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(Reuters) – U.S. natural gas futures climbed about 2% to a one-week high on Friday with flows to liquefied natural gas export plants back near record highs on the expected return to full service of Freeport LNG’s plant in Texas and on a planned jump in demand in two weeks with the coming of some …
US Natgas Futures Up 2% on Near-Record LNG Flows and Cold December Forecast Read More »
By Sheila Dang HOUSTON, Nov 21 (Reuters) – Exxon Mobil (XOM.N) has paused plans to build what would be one of the world’s largest hydrogen production facilities due to weak customer demand, CEO Darren Woods told Reuters in an interview on Friday. The suspension of the project, which had already experienced delays, reflects a wider …
Exxon Freezes Plans for Major Hydrogen Plant Amid Weak Customer Demand Read More »
Summary Russia-Ukraine peace deal could boost global crude supply Stronger dollar weighs on oil prices US sanctions on Lukoil and Rosneft to take effect on Friday (Reuters) – Oil prices eased about 1% on Friday to settle at one-month lows as the U.S. pushed for a Russia-Ukraine peace deal that could boost global oil supplies, …
Oil Prices Settle Down at Lowest in a Month as US Seeks Russia-Ukraine Peace Deal Read More »
(Reuters) – U.S. energy firms this week added oil and natural gas rigs for a third week in a row for the first time since September, 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 by five to …
US Drillers Add Oil and Gas Rigs for Third Week in a Row, Says Baker Hughes Read More »
(Reuters) – HOUSTON, Nov 21 – There are 10 hydraulic fracturing crews operating in North Dakota, down from 13 in October, the state regulator said on Friday, as weak oil prices push operators to put the brakes on activity. “This is seasonal however I do believe that some of the reduction there is related to …
North Dakota Frac Crew Count Slips to 10 in October, State Regulator Says Read More »
By Gavin Maguire LITTLETON, Colorado, Nov 21 (Reuters) – A potent mix of American ingenuity and full-throated political backing has propelled the U.S. to the top of global LNG exporter rankings, and promoted a narrative that shipments of “freedom gas” will continue climbing to all markets for years to come. But while U.S. liquefied natural …
COMMENTARY: US LNG Export Dominance to be Tested as Sellers Look Beyond Europe Read More »
U.S. liquefied natural gas company Freeport LNG’s export plant in Texas was on track to take in more natural gas on Friday in a sign that one of its three liquefaction trains has returned to service after shutting on Thursday, LSEG data and regulatory filings show. Freeport is one of the world’s most closely …
Freeport LNG’s Texas Export Plant to Take in More Natural Gas on Friday, Data Shows Read More »
Summary Permian Basin starts to show economic strain as oil prices hover around $60 Trump’s tariffs are pushing costs higher, eating into profitability Local businesses and employment suffer amid industry downturn Reuters) – At the heart of the U.S. shale industry in Texas, oil production is climbing. But you wouldn’t know that if you talked …
Shale Rigs Idle, Layoffs Rise as $60 Oil Tests Resilience of Permian Read More »
By Javier Blas Even after years of technological breakthroughs, the shale industry still leaves most of the oil underground. At best, American drillers siphon away 15% to 10% of what’s potentially available; the rest has remained thousands of feet under the surface. Until now. The next phase of the revolution — call it shale 4.0 …
Shale Oil’s Next Revolution Should Worry OPEC – Javier Blas Read More »
By Ari Natter The Trump administration is proposing to open new areas off of California, Florida and Alaska to crude drilling as part of a draft blueprint released Thursday that would dramatically expand the sale of oil and natural gas rights. In all, the Interior Department is proposing as many as 34 offshore lease sales …
Trump Plan Targets Florida, California for Coastal Oil Drilling Read More »
