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Cheniere to provide LNG cargo emissions data Christine Buurma, Bloomberg FacebookTwitterEmail Cheniere Energy s Sabine Pass export terminal in LouisianaLindsey Janies, stf / Washington Post Cheniere Energy Inc. has become the latest big supplier of liquefied natural gas to say it will provide customers with emissions data as concern grows over the fuel’s contributions to climate change. The data will quantify the estimated greenhouse gas emissions from wellhead to delivery point for LNG cargoes produced at Cheniere’s Sabine Pass export terminal in Louisiana and its Corpus Christi terminal in Texas, the company said Wednesday in a statement. Suppliers of the fuel are under increasing pressure from investors and environmental groups to disclose emissions. Earlier this month, Chevron Corp. signed a long-term supply deal with Singapore’s Pavilion Energy Pte that details each cargo’s carbon footprint. ....
Oil rally could extend into summer Elizabeth Low and Alex Longley, Bloomberg Feb. 24, 2021 FacebookTwitterEmail The effects of the winter storm in Texas may be seen on crude stockpiles when government data is released Wednesday.David Paul Morris / Bloomberg Oil climbed again, with mixed news on global inventories offset by expectations of a prolonged market rally into the summer. Futures in New York climbed as much as 1.4%, wiping out an earlier loss. The American Petroleum Institute reported crude inventories increased by 1.03 million barrels last week, though stockpiles at a key European storage hub are at their lowest level since September, according to Genscape. The structure of the futures curve continues to indicate tighter supply. ....
Texas refiners rush to fix leaks, broken pipes after storm Barbara Powell, Bloomberg FacebookTwitterEmail The brutal winter storm knocked out operations at many refineries along the Gulf Coast.Eddie Seal/Bloomberg Refineries in Texas are finding a return to normal after last week’s Arctic blast and widespread power outages is a messy, stop-and-start process. At least eight of them were trying to restart as of early Tuesday, with varying degrees of success. Some lacked all the power and water they needed to begin the process. All were grappling with storm-related damage, including water leaks, burst pipes, cracked pumping and other equipment damage. ....
Houston man hit with $2,700 power bill after snowstorm Yueqi Yang and Naureen S. Malik, Bloomberg Feb. 22, 2021 FacebookTwitterEmail HOUSTON, TEXAS - FEBRUARY 21: The U.S. and Texas flags fly in front of high voltage transmission towers on February 21, 2021 in Houston, Texas.Justin Sullivan/Getty Images (Bloomberg) After enduring a wretched week of Arctic storms, hunger and cold, several Texans lucky enough to have power were handed another pain point massive electricity bills. Houston resident David Astrein, 36, a human resources director at a manufacturing company, said he’s been charged $2,738.66 for 20 days this month versus $129.85 for the whole of January for a three-bedroom home with a detached garage. He and his wife stopped using their dishwasher, washer and dryer, and turned on as few lights as possible at night. They kept the heat on for their 5-month old son. ....
Oil s gains evaporate as wells restart Sharon Cho and Alex Longley, Bloomberg Feb. 19, 2021 FacebookTwitterEmail Idle oil rigs in Texas are expected to soon see action in Texas as the price of crude rises to near $60.Matthew Busch/Bloomberg Oil fell for a second day as production slowly restarted in Texas and the White House said it would be willing to meet with Iran, potentially paving the way for more crude exports from the Persian Gulf nation. Futures in New York dropped toward $59 a barrel. Companies are using restored power from grids or generators to resume output that was halted by the frigid weather, according to people familiar with the matter. The timeline for a full restoration of the estimated 40% or so of U.S. oil production that was shut in by the big freeze is unclear. ....