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Governor Announces First Texas Energy Fund Loan for 122 MW Natural Gas Facility

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

June 26 (Reuters) – Texas Governor Greg Abbott announced on Thursday that the first Texas Energy Fund (TEF) loan agreement will be used to fund a 122 megawatt (MW) natural gas power plant in Texas. “Under the loan agreement, subject to customary financial closing procedures, total project costs are not to exceed $175 million, with …

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Siemens Energy Targets US Transformer Production in 2027, Can Further Expand Factory

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

By Christoph Steitz Siemens Energy could further expand Charlotte plant if needed Taking long-term view on US market, CFO says Big US tariff hike would spark review of expected policy impact ERLANGEN, Germany, June 26 (Reuters) – Siemens Energy (ENR1n.DE) is expecting to start U.S. production of big industrial power transformers in 2027 and can …

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Damaged Unit of Iran’s South Pars Refinery Back Operating, Nour News Says

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

(Reuters) – A damaged unit of the South Pars refinery’s Phase 14, which was hit by Israel in its first strike on Iran’s oil and gas sector, has returned to operation, the Iranian state-run agency Nour News reported on Thursday. South Pars, the world’s biggest gas field, is located offshore in Iran’s southern Bushehr province …

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Trump Administration Has ‘No Imminent Plans’ to Refill Nation’s Emergency Oil Reserve

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

(Reuters) – The Trump administration has no imminent plans for refilling the nation’s Strategic Petroleum Reserve, White House spokeswoman Karoline Leavitt said on Thursday. The emergency oil reserve is currently at its lowest levels since the 1980s after President Joe Biden tapped the stockpile to help lower prices amid market uncertainty. Reporting By Nandita Bose …

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Hawkish Fed Could Inflict Markets’ Biggest ‘Pain Trades’: McGeever

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

By Jamie Mcgeever (Reuters) – As the first half of the year closes, financial markets are in limbo, waiting to see how the kaleidoscope of global trade deals will – or won’t – come together after July 9, when Washington’s pause on its “reciprocal tariffs” expires. But if investors are wrong-footed, which trades will be …

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IT’S BACK! Everything We Know About LANDMAN Season 2

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, LNG, Natural Gas, Oil, US News / By

“As long as there are stories to tell, I would love to keep telling them,” co-creator Christian Wallace said. Now that Taylor Sheridan’s new show Landman has aired its season finale, fans are already eager to know if the Texas-set drama will be back for a second season on Paramount+. In March, the streamer officially confirmed a Landman season 2 after …

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Devil’s in the Details: Why BP’s Debt May Deter a Buyer

CDN and International News, Energy Topics & Technology, Latest, Mergers and Acquisitions / By

BP has been the subject of takeover talks for several years due to its shares’ relative underperformance, but analysis of its disclosures shows the British energy firm may not be as cheap as its market valuation would indicate. BP says it has net debt of $27 billion – already more than some rivals – but …

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US Gasoline Demand Rose Last Week to Highest Since December 2021, EIA Data Shows

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

(Reuters) – U.S. product supplied of gasoline rose to 9.6 million bpd in the week ended June 20, the highest since December 2021, data from the Energy Information Administration showed on Wednesday. Product supplied, EIA’s measure of demand, rose 389,000 barrels per day last week, the biggest week-over-week increase since the end of June, the …

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US Crude, Gasoline and Distillate Inventories Fall Last Week- EIA

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

U.S. crude oil, gasoline and distillate inventories fell last week, the Energy Information Administration said on Wednesday. Crude inventories fell by 5.8 million barrels to 415.1 million barrels in the week ending June 20, the EIA said, exceeding analysts’ expectations in a Reuters poll for a 797,000-barrel draw. Crude stocks at the Cushing, Oklahoma, delivery …

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