The U.S. State Department is intensifying efforts to derail Russia’s Arctic LNG 2 exports by targeting companies involved in the development of the project and vessels found to have loaded LNG from the facility. Located in the Gydan Peninsula in the Arctic, the Arctic LNG 2 project was considered key …
Read More »U.S. Oil, Gas Drilling Activity Declines
The total number of active drilling rigs for oil and gas in the United States fell again this week, according to new data that Baker Hughes published on Friday. The total rig count fell by 1 to 585 this week, compared to 632 rigs this same time last year. The …
Read More »U.S. Sanctions Seven Ships Tied to Russia’s LNG Export Fleet
The U.S. has imposed sanctions on seven liquefied natural gas carriers linked to Russia, including vessels believed to have loaded at its newest export facility in the Arctic region. LNG vessels included Pioneer and Asya Energy, which loaded the first two shipments from the Arctic LNG 2 project previously sanctioned …
Read More »U.S. LNG Struggles to Balance Growth with Sustainability
The United States became the world’s largest exporter of liquefied natural gas a year ago amid a flood of cheap natural gas from the shale wells of Texas and New Mexico that prompted a series of LNG projects along the Gulf Coast. Lately, however, the industry has started to lose …
Read More »Russia Reiterates Claims of U.S. Involvement in Nord Stream Explosions
Russia’s Foreign Minister Sergei Lavrov has claimed that the United States issued the order for the 2022 attacks on the Nord Stream gas pipelines. On 26 September 2022, a series of underwater explosions occurred on 3 of 4 pipes of the Nord Stream 1 (NS1) and Nord Stream 2 (NS2) …
Read More »Tech Companies are Racing to Harness Nuclear Power
With the demand for power increasing rapidly, tech companies are looking for innovative solutions to meet the demand created by artificial intelligence (AI) and other new technologies. In addition to solar and wind power, several tech companies are investing in nuclear energy projects to power operations. The clear shift in …
Read More »A New Era for Nuclear Power in the U.S.
The U.S. Palisades Power Plant could become the first nuclear plant to reopen in the U.S. after shutting down, potentially signaling a new era for U.S. nuclear power. As the U.S. government supports a new wave of nuclear reactor development, in support of a green transition, the reopening of existing …
Read More »Oil Prices Tick down after Surprise Rise in US Crude Stockpiles
Oil prices edged lower on Wednesday after U.S. crude inventories rose unexpectedly and as worries that a wider Middle East conflict could threaten production in one of the world’s major regions for crude production eased slightly. Brent crude futures slipped 41 cents, or 0.5%, to $80.28 a barrel by 10:36 …
Read More »EIA Raises 2024 Forecast for U.S. Crude Oil Demand
The U.S. Energy Information Administration (EIA) has raised its forecast for crude oil demand in the United States, according to the agency’s Short-Term Energy Outlook released today—although its price outlook for this year and next has been revised down. The EIA now sees U.S. petroleum and other liquid fuels consumption …
Read More »Oil Prices Dip amid Unexpected US Inventory Build, Supply Concerns
Oil prices slipped in early Asian trading on Wednesday following a brief rebound in the previous session after industry data showed an unexpected build in US crude oil and gasoline inventories, offsetting global oil supply concerns. Brent crude futures fell 21 cents, or 0.27%, to $76.27 a barrel by 0020 …
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