US Drillers Add Oil and Gas Rigs for Third Week in a Row – Baker Hughes

(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 December 2023, 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 two …

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Trump Approves LNG Exports, Creates Energy Council to Boost US Oil, Gas

By Jarrett Renshaw and Timothy Gardner WASHINGTON, Feb 14 (Reuters) – President Donald Trump’s administration said on Friday it has granted a liquefied natural gas export license to Commonwealth LNG in Louisiana, the first approval of exports of the resource after former President Joe Biden paused them early last year. The exports are approved to …

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Sweeping US Energy Department Layoffs Hit Offices of Loans, Nuclear Security, Sources Say

By Timothy Gardner and Valerie Volcovici Layoffs hit nuclear offices in security and Cold War cleanup Some NNSA firings were rescinded, essentials can stay -source Loan Programs Office loses 45 workers, grid office 18 DOE has about 14,000 employees, 95,000 contractors WASHINGTON, Feb 14 (Reuters) – The administration of U.S. President Donald Trump has laid …

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US Senators Reintroduce Bill to Allow Year-Round, Nationwide E15 Sales

By Stephanie Kelly NEW YORK, Feb 13 (Reuters) – U.S. senators reintroduced a bipartisan bill on Thursday that would allow nationwide sales of gasoline with a higher blend of ethanol year-round, a plan that has the support of a leading oil trade group. Senator Deb Fischer, a Republican from Nebraska, introduced the bill with senators …

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Russia Seen Struggling to Reach its LNG Targets, Experts Say

(Reuters) – Exports of Russia’s liquefied natural gas (LNG) will likely not exceed 67 million metric tons by 2030, falling far short of its 100 million target due to international sanctions, experts said at an industry conference on Friday. Russia has focused on development of LNG, which could be delivered by sea tankers, as its …

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