USGS: 47 MMbbl of Oil, 876 Bcf of Gas in Conventional Rockies’ Basins
The U.S. Geological Survey surveyed areas where potential hydrocarbons in as yet undiscovered oil and gas formations in the Wind River, Bighorn and Powder River basins.
Energy Executives Bask in Trump Sun But Ignore Cheap Energy Pitfall: Bousso
Trump’s administration vows to support U.S. drillers But low oil prices threaten activity Energy transition shifts to ‘energy additions’ amid rising demand By Ron Bousso (Reuters) – Donald Trump’s return to the White House caused “animal spirits” to soar in the oil and gas sector, and these vibes were palpable in the halls of the …
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Natgas Key to Meeting Rising US Power Demand, FERC Chairman Says
(Reuters) – U.S. Federal Energy Regulatory Commission Chairman Mark Christie said on Thursday that natural gas-fired power will be crucial to meet rising U.S. electricity demand – a situation that requires a big increase in gas pipeline capacity, as well as new power plants. “We’re going to build combined-cycle gas to meet this load from …
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US Imposes Sanctions on Iranian Oil Minister, Shadow Fleet
(Reuters) – The United States imposed sanctions on Thursday on Iran’s oil minister Mohsen Paknejad and some Hong Kong-flagged vessels that are part of a shadow fleet that helps disguise Iranian oil shipments, the Treasury Department said. Paknejad “oversees the export of tens of billions of dollars’ worth of Iranian oil and has allocated billions …
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Record OPEC+ Fuel Exports Blunt Group’s Crude Supply Cut
By Ahmad Ghaddar OPEC+ supply targets only cover unrefined crude Increased fuel exports means more oil reaches market than required, analyst says Economic weakness in biggest importer China has curbed demand Exporting refined products gives countries increased global reach LONDON, March 13 (Reuters) – OPEC+ has exported a record amount of refined products, blunting the …
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US Wind and Solar Still Have Room to Grow for Data Centers, Microsoft VP Says
By Laila Kearney HOUSTON, March 12 (Reuters) – U.S. wind and solar development still has significant room for expansion to power data centers, particularly in the Midwest wind corridor and sunny southwest, Microsoft Vice President of Energy Bobby Hollis told Reuters at the CERAWeek energy conference in Houston on Wednesday. The quick proliferation of Big …
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Commodities Tune Out of Trump’s Noise to Trade Fundamentals
By Clyde Russell LAUNCESTON, Australia, March 13 (Reuters) – Dial out the noise and focus on the fundamentals is a tactic that may work best for global commodity markets as they navigate the mounting challenges posed by U.S. President Donald Trump’s erratic and inconsistent trade policies. While the media focus on each headline-grabbing announcement and …
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Trump Tariffs: Canada Looks East, West in Lieu of Exporting to US
“Don’t be surprised if you see a lot of [Canadian] trade missions moving beyond North America,” an Ontario official said in a panel discussion on tariffs at CERAWeek by S&P Global.
Chevron Technology Ventures Would Like to See the Manager
Chevron Corp.’s Chevron Technology Ventures, which turns 25 this year, pays close attention to leadership teams when making investment decisions in technology startups.
Enverus Acquires Pearl Street Technologies to Help Bolster Grid
The acquisition of the spinout from Carnegie Mellon University strengthens Enverus’ suite of offerings as it expands deeper into power and energy transition solutions, the company says.