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☆ Delfin signs 15-year LNG supply agreement with Gunvor
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +1 min

Nov 27 (Reuters) - Delfin Midstream Inc said on Monday it had entered into a long-term liquefied natural gas (LNG) supply agreement with global commodity trader Gunvor. Delfin said in a news release its LNG plant in Louisiana will supply between 500,000 to 1 million tonnes of LNG per annum to Gunvor on a free-on-board basis at Delfin Deepwater Port for at least 15 years. Delfin has been developing the Delfin LNG Deepwater Port project supporting up to four floating LNG vessels with a combined export capacity of about 13.3 million tons per annum (MTPA), the release said. The company secured commercial agreements for LNG sales, liquefaction services and is in the final phase towards final investment decisions (FID) on its first three floating LNG vessels, the release added. Reporting by Deep Vakil and Rahul Paswan in Bengaluru; Editing by David GregorioOur Standards: The Thomson Reuters Trust Principles.

Persons: Delfin Midstream, Delfin, Vakil, Rahul Paswan, David Gregorio Our Organizations: Delfin Midstream Inc, Delfin Deepwater Port, Delfin, Tellurian Inc, Singapore, Ltd, Thomson Locations: Louisiana, Mexico, Bengaluru

☆ EPA orders Norfolk Southern to perform additional cleanup following Ohio derailment
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: +2 min

The EPA said it also ordered Norfolk Southern to conduct additional investigations into oily sheen, or film, on water and sediments in two creeks in East Palestine. "Through this order, Norfolk Southern will take a thorough look at the waterways to ensure there are no lasting impacts from the derailment," EPA Regional Administrator Debra Shore said. Norfolk Southern said the order "formalizes the continuation of work that has been ongoing since the derailment under a different regulatory scheme. Norfolk Southern remains cooperative, working with EPA and Ohio EPA at the site, and will continue to address derailment-related impacts in the waterways of Sulphur and Leslie Runs." In February, EPA issued a Superfund unilateral administrative order, compelling Norfolk Southern to eliminate spilled materials and contaminated soil from the location of train derailment.

Persons: Alan Freed, Leslie, Debra Shore, Leslie Runs, Sherin Elizabeth Varghese, Rahul Paswan, Leslie Adler Organizations: REUTERS, Environmental Protection Agency, Norfolk Southern Corp, EPA, Norfolk, Norfolk Southern, Ohio EPA, Thomson Locations: East Palestine , Ohio, U.S, Norfolk Southern, East Palestine, Ohio, Pennsylvania, Sulphur, Norfolk, Bengaluru

☆ Texas Power Grid Seeks to Increase Operating Reserves for Winter Preparation
▼ + stars: | 2023-10-02 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +1 min

(Reuters) - The Electric Reliability Council of Texas (ERCOT) issued a Request for Proposal (RFP) on Monday to increase operating reserves adding up to an additional 3,000 MW for the upcoming winter peak load season. The RFP seeks capacity from both dispatchable generation and demand response solutions to cover the period of Dec. 1, 2023, through Feb. 29, 2024, the Texas power grid operator added. The capacity request was informed by several factors, mainly significant peak load growth since last winter, proposed retirements of dispatchable generation resources, and extreme winter weather events, added the grid operator. ERCOT which operates the grid for more than 26 million customers hit an all-time high of 85,435 MW on Aug. 10, due to the brutal heat wave. Winter Storm Elliott brought sub-freezing temperatures and extreme weather alerts to about two-thirds of the United States knocking out power for more than 1.5 million homes and businesses.

Persons: Pablo Vegas, MORA, Storm Elliott, Rahul Paswan, Stephen Coates Organizations: Reuters, Reliability, of Texas, Storm Locations: Texas, United States, Bengaluru

☆ Over 95% chance of El Nino conditions from January to March 2024, US forecaster says
▼ + stars: | 2023-09-14 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Adnan Abidi/File photo Acquire Licensing RightsSept 13 (Reuters) - There is a more than 95% chance that the El Niño weather pattern will continue through the Northern Hemisphere winter from January - March 2024, a U.S. government forecaster said on Thursday, bringing more extreme conditions. "In August, sea surface temperatures were above average across the equatorial Pacific ocean, with strengthening in the central and east-central Pacific," the Climate Prediction Center (CPC) said. El Nino is a warming of ocean surface temperatures in the eastern and central Pacific, and can provoke extreme weather phenomena from wildfires to tropical cyclones and prolonged droughts. On Tuesday, Australia's weather bureau said that El Nino indicators had strengthened and the weather event would likely develop between September and November, bringing hotter and drier conditions to Australia. "Despite nearly the same ensemble mean amplitude as last month, the shorter forecast horizon means that the odds of at least a 'strong' El Niño have increased to 71%," CPC said.

Persons: Adnan Abidi, El Nino, Chris Hyde, Brijesh Patel, Seher Dareen, Rahul Paswan, Sharon Singleton Organizations: REUTERS, Prediction Center, El, El Nino, CPC, World Meteorological Organization, India, Thomson Locations: Ballia District, Uttar Pradesh, India, U.S, Pacific, South Africa, Southeast Asia, Australia, Brazil, Asia, Africa, Bengaluru

☆ US Declares Public Health Emergency in Georgia After Hurricane Idalia
▼ + stars: | 2023-09-13 | by ( Sept. | At A.M. | ) www.usnews.com time to read: +1 min

(Reuters) - The U.S. Department of Health and Human Services (HHS) on Wednesday declared a public health emergency (PHE) for the state of Georgia to deal with the ramifications of Hurricane Idalia. The hurricane hit Florida's Gulf Coast in late August with fierce winds, torrential rains and pounding surf before turning to southeastern Georgia, where floodwater trapped some residents in their homes. With the PHE declaration, healthcare providers and suppliers will have greater flexibility in meeting emergency needs of people covered by the Medicare and Medicaid health plans, the HHS said. "We are working closely with state and local health authorities, as well as our partners across the federal government, and stand ready to provide additional public health and medical support," said health secretary Xavier Becerra. The declaration waives certain requirements such as physicians or other healthcare professionals needing to hold licenses in the state in which they provide services.

Persons: floodwater, Xavier Becerra, Christy Santhosh, Rahul Paswan, Krishna Chandra Eluri Organizations: Reuters, U.S . Department of Health, Human Services, Wednesday, HHS Locations: Georgia, Coast, Bengaluru

☆ Texas Power Grid to Resume Normal Operations, Cancels Emergency Alerts
▼ + stars: | 2023-09-06 | by ( Sept. | At P.M. | ) www.usnews.com time to read: +1 min

(Reuters) - The Texas power grid operator said late on Wednesday it was resuming normal operations after lifting emergency measures, but still encouraged users to reduce power electric use. The Electric Reliability Council of Texas (ERCOT), which serves more than 26 million customers, had earlier declared an Energy Emergency Alert Level 2 (EEA 2), as operating reserves continued to drop. "No power outages associated with the ERCOT power grid were necessary," ERCOT said, adding that Texas had set a new September peak demand record of 82,705 Megawatts (MW). That was still below its all-time peak demand record of 85,435 MW hit on Aug. 10. Real-time power prices briefly hovered around $5,000 in most of ERCOT's Texas hubs, according to the ERCOT website.

Persons: ERCOT, Swati Verma, Rahul Paswan, Sherin Elizabeth Varghese, Ashitha, Richard Chang, Jamie Freed, Kim Coghill Organizations: Reuters, Reliability, of Texas, Energy, Texas Locations: Texas, EEA, ERCOT's Texas, Bengaluru

Utility poles lead to downtown Dallas during a heat advisory due to scorching weather in Dallas, Texas, U.S. July 12, 2022. REUTERS/Shelby Tauber/File Photo Acquire Licensing RightsCompanies Texas Power Systems FollowAug 25 (Reuters) - Texas power prices hit a 30-month high with demand expected to reach record-breaking levels on Friary as homes and businesses crank up their air conditioners to escape a scorching heat wave. The state grid that supplies power to 26 million customers was operating normally Friday morning, but supplies are expected to tighten when the sun goes down and solar power drops, according to the Electric Reliability Council of Texas (ERCOT) grid operator's website. To reduce demand, the grid urged consumers to conserve energy for a second day in a row on Friday afternoon. The fragility of the Texas grid was highlighted in 2021 when a massive blackout killed dozens and left millions without power, water and heat for days as gas supply lines and power plants froze.

Persons: Shelby Tauber, ERCOT, Scott DiSavino, Rahul Paswan, Susan Fenton, Emelia, Marguerita Choy Organizations: REUTERS, Rights Companies Texas Power, Electric, of Texas, National Weather Service, Thomson Locations: Dallas, Dallas , Texas, U.S, Texas, Friary, Houston, New York

☆ Storm brewing in Gulf of Mexico to strengthen en route to Texas
▼ + stars: | 2023-08-21 | by ( ) www.reuters.com time to read: +1 min

A graphic map shows a two-day tropical weather forecast above Atlantic ocean in this handout image obtained August 21, 2023. National Hurricane Centre/NOAA/Handout via REUTERS THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY Acquire Licensing RightsAug 21 (Reuters) - A storm system brewing in the Gulf of Mexico could strengthen into a named storm as it takes aim at the Texas coast, the U.S. National Hurricane Center said on Monday. There are a total of five storm systems now swirling in the Atlantic Ocean, with U.S. forecasters recently saying they now expect a more dangerous Atlantic storm season than previously projected. Tropical storms are closely watched, especially in the Gulf of Mexico, because of the threat they pose to offshore oil and natural gas production in the United States and Mexico. Offshore operations in the U.S.-regulated northern Gulf of Mexico accounts for 15% of total crude oil production and 5% of total dry natural gas output.

Persons: Harshit Verma, Rahul Paswan, Jonathan Oatis, Sandra Maler Organizations: National Hurricane Centre, REUTERS, U.S, National Hurricane Center, Thomson Locations: Gulf, Mexico, Texas, Port Mansfield , Texas, Miami, Gulf of Mexico, United States, U.S, Bengaluru

☆ Tennessee natgas pipeline declares force majeure due to fire
▼ + stars: | 2023-08-18 | by ( ) www.reuters.com time to read: +1 min

The headquarters of U.S. energy exporter and pipeline operator Kinder Morgan Inc. is seen in Houston, Texas, U.S. September 27, 2020. REUTERS/Gary McWilliams Acquire Licensing RightsAug 18 (Reuters) - Kinder Morgan (KMI.N) unit Tennessee Gas Pipeline on Friday declared force majeure due to an explosion and fire caused by equipment failure at a compressor station near Centerville in Hickman County. The fire was extinguished, and there were no injuries and all personnel had been evacuated, the company told Reuters in an email, adding that Highway 48 has been isolated and closed as a precaution. Tennessee Pipeline is an interstate natural gas pipeline system that gathers gas from basins between Texas and Alabama and delivers it to the Northeast, Midwest and Southeast. Reporting by Seher Dareen and Rahul Paswan in Bengaluru Editing by Marguerita ChoyOur Standards: The Thomson Reuters Trust Principles.

Persons: Gary McWilliams, Kinder Morgan, Seher Dareen, Rahul Paswan, Marguerita Choy Organizations: Kinder Morgan Inc, REUTERS, Tennessee Gas Pipeline, Reuters, Tennessee Pipeline, Thomson Locations: Houston , Texas, U.S, Centerville, Hickman County, Texas, Alabama, Midwest, Bengaluru

☆ Texas grid operator deploys emergency response service as reserves drop
▼ + stars: | 2023-08-17 | by ( ) www.reuters.com time to read: +2 min

A general view of electric lines as demand for power surges during a period of hot weather in Houston, Texas, U.S. June 27, 2023. REUTERS/Callaghan O’Hare/File Photo Acquire Licensing RightsAug 17 (Reuters) - The main grid operator in Texas said on Thursday it had engaged its emergency system after electricity reserves dropped below the critical 3,000 MW level due to increased power usage amid a heatwave. ERCOT said it also expected lower power reserves due to reduced wind generation. Real-time power prices rose above $5,000 in most of ERCOT Texas hubs, according to the ERCOT website. The grid operator had earlier urged consumers to conserve power between 3 p.m. CDT (2000 GMT) and 8 p.m. CDT on Thursday as demand surged.

Persons: Callaghan, ERCOT, Ashitha Shivaprasad, Rahul Paswan, Harshit Verma, Swati Verma, Chris Reese, Paul Simao, Diane Craft Organizations: REUTERS, Texas, Discount, NRG Energy, Thomson Locations: Houston , Texas, U.S, Texas, Houston, ERCOT Texas, Bengaluru

☆ Texas power use hits 3rd record this week in heat wave
▼ + stars: | 2023-08-10 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Callaghan O’Hare/File PhotoAug 10 (Reuters) - Demand for power in Texas hit a record high on Thursday for the third time this week and the tenth time this summer as homes and businesses cranked up air conditioners to escape a lingering heat wave. ERCOT said usage hit a preliminary 85,435 megawatts (MW) Thursday, which topped the record high of 83,961 MW hit on Wednesday. Thursday’s peak is 5,287 MW over last year’s demand record of 80,148 MW set in July 2022. The current demand record will likely be broken again on Friday with ERCOT forecasting usage will reach 86,621 MW. In the real-time market, prices briefly topped $4000 per megawatt hour in some Texas ERCOT hubs, according to its website.

Persons: Callaghan, ERCOT, Ashitha Shivaprasad, Rahul Paswan, Aurora Ellis, David Gregorio, Chris Reese Organizations: REUTERS, Reliability, of Texas, Thomson Locations: Houston , Texas, U.S, Texas, Houston, AccuWeather . Texas, Bengaluru

☆ Oil to drift lower as slower growth offsets OPEC+ cuts: Reuters poll
▼ + stars: | 2023-07-31 | by ( Rahul Paswan | ) www.reuters.com time to read: +2 min

A survey of 37 economists and analysts forecast Brent crude would average $81.95 a barrel in 2023, down from June's $83.03 consensus and current levels of around $85. Sluggish growth in top crude importer China has also weighed on oil prices so far in 2023. Global oil demand was expected to increase by about 1-2.1 million barrels per day (bpd) in 2023, led by China. "China's economic outlook may continue to disappoint but upside in oil demand is still possible with jet demand recovery from international flights later this year," said Ajay Parmar, associate director of global oil markets research at HSBC. Some of the analysts expected supplies to tighten and support oil prices in the latter part of this year after Saudi Arabia and Russia deepened output cuts in July.

Persons: Brent, Kpler, Ajay Parmar, John Paisie, Rahul Paswan, Brijesh Patel, Barbara Lewis Organizations: U.S . Federal Reserve, ECB, HSBC, Stratas Advisors, Thomson Locations: June's, Central, China, Saudi Arabia, Russia, Bengaluru

☆ US fines Texas oil company Callon Permian over emissions
▼ + stars: | 2023-07-13 | by ( ) www.reuters.com time to read: +1 min

July 13 (Reuters) - The U.S. Environmental Protection Agency (EPA) on Thursday said Callon Permian LLC was fined $1.3 million for excess emissions from tanks, flares and other equipment at company's oil and gas facilities in the West Texas Permian Basin. The EPA said it identified emissions using a helicopter equipped with a special infrared camera that detects hydrocarbon leaks. The company failed to comply with requirements for flares, tanks, and combustors as well as general requirements of the federally approved Texas State Implementation Plan, the EPA said. Callon will perform corrective actions at 13 of its oil and gas facilities in the West Texas Permian Basin, resulting in an estimated reduction of over 1.2 million pounds of volatile organic compound (VOCs) emissions, the agency said. Reporting by Daksh Grover and Rahul Paswan in Bengaluru; Editing by David GregorioOur Standards: The Thomson Reuters Trust Principles.

Persons: Callon, VOCs, Daksh Grover, Rahul Paswan, David Gregorio Our Organizations: Environmental Protection Agency, EPA, Thomson Locations: West Texas, Texas, Bengaluru

☆ Russia's National Bank Trust sues commodity traders for over $1 billion
▼ + stars: | 2023-05-05 | by ( ) www.reuters.com time to read: +2 min

May 5 (Reuters) - Russian bank National Bank Trust said it had filed a lawsuit in the British Virgin Islands against a number of major commodity traders and was seeking over $1 billion in relation to what it said was fraud. The case is linked to the central bank's 2017 bailout of two private banks - Rost Bank and B&N Bank (Binbank). National Bank Trust is the legal successor to Rost Bank, which it says was defrauded by employees working for the commodity traders. A Bank Trust spokesperson said its international legal teams had carried out a large-scale investigation and it had extensive evidence to support its case. The central bank aims to liquidate Bank Trust in 2027.

☆ Barclays cuts 2023 oil price forecasts on resilient Russian output
▼ + stars: | 2023-03-08 | by ( ) www.reuters.com time to read: +2 min

Companies Barclays PLC FollowMarch 8 (Reuters) - Barclays cut its 2023 oil price forecasts on Wednesday, due in part to more resilient output from Russia than expected, and said the market could flip into a deficit in the second half of the year due to growing demand in China. China's oil demand could increase by 500,000 to 600,000 bpd in 2023, Haitham Al Ghais, the secretary general of the Organization of the Petroleum Exporting Countries (OPEC), said on Tuesday at the CERAWEEK conference, with global oil demand seen rising by 2.3 million bpd in 2023. Barclays, meanwhile, revised its 2023 demand estimate 150,000 bpd higher due in part to a somewhat improved growth outlook for the United States and Europe. It sees a 900,000 bpd increase in Chinese demand this year. The Group of Seven economies, the European Union and Australia agreed a price cap on Russian oil late last year, aiming to deprive Moscow of funds for its war in Ukraine.

☆ U.S. sets up office to oversee abandoned oil well cleanup
▼ + stars: | 2023-01-10 | by ( ) www.reuters.com time to read: +2 min

Jan 10 (Reuters) - U.S. Secretary of the Interior Deb Haaland on Tuesday issued an order to establish an office to ensure efficient use of the Biden administration's $4.7 billion investment in the cleanup of abandoned oil and gas wells. The Orphaned Wells Program Office will be led by Kimbra Davis, who has worked at the Interior Department since 2009. Orphaned oil and gas wells are those that generally have been abandoned and are no longer producing. "The Department is standing up a new office to support states, tribes and federal land managers as they close and remediate orphaned oil and gas wells that pose environmental hazards to communities across the country," Haaland said in a statement. The number of abandoned U.S. wells has grown over the last decade, and many experts believe it will keep growing as fossil fuels are replaced with cleaner energy.

☆ Over 220,000 still without power due to California storm
▼ + stars: | 2023-01-10 | by ( ) www.reuters.com time to read: +1 min

Jan 10 (Reuters) - More than 220,000 homes and businesses were still without power on Tuesday, as severe flooding hits California after a massive storm last week, according to data from PowerOutage.us. According to PowerOutage.us, the utility with the most outages was Pacific Gas and Electric Co (PG&E) with over 190,000 customers without power, followed by Sacramento Municipal Utility District at 22,900. A tree blocks a roadway after it fell in high winds during a winter storm in West Sacramento, California, U.S. January 8, 2023. REUTERS/Fred GreavesPG&E is a unit of California energy company PG&E Corp (PCG.N). At least a dozen fatalities have been attributed to several back-to-back storms that have lashed California since Dec. 26.

☆ California storm leaves over 120,000 still without power
▼ + stars: | 2023-01-09 | by ( ) www.reuters.com time to read: +1 min

Jan 9 (Reuters) - More than 120,000 homes and businesses were still without power in California early on Monday, according to data from PowerOutage.us, after a massive storm last week that disrupted road travel with flash floods, rock slides and toppled trees. At least 12 fatalities have been reported from weather-related incidents in California in the past 10 days, Governor Gavin Newsom told a news conference. According to PowerOutage.us, the utility with the most outages was Pacific Gas and Electric Co (PG&E) with over 73,000 customers without power, followed by Sacramento Municipal Utility District at 50,000. PG&E is a unit of California energy company PG&E Corp (PCG.N). Reporting by Rahul Paswan and Brijesh Patel in Bengaluru; editing by David EvansOur Standards: The Thomson Reuters Trust Principles.

☆ Factbox: Over a million without power on U.S. East Coast and Texas due to winter storms
▼ + stars: | 2022-12-23 | by ( ) www.reuters.com time to read: +1 min

Dec 23 (Reuters) - More than a million homes and businesses were without power on the U.S. East Coast, Midwest and Texas on Friday as winter storms battered much of the country, according to data from PowerOutage.us. Most outages were in North Carolina, with over 164,000 customers without power, followed by Virginia with over 92,000 and Connecticut with more than 89,000. More than a dozen other states east of the Mississippi River plus Oregon, Washington state, Missouri, Louisiana and Arkansas west of the Mississippi River each have more than 10,000 customers facing outages due to winter storms. Temperatures in northern Georgia were forecast to hit just 10 degrees Fahrenheit (-12 Celsius) with subzero wind chills. The utility with the most outages was Duke Energy Corp (DUK.N) with over 100,000 customers without power.

☆ U.S. NHC says Ian now a Category 3 hurricane
▼ + stars: | 2022-09-29 | by ( ) www.reuters.com time to read: 1 min

Sept 28 (Reuters) - Ian is a Category 3 hurricane and further weakening is expected in the next few days the U.S. National Hurricane Center (NHC) said in its latest advisory on Wednesday. Ian is located about 95 miles (150 km) south-southwest of Orlando, Florida, packing maximum sustained winds of 115 miles per hour (185 km/h) the Miami-based weather forecaster said. "Ian could be near hurricane strength when it moves over the Florida East coast tomorrow, and when it approaches the northeastern Florida, Georgia and South Carolina coasts on Friday," the NHC added. Register now for FREE unlimited access to Reuters.com RegisterReporting by Rahul Paswan in Bengaluru; Editing by Jacqueline WongOur Standards: The Thomson Reuters Trust Principles.

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