Conventional Energy

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Venture Global Proposes Larger Expansion at Plaquemines LNG Facility, Filing Shows

Conventional Energy, Latest, LNG, US News / By

Venture Global wants to expand its Plaquemines LNG export facility by 24.8 million metric tons per annum (mtpa), almost 6 mtpa more than it originally proposed just four months ago, according to a regulatory filing issued late on Monday. Venture Global is already constructing the United States’ second-largest LNG plant in Plaquemines Parish, Louisiana, and …

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Oil Prices Gain on Demand Expectations amid Improving Economy

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

(Reuters) – Oil prices rose on Wednesday on expectations of steady demand in the U.S. and China, the world’s two largest oil users, amid an improving economic outlook. Brent crude futures rose 29 cents, or 0.42%, to $69 a barrel by 0105 GMT. U.S. West Texas Intermediate crude futures were up 40 cents, or 0.6%, …

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Four Injured After Fire at Chevron Pascagoula, Mississippi Refinery

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

July 15 (Reuters) – Four contract workers were injured after a fire at Chevron’s (CVX.N) 356,440 barrels-per-day (bpd) Pascagoula, Mississippi refinery on Monday, the company said in an email statement. An incident at the refinery’s wastewater treatment area led to the fire, a Chevron spokesperson said. The spokesperson added that the fire was extinguished quickly …

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Oil Slips as Trump’s 50-Day Deadline for Russia Eases Supply Fears

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By Stephanie Kelly Potential sanctions on Russia could alter oil market outlook, ING analysts note China’s economic data supportive for prices despite global growth concerns NEW YORK, July 15 (Reuters) – Oil prices dropped by less than 1% on Tuesday after U.S. President Donald Trump’s 50-day deadline for Russia to end the war in Ukraine …

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Blackstone to Invest $25 bln in Data Centers and Natural Gas Plants, COO Says

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

(Reuters) – Asset management firm Blackstone will announce on Tuesday a $25 billion investment in data centers and energy infrastructure in Pennsylvania, Chief Operating Officer Jon Gray said at a panel at the Energy and Innovation Summit in Pittsburgh. Gray said Blackstone had identified several sites to build large data centers and would also later …

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COMMENTARY: Markets Call Trump’s Bluff on Russian Oil Sanctions in Increasingly Risky Game – Bousso

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

By Ron Bousso Oil markets discount risk of Trump hitting Russia with secondary sanctions Russia produces nearly 10% of global oil, is the third largest exporter Secondary sanctions could lead to severe energy price shock, inflation LONDON, July 15 – U.S. President Donald Trump’s threat to choke off Russia’s oil revenue via secondary sanctions would …

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US Delays Rule on Gulf of Mexico Whale Protections by Two Years

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

Summary Legal agreement delays Rice’s whale critical habitat designation until 2027 Delay follows legal disputes over oil and gas drilling impacts on endangered whale Fewer than 100 Rice’s whales remain in Gulf of Mexico July 14 (Reuters) – U.S. President Donald Trump’s administration will delay by two years a final rule designating protections for the …

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US Natgas Prices Jump 5% to 1-Week High on Hotter Weather Forecasts, Rising LNG Exports

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

(Reuters) – U.S. natural gas futures jumped about 5% to a one-week high on Monday on forecasts for hotter weather over the next two weeks than previously expected and rising flows of gas to liquefied natural gas (LNG) export plants. Front-month gas futures for August delivery on the New York Mercantile Exchange rose 15.2 cents, …

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Trump to Unveil $70 Billion in AI and Energy Investments

Artificial Inteligence, Coal, Conventional Energy, Electricity Grid, Energy Topics & Technology, Latest, LNG, Natural Gas, Nuclear, Oil, US News / By

PITTSBURGH, July 14 (Reuters) – U.S. President Donald Trump will announce $70 billion in artificial-intelligence and energy investments on Tuesday, according to a White House official and a person familiar with the initiatives. Trump will reveal details of these new initiatives at an event near Pittsburgh, where he will be joined by Republican Senator David …

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Oil Falls as Trump Gives Russia 50 Days to Avoid New Sanctions

Conventional Energy, Latest, Oil, US News / By

By Nicole Jao US threatens to hit buyers of Russian exports with sanctions China’s crude imports at highest level since August 2023 EU set to lower Russian oil price cap, sources say NEW YORK, July 14 (Reuters) – Oil prices settled down on Monday by more than $1, as investors weighed new threats from U.S. …

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