Fitch Ratings Says Global Oil, Gas Sector Outlook is ‘Deteriorating’
Fitch Ratings changed its outlook on the global oil and gas sector from neutral to deteriorating, citing U.S. tariff policy and production increases for the revised forecast.
Volt Lithium to Deploy Mobile DLE Unit in Bakken
The initiative reflects Volt Lithium’s strategy of extracting lithium from streams of produced water associated with oil and gas production.
Chevron Lummus, Neste Mark Milestone for Renewable Fuels Tech
Partners Chevron Lummus Global and Neste aim to create a scalable platform to produce renewable fuel from lignocellulosic raw material, according to a news release.
Fervo Secures $206MM for Enhanced Geothermal System Project
Fervo Energy has secured $206 million for its Cape Station enhanced geothermal system project to continue development, the company said, one day after announcing the project’s appraisal well set several geothermal drilling records.
Alberta Premier Says Province Working on Proposal for New Crude Oil Pipeline to Port of Prince Rupert
Alberta Premier Danielle Smith said on Wednesday the province is working to present Prime Minister Mark Carney with a proponent and route for a potential new crude pipeline from Alberta to the Port of Prince Rupert in British Columbia. Smith said the pipeline would be built in tandem with the Pathways Alliance carbon capture and …
Energy Vault Adds Battery Energy Storage System in Texas
Grid-scale energy storage company Energy Vault Holdings on June 11 said its Cross Trails BESS in Texas has begun commercial operations ahead of schedule.
Encino Led Ohio’s 11% Utica Oil Output Growth in 1Q25
Most of the state’s additional barrels came from Encino Energy, which EOG Resources plans to buy for $5.6 billion, new state production data show.
Oil-Rich University of Texas Wants to Cash In on AI, Crypto and Power
The system—with an endowment second only to Harvard’s—is diversifying into wind and solar energy at a fraught time for renewables. By Janet Lorin A crypto data center in Pyote, Texas, on land leased from the University of Texas System. Photographer: Jordan Vonderhaar for Bloomberg Markets Scores of wind turbines, each as tall as a 50-story …
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US Energy Secretary Is Trying to Change Blue-State Minds About Fossil Fuels
Chris Wright isn’t just rolling back Biden-era policies, he’s intent on resetting expectations. By Jennifer A Dlouhy Call it “the great energy reset.” Trump administration officials increasingly consider the ongoing surge in electricity demand — and the clamor for economic development tied to it — as an opportunity to shift the paradigm around developing the …
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US Crude Stocks Fall, Gasoline and Distillate Inventories Rise as Refining Activity Increases, EIA Says
(Reuters) – U.S. crude stocks fell last week as refining activity picked up, driving gasoline and distillate inventories higher, the Energy Information Administration (EIA) said on Wednesday. Crude inventories fell by 3.6 million barrels to 432.4 million barrels in the week ended June 6, the EIA said, compared with analysts’ expectations in a Reuters poll …