The U.S. government is weighing new, harsher sanctions against Russia’s lucrative oil trade, seeking to tighten the squeeze on the Kremlin’s war machine just weeks before Donald Trump returns to the White House, Bloomberg News reported on Tuesday. The details of the new measures are not yet finalized but President Joe Biden’s team was considering …
The retrofit of Chevron’s Pasadena facility increases equity Permian crude processing capacity by 15%.
(Reuters) – Oil prices climbed 1% on Wednesday as market participants anticipated a rise in demand from top importer China following Beijing’s latest plans to boost economic growth. Brent crude futures gained 75 cents, or 1.04%%, to $72.94 a barrel by 1011 GMT, while U.S. West Texas Intermediate crude futures rose 75 cents, or 1.09%, …
Oil Prices Rise as China’s Policy Easing Fuels Demand Hopes Read More »
(Reuters) – U.S. power producers have raised total generation to new highs in 2024, fuelled mainly by record natural gas-fired output alongside a sharp jump in generation from renewable sources. Natural gas plants remain the key pillar of U.S. generation, accounting for a record 42% of total power production from January through November, according to …
Gassier But Cleaner US Power System Hits New Output Record in 2024 Read More »
‘Gas is well suited for’ data centers’ 24/7 power needs: CEO Strazik is ‘cautious’ on when onshore wind will improve The head of GE Vernova Inc., which makes equipment for wind farms and gas-fired power plants, said electricity demand to run data centers is favoring the fossil fuel over the renewable energy source — at least, …
GE Vernova Sees ‘Humble’ Wind Orders as Data Centers Favor Gas Read More »
U.S. President-elect Donald Trump said on Tuesday that any person or company investing at least $1 billion into the U.S. “will receive fully expedited approvals and permits, including, but in no way limited to, all Environmental approvals.” The statement, posted on his social media platform Truth Social, did not offer further details. Trump’s transition team …
Trump Says Anyone Investing $1 Billion in U.S. Will Receive Expedited Permits Read More »
Outside of the Uinta Basin’s core oil play, private E&P Anschutz Exploration is wildcatting in Utah’s deeper, liquids-rich Mancos shale bench, according to a Hart Energy analysis.
Nabors Industries, in partnership with e2Companies, and, separately, ProPetro Holding Corp., both launched oilfield electrification solutions on Dec. 10.
The solar facility owned and operated by NextEra Energy Resources will consist of more than 70,000 solar modules, Phillips 66 said
The collaboration enables owners of Enphase Energy’s battery technology to participate in NextEnergy’s dynamic tariff program and join its virtual power plant.
