By: Reuters – The Public Utility Commission of Texas (PUCT) on Thursday adopted a new market design for the state’s electric grid...
By: Reuters – Mexican state oil company Pemex illegally burnt off hydrocarbon resources worth more than $342 million in the three years...
By: CNBC – Pressuring oil companies through higher taxes is counterproductive at a time when global crude demand is set to outstrip...
STORY BY Joseph Markman| Hart Energy. U.S. upstream CAPEX will increase to about $144 billion in 2023, AllianceBernstein said in a Jan....
By: Reuters – The West’s top energy firms are expected to rake in a combined record profit of $200 billion from a...
OilPrice.com, via YahooNews. As interest in green hydrogen picks up worldwide, energy firms are using a variety of renewable energy projects to...
By: Forbes – This Christmas season is a time of thanks and hopes for imposing leaps in science that are being made:...
(REUTERS)- Exxon Mobil Corp in coming days will sharply boost gasoline and diesel production at its Beaumont, Texas, refinery, people familiar with...
By: NGI – The U.S. natural gas and oil sector is likely to achieve moderate growth this year, preferring to hoard cash,...
Chesapeake Energy Corp. was one of the biggest stars of the fracking boom, riding high for years on its ability to tap vast...
Public Permian player Battalion Oil Corp. is being acquired by a private E&P after continuing to explore strategic alternatives.
Fury Resources Inc. will acquire all of Battalion’s outstanding common shares for $9.80 per share in cash, representing a total transaction value of approximately $450 million, the companies announced on Dec. 15.
A climate activist has been jailed for six months after pleading guilty to taking part in a peaceful slow march protest on a London road.
The sentence handed to Stephen Gingell, 57, is thought to be the first jailing under a new law that critics say makes anyone walking in a road liable for prosecution for “interference with key national infrastructure”.
Section 7 of the Public Order Act 2023 bans any act that prevents newspaper printing presses, power plants, oil and gas extraction or distribution sites, harbors, airports, railways or roads “from being used or operated to any extent”, with a potential penalty of 12 months in jail.
The Energy Department has announced up to $890 million in federal funding to be split between several carbon capture and storage projects at natural gas and coal plants in North Dakota, Texas, and California. The projects collectively aim to block the release of about 8.54 million short tons of carbon dioxide per year.
Howard Midstream Energy Partners has finalized $800 million worth of expansion projects that boost natural gas pipeline, processing, and storage capacities available to operators in the Delaware Basin and Eagle Ford Shale. HEP has also expanded its midstream terminal in Port Arthur, Texas, to accommodate renewable diesel feedstock and finished product from a new 470-million-gallon-per-year renewable diesel plant at Valero Energy's 395,000-bpd Port Arthur refinery.
The House passed a huge bipartisan defense bill. The $886 billion package will give service members a 5.2% pay bump and includes investments to boost competition with China and Russia, but does not contain funding for aid to Israel and Ukraine, which is part of a separate $105 billion package. Still, this defense bill provides $28 billion (3%) more than last year’s version. The vote, which passed 310–118, defeated the efforts of far-right GOP lawmakers, who had tried unsuccessfully to shoehorn military restrictions to abortion access, transgender care, and DEI policies.
Chevron’s acquisition of Hess closed in July after months of arbitration and integration planning,...
By Andreas Exarheas | RigZone.com |The U.S. Energy Information Administration (EIA) cut its West...
By Adam Smeltz | UNIVERSITY PARK, Pa. – Oil produced from shale reservoirs drove...
Key Highlights Global oil inventories are expected to grow more than 2 million b/d...
US crude inventories drop by 6 million barrels, exceeding forecasts Uncertainty over Ukraine peace...
The race to lower costs and accelerate production timelines in the Permian Basin has...
The U.S. Geological Survey has released a fresh look at the Phosphoria Total Petroleum...
Mergers and acquisitions in the U.S. oil and gas sector surged in 2024, more...
By Clyde Russell (Reuters) – There are early signs that some Asian countries are...
U.S. independent oil and gas producer Crescent Energy has agreed to acquire Vital Energy...
HOUSTON -Aug 22 (Reuters) – Oil prices steadied on Friday amid uncertainty surrounding a...
By Jarrett Renshaw-(Reuters) -President Donald Trump’s administration is expected to rule on a growing...
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