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Kazakhstan’s Oil Output Fell 3% in April But Stayed Above OPEC+ Quota

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

(Reuters) – Kazakhstan’s oil production fell 3% from March to 1.82 million barrels per day (bpd) in April, but was again above the country’s OPEC+ quota, according to an industry source familiar with the statistics, and Reuters calculations. Kazakhstan’s output has become the main point of contention inside OPEC+, with group leader Saudi Arabia demanding …

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OPINION: US Oil Output Has Peaked. But Don’t Expect a Rapid Decline.

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

Nothing suggests that a repetition of 2020’s plunge is imminent. By Javier Blas Prospecting. Photographer: Jordan Vonderhaar/Bloomberg The chain-smoking protagonist of Landman, the American television drama series about the Texas oil industry, puts it better than anyone else: “You want oil to live above 60, but below 90,” says the fictional Tommy Norris. “Seventy-eight dollars …

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AI Boom Helps Score $12 Billion Deal for Little-Known LS Power

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

By Naureen S Malik Paul Segal Photographer: LS Power LS Power bet on buying and building natural gas power plants at a time when some analysts considered them almost relics, doomed to be sidelined by solar and wind. Now, utilities see gas-fired plants as essential to meeting a surge of electricity demand from new data …

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Colombian Oil Sector Seeks Protection From a Wave of Sabotage

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

By Andrea Jaramillo Pumpjacks in Colombia. Photographer: Nicolo Filippo Rosso/Bloomberg Colombia’s oil and gas association urged authorities to take “urgent action” after a surge in sabotage attacks on critical energy infrastructure. A group broke in and set fire to the Quifa field facilities in Meta province in central Colombia on Monday, the association known as …

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The Biggest Losers in the GOP Plan to Slash US Climate Spending

Carbon Capture, Conventional Energy, Energy Topics & Technology, Environment, Hydrogen, Latest, Nuclear, Renewable Energy, Solar, US News / By

The proposal would eliminate popular tax credits for electric vehicles and home solar. By Ari Natter and Mark Chediak Workers install solar panels on a home in San Francisco. Photographer: Michaela Vatcheva/Bloomberg House Republicans released their first stab at a bill to extend President Donald Trump’s tax cuts, which would help pay for them by …

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Boeing Enjoys Comeback Moment From Crisis With Record Qatar Deal

Latest, US News / By

By Leen Al-Rashdan and Julie Johnsson A Qatar Airways aircraft at Hamad International Airport in Doha. Photographer: Christopher Pike/Bloomberg A year after Boeing Co. went through a deep executive shakeup and prolonged existential crisis, the US planemaker just rode to its biggest-ever aircraft order, propelled by a powerful endorsement from President Donald Trump. Chief Executive …

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Trump Lavishes Praise on Saudi Crown Prince, Signaling Renewed Alliance

Conventional Energy, Latest, Oil, US News / By

Four years ago, Saudi Crown Prince Mohammed bin Salman struggled to get an audience with then-President Joe Biden, who said he wanted to make the Gulf country a pariah after its leader allegedly ordered the murder of a Washington-based journalist. On Tuesday, President Donald Trump lavished effusive praise on Saudi’s de facto ruler, calling him …

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US to Speed Up Oil and Gas Land Parcel Reviews for Federal Leasing

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

The Trump administration will shrink the time it takes to review potential land parcels on federal lands for oil and gas development by about half, to six months, the Interior Department said on Tuesday. WHY IT’S IMPORTANT The move to streamline the oil and gas leasing process aligns with President Donald Trump’s energy dominance agenda, …

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Panasonic CEO Says Battery Plans Align With Slower EV Demand

Batteries, Electric Vehicles, Energy Topics & Technology, Latest, US News / By

  Panasonic’s decision not to expand battery production capacity has been validated by slower global demand for electric vehicles. The company is preparing to start production at a second US-based factory in Kansas, but has frozen plans for a third plant, and may benefit from having US factories as Tesla and others seek to reduce …

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Canadian Prime Minister Carney Says He’s Open to Changing Green Laws to Boost Energy Projects

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

Bloomberg Prime Minister Mark Carney will consider altering environmental regulations to facilitate investment in major projects in Canada, including oil and gas pipelines. Carney’s plan involves using domestic oil and gas production to displace imports, increasing exports, and playing a major role in nuclear and hydroelectricity, and possibly carbon capture and storage technology. Carney declined …

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