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Oil Prices Climb as Attacks on Russian Energy Facilities Intensify

Conventional Energy, Latest, Oil, US News / By

Summary Ukraine attacks more Russian energy infrastructure over weekend Both benchmarks end last week higher Eyes on monetary policy in major economies this week (Reuters) – Oil benchmark Brent hovered just under the $86 a barrel mark on Monday, extending last week’s gains, as Ukraine increased its attacks on Russian energy infrastructure. Brent crude oil …

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CERAWEEK 2024: Oil Mergers, Clean Fuels vie for Attention at Houston Energy Conference

Biofuels, Carbon Capture, Conferences, Conventional Energy, Energy Topics & Technology, Events, Exploration & Production, Latest, LNG, Mergers and Acquisitions, Natural Gas, Oil, Trade Shows, US News / By

HOUSTON, (Reuters) – Top oil executives and ministers descend on Houston this week for one of the world’s biggest energy conferences emboldened by blockbuster mergers, stable oil prices and less pressure for a large-scale move to clean fuels. Global oil prices have remained in a range between $75 and $85 per barrel, a level fueling …

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CERAWeek’s Yergin on What to Expect at Big Energy Conference

Biofuels, Carbon Capture, Conferences, Electricity Grid, Energy Topics & Technology, Events, Finance, Latest, Pinned Primary, Trade Shows, US News, Webinars / By

Meeting demand and transitioning to clean energy amid geopolitical tensions will dominate conversations among industry heavyweights at CERAWeek in Houston next week. More than 7,000 people are headed to Houston this week to attend CERAWeek by S&P Global with a key question in mind: How to meet increasing demand for power amid the transition to …

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U.S. Appeals Court Temporarily Pauses SEC Climate Disclosure Rules

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 A U.S. appeals court on Friday temporarily paused new rules issued by the Securities and Exchange Commission (SEC) requiring public companies to report climate-related risks. The New Orleans-based 5th U.S. Circuit Court of Appeals granted a request from Liberty Energy Inc. and Nomad Proppant Services LLC to put the rules on hold while it considers …

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Biden Set to Crack Down on Auto Emissions to Accelerate EV Sales When the Country Simply Isn’t Ready

Electric Vehicles, Energy Topics & Technology, Latest, Pinned Primary, US News / By

EPA expected to finalize tailpipe emission limits within days Formula for calculating electric vehicle fuel use also coming The Biden administration is preparing to roll out the toughest-ever limits on pollution from the nation’s cars and light trucks after making changes likely to mollify some automakers. Emissions limits set to be finalized by the Environmental …

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Exxon-Led Group Strikes New Oil and Gas Discovery Off Guyana

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Oil, US News / By

Exxon Mobil on Friday disclosed a new oil and gas discovery in the prolific Stabroek block offshore Guyana, the company’s first announced discovery in the South American country this year. The Bluefin discovery joins more than 30 already since 2015 in the Stabroek block, an 6.6 million acre (26,800 square kilometers) area that has been …

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U.S. Drillers Add Most Oil and Gas Rigs in a Week Since September – Baker Hughes

Drilling Rigs, Energy Topics & Technology, Latest, US News / By

U.S. energy firms this week added the biggest number of oil and natural gas rigs in a week since September, with the oil rig count also rising to its highest in six months, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator …

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U.S. Natgas Prices Head for Weekly Fall on Mild Weather Outlook

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

U.S. natural gas futures fell more than 3% on Friday and were poised for a second straight weekly fall, pressured by forecasts for mild weather leading to lower gas demand for heating. Front-month gas futures for April delivery on the New York Mercantile Exchange fell 5.4 cents, or 3.1%, to $1.69 per million British thermal …

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Biden’s LNG Freeze Delaying Projects and Risking U.S. Market Share

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, LNG, Tri-Pinned, US News / By

At least two exporters have pushed back investment decisions Asian buyers are becoming reluctant to sign on to US plants The Biden administration’s pause on new licenses for liquefied natural gas exporters is already stalling progress for projects that were aiming to come online later this decade. Several LNG buyers have delayed signing new long-term …

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Strained Texas Power Grid Is Poised to Lose a Big Gas Plant

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

The Texas power grid is poised to lose a big natural gas-fired power plant, potentially straining a system that’s already grappling with an exodus of fossil fuel generation. CPS Energy plans to “indefinitely suspend operations” of three units of the V.H. Braunig facility totaling 859-megawatts by March 31, 2025, according to a notice posted by the Electric …

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