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News

US power use to reach record highs in 2025 and 2026, EIA says

September 9, 202510:50 AM Reuters0 Comments

U.S. power consumption will hit record highs in 2025 and 2026, the Energy Information Administration said in its short-term energy outlook (STEO) on Tuesday. The EIA projected power demand will rise to 4,187 billion kilowatt-hours (kWh) in 2025 and 4,305 billion kWh in 2026, up from a record 4,097 billion kWh in 2024. Those demand increases come in part from data centers dedicated to artificial intelligence and cryptocurrency and as homes and businesses use more electricity and less fossil [Read more]

Exxon bullish on China’s LNG demand, eyes new markets

September 9, 20259:58 AM Reuters0 Comments

LNG Tanker

Exxon Mobil expects strong growth in demand for liquefied natural gas (LNG) in China, driven by transport and marine sectors, and sees rising opportunities in new markets across Asia Pacific, Africa and Latin America, a senior company executive told Reuters on Tuesday. China, the world's largest LNG importer, signed deals on September 2 to boost gas supply through the existing Power of Siberia pipeline and to build the Power of Siberia 2, raising concerns in that this could displace China's [Read more]

Exxon Mobil LNG

Chevron plots LNG growth in Europe with regasification terminal talks, executive says

September 9, 20259:45 AM Reuters0 Comments

U.S. oil major Chevron is in early-stage talks to explore opportunities in European regasification terminals, as part of its strategy to expand its global presence in the liquefied natural gas market, a senior executive told Reuters. The U.S. has become Europe's top LNG supplier since the continent sharply reduced its imports of Russian gas following Moscow's invasion of Ukraine in 2022. Chevron, which is contracted to export 7 million tons per annum of LNG from the U.S. starting in 2026, [Read more]

Chevron LNG Shell TotalEnergies

Efficiency at the Source: SECURE’s Centrifuge Services Streamline Your Waste Management

September 9, 20256:53 AM BOE Report Staff

Recover oil. Reduce offsite waste transport. Recycle water. SECURE’s onsite centrifuge services provides a practical way to achieve all three. By processing waste at the source, centrifuge systems return oil to the production stream, recycle water for reuse and minimize the volume of material requiring offsite transport. The result is a straightforward approach that reduces costs, lowers environmental impact and improves operational efficiency. Key Offerings Include: Slop Oil [Read more]

Over 2,000 New Listings on Fuelled, Including Vac Truck Liquidations and Local Power Equipment in Short Supply

September 9, 20256:52 AM BOE Report Staff

CALGARY, Alberta - Fuelled, the Amazon of surplus equipment, has added over 2,000 listings to the platform so far this year. Many of the items added recently are part of packages that must go, resulting in opportunities for buyers. Top Deals One of the best opportunities is several trucks, generators, and structures that must be sold. All offers on these items will be considered over the next two weeks. These items can be found here, and they include 2 2024 Western Tri-Axle Semi Vac Trucks [Read more]

The great energy vibe shift – yes, pipelines are great

September 9, 20256:30 AM Terry Etam0 Comments

“The public, on the other hand…The public was like one of those huge Pacific jellyfish, one enormous, pulsating mass of indifference, drifting wherever the current carried it; an organism without a motive, ambition, or original sin to call its own, but which somehow believed, in whatever passed for its brain, that it chose its own leaders and had a say in its own destiny.” – Mick Herron, Real Tigers (third book of the Slough House series, best spy series ever) Cynical? Maybe a bit. Accurate? [Read more]

Carbon Tax Column

Cenovus selling stake in WRB Refining to joint venture partner Phillips 66 for $1.9B

September 9, 20255:47 AM The Canadian Press0 Comments

CALGARY - Cenovus Energy Inc. has signed a deal to sell its 50 per cent stake in WRB Refining LP to its joint venture partner Phillips 66 for about $1.9 billion. The WRB joint venture includes the Wood River Refinery in Illinois and the Borger Refinery in Texas. The operations have combined crude throughput capacity of 495,000 barrels per day or 247,500 barrels per day net to Cenovus. Once the deal is complete, Cenovus says its downstream business will have total crude throughput [Read more]

Cenovus

Cenovus Energy to sell interest in WRB Refining to Phillips 66

September 9, 20255:00 AM Globe Newswire

CALGARY, Alberta, Sept. 09, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced it has reached an agreement for the sale, indirectly through wholly-owned subsidiaries, of its 50% interest in WRB Refining LP (WRB) to its joint venture partner Phillips 66. The consideration will consist of US$1.4 billion in cash, or approximately C$1.9 billion, subject to customary closing adjustments. “This transaction aligns with our strategy of owning and operating the assets [Read more]

Cenovus

TotalEnergies CEO says NextDecade to announce FID on Rio Grande LNG train on Tuesday, CNBC reports

September 9, 20254:30 AM Reuters0 Comments

(adds CEO quote, NextDecade comment request; background on FID schedule and recent contracts for Rio Grande LNG) By America Hernandez PARIS, Sept 9 - TotalEnergies CEO Patrick Pouyanne said that U.S. liquefied natural gas developer NextDecade, in which Total holds a stake, will announce a final investment decision on an additional liquefaction unit at its Rio Grande LNG project later on Tuesday, in an interview with CNBC. The comments were made on the sidelines of the GasTech conference [Read more]

Chevron ConocoPhillips LNG TotalEnergies

Asian demand for US LNG unshaken by China-Russia pipeline plans, says Venture Global CEO

September 9, 20254:25 AM Reuters0 Comments

Recent gas agreements between China and Russia are unlikely to weaken Asian demand for U.S. liquefied natural gas (LNG), according to Michael Sabel, CEO of Venture Global LNG, the second-largest U.S. exporter of the fuel. China, the world's largest LNG importer, signed deals on September 2 to boost gas supply through the existing Power of Siberia pipeline and to build the Power of Siberia 2, raising concerns in that this could displace China's appetite for imported LNG. "Don't get too [Read more]

LNG Shell

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