Deep Freeze Hits U.S. Oil Industry From North Dakota to Texas

Summary Texas refineries report malfunctions as equipment freezes Some refineries performing overhauls planned months ago HOUSTON, Jan 16 (Reuters) – A severe winter storm shut a U.S. Gulf Coast refinery in Texas on Tuesday, triggered malfunctions at others and halved North Dakota oil production as it dumped snow and rain across a broad swath of …

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Biden Urged to Use Obscure Law to Thwart TC Energy Pacific Northwest Pipeline Expansion

Activists tout decades-old law to advance climate agenda TC Energy plans expansion of gas pipeline in Pacific Northwest Joe Biden Environmentalists are urging the White House to use an obscure legal tool to thwart TC Energy Corp.’s planned expansion of a natural gas pipeline in the Pacific Northwest that they say would stoke climate change. The …

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U.S. Oil Output Due to Drop in February for Fifth Straight Month, EIA Says

U.S. oil output from top shale-producing regions is due to decline in February for the fifth consecutive month, the U.S. Energy Information Administration (EIA) said in a monthly report on Tuesday. Oil output is set to fall to 9.68 million barrels per day (bpd) next month, driven by declines in the Eagle Ford and Bakken …

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Deep Freeze Triggers U.S. Gulf Coast Refinery Shutdown

 TotalEnergies’ 238,000 barrel-per-day (bpd) refinery in Port Arthur, Texas, was examining units after a plantwide power outage on Tuesday morning as a winter storm brought frigid temperatures to the U.S. Gulf Coast, sources familiar with the company’s operations said.Flint Hills Resources said its 343,000-bpd refinery in Corpus Christi, Texas, sustained significant impacts from unseasonably cold …

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U.S. Natural Gas Demand Eyes Record as Arctic Blast Dents Output

U.S. natural gas supplies fell to near a 13-month low on Monday as an Arctic blast across much of the country froze wells, while demand for the fuel for heating and power generation was set to hit a record high on Tuesday. In Texas, meanwhile, the state’s power grid operator, the Electric Reliability Council of …

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How To Keep Your Digital Energy Job Even If Your Company is Acquired – Geoffrey Cann

Go from survive to thrive in a few easy steps. By Geoffrey Cann If you’re working on a digital innovation when your oil and gas company has been acquired, you’re at risk, and you need a plan. Why The Industry Is In Turmoil Let’s be frank. The oil and gas industry is the poster child for a fast turning …

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Biden Walks Political Tightrope on U.S. Oil Boom

Original Article Published in the Hill As U.S. oil production booms, President Biden finds himself on a tightrope between courting moderate voters and maintaining enthusiasm among progressives. Domestic oil production is projected to hit record highs this year. That fact could be used to parry Republican attacks on the administration’s energy agenda as Biden seeks reelection, …

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Market to be Short Oil From 2025 Onwards, Occidental CEO at Davos

The oil market could be heading for a supply crunch from 2025 onwards as oil exploration fails to keep pace with demand, Occidental Petroleum Chief Executive Vicki Hollub said on Tuesday. Hollub, who spoke on the sidelines of the World Economic Forum in Davos, said U.S. WTI crude prices could trade in the $80-$85 a …

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Climate Activists in Norway Disrupt Gathering of Oil Chiefs

Bloomberg Protesters calling for an end to oil and gas exploration by Europe’s biggest supplier of natural gas have blockaded a planned gathering of oil executives and politicians in southern Norway. About 35 demonstrators from Extinction Rebellion blocked the entrance of the Scandic Park Sandefjord, making it impossible for some conference attendees to enter ahead …

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Texas Sets New Electricity Record, Faces More Tests From Freeze

Ercot urges people to conserve energy Tuesday morning Texas grid holds up Monday despite record demand for winter Texas faces another power grid test Tuesday after surviving record winter demand as freezing weather strains electricity systems across North America. While the state’s grid held up Monday, its operator issued a conservation plea for 6 a.m. …

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