Post Tagged with: "US"

Source: Reuters

U.S. to kick off latest offshore wind auction for Carolina coast

Reuters


The Biden administration on Wednesday will hold a wind energy auction for two areas off the coast of North and South Carolina, its second such offering this year.

The sale is part of the government’s broad push to put …

Source: Reuters

Exclusive: U.S. asked Brazil’s Petrobras if it could raise oil output; it said no

Reuters


U.S. government officials in March asked Brazil’s state-run oil company Petrobras whether it could increase crude output after Russia’s invasion of Ukraine sent global prices soaring, three people with knowledge of the matter told Reuters.

They came away empty-handed, …

Source: Reuters

Rising calls for U.S. LNG revive stalled export projects, but at higher costs

Reuters


Soaring demand for U.S. liquefied natural gas (LNG) as buyers steer clear of Russian fuel is putting some long-stalled U.S. export projects back on track. But rising costs for materials and labor threaten to snarl these plants once again.…

Source: CNBC

U.S.-EU gas deal won’t be enough to replace Russian supply, says former U.S. energy secretary

CNBC


The gas deal between the U.S. and EU is important, but won’t be able to make up the shortfall from Russia, former U.S. energy secretary Dan Brouillette said on Monday.

The U.S. said it will work with international partners …

Source: CNBC

EU strikes gas deal with the U.S. as it seeks to cut its reliance on Russia

CNBC


The U.S. said Friday it will work with international partners to provide at least 15 billion cubic meters more of liquified natural gas to Europe this year, seeking to end the bloc’s dependence on Russian energy exports following the

Source: Reuters

Aramco health adds spice to Saudi’s yuan dilemma

Reuters


LONDON (March 21): Saudi Aramco is giving Mohammed bin Salman extra firepower in his beef with Joe Biden. Saudi Arabia’s $2.3 trillion oil behemoth wants to increase its maximum output as crude prices soar.

That adds spice to tensions …

Source: CNBC

Hess CEO says oil is in the ‘intensive care unit’ — U.S., other nations need to act

CNBC


The CEO of Hess Corporation told CNBC on Tuesday he believes the U.S. and other nations should be doing more to help stabilize oil prices, as the Russia-Ukraine war continues to impact energy markets.

“The oil market now is …

Source: Reuters

U.S. may act alone to ban Russian oil imports – sources

Yahoo News


WASHINGTON – The Biden administration is willing to move ahead with a ban on Russian oil imports into the United States without the participation of allies in Europe, two people familiar with the matter told Reuters, after Russia’s …

Source: Reuters

U.S. kicks off its biggest offshore wind auction

Nasdaq


Feb 23 – The United States on Wednesday kicked off its biggest ever sale of offshore wind development rights in an area covering nearly half a million acres off the coasts of New York and New Jersey.

It is …

Source: World Oil

U.S. sees record oil production next year moving even higher

World Oil


(Bloomberg) — U.S. oil production will grow even more than the government previously expected as a scorching price rally drives producers to boost drilling.

Oil output will average 12.6 million barrels a day in 2023, an increase from …

Source: Reuters

Exclusive-U.S. weighs Chevron request to take Venezuela oil for debt payments -sources

Yahoo Finance


HOUSTON/WASHINGTON – The Biden administration is considering a Chevron Corp proposal to allow the U.S. oil major to accept and trade Venezuelan oil cargoes to recoup unpaid debt, four people close to the discussions said.

Chevron representatives in …

Source: Reuters

Column: U.S. energy-related emissions likely to rise in 2022 and 2023

Reuters


U.S. energy-related carbon dioxide emissions are forecast to rise this year and next as strong economic growth overwhelms increases in energy efficiency, deployment of renewables and roll-out of electric vehicles.

The anticipated increase in emissions shows the United States

Source: Oil Now

U.S. responding to soaring natural gas prices with major supply ramp up

Oil Now


“We have furnished the British great material support and we will furnish far more in the future. There will be no ‘bottlenecks’ in our determination to aid Great Britain.” President Franklin D. Roosevelt’s resounding commitment in 1940 to …

Source: World Oil

U.S. says Iran “dragging its feet” on return to nuclear deal

World Oil


(Bloomberg) –Talks on reviving the Iran nuclear deal that have resumed in Vienna show some progress but it’s “far too slow,” a U.S. official said Tuesday.

“Iran has at best been dragging its feet in the talks while …

Source: Bloomberg

U.S. seeks to boost oil royalties to account for climate change

World Oil


WASHINGTON (Bloomberg) –The Biden administration on Friday issued a long-awaited blueprint for overhauling oil and gas development on federal lands that includes boosting royalty rates despite high gasoline prices that have spurred demands to accelerate domestic production.

The …

November 29, 2021 - 10:00 am Closing Bell Story‎, Crude Oil News, Energy News, Finance
Source: Reuters

U.S. considering a ban on crude oil exports, says House Democrat

World Oil


(Bloomberg) –A House Democrat who’s urging the White House to reduce oil prices by banning exports of U.S. crude oil says he’s been told the idea is under consideration.

Representative Ro Khanna of California said he disagrees with …

Source: World Oil

U.S. considers turning an 1890 antitrust law against OPEC to steer oil price

World Oil


WASHINGTON (Bloomberg) – Some U.S. lawmakers are seizing on the energy price surge to revive long-standing legislation that would subject the OPEC oil cartel to the same antitrust laws used more than century ago to break up Standard …

Source: World Oil

Apache eliminates routine gas flaring onshore U.S., completing ESG goal early

World Oil


HOUSTON – Apache Corporation has ended routine flaring in its U.S. onshore operations, achieving one of its 2021 ESG goals three months ahead of schedule.

 

“In early 2021, we set out to eliminate routine flaring in U.S. …

Source: Reuters

Oil drops below $70 as U.S. urges OPEC+ to pump more

Reuters


LONDON – Oil fell below $70 a barrel on Wednesday as the United States urged OPEC and its oil-producing partners to boost output, saying current production was not enough and could threaten the global economic recovery.

The price of …

Source: Fox Business

US, German deal on Russia’s Nord Stream 2 pipeline will ‘really undermine’ national security: Pompeo

Fox Business


Former Secretary of State Mike Pompeo slammed the Biden administration on Wednesday for the agreement with Germany, which would allow for the completion of the controversial Russian Nord Stream 2 natural gas pipeline, arguing that it would …

Source: Reuters

Germany, U.S. seek to resolve Nord Stream 2 dispute by end August -Altmaier

Reuters


BERLIN  – The conservative and Greens candidates to succeed German Chancellor Angela Merkel after September’s federal election clashed on Thursday on the Nord Stream 2 gas pipeline from Russia, and on whether Germany should host U.S nuclear weapons.

In …

Source: msn.com

US sells off Iranian oil from seized tanker

MSN


The United States recently seized a ship and then sold off the Iranian oil it was carrying, according to reports over the weekend.

U.S. authorities in February seized the Liberian-flagged tanker Achilleas off the coast of the United Arab
Source: CNBC

Tensions will likely grow as China seeks bigger role in the Arctic

CNBC


China’s ambitions to take a more significant role in the Arctic will likely lead to growing tensions, according to risk consultancy firm Control Risks.

China has developed a “prominent presence” in the region since joining the Arctic Council as …

Source: Reuters

Colonial Pipeline paid hackers nearly $5 million in ransom

Bloomberg


(Bloomberg) — Colonial Pipeline Co. paid nearly $5 million to Eastern European hackers on Friday, contradicting reports earlier this week that the company had no intention of paying an extortion fee to help restore the country’s largest fuel pipeline, …

Source: CNBC

Oil hits two-month high as Europe and U.S. reopen economies

CNBC


Oil rose on Tuesday to hit $70 a barrel for the first time since March, as expectations of demand recovery following reopenings of the European and U.S. economies offset concern over spreading coronavirus cases in Asia.

The British economy …

Source: Reuters

U.S., other countries deepen climate goals at Earth Day summit

Reuters


WASHINGTON – The United States and two other countries hiked their targets for slashing greenhouse gas emissions at a global climate summit hosted by President Joe Biden, an event meant to resurrect U.S. leadership in the fight against global …

Source: CNBC

U.S. and China’s next economic battle will be over climate change, experts say

CNBC


Having long been at loggerheads over tradetechnology and capital markets, the world’s foremost economic superpowers are turning their attention to climate change as the next path to commercial supremacy.

China outspent the U.S. by nearly 2-to-1 …

April 1, 2021 - 3:30 pm China, Closing Bell Story‎, Economy
Source: Reuters

Germany’s Greens vow to scrap Russian gas pipeline after election

Reuters


BERLIN – Germany’s Greens have enshrined in their election programme plans to abolish the contested Nord Stream 2 pipeline to ship Russian gas to Europe’s biggest economy, creating a hurdle to a potential alliance with the conservatives.

Chancellor Angela …

Source: Reuters

Column: India may join net-zero emissions club, but membership won’t be easy

Reuters


LAUNCESTON, Australia- India may be the last major climate change domino to fall into place as the government considers setting a target to reach net zero carbon emissions, in line with similar moves by other major polluters.

India is …

Source: Reuters

U.S. climate czar urges oil industry to hasten transition to renewables

Reuters


WASHINGTON – U.S. climate envoy John Kerry on Tuesday urged oil and gas companies to do more to diversify and adopt low-carbon technologies to tackle climate change.

Speaking alongside oil executives making the case for the continued production of …