US News - Today in Oil and Gas

SLB Says its Russia Business Aligns With New US Sanctions as Revenue Drops

HOUSTON/WASHINGTON, Jan 17 (Reuters) – Oilfield service provider SLB (SLB.N), opens new tab on Friday said its current business in Russia still aligns with U.S. sanctions issued this month, but that revenue in the country was declining. The world’s largest oilfield service company is one of the few Western firms to remain in Russia after …

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Biden Boosts Loan for ioneer’s Nevada Lithium Mine to Nearly $1 Billion

Critical Minerals, Energy Topics & Technology, Latest, Minerals, US News / By mark

By Ernest Scheyder Loan increased due to inflation and bigger lithium deposit Rhyolite Ridge to produce 22,000 metric tons of lithium annually Biden administration confident US lithium needs can be met by by 2030s Shares of ioneer gain more than 15% Jan 17 (Reuters) – The U.S. Department of Energy has finalized a $996 million …

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North Dakota Rig Count Slips to 31 from 37 in December, Regulator Says

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(Reuters) – Oil operators in North Dakota, the third-largest oil producing U.S. state, are operating fewer rigs than last month, the state’s Industrial Commission said on Friday. The rig count has dropped to 31 from 37 in December, said Nathan Anderson, director of the North Dakota Department Of Mineral Resources. Active frac crews remain at …

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US Drillers Cut Oil and Gas Rigs to Lowest Since Dec 2021, Baker Hughes Says

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(Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row to the lowest since December 2021, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, …

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The US Gas Comeback Is Real

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Investors are warming up to the sector with an eye on Big Tech demand. By Liam Denning Let it rip.Photographer: Rebecca Droke /AFP New Yorkers bowing their heads into a cutting wind is typically a bullish sign for natural gas prices, and this January is no exception. The rally extends beyond immediate conditions, though, with …

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Burning Teslas Add to Toxic Pollution Delaying L.A. Return

Batteries, Electric Vehicles, Energy Topics & Technology, Latest, US News / By mark

The L.A. wildfires have taken at least 27 lives and destroyed thousands of homes As the smoke clears from devastating Los Angeles wildfires, efforts to clean up the affected areas are being complicated by burnt-out electric and hybrid vehicles and home-battery storage systems. Lithium batteries from Tesla Inc., along with those from other carmakers, have …

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Fire at Massive Battery Plant in California Forces Evacuations

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As of late Thursday, a few dozen people were at a temporary evacuation centre This image from video shows flames rising after a major fire erupted Thursday afternoon at the Moss Landing Power Plant, located about about 124 kilometres south of San Francisco, Thursday, Jan.16, 2025. Photo by KSBW via AP MOSS LANDING, Calif. — …

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The US Role in World Trade as Trump Returns to Office

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(Reuters) – U.S. President-elect Donald Trump, after his inauguration on Monday, is expected to swiftly usher in a wide range of tariffs, which could dramatically upend the movement of goods and services in coming years. Trump has made tariffs, which were key to American tax revenue collection in the 19th century, a primary plank of …

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US NatGas Prices Drop 5% From 2-Year High on Milder Late Jan Weather Forecasts

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

(Reuters) – U.S. natural gas futures dropped about 5% on Friday from a two-year high in the prior session on forecasts for milder weather in late January and early February that should cut demand for gas for heating. This weekend, however, extreme cold weather over the Martin Luther King Jr. and Inauguration Day holidays was …

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Higher US LNG Exports Under Trump Will Benefit Japan, Says Utilities Chief

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(Reuters) – A potential increase in U.S. fossil fuels production and liquefied natural gas exports under Donald Trump’s incoming presidency could result in lower fuel prices, benefiting Japan, the head of the country’s utilities federation said on Friday. Trump has made clear he intends to swiftly lift a moratorium on new LNG export permits imposed …

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