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(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 …
North Dakota Frac Crew Count Slips to 10 in October, State Regulator Says Read More »
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 …
COMMENTARY: US LNG Export Dominance to be Tested as Sellers Look Beyond Europe Read More »
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 …
Shale Rigs Idle, Layoffs Rise as $60 Oil Tests Resilience of Permian Read More »
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 …
Shale Oil’s Next Revolution Should Worry OPEC – Javier Blas Read More »
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 …
Trump Plan Targets Florida, California for Coastal Oil Drilling Read More »
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 …
Biggest Gas Pipeline Buildout Since 2008 Propels Trump Energy Push Read More »
By Christopher Charleston US midstream companies are racing to expand natural gas liquids export capacity as global buyers show interest in American barrels, but analysts warn that a processing squeeze could slow the system long before cargoes reach the docks. While production of natural gas liquids, or NGLs, continue to reach new record highs — …
As US Expands NGL Exports, Fractionation Capacity Risk Emerges Read More »
By Mayela Armas CARACAS, Nov 20 (Reuters) – Venezuela’s National Assembly on Thursday approved a 15-year extension of the joint ventures between state company PDVSA and a unit of Russia’s Roszarubezhneft that operate two oilfields in the South American country’s western region, according to a session broadcast on TV. The partnerships may continue operating the …
Venezuela Approves 15-Year Extension of Russia-Linked Oil Joint Ventures Read More »
DOE reorganizes to prioritize oil and nuclear over renewables New divisions include Hydrocarbons and Geothermal Energy Office DOE did not say whether jobs would be affected Nov 20 (Reuters) – The U.S. Department of Energy on Thursday announced a reorganization of the agency that prioritizes oil and nuclear resources over offices that had been dedicated …
Trump Energy Department Reorganizes Around Fossil, Nuclear Priorities Read More »
By Ron Bousso Investment in low-carbon energy to reach $2.2 trillion this year Global renewable power capacity is forecast to double by 2030 Trade tensions to nevertheless slow the energy transition LONDON, Nov 20 (Reuters) – Stalled climate negotiations at COP30 and stubbornly high fossil fuel demand reflect the growing market consensus that the energy …
COMMENTARY: Investors Risk Being Hoodwinked by Grim Energy Transition Vibes – Ron Bousso Read More »
