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Baker Hughes Sees Lower North America Activity; Bets on Foreign Demand

Conventional Energy, Drilling Rigs, Energy Topics & Technology, Latest, OFS-Oilfield Services, Oil, Pinned Primary, US News / By

By Reuters (Reuters) – Baker Hughes  cut its outlook for spending by oil producers on Friday, citing lower drilling activity by North American companies, joining other oilfield service companies in warning about softness in the region. However, the company raised its full-year revenue and profit estimates, banking on strong international growth and demand for gas equipment. …

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Goldman Sachs Says Next U.S. President to Have Limited Tools to Significantly Boost 2025 Oil Supply

Conventional Energy, Latest, Oil, Pinned Primary, US News / By

July 25 (Reuters) – Goldman Sachs  said on Thursday that whoever wins the U.S. presidential election in November will have limited tools to significantly boost domestic oil supply next year. Strategic petroleum reserve stocks are low and regulatory easing may only significantly boost U.S. long-run supply, the bank said in a client note. Oil prices rose …

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Explainer: What Are Harris’ Business Views? Friendly to Big Tech, Aggressive in Climate Fight

Energy Commentary, Energy Topics & Technology, Environment, Latest, Pinned Primary, US News / By

(Reuters) – U.S. Vice President Kamala Harris is potentially poised to become the Democratic presidential nominee in the November election. Here are her views and actions related to some key business topics. BIG TECH As a candidate for California attorney general, Harris reportedly assured potential donors that she was “a capitalist.” She has generally been seen as …

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U.S. Senators Introduce Bill to Speed Approvals of Energy Projects

Conventional Energy, Latest, LNG, Natural Gas, Oil, Pinned Primary, US News / By

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. …

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Texas Tanker Bottleneck Grows on Slow Freeport LNG Restart after Beryl

Conventional Energy, Latest, LNG, Pinned Primary / By

The number of liquefied natural gas (LNG) tankers waiting to load at Freeport LNG in Texas has increased since the U.S. second largest exporter of the supercooled gas halted processing ahead of Hurricane Beryl’s landfall last week, according to shipping data on Thursday. Beryl made landfall on July 8 near Matagorda, on the Texas coast, …

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U.S. Court Orders Federal Regulators to Assess Emissions of Louisiana LNG Project

Conventional Energy, Latest, LNG, Pinned Primary, US News / By

Summary Court did not overturn FERC’s 2022 approval Environmental groups argue FERC ignored climate risks Commonwealth expects final investment decision by first-half 2025 (Reuters) – A U.S. court on Tuesday ordered federal regulators to reassess the impact of greenhouse gas emissions from Commonwealth LNG’s Louisiana liquefied natural gas project, potentially slowing full approvals for the …

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Nearly a Million Homes, Businesses in Texas Still Without Power After Hurricane Beryl

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

By Arathy Somasekhar (Reuters) – Nearly a million homes and businesses in Texas remained without power on Friday, five days after Hurricane Beryl made landfall with fierce winds and rain that knocked down trees and electricity infrastructure. CenterPoint Energy , the largest power provider in Texas, said about 860,000 of its customers remained affected. It has …

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Oil Prices Little Changed, Concerns About Damage From Hurricane Ease

Conventional Energy, Latest, Oil, Pinned Primary, US News / By

(Reuters) – Oil prices were little changed early on Tuesday after a hurricane that hit a key U.S. oil producing hub in Texas caused less damage than expected. Brent futures fell 4 cents to $85.71 a barrel by 0113 GMT, while U.S. West Texas Intermediate (WTI) crude fell 5 cents to $82.28. Although oil refining …

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Texas Energy Industry Assesses Damage After Hurricane Beryl Batters Gulf Coast

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

(Reuters) – The Texas energy industry was evaluating the impact from Hurricane Beryl on Monday after the powerful storm lashed the U.S. Gulf Coast, closing key shipping ports and hitting the oil refining and production sectors. Beryl made landfall near the coastal town of Matagorda, Texas, on Monday morning, packing maximum sustained winds of 80 …

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Texas Energy Industry Braces for Beryl as Storm Makes Landfall

Conventional Energy, Latest, Oil, Pinned Primary, US News / By

HOUSTON, July 8 (Reuters) – The Texas energy industry braced for Hurricane Beryl’s impact on Monday, with threats from the powerful storm forcing the closure of key oil and gas shipping ports, slowing refining and prompting the evacuation of some production sites. Beryl, which made landfall near Matagorda, Texas, packing maximum sustained winds of 80 …

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