Conventional Energy

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BP’s 440,000-bpd Refinery in Whiting, Indiana, Reports Flaring Due to Severe Thunderstorms, Company Says

Conventional Energy, Latest, Oil, US News / By

(Reuters) – BP’s 440,000-barrel-per-day refinery in Whiting, Indiana, on Tuesday reported flaring due to flooding caused by a severe thunderstorm overnight, the company said. “The Whiting Refinery’s operations were impacted by the significant thunderstorms overnight in Northwest Indiana that led to flooding and severe conditions in the surrounding neighborhoods,” the company said on Tuesday in …

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US Treasury Chief Bessent Accuses India of Profiteering on Russian Oil Purchases

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By Andrea Shalal WASHINGTON, Aug 19 (Reuters) – U.S. Treasury Secretary Scott Bessent on Tuesday accused India of profiteering from its sharply increased purchases of Russian oil during the war in Ukraine, saying Washington viewed the situation as unacceptable. Bessent told CNBC in an interview that Russian oil now accounted for 42% of India’s total …

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US Natgas Prices Drop 4% to Nine-Month Low on Record Output, Cooler Weather

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

(Reuters) – U.S. natural gas futures fell about 4% to a nine-month low on Tuesday on near-record output, ample fuel in stockpiles and forecasts for less hot weather and lower demand through early September than previously expected. Another factor weighing on gas prices was a decline in the amount of gas flowing to liquefied natural …

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War or Peace? For Oil Markets, the Ukraine Outcome is Insignificant: Bousso

CDN and International News, Conventional Energy, Latest, Oil / By

U.S. President Donald Trump’s high-stakes diplomacy to resolve the war in Ukraine is unlikely to jolt oil and gas markets, no matter the outcome. Russia has faced multiple rounds of western sanctions and restrictions since its invasion of Ukraine in February 2022, which have dealt severe blows to the country’s giant oil and gas industry, …

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Chinese Refiners Sweep up Russian Oil After Indian Demand Falls, Analysts say

CDN and International News, Conventional Energy, Latest, Oil / By

Summary China buys 15 Russian oil cargoes for October-November delivery Indian demand for Russian oil declines as discounts narrow in July Trump threatens retaliatory tariffs against Russian oil buyers (Reuters) – Chinese refineries have purchased 15 cargoes of Russian oil for October and November delivery as Indian demand for Moscow’s exports falls away, two analysts …

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Oil Prices Fall as Ukraine Talks Raise Prospect of Sanctions Easing

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

Summary Oil prices down after previous session’s 1% gain Geopolitical risks have eased for oil this week -analyst Trump says US would help guarantee security for Ukraine LONDON, Aug 19 (Reuters) – Oil prices fell on Tuesday as traders weighed the possibility that talks between Russia, Ukraine and the U.S. to end the war in Ukraine could …

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Raisa Energy Puts $1.5 Billion of US Oil and Gas Assets up for Sale, Sources Say

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

Private investment firm Raisa Energy is selling a package of oil and gas wells across numerous U.S. shale basins that may fetch around $1.5 billion, people familiar with the matter said. The sale, which is in its early stages, is not guaranteed and the final price could fluctuate depending on market conditions and other factors, …

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Gas Demand at Two of the Top US LNG Plants Declines

Conventional Energy, Latest, LNG, US News / By

(Reuters) – Two of the United States’ largest liquefied natural gas export plants recorded major declines in demand for natural gas on Monday, suggesting parts of their facilities might be down, according to data from financial firm LSEG. Cheniere’s Sabine Pass export facility in Texas, which utilizes up to 4.5 billion cubic feet of natural …

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LNG Cargoes From Sanctioned Arctic LNG 2 Project Travel East, Data Shows

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(Reuters) – Four liquefied natural gas (LNG) tankers carrying cargoes from Russia’s Arctic LNG 2 plant, sanctioned over Moscow’s war in Ukraine, are headed east toward Asia, according to ship tracking data from Kpler and LSEG. The Christophe De Margerie tanker is travelling along the Northern Sea Route after loading at Arctic LNG 2 on …

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Google Announces Tennessee as Site for Small Modular Nuclear Reactor

Conventional Energy, Latest, Nuclear, US News / By

By Laila Kearney Summary Google partners with TVA, Kairos Power for nuclear project First U.S. utility power purchase agreement for generation IV nuclear Project supports U.S. AI dominance and energy leadership, says Energy Secretary (Reuters) – Google, with Kairos Power, has selected Tennessee as the site of an advanced nuclear power plant that is expected to …

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