Conventional Energy

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BlackRock Says Coal Competition Case Risks US Energy Independence

Coal, Conventional Energy, Latest, US News / By

By Simon Jessop LONDON, May 23 (Reuters) – U.S. government support for a “baseless” case alleging asset managers conspired to reduce competition in the coal sector risks undermining its goal of energy independence, BlackRock (BLK.N), the world’s biggest asset manager, said on Friday. The U.S. Department of Justice and Federal Trade Commission on Thursday filed …

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Exxon, Hess to Face Off Over Chevron Deal for Oilfield Riches

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

By Sheila Dang Arbitration tribunal under ICC to analyze dispute in confidential hearing in London Chevron acquisition of Hess hangs in the balance Resolution expected by end of third quarter, faster than typical ICC arbitration HOUSTON, May 23 (Reuters) – Top U.S. oil producer Exxon Mobil (XOM.N) and Hess (HES.N) will meet face-to-face on Monday …

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A 4-YEAR LOW – US Drillers Cut Oil, Gas Rigs to Lowest Since November 2021, Baker Hughes Says

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

U.S. energy firms this week cut the number of oil and natural gas rigs operating for a fourth week in a row, bringing the count to the lowest since November 2021, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future …

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US Natgas Prices Climb 2% on Lower Output, Hot Summer Forecasts

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

U.S. natural gas futures climbed about 2% on Friday ahead of the long U.S. Memorial Day holiday weekend on a drop in output so far this month and forecasts for hotter-than-normal weather this summer that should boost the amount of gas power generators burn to keep air conditioners humming. Gas futures for June delivery on …

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Ending the Week – Oil Gains on Short-Covering, Nuclear Talks

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

Oil gains on short-covering, nuclear talks Summary Higher tariffs could hit oil demand growth, analysts say Brent and WTI down more than 2% this week Market braces for another OPEC+ output increase in July (Reuters) – Oil prices gained on Friday as U.S. buyers covered positions ahead of the three-day Memorial Day weekend amid worries …

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Saudi Aramco Seeks Investors in Jafurah Infrastructure Assets, Sources Say

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

(Reuters) – Saudi oil giant Aramco is seeking investors in infrastructure, including pipelines, for its $100 billion Jafurah gas project, two people familiar with the matter told Reuters. The Jafurah project is key to Saudi Aramco’s ambitions to become a major global player in natural gas and to boost its gas production capacity by 60% …

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EU Eyes Nord Stream 2 Sanctions to Stamp Out Russian Gas Return

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

By Ewa Krukowska, Alberto Nardelli, and Anna Shiryaevskaya A gas receiving compressor station for the Nord Stream 2 pipeline in Lubmin, Germany. Photographer: Krisztian Bocsi/Bloomberg The European Union is nearing a decision to include the Nord Stream 2 gas pipelines linking Germany and Russia in a fresh proposal of sanctions against Moscow amid persistent rumors …

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Shell Expects More LNG exporters to Turn into Net Importers, Drive Demand

Conventional Energy, Latest, LNG, US News / By

Energy major Shell expects several traditional LNG exporter nations to turn into net importers, driving demand for the super chilled fuel and potentially easing concerns that the industry faces oversupply from a raft of planned new projects. Cederic Cremers, Shell’s executive vice president for LNG, told Reuters that Indonesia, Malaysia, and Algeria are likely to …

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US Invites Asian Officials to Alaska, Eyes $44 Billion LNG Project

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

Summary Energy, Interior secretaries to host June 2 event in Alaska Officials from Taiwan, South Korea, Japan invited Trump pushing allies to invest in long-delayed project (Reuters) – The U.S. has invited officials from Japan, South Korea and Taiwan to Alaska to discuss projects including a vast gas pipeline, two people familiar with the planning …

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Oil Heads for First Weekly Loss Since April on OPEC+ Supply Hike Expectations

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

Summary Brent, WTI down 2% on the week Market braces for another OPEC+ output hike in July Iranian nuclear deal talks in focus, fifth round on Friday (Reuters) – Oil prices dropped for a fourth consecutive session on Friday and were set for their first weekly decline in three weeks, weighed down by rising expectations …

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