US News - Today in Oil and Gas

Natural Gas Morphs From Being a ‘Bridge’ to Becoming the Destination

Conventional Energy, Latest, LNG, Natural Gas, US News / By mark

Some power companies have stopped calling the fuel a temporary pathway to renewable energy and are making it central to their long-range plans. By Josh Saul The Gateway Generating Station natural gas-fired power plant in Antioch, California. The fuel’s use is on the rise. Photographer: David Paul Morris/Bloomberg Welcome to our guide to the commodities …

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COMMENTARY: US LNG Exporters Could Lose Out As AI Gas Demand Booms

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

By Ron Bousso Share of data centres in U.S. power market to more than double by 2030 Natural gas to account for over half of incremental power supply U.S. natural gas production set to peak in early 2030s LONDON, April 29 – The race for AI supremacy could have an unlikely loser: U.S. liquefied natural …

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BP Reports 48% Profit Drop as Strategy Chief Leaves

Latest, US News / By mark

By Shadia Nasralla Profit of $1.38 billion misses analysts’ $1.53 billion Shares down 3.2% CEO signals option for further spending cuts Share buybacks at bottom of guided range Shares down 4% after results LONDON, April 29 (Reuters) – BP (BP.L) on Tuesday reported a deeper-than-expected 48% drop in net profit to $1.4 billion on weaker …

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Exclusive: China Waives Tariffs on US Ethane Imports, Sources Say

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By Siyi Liu and Florence Tan Tariff waiver eases pressure on Chinese petrochemical firms China’s tariff waiver not publicly announced yet China buys nearly half of US ethane exports SINGAPORE, April 29 (Reuters) – China has waived the 125% tariff on ethane imports from the United States imposed earlier this month, two sources with knowledge …

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Woodside Approves Louisiana LNG Development

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HOUSTON– (BUSINESS WIRE) –Woodside has made a final investment decision to develop the three-train, 16.5 million tonne per annum (Mtpa) Louisiana LNG development. Woodside is targeting first LNG in 2029. Development of Louisiana LNG will position Woodside as a global LNG powerhouse, enabling the company to deliver approximately 24 Mtpa from its global LNG portfolio …

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US Urges Eastern Europe to Split From EU Energy Transition Aims

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By Maciej Martewicz The US wants central and eastern European countries to join its path of “energy freedom” instead of following the wider region’s transition to a net zero economy, Energy Secretary Chris Wright said in Warsaw. The Energy Secretary told the Three Seas Business Forum — which numerous leaders from the region attended Monday …

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Why Cheap Oil Relieves Some, Worries Other Countries

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By Julian Lee and Alex Longley When US President Donald Trump was inaugurated to his second term as president on Jan. 20, oil prices were close to the highs of the summer before. By early April, they had fallen to a four-year low, and ticked up only slightly later in the month. The lower crude …

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US Natgas Prices Jump 5% to 1-Week High Ahead of Contract Expiration

Conventional Energy, Latest, LNG, Natural Gas, US News / By mark

(Reuters) – U.S. natural gas futures jumped about 5% to a one-week high on Monday in light trade ahead of the expiration of the front-month contract on forecasts for higher demand this week than previously expected. Earlier in the day, prices slid about 2% to a five-month low on rising output and forecasts for mild …

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Woodside in Talks to Sell Louisiana LNG Stake to Kuwait Petroleum Unit, Bloomberg News Reports

Conventional Energy, Latest, LNG, US News / By mark

(Reuters) – Woodside Energy is in talks with an overseas unit of Kuwait Petroleum to sell a stake in its Louisiana liquefied natural gas plant in the U.S., Bloomberg News reported on Monday, citing people with knowledge of the matter. The overseas unit, Kuwait Foreign Petroleum Exploration, is also considering securing LNG supply from the …

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Greek Shippers Return to Russian Oil Market as Prices Slip Below G7 Cap, Sources Say

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MOSCOW, April 28 (Reuters) – Greek shipowners are returning to Russia’s Urals oil market as the price slides below the Western price cap of $60 per barrel, allowing them to provide transport and insurance services while complying with sanctions, three trading sources said. The price cap introduced by the Group of Seven countries does not …

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