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(Reuters) – Oil and gas firm APA Corp said on Tuesday it curtailed production by about 91 million cubic feet per day of U.S. natural gas and 7,600 barrels per day of U.S. natural gas liquids in the fourth quarter in response to weak prices. It expects fourth-quarter average realized natural gas prices in the …
APA Curtails Quarterly US Natgas, NGL Production on Weak Prices Read More »
(Reuters) – U.S. President Donald Trump said on Tuesday that his administration had taken 50 million barrels of oil out of Venezuela, and was selling some of it in the open market. “We’ve taken 50 million barrels of oil out of Venezuela in the first four days. We’ve got millions of barrels of oil left. …
Trump Says US Has Taken 50 Million Barrels of Oil Out of Venezuela Read More »
(Reuters) – Blackstone is in talks to sell its Beacon Offshore Energy, which operates oil and gas assets in the U.S. Gulf of Mexico for more than $5 billion, Bloomberg News reported on Tuesday, citing people familiar with the matter. The asset manager has begun early talks with investment banks about a possible listing of …
Blackstone Weighs $5 Billion Sale of Beacon Offshore, Bloomberg News Reports Read More »
(Reuters) – U.S. natural gas futures soared 27% to a three-week high on Tuesday on forecasts for much colder weather and higher heating demand over the next two weeks than previously expected that forced some traders to cover short positions. After falling to a 13-week low before the long Martin Luther King Jr. holiday weekend, …
US Natgas Futures Soar 27% to 3-Week High on Frigid Weather Forecasts, Short Covering Read More »
By Sing Yee Ong US natural gas futures jumped as the weather outlook for late January shifted colder, with blasts of Arctic air set to sweep the eastern part of the country, raising demand for the fuel that’s used for heating and power generation. Futures for February delivery rose as much as 14% to $3.550/mmbtu …
US Natural Gas Jumps on Colder Outlook for Last Week of January Read More »
To speed the construction of new energy plants, the Trump administration called for an emergency power auction. They favor gas, coal and nuclear. By Josh Saul When the Trump administration called Friday for an emergency power auction in an ambitious bid to speed the construction of big power plants and tame skyrocketing power bills, top …
Trump Is Pushing Gas to Power AI Boom, But Building Plants Takes Years Read More »
Summary Chevron’s export capacity from Venezuela could increase with new license terms US aims to sell Venezuelan oil at higher prices post-Maduro Funds from oil sales may eventually move to US banks, Energy Secretary Wright suggests (Reuters) – The U.S. is moving as fast as it can to grant Chevron an expanded license for its …
US Moving Fast to Expand Chevron’s Venezuela License – Energy Secretary Wright Read More »
(Reuters) – Oil prices were little changed on Monday, after rising in the previous session, as Iran’s deadly crackdown on protests quelled the civil unrest in the country, reducing the chance of a U.S. attack on the major Middle Eastern producer that could disrupt supplies. Brent crude was trading at $64.18 a barrel by 0158 …
Oil Prices steady as Ebbing Iranian Protests Lower Chance of US Attack Read More »
The U.S. offshore wind industry has faced other difficulties, including soaring inflation and supply chain snarls Bloomberg News Dominion said in court papers that it is losing about US$5 million a day on vessel contracts alone because of the Dominion Energy Inc. can restart construction of a wind project off the coast of Virginia while it continues …
Judge Says Dominion Energy Can Resume Wind Project U.S. Halted Read More »
Summary Companies Governors, Trump administration sign two-year price cap deal for future PJM power auction PJM grid covers 67 million people in 13 mid-Atlantic and inland states Rising power bills cause political backlash in PJM region(Reuters) – The White House on Friday urged the largest U.S. electric grid to conduct an emergency power auction to …
White House Seeks Emergency Power Auction for Largest US Electric Grid Read More »
