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TC Energy to Sell Portland Natural Gas Transmission System for $1.14 Bln

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

Reuters March 4 (Reuters) – TC Energy  said on Monday it has agreed to sell Portland Natural Gas Transmission System (PNGTS) to BlackRock  for $1.14 billion as part of its ongoing efforts to reduce debt and fund investments. CEO Francois Poirier had said in 2022 the company planned to raise more than C$5 billion ($3.69 billion) through 2023. The …

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U.S. Funding Bill Blocks China From Buying Oil From Strategic Petroleum Reserve

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

(Reuters) – A measure in the U.S. funding legislation unveiled by congressional leaders on Sunday would block China from buying oil from the Strategic Petroleum Reserve. The desire for a hard line on China is one of the few truly bipartisan sentiments in the deeply divided U.S. Congress, and lawmakers have introduced dozens of bills …

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Oil Steadies After OPEC+ Extends Output Cuts as Expected

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

Summary OPEC+ extend 2.2 mln bpd voluntary oil output cuts through Q2 Russia to cut oil output and exports by another 417,000 bpd Brent spreads widen after OPEC+ announcement LONDON, March 4 (Reuters) – Oil prices were little changed on Monday following the widely expected extension of voluntary output cuts through the middle of the …

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Pennsylvania Governor Urges Biden to Keep Natural Gas Export Pause Limited

Conventional Energy, Latest, LNG, US News / By

Pennsylvania governor has singled out energy as growth driver State also created task force to mitigate threats to election Democratic Pennsylvania Governor Josh Shapiro said the Biden administration’s recent halt in liquefied natural gas export licenses should be limited in time, stopping short of outright criticizing a pause that could undermine job creation in a …

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Chevron Idles Two U.S. Midwest Biodiesel Plants as Profits Slip

Biofuels, Energy Topics & Technology, Latest, US News / By

(Reuters) – Chevron  has indefinitely idled two biodiesel production facilities in the U.S. Midwest, the company confirmed on Friday, citing poor market conditions. The second-largest U.S. oil producer bought biodiesel maker Renewable Energy Group for $3.15 billion in 2022 to expand its renewable fuels production to 100,000 barrels per day by 2030. The deal brought it 10 biodiesel …

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U.S. LNG Exports Fall in February on Outage and Fewer Calendar Days

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A month-long closure at Freeport LNG plant in Texas and fewer days in the month pushed February U.S. liquefied natural gas exports 7% lower than in January, preliminary date from financial firm LSEG showed on Friday. The drop followed record shipments last year that propelled the U.S. to the world’s largest exporter, above Qatar and …

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U.S. Oil and Gas Rig Count Rises to Highest Since September- Baker Hughes

Conventional Energy, Drilling Rigs, Energy Topics & Technology, Latest, Natural Gas, Oil, Tri-Pinned, US News / By

U.S. energy firms this week added oil and natural gas rigs for a second straight week to their highest since September, 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, rose by three to 629 in the week to …

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Record U.S. Oil and Gas Production Keeps Prices Under Pressure: Kemp

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

U.S. production of oil and gas set new seasonal records in December, capping off an unprecedented year, according to data published by the U.S. Energy Information Administration (EIA) on Thursday. Production continued to climb even as prices slumped from the very high levels seen in mid-2022 after Russia’s invasion of Ukraine, contributing to the accumulation …

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ExxonMobil, Shell to Work with Singapore on Carbon Capture and Storage Project

Carbon Capture, Energy Topics & Technology, Latest, US News / By

March 1 (Reuters) – Global energy majors Exxon Mobil and Shell will work with Singapore to develop a cross-border carbon capture and storage (CCS) project, both companies said on Friday. The Singapore-based units of the two companies, ExxonMobil Asia Pacific Pte. Ltd. and Shell Singapore Pte. Ltd., have formed the S-Hub consortium to work with the Singapore …

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US EPA Removes Existing Natgas Plants From Proposed Carbon Rule

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

The U.S. Environmental Protection Agency on Thursday said it will exclude existing natural gas power plants from its proposed carbon regulations that it plans to finalize in April, narrowing the scope of the initial proposal that would have required stringent controls on those facilities. The electric sector had questioned whether the EPA had authority to …

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