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Michigan Attorney General’s Bid to Shut Down Enbridge Pipeline Sent Back to State Court

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

A U.S. appeals court on Monday handed Michigan’s attorney general a jurisdictional victory in her bid to force Enbridge to stop operating the Line 5 oil pipeline underneath the Straits of Mackinac in the Great Lakes by allowing her to pursue her case in state rather than federal court. The Cincinnati-based 6th U.S. Circuit Court of …

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Phillips 66 to Sell Pipeline Stake to Tallgrass for $1.3 Billion

Energy Topics & Technology, Latest, Pipelines, US News / By

Phillips 66 reached a deal to sell its 25% interest in one of the largest US natural gas pipelines to the system’s majority owner, Tallgrass Energy LP, for about $1.3 billion. The sale of the Rockies Express Pipeline stake is part of Phillips 66’s push to divest more than $3 billion in assets, the Houston-based oil refiner …

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States Sue U.S. to Block Rule That Oil Firms Guarantee Payment to Dismantle Old wells

Energy Topics & Technology, Latest, Offshore, US News / By

Texas, Louisiana and Mississippi on Monday sued the U.S. government to block the Biden administration’s proposed rule that would require the offshore oil and gas industry to provide nearly $7 billion in financial assurances to cover costs of dismantling old infrastructure. The rule, which would take effect later this year, will predominantly affect smaller companies …

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OPINION: Vermont is Learning the Hard Way That Renewables Don’t Replicate O&G

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

A new presentation from the Legislative Finance Committee reported a revenue of $15.2 billion from the extractive industry to New Mexico in fiscal year 2023. Land income generated $8.6 billion, while taxes generated $6.6 billion. By George Sharpe Vermont just passed a law intended to “fine” oil and gas companies for the damages caused by …

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U.S. Ready to Re-open Oil Stockpile if Petrol Prices Surge Again, FT Reports

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

The Biden administration is ready to release more oil from the U.S. strategic stockpile to stop any jump in petrol prices this summer, the Financial Times reported on Monday. Senior Biden adviser Amos Hochstein told the newspaper that oil prices are “still too high for many Americans” and he would like to see them “cut …

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Marathon’s North Dakota Refinery Undergoing Maintenance, State Regulator Says

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

Marathon Petroleum’s 68,000 barrel per day crude oil refinery went under maintenance earlier this month, putting downward pressure on Bakken oil prices, a state regulator said during a press conference on Friday. All units at the Mandan refinery are currently under maintenance, according to Justin J. Kringstad, director of the North Dakota pipeline authority. Marathon …

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COMMENTARY: 8 Ways the Biden Administration is Working to Increase Gasoline Prices – Alex Epstein

Energy Topics & Technology, Gasoline, Latest, US News / By

The Biden administration’s draining of the Northeast Gasoline Supply Reserve is another cynical ploy to disguise that its real goal is to raise gas prices. By Alex Epstein The Biden administration claims that draining the Northeast Gasoline Supply Reserve shows its commitment to low gas prices. In fact, this is yet another cynical ploy to …

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Mountain Valley Pipeline Begins Operations

Energy Topics & Technology, Latest, Pipelines, Press Releases, US News / By

Natural Gas Transmission Line Enters Service to Meet Public Demand and Promote the National Interest CANONSBURG, Pa.–(BUSINESS WIRE)–The Mountain Valley Pipeline (MVP) entered service today after satisfying all applicable legal and regulatory requirements, including all applicable in-service conditions of the U.S. Pipeline and Hazardous Materials Safety Administration’s Consent Agreement for the project, and receiving all …

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Tech Firms Ask NextEra for Enough Electricity to Power Entire Cities

Electricity Grid, Energy Topics & Technology, Latest, US News / By

AI is fueling a boom in the development of US data centers CEO says NextEra would consider restarting a nuclear plant Technology companies are so desperate to build massive data centers in the US that they’re asking clean-energy giant NextEra Energy Inc. to find them locations with enough electricity to power entire cities. “We’ve had some come …

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U.S. Refining Margins Slump as Fuel Stocks Climb

Energy Topics & Technology, Latest, Refineries / By

By John Kemp U.S. oil refineries have been processing petroleum at the fastest rate for the time of year since before the pandemic, but rising fuel inventories have begun to weigh on crack spreads and likely signal a slowdown ahead. Refineries processed 17.5 million barrels per day (b/d) of crude and other feedstocks over the …

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