Conventional Energy

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New Texas Wastewater Rules Could Boost Costs for Oil Producers

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

Summary New wastewater permitting rules to raise costs for Texas producers Water disposal costs to rise 20-30% in Delaware formation – B3 Insights Costly new infrastructure, permit delays to hit small operators most (Reuters) – New guidelines on permitting for wastewater disposal wells in Texas are threatening to drive oil producers’ costs higher as companies …

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US Sees Oil Output Falling in 2026 in Blow to Trump’s Agenda

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By Mia Gindis and David Wethe The US sees domestic crude production declining next year for the first time since 2021 in a blow to US President Donald Trump’s push for American energy dominance. Output is now expected to slip to 13.37 million barrels a day in 2026 from about 13.42 million barrels a day …

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Shale Drillers in Permian Basin Face Up to the Prospect of Peak Output

Conventional Energy, Latest, Oil, US News / By

A key data release may underline how the US oil industry is reining in production growth in response to lower prices. Are we close to peak shale production? In the weeks since OPEC+ members agreed to ramp up output, the mood in the US oil business has shifted rapidly. At an industry gathering this week in …

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CEO Seeking to Puild Pennsylvania LNG Terminal Meets With White House

Conventional Energy, Latest, LNG, US News / By

The CEO of a company seeking to build a liquefied natural gas terminal near Philadelphia told Reuters on Wednesday he met officials at the White House this week to “provide intelligence” about the project in the works for years despite local opposition. Penn America Energy Holdings wants to export 7.2 million tons a year of …

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Oil Steady After US Stockpile Build, Saudi Arabia Price Cuts

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Summary US gasoline, distillate stocks post big weekly builds Saudi Arabia cuts prices for Asian crude buyers to 2-month low Bearish economic outlook weighs on oil prices, analysts say LONDON, June 5 (Reuters) – Oil prices steadied on Thursday after falling more than 1% the previous day because of a build in U.S. gasoline and …

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Canadian Oil Sands Company Restarts Operations as Wildfire Risk Lessens

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

(Reuters) – Canadian Natural Resources has restarted its Jackfish 1 oil sands site in northern Alberta after determining wildfires in the region are a safe distance away. The company said its operations will ramp up over the next several days, targeting full production of approximately 36,500 bpd by June 6. Canadian Natural evacuated non-essential workers …

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Saudi Arabia Cuts July Oil Prices to Asia to 4-year Low After OPEC+ Supply Boost

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

(Reuters) – Saudi Arabia, the world’s biggest oil exporter, cut its prices for Asian crude buyers close to the lowest level in four years on Wednesday, in what the market sees as the country’s attempt to regain market share. Saudi Arabia has pushed OPEC+ this year to raise its output targets ahead of schedule. OPEC+ …

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US Crude Stockpiles Fall, Fuel Builds as Refiners Hike Output, EIA says

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(Reuters) – U.S. crude oil stockpiles fell last week as oil refiners ramped up production with the start of the summer driving season, while fuel inventories rose amid weaker demand, data from the Energy Information Administration showed on Wednesday. Crude inventories fell by 4.3 million barrels to 436.1 million barrels in the week ended May …

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Airlines Must Ink Long-Term Deals on Greener Fuels to Boost Volumes

Air Travel, Conventional Energy, Energy Topics & Technology, Latest, US News / By

(Reuters) – Airlines need to reach long-term agreements to buy bigger quantities of sustainable aviation fuel if they want to boost global volumes of the lower-emission fuel required for industry climate targets, a Bayer executive said on Tuesday. Airline members of the International Air Transport Association are sticking to a target of net zero emissions by 2050 …

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Petronas Reportedly Exploring Sale of US$7 Billion Canadian Business

CDN and International News, Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Mergers and Acquisitions, Natural Gas, Oil / By

The company may also consider selling a minority stake in the business, depending on valuation Bloomberg News Petroliam Nasional Bhd. is considering options for its Canadian company formerly known as Progress Energy Resources Corp., including a sale, according to people familiar with the matter. Petronas, as the Malaysian state energy firm is known, is working with a …

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