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Americans Brace for Pricey Summer Travel With Fuel Costs Near Multi-Year Highs

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

By Nicole Jao Automobile association expects record 39.1 million to travel by car this weekend Gasoline prices surge due to Iran conflict; Strait of Hormuz closure impacts supply Analysts warn that low inventories, refinery outages and hurricanes could push prices higher NEW YORK, May 21 (Reuters) – Soaring gasoline prices and a looming fuel crunch …

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US Keeps Dakota Access Pipeline Open With Tighter Environmental Checks

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

Army Corps mandates stricter safety, monitoring for Dakota Access pipeline Conditions include enhanced leak detection, water monitoring systems, independent review of pipeline leak No new pipeline segments authorized HOUSTON, May 21 (Reuters) – The Dakota Access oil pipeline can keep operating under stricter environmental and safety conditions, the ‌U.S. Army Corps of Engineers said on …

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ConocoPhillips Says Venezuela’s Bid to Woo Oil Firms Falls Short

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

By Jennifer A Dlouhy The head of ConocoPhillips said Venezuela’s initial steps to attract foreign oil companies that could help revive the nation’s production are falling well short of what’s needed to convince firms to invest. The recent changes to Venezuela’s oil law intended to entice foreign drillers still give the government wide latitude to …

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Canada’s Investment Climate for Oil and Gas Improving, Executives Say

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

(Reuters) – Canada has become more attractive for oil and gas investment under Prime Minister Mark Carney although the cost of doing business remains a challenge that could limit long-term energy sector growth, industry executives said on Thursday. Oil and gas companies, which have long complained that onerous federal regulations and environmental policies in Canada …

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Rubio Says a Hormuz Tolling System Would Make Iran Diplomatic Deal Unfeasible

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

(Reuters) – A diplomatic deal between the United States and Iran would be unfeasible if Tehran implemented a tolling system in the Strait of Hormuz, U.S. Secretary of State Marco Rubio told reporters on Thursday. “No one in the world is in favor of the tolling system. It can’t happen. It would be unacceptable. It …

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US Natural Gas Storage Capacity Rises in 2025, Says EIA

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

(Reuters) – U.S. underground natural gas storage capacity of the 375 active storage fields in the Lower 48 states increased in 2025, according to an annual report by the U.S. Energy Information Administration (EIA) on Thursday. The EIA uses two metrics to assess storage capacity: demonstrated peak capacity, which rose 0.1%, or 6 billion cubic …

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OPEC+ Leaders Expected to Up July Oil Output Target Despite Hormuz Disruption, Sources Say

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

By Ahmad Ghaddar and Olesya Astakhova Seven members likely to raise target by 188,000 bpd, sources say Most cannot meet targets due to Hormuz closure Group-wide OPEC+ policy expected to remain unchanged LONDON, May 21 (Reuters) – Seven leading OPEC+ oil-producing countries ‌will likely agree to a modest hike to July output when they meet …

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UK to Close Tax Loophole, Targeting Oil and Gas Firms’ Profits

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

LONDON, May 21 (Reuters) – British finance minister Rachel Reeves said on Thursday she would stop multinationals, including oil and ​gas firms, from reducing their tax liability by ‌using corporate structures that involve foreign branches. Reeves made the announcement in a speech setting out a range of measures to help British consumers, saying ​the changes …

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Canada’s Energy Industry Meets Here | Global Energy Show, June 9–11, Calgary

Company Announcements, Latest / By

Canada’s Energy Moment Has Arrived With Canada’s energy agenda moving faster than it has in a generation, the past month alone tells the story. A federal-provincial pipeline agreement to the Pacific coast, Enbridge’s $4 billion Sunrise Expansion approved, Shell’s $22 billion acquisition of ARC Resources bolstering LNG Canada Phase 2, and Keyera’s $5.3 billion midstream …

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