Conventional Energy

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North Dakota Drilling, Fracking Activity Steady as Prices Gyrate, State Regulator Says

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

(Reuters) – The number of hydraulic fracturing crews and rigs operating in North Dakota was unchanged in June, even as oil prices have faced increased volatility in recent weeks, the state regulator said on Tuesday during a monthly briefing. There are currently 13 frac crews operating in the state and 32 rigs. Overall, U.S. energy …

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US Senate Parliamentarian Says Oil, Gas Projects Can’t Skirt Environmental Review

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

(Reuters) – The massive U.S. tax and budget bill being finalized by Congress cannot pass a provision that automatically enables offshore oil and gas projects to skip over the federal environmental review process unless it gets at least 60 Senate votes, the body’s parliamentarian said on Monday. This is among the latest provisions that have …

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North Dakota Oil Production Down 22,000 bpd in April vs March to 1,172,000 bpd – State Regulator

Conventional Energy, Latest, Oil, US News / By

(Reuters) – Oil production in North Dakota fell 22,000 barrels-per-day (bpd) to 1,172,000 bpd in April, monthly data from the state Industrial Commission showed. The data was released on the North Dakota Industrial Commission’s monthly index report page and has been rounded to the nearest 5,000 barrels. It may differ slightly from the commission’s general …

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LNG Freight Rates Hit 8-mth Top on Tight Tanker Availability, Mideast Conflict

Conventional Energy, Latest, LNG, US News / By

By Emily Chow and Marwa Rashad LNG Atlantic, Pacific freight rates hit highest since Oct 2024, Spark data shows Europe and Asia are now equally profitable for US cargo deliveries, analyst says Mideast tensions push shipping, insurance costs higher, trade sources say SINGAPORE/LONDON, June 24 (Reuters) – Shipping costs for liquefied natural gas cargoes have …

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COMMENTARY: What Influences Crude Oil More? US Bombs or Iran’s Silent Allies – Russell

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

By Clyde Russell LAUNCESTON, Australia, June 24 (Reuters) – Crude oil’s sharp reversal of the Israel-Iran war premium shows the power of a few words from a key player to move the market, but in doing so it also masks the greater influence of those who stay largely silent. Global benchmark Brent futures plunged after …

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Canadian Oil Sands Production Expected to Reach All-time Highs this Year Despite Lower Oil Prices

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

S&P Global Commodity Insights Raises 10-year Oil Sands Production Outlook for 4th consecutive year CALGARY, AB, June 24, 2025 /PRNewswire/ — S&P Global Commodity Insights has raised its 10-year production outlook for the Canadian oil sands. The latest forecast expects oil sands production to reach a record annual average production of 3.5 million b/d in 2025 (5% …

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Oil-Eating Microbes Offer Tantalizing Clean Hydrogen Solution

Conventional Energy, Latest, Oil, US News / By

Startup Gold H2 has successfully produced hydrogen from a depleted California oilfield, and it’s looking to finalize other pilots around the world. Bloomberg Microbes can break down everything from methane to plastic. Now, a startup is pioneering their use to consume oil and produce clean hydrogen. Houston-based Gold H2 has completed a field trial at a retired oilfield …

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Alberta Premier Expects New Oil Pipeline Proposal Within Weeks

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

Alberta Premier Danielle Smith expects a private-sector firm to propose a new oil pipeline to the British Columbia coast within weeks. The pipeline would reduce producers’ reliance on the US market and allow them to fetch higher prices for their oil, and Smith hopes it will be one of the first projects on the Canadian …

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US Shale Producers Unlikely to Heed Trump’s Call to “Drill, Baby, Drill” as Rally Fades

Conventional Energy, Energy Commentary, Energy Topics & Technology, Exploration & Production, Latest, Oil, Tri-Pinned, US News / By

US shale oil producers are unlikely to increase production in response to President Donald Trump’s call to “Drill, Baby, Drill” and will instead prioritize hedging contracts to lock in revenue. Companies are wary of being caught off guard by another false start in global crude markets and will not spend heavily on new drilling without …

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Enbridge Eyes New Pipeline to Boost Canadian Oil Flows in US

Conventional Energy, Energy Topics & Technology, Latest, Oil, Oilsands, Pinned Primary, Pipelines / By

Enbridge Inc. and Energy Transfer LP are gauging interest in increased pipeline capacity in Illinois to help rising Canadian oil sands production reach more markets in the Midwest and the US Gulf Coast. The Southern Illinois Connector project would transport up to 200,000 barrels of crude a day by reconfiguring and upgrading existing systems and …

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