Canada’s Expanded Trans Mountain Pipeline Has the Tanks at Cushing, Oklahoma Running Dry Read More »
A guide for those watching today’s House Budget Committee hearing, where I will be testifying By Alex Epstein Today I will be testifying for the House Budget Committee at a hearing called “The Costs of the Biden-Harris Energy Crisis.” The main point I’ll be making is that the policy of government-dictated “green” energy, practiced by Biden-Harris and …
COMMENTARY: 12 Myths That Government-Dictated Green Energy is Cheaper Than Fossil Fuels Read More »
Kerry urges industry to back CCUS talk with workable projects Former climate diplomat helped broker fossil COP28 deal John KerryPhotographer: Benjamin Girette/Bloomberg John Kerry, the Biden administration’s former top climate diplomat, said the oil and gas industry must prove carbon capture can play a meaningful role lowering emissions or face a quicker-than-expected transition away from …
Oil Industry Yet to Prove Carbon Capture Viable: Kerry Read More »
Oil prices can rise after an interest rate cut due to several interconnected economic factors: Weaker Dollar: Interest rate cuts often lead to a weakening of the country’s currency, especially the U.S. dollar. Oil is typically priced in dollars on global markets, so when the dollar weakens, oil becomes cheaper for buyers using other currencies, …
Why Oil Prices Can Rise After an Interest Rate Cut Read More »
By Curtis Williams Sept 18 – The current major U.S. expansion in liquefied natural gas exporting terminals and infrastructure will require an additional 400 vessels that can carry the supercooled gas to foreign buyers, Emily McClain, vice president of North America gas markets at research company Rystad Energy, told the Gastech conference on Wednesday. The …
Rystad Estimates 400 Additional LNG Vessels Needed to Meet Current U.S. Export Expansion Read More »
The U.S. is seeking to buy up to 6 million barrels of oil to help replenish the Strategic Petroleum Reserve after a historic sale from the facility in 2022, the Energy Department said on Wednesday. Reuters reported exclusively this week that the solicitation would take place on Wednesday as the administration of President Joe Biden …
U.S. Seeks Up to 6 Million Barrels of Oil for Strategic Reserve Read More »
Chesapeake Energy’s $7 billion acquisition of rival natural gas producer Southwestern Energy is expected to close early in the fourth quarter, CEO Nick Dell’Osso said on Wednesday. The deal was delayed earlier this year after the U.S. Federal Trade Commission requested additional information from the two. Chesapeake announced the all-stock purchase in January and originally …
Chesapeake Energy Says Deal for Southwestern Energy to Close Early in 4Q Read More »
(Reuters) – Energy Transfer said a fire at its natural gas liquid (NGL) pipeline in La Porte, Texas, which started on Monday, continued to safely burn itself out on Wednesday with the flame having diminished overnight. The pipeline was isolated for residual product to burn off, after a massive fire knocked out power to thousands of homes …
Energy Transfer Pipeline Fire Burns for a Third day in La Porte, Texas Read More »
