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Chevron Applies for Argentina Tax Break Program With $13.8 Billion Investment Plan

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

(Reuters) – Chevron has applied to join Argentina’s incentive regime for large investments for a $13.8 billion unconventional oil project in the El Trapial area of Vaca Muerta, the U.S. oil major said on Tuesday, in what would rank among the biggest new bets on the country’s shale patch. The filing, which still requires government …

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US LNG Exports Fall in May on Maintenance, Asia’s Take Rises

Conventional Energy, Latest, LNG, US News / By

(Reuters) – U.S. liquefied natural gas exports fell to 10.2 million metric tons (MT) in May, the lowest level this year excluding February’s shorter month, as seasonal maintenance curbed output, preliminary data from financial firm LSEG showed. The decline was driven by planned outages across several export plants, as operators carried out spring maintenance after …

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US States Sue Trump Administration and TotalEnergies Over Offshore Wind Cancellation

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

June 2 (Reuters) – Seven U.S. states led by New York sued the Trump administration on Tuesday for cancelling a major offshore wind ​lease off the coast of New York in exchange for a pledge by ‌its owner to invest instead in fossil fuel projects. The lawsuit in the Washington, D.C., federal court challenges a …

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US Natural Gas Futures Dip on Lower Flows to LNG Export Plants

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

By Julian Hast US natural gas futures ended lower as domestic gas flows to liquefied natural gas export terminals along the US Gulf Coast dropped for a third consecutive day. The reduction is concentrated at Sabine Pass LNG in Louisiana and Corpus Christi LNG in Texas. Lower gas flows to terminals leaves more supplies in …

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Persian Gulf LNG Exporters Are Adopting Shadow-Fleet Tactics

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

QatarEnergy and Adnoc are using methods typically employed by Russia to get their gas across the Strait of Hormuz. By Stephen Stapczynski Major liquefied natural gas exporters in the Persian Gulf are preparing for a potential future where disruptions in the Strait of Hormuz persist for longer. In a bid to move their LNG through …

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NIMBY Pushback to Data Centers a Boon for Bloom Energy, CEO Says

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

By Will Wade and Brody Ford Mounting local opposition to data center construction presents an opening for Bloom Energy Corp., according to its chief executive officer, who pitches its fuel cells as cleaner and quieter than conventional power-generating systems. “Rationally, our deployment should not be a community issue,” Chief Executive Officer KR Sridhar said in …

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Venezuela Wants Oil Firms to Supply Their Own Power for Projects

Conventional Energy, Latest, Oil, US News / By

By Fabiola Zerpa Energy companies heading to Venezuela are being told to bring their own power plants to run their oil and natural gas operations and shield them from frequent blackouts on the nation’s ill-maintained electricity grid. New regulations drafted for Venezuela’s oil law demand that companies be self-sufficient in power generation in oil and …

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US Plans Energy Investments in Azerbaijan, Says $8 Billion in Deals Signed

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, US News / By

BAKU, June 2 (Reuters) – A U.S. delegation and Azerbaijan signed commercial agreements worth more than $8 billion, and ​Washington plans to invest in the country’s ‌energy sector, U.S. Assistant Secretary of State Caleb Orr said on Tuesday. Orr, on a visit to Baku, said ​the United States was seeking a larger ​role in Azerbaijan’s …

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US Regulator Grants Waiver for Three Mile Island Restart

Conventional Energy, Latest, Nuclear, US News / By

By Laila Kearney NEW YORK, June 2 (Reuters) – U.S. energy regulators granted a waiver to speed up the connection ​of the Three Mile Island nuclear power ‌plant in Pennsylvania, which is being restarted to serve Microsoft (MSFT.O) data centers in the region, a filing showed ​this week. The Federal Energy Regulatory Commission on ​Monday …

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Oil Market Could be Underpricing Risks, Vitol’s Bahrain Chief Says

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

(Reuters) – The oil market is underpricing some risks from the Iran war, global commodity trading house Vitol’s managing director for Bahrain, Tom Baker, said on Tuesday. Iran’s effective closure of the Strait of Hormuz and attacks on energy infrastructure including oilfields and refineries, have taken about 14 million barrels of Middle East supply offline, …

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