US News

Auto Added by WPeMatico

Ruling Paves Way to Restart Work on Exxon’s Texas LNG Plant

Conventional Energy, Latest, LNG, US News / By

Bankruptcy judge approves settlement with contractor Zachry Other companies will finish Zachry’s work on Golden Pass plant A bankruptcy judge this past week approved a settlement between the joint venture building Exxon Mobil Corp.’s $10 billion gas export project in Texas and lead contractor Zachry Holdings Inc., allowing other companies to finish work on the plant. …

Ruling Paves Way to Restart Work on Exxon’s Texas LNG Plant Read More »

Freeport LNG Hub to Restart Three Production Trains in Early August

Conventional Energy, Latest, LNG, US News / By

Freeport LNG, the US’s second-largest export facility, is targeting the restart of all production lines in early August, according to people with direct knowledge of the matter. The Texas plant reduced production before Hurricane Beryl made a landfall earlier this month and caused wide-spread power outages. Loadings from the liquefied natural gas terminal outside of Houston were …

Freeport LNG Hub to Restart Three Production Trains in Early August Read More »

Why U.S. LNG Is Attracting Foreign Investment

Conventional Energy, Latest, LNG, US News / By

Woodside’s acquisition of Tellurian highlights the appeal of exporting American natural gas. Australia’s Woodside Energy Group Ltd. made a bold leap into US liquefied natural gas with its agreement to acquire Tellurian Inc. for $900 million in cash. Tellurian owns Driftwood, a proposed multibillion-dollar LNG export terminal in Louisiana. The takeover could make Woodside the second foreign …

Why U.S. LNG Is Attracting Foreign Investment Read More »

U.S. Seeks Bids for Offshore Wind Acreage Off Texas After Hecate Expresses Interest

Latest, Renewable Energy, US News, Wind / By

By Reuters The U.S. Bureau of Ocean Energy Management said on Friday it is seeking competitive bids for offshore wind leases off the coast of Texas after renewable energy developer Hecate Energy Gulf Wind LLC made an unsolicited bid. The administration of President Joe Biden sees offshore wind power as a vital part of a broader …

U.S. Seeks Bids for Offshore Wind Acreage Off Texas After Hecate Expresses Interest Read More »

U.S. Crude Oil Prices Retreat Amid Doubts About Further Stock Draw

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

By John Kemp (Reuters) – U.S. crude oil inventories have depleted faster than normal over the last four weeks – squeezing hedge funds running short positions, keeping spot prices firm and the futures curve in a steep backwardation. But with most short positions now repurchased this source of support has melted away and both spot prices …

U.S. Crude Oil Prices Retreat Amid Doubts About Further Stock Draw Read More »

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. …

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

Oil Falls 1.5%, Ends Week Lower on China Demand Fears

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

(Reuters) – Oil futures fell about 1.5% on Friday, finishing the week lower on declining Chinese demand and hopes of a Gaza ceasefire agreement that could ease Middle East tensions and accompanying supply concerns. Brent crude settled down $1.24, or 1.5%, at $81.13 a barrel. West Texas Intermediate crude ended $1.12, or 1.4%, lower at $77.16 …

Oil Falls 1.5%, Ends Week Lower on China Demand Fears Read More »

Exxon Mobil, CF Industries Sign Carbon Capture and Storage Deal

Carbon Capture, Energy Topics & Technology, Latest, US News / By

(Reuters) – Energy major Exxon Mobil  said on Thursday it has entered into a carbon capture and storage (CCS) agreement with ammonia producer CF Industries. Carbon capture is a process through which carbon dioxide (CO2) generated from industrial activity is stored underground. The process has been embraced by oil companies including Chevron, Occidental Petroleum and Talos Energy. …

Exxon Mobil, CF Industries Sign Carbon Capture and Storage Deal Read More »

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 …

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

A Trump Presidency to Pose Mostly Bearish Risks for Oil, Citi Says

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

A Donald Trump presidency could be net bearish for oil prices due to a combination of factors including tariffs and oil-friendly policies, and pushing the Organization of the Petroleum Exporting Countries and allies (OPEC+) to release more oil into the market, Citi said in a research note on Thursday. “Trump could roll back environmental policies, …

A Trump Presidency to Pose Mostly Bearish Risks for Oil, Citi Says Read More »

Subscribe
Subscribe