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Power producers in the United States are becoming increasingly reliant on natural gas for generation, even as the country builds out renewable energy capacity at a record pace. Renewable energy sources have been grabbing a steadily growing share of the power mix for years, which has allowed power firms to cut coal-fired power and reduce …
Natural Gas Shows Its Staying Power as U.S. Wind Output Slumps: Maguire Read More »
(Reuters) – U.S. energy firms this week added oil and natural gas rigs for a second week in a row, boosting the monthly count by the most since November 2022, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, rose …
Meme-stock investors lose millions on energy company takeover Tellurian is a cautionary tale for amateur traders hoping to outsmart Wall Street Bloomberg News For Bjorn Bos and other retail investors who piled into energy company Tellurian Inc. in the past few years, it wasn’t meant to end this way. Several meme stocks, including GameStop and …
Meme-Stock Investors Lose Millions on Energy Company Takeover Read More »
(Reuters) Griselda Ascanio keeps an improvised wood-burning stove ready in her backyard in Maracay, 120 kilometers (75 miles) from Venezuela’s capital, for the frequent gas-supply interruptions that make it difficult to cook. “We cannot just cry about it,” said the 44-year-old administrator, who collects branches that fall from trees. “So we have learned to solve …
In Gas-Rich Venezuela, Next President Faces Problem of Producing It Read More »
U.S. natural gas futures slid about 3% on Tuesday on rising output and an ongoing oversupply of gas in storage. Analysts said there was still about 17% more gas in storage than normal for this time of year even though injections have been smaller than usual for nine of the past 10 weeks after several …
U.S. Natgas Prices Slide 3% on Rising Output, Oversupply in Storage Read More »
The top two lawmakers on the Senate energy committee on Monday introduced long-awaited legislation to speed permitting of power transmission, mining and liquefied natural gas export projects. Senators Joe Manchin, an independent who caucuses with Democrats, and John Barrasso, a Republican, said their bill would strengthen the power grid and help keep power prices low. …
U.S. Senators Introduce Bill to Speed Approvals of Energy Projects Read More »
U.S. natural gas futures jumped about 4% to a one-week high on Monday with an increase in the amount of gas flowing to U.S. liquefied natural gas (LNG) export plants as Freeport LNG in Texas started exporting cargoes again after shutting for Hurricane Beryl in early July. Traders also noted that the hottest weather of …
U.S. Natgas Prices Jump 4% on Rising Exports From Freeport LNG in Texas Read More »
As California attorney general, Harris had sued oil companies She’s been more critical of fracking, offshore oil than Biden As California attorney general, Kamala Harris brought lawsuits against fossil fuel companies, prosecuted a pipeline company over an oil leak and investigated Exxon Mobil Corp. for misleading the public about climate change. Now, with the vice president suddenly …
Harris Seen as Tougher Oil Industry Opponent Than Biden Read More »
Pre-construction on natural gas pipeline could start next week Energy Transfer says ‘surprising’ move given legal battles Williams Cos. will start building its delayed Louisiana Energy Gateway natural gas pipeline in the coming weeks, the company reported. Pre-construction will begin as early as July 25, Williams said Friday in a letter to the Federal Energy Regulatory …
Williams to Start Building Louisiana Energy Gateway Project Read More »
Exxon Mobil Corp has agreed to sell its Malaysian oil and gas assets to state energy firm Petronas, exiting the country’s upstream sector where it used to be a dominant producer, two sources with direct knowledge of the matter said. The U.S. major, which last year marked its 130th year in Malaysia, has been trying to …
ExxonMobil Selling Malaysia Oil and Gas Assets to Petronas, Sources Say Read More »
