Biden Loosens Rules for Hydrogen Subsidies Worth Billions

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

Final rules provide carve-out for existing nuclear power Subsidy has been the subject of intense Washington lobbying The Biden administration loosened some stringent safeguards on a tax credit worth billions of dollars for hydrogen production, after companies argued the rules would stifle domestic manufacturing of the fuel. The tax credit created by President Joe Biden’s …

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Biden to Ban New Oil Drilling Over Vast Stretch of US Atlantic, Pacific Waters

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

Proclamation protects 625 million acres of Pacific, Atlantic Decision complicates any Trump bid to widen offshore drilling President Joe Biden is set to order a ban on new offshore oil and gas development across some 625 million acres of US coastal territory, ruling out the sale of drilling rights in Atlantic and Pacific waters as well as …

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‘Great Deal’: Trudeau Conservative Rival Pierre Poilievre Makes Canadian Energy Pitch to Trump – “We Can Both Win”

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, LNG, Natural Gas, Oil, Pipelines, Tri-Pinned / By

Poilievre says he would ramp up LNG, electricity for US needs Trump has complained about oil-fueled trade gap with Canada Since winning the US election, Donald Trump has taunted Canadian Prime Minister Justin Trudeau by calling him governor of a 51st US state, threatened 25% tariffs, and vented that the US is getting ripped off by its northern neighbor because …

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Goldman Sachs Forecasts Decline in Iranian Oil Supply by Q2

CDN and International News, Conventional Energy, Latest, Oil / By

Goldman Sachs on Friday predicted a modest decrease in Iranian crude oil production as a result of expected policy changes and tighter sanctions from the administration of incoming U.S. President Donald Trump. The investment bank’s base case anticipates a 300,000 barrel-per-day (bpd) drop in Iran’s crude supply to 3.25 million bpd by the second quarter …

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US Winter Storms Could Cause Power Outages, Cut Natgas Supplies

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

(Reuters) – Freezing weather and snow storms across the U.S. could cause massive power outages over the next week and boost natural gas demand to its highest levels of the winter, according to energy analysts and reliability coordinators. The bump in demand comes as supplies of gas could drop due to the freezing of oil …

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US Oil and Gas Rigs Unchanged for Fourth Straight Week – Baker Hughes

Conventional Energy, Latest, Oil, US News / By

(Reuters) – U.S. energy firms this week kept the number of oil and natural gas rigs unchanged for the fourth week in a row, 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, stayed at 589 in the week …

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