Conventional Energy

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U.S. Oil Companies, Energy Investors ‘Looking at Canada Again’ Amid Flurry of Deals

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

Baytex Energy announced the sale of its U.S. shale operations for $3.25 billion last week By Meghan Potkins Original: financialpost.com/news/us-oil-companies-energy-investors-canada-deals A flurry of recent deals in the Canadian oilpatch that caught the interest of U.S. producers and private capital is fuelling speculation about a revival of foreign investment in Canada’s perennially unloved energy sector. Calgary-based …

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US Natgas Futures Up 2% on Near-Record LNG Flows and Cold December Forecast

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

(Reuters) – U.S. natural gas futures climbed about 2% to a one-week high on Friday with flows to liquefied natural gas export plants back near record highs on the expected return to full service of Freeport LNG’s plant in Texas and on a planned jump in demand in two weeks with the coming of some …

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Oil Prices Settle Down at Lowest in a Month as US Seeks Russia-Ukraine Peace Deal

Conventional Energy, Latest, Oil, US News / By

Summary Russia-Ukraine peace deal could boost global crude supply Stronger dollar weighs on oil prices US sanctions on Lukoil and Rosneft to take effect on Friday (Reuters) – Oil prices eased about 1% on Friday to settle at one-month lows as the U.S. pushed for a Russia-Ukraine peace deal that could boost global oil supplies, …

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US Drillers Add Oil and Gas Rigs for Third Week in a Row, Says Baker Hughes

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

(Reuters) – U.S. energy firms this week added oil and natural gas rigs for a third week in a row for the first time since September, 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, rose by five to …

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North Dakota Frac Crew Count Slips to 10 in October, State Regulator Says

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

(Reuters) – HOUSTON, Nov 21 – There are 10 hydraulic fracturing crews operating in North Dakota, down from 13 in October, the state regulator said on Friday, as weak oil prices push operators to put the brakes on activity. “This is seasonal however I do believe that some of the reduction there is related to …

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COMMENTARY: US LNG Export Dominance to be Tested as Sellers Look Beyond Europe

Conventional Energy, Latest, LNG, US News / By

By Gavin Maguire LITTLETON, Colorado, Nov 21 (Reuters) – A potent mix of American ingenuity and full-throated political backing has propelled the U.S. to the top of global LNG exporter rankings, and promoted a narrative that shipments of “freedom gas” will continue climbing to all markets for years to come. But while U.S. liquefied natural …

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Shale Rigs Idle, Layoffs Rise as $60 Oil Tests Resilience of Permian

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

Summary Permian Basin starts to show economic strain as oil prices hover around $60 Trump’s tariffs are pushing costs higher, eating into profitability Local businesses and employment suffer amid industry downturn Reuters) – At the heart of the U.S. shale industry in Texas, oil production is climbing. But you wouldn’t know that if you talked …

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Shale Oil’s Next Revolution Should Worry OPEC – Javier Blas

Conventional Energy, Latest, Oil, US News / By

By Javier Blas Even after years of technological breakthroughs, the shale industry still leaves most of the oil underground. At best, American drillers siphon away 15% to 10% of what’s potentially available; the rest has remained thousands of feet under the surface. Until now. The next phase of the revolution — call it shale 4.0 …

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Trump Plan Targets Florida, California for Coastal Oil Drilling

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

By Ari Natter The Trump administration is proposing to open new areas off of California, Florida and Alaska to crude drilling as part of a draft blueprint released Thursday that would dramatically expand the sale of oil and natural gas rights. In all, the Interior Department is proposing as many as 34 offshore lease sales …

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Biggest Gas Pipeline Buildout Since 2008 Propels Trump Energy Push

Conventional Energy, Energy Topics & Technology, Latest, LNG, Natural Gas, Pipelines, US News / By

By Emma Sanchez The biggest natural gas pipeline boom in nearly 20 years is unfolding in the US South as companies build systems to feed massive export terminals rising along the Gulf of Mexico. As many as 12 projects to install new pipelines or expand existing ones are on pace to be completed next year …

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