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Phillips 66 Faces $900 Million Loss as Iran Crisis Lifts Oil Prices

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

U.S. refiner Phillips 66 said on Monday its first-quarter results were hit by a sharp increase in commodity prices, leaving it with nearly $900 million in pre-tax mark-to-market losses, according to a filing with the Securities and Exchange Commission. Energy prices soared after the U.S.-Israeli war on Iran began in late February. Iran’s effective closure …

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US Crude Exports Test Limits as Shipping Constraints Mount

Conventional Energy, Latest, Oil, US News / By

By Christopher Charleston The war in Iran has sent demand for US oil from overseas toward record levels, bolstering President Donald Trump’s push for “American energy dominance.” But as shipments surge, exports are beginning to run up against their practical limits. Constraints in infrastructure and supply are likely to keep US oil flows well below …

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Venezuela’s Government, Opposition May Cooperate to Safeguard US Assets

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

By Luc Cohen Government and opposition request 45-day pause in US asset seizure case Venezuela seeks to protect assets like Citgo from creditors Judge requests update on legal representation for Venezuela ​by May 21 NEW YORK, April 6 (Reuters) – Venezuela’s government and its political ‌opposition are seeking to coordinate their legal defense of the …

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Investors Press Amazon, Microsoft and Google on Water, Power Use in US Data Centers

Artificial Inteligence, Electricity Grid, Energy Topics & Technology, Latest, US News / By

By Simon Jessop, Valerie Volcovici and Supantha Mukherjee Water, power usage, pollution, land driving protests Trillium Asset Management seeks detail on Alphabet’s climate strategy Investors flag water risk as emerging threat LONDON, April 6 (Reuters) – Amazon, Microsoft and Alphabet’s Google ​have each recently abandoned construction of multibillion-dollar data centers over community opposition and now …

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Iraq Could Restore Oil Exports to Pre-War Level Within a Week if Hormuz Reopens, Basra Oil Chief Says

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

By Aref Mohammed Iraq has had to reduce oil production by around 80% Storage has filled up as Strait of Hormuz closure prevented exports Iraq produces more oil than it exports, giving it scope to increase exports even if some capacity damaged BASRA, Iraq, April 6 – Iraq could restore crude oil exports to around …

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Carbon Capture Edges Forward Despite Cost Challenge

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

By Eduardo Garcia Pockets of carbon capture projects are emerging in U.S. and Europe as developers capitalize on surging power demand and public funding initiatives but costs remain too high for the sector to boom. March 30 – Google’s recent deal to purchase electricity from a planned 400 MW natural gas plant with carbon capture …

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Bridger’s Canada‑Wyoming Crude Line Seen Costing $2 Billion, Topping 1 Million bpd

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Oil, Pipelines / By

(Reuters) – Bridger Pipeline’s proposed project to transport Canadian crude from the U.S.-Canada border to Wyoming would cost about $2 billion and have the capacity to transport more than 1 million barrels of oil per day, according to new details released by the company. The company first outlined plans in January to the Montana Department …

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Trump Says Iran Could be ‘Taken Out’ on Tuesday, Hegseth Says Major Strikes to Come

Latest, US News / By

(Reuters) – U.S. President Donald Trump on Monday told reporters that Iran could be taken out in one night, “and that night might be tomorrow night”, warning Tehran it had to make a deal by Tuesday night or face the consequences. Trump had earlier vowed to enforce a Tuesday night deadline for Iran to agree …

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Buyout Firm ECP to Re-Acquire Nuclear Services Firm EnergySolutions

Conventional Energy, Energy Topics & Technology, Latest, Mergers and Acquisitions, Nuclear, US News / By

By Veena Ali-Khan and David Carnevali Buyout firm Energy Capital Partners has agreed to re-acquire nuclear services firm EnergySolutions from TriArtisan Capital Advisors LLC, according to a statement provided to Bloomberg News. EnergySolutions will be valued at about $2 billion in the transaction, according to a person familiar with the matter who asked not to …

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