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US Interior Nominee Says Permitting Reform Needed to Speed Energy Projects

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

(Reuters) – U.S. Interior Secretary nominee Doug Burgum told lawmakers during his confirmation hearing on Thursday that permitting reform is needed to speed energy projects, particularly to boost power production. “We’ve got to get to work in permitting reform and speeding permitting right now,” he said. “Electricity is at the brink. Our grid is at …

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US NatGas End-of-Season Storage to Slide to Three-Year Low in March

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

(Reuters) – U.S. natural gas storage is on track to end the November-March winter withdrawal season at a three-year low of 1.811 trillion cubic feet (tcf) on March 31, 2025, according to analysts’ estimates. That compares with an eight-year high of 2.306 tcf of gas in storage at the end of the winter withdrawal season …

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Colonial Pipeline’s Main US Gasoline Artery Likely Shut Until Friday

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

By Shariq Khan Colonial crews still searching for source of suspected gasoline leak in Georgia Line 1 outage duration on par with Colonial shutdown in 2021 due to cyberattack Market impact limited by high stockpiles, refinery output NEW YORK, Jan 15 (Reuters) – Colonial Pipeline’s main U.S. gasoline artery is expected to remain shut through …

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Oilfield Services Provider Flowco Raises $427 mln in US IPO

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

(Reuters) – Flowco Holdings has raised $427.2 million after pricing its U.S. initial public offering above its targeted range, the oilfield services provider said on Wednesday. Flowco priced its offering of 17.8 million shares at $24 each. The company had marketed to list its shares in the range of $21 and $23. Strong equity markets, …

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US Crude Stocks Fall, Gasoline and Distillate Inventories Rise, EIA Says

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

(Reuters) – U.S. crude stocks fell while gasoline and distillate inventories rose last week, the Energy Information Administration (EIA) said on Wednesday. Crude inventories fell by 2 million barrels to 412.7 million barrels in the week ending Jan. 10, the EIA said, compared with analysts’ expectations in a Reuters poll for a 992,000-barrel draw. Crude …

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LAWSUIT THROWN OUT: New York City Lawsuit Against Exxon, BP, Shell Over Climate Change Dismissed

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

 A judge has dismissed New York City’s lawsuit alleging that Exxon Mobil, BP and Shell were liable for misleading the public about their products, and their commitment to renewable energy and fighting climate change. In a decision on Tuesday, state Supreme Court Justice Anar Patel in Manhattan rejected the city’s argument that the oil companies should …

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Colonial Pipeline Shuts Main Gasoline Artery After Potential Gasoline Spill

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

(Reuters) – Colonial Pipeline, the largest U.S. fuel pipeline operator, said on Tuesday that the main artery moving gasoline from the U.S. Gulf Coast to the East Coast has been shut since Monday night due to a potential spill in Paulding County, Georgia. Line 1 was temporarily shut as operator Colonial Pipeline responds to a …

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EIA Expects Oil Prices to be Under Pressure From Oversupply in 2025, 2026

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

By Shariq Khan NEW YORK, Jan 14 (Reuters) – Oil prices will be under pressure in 2025 and 2026 as global production growth outpaces demand, the U.S. Energy Information Administration said on Tuesday in its Short-Term Energy Outlook report. Many analysts expect an oversupplied oil market this year, after demand growth slowed sharply in 2024 …

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Supreme Court Declines to Hear From Oil and Gas Companies Trying to Block Climate Change Lawsuits

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

WASHINGTON (AP) — The Supreme Court said Monday it won’t hear an appeal from oil and gas companies trying to block lawsuits seeking to hold the industry liable for billions of dollars in damage linked to climate change. The order allows the city of Honolulu’s lawsuit against oil and gas companies to proceed. The city’s …

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Canada’s Reality: Trump’s Tariffs Are Coming and Will Include Oil, Alberta Premier Warns

CDN and International News, Energy Topics & Technology, Latest, LNG, Natural Gas, Oil, Pipelines / By

Province’s leader met with president-elect at Mar-a-Lago Ottawa shouldn’t make ‘empty’ threats to curb exports: Smith Canadians should be prepared to face US tariffs once Donald Trump assumes the presidency next week, with no exemptions for oil, Alberta Premier Danielle Smith warned after meeting the president-elect in Florida. The conservative leader of Canada’s main oil-producing province met with Trump at his …

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