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Big U.S. Oil Companies Reveal Massive Payments to Foreign Governments

Conventional Energy, Energy Topics & Technology, Finance, Latest, Oil, US News / By

(Reuters) – The three largest U.S. energy exploration companies paid more than $42 billion to foreign governments last year, about eight times more than what they paid in the United States, according to regulatory filings. The disclosures from Exxon Mobil, Chevron Corp, and ConocoPhillips were required this year for the first time ever under a new …

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COMMENTARY: The Cleanest and Dirtiest U.S. State Electricity Systems – Maguire

Electricity Grid, Energy Commentary, Energy Topics & Technology, Hydro, Latest, Renewable Energy, Solar, Wind / By

By Gavin Maguire LITTLETON, Colorado, Sept 26 (Reuters) – There’s a wide range in the proportion of U.S. electricity generated by clean energy sources, with nearly 100% of Vermont’s electricity coming from low-emissions power while the territory of Puerto Rico has less than 3% clean electricity. The average clean electricity supply share for the United …

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Elliott Affiliate Wins Citgo Share Auction with $7 Billion Conditional Offer

Conventional Energy, Energy Topics & Technology, Latest, Oil, Refineries, US News / By

Summary Investment firm tops rival offers by CVR Energy, Gold Reserve Bid combining cash, credit is subject to court case resolutions Elliott’s interest in Citgo follows good results from stakes in Marathon Petroleum, Phillips 66 HOUSTON, Sept 27 (Reuters) – An affiliate of Elliott Investment Management on Friday was named the presumptive winner in a …

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Russia Ready to Take Nord Stream Blasts Issue to Court

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Natural Gas, Oil, Pipelines / By

By Reuters MOSCOW, Sept 28 (Reuters) – Russia is ready to take the case of the Nord Stream pipeline explosions to court if the West fails to investigate the matter, its foreign ministry said on Saturday. The multi-billion dollar Nord Stream 1 and 2 pipelines transporting gas under the Baltic Sea were ruptured by a series …

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COMMENTARY: The Cleanest and Dirtiest US State Electricity Systems – Maguire

Electricity Grid, Energy Commentary, Energy Topics & Technology, Hydro, Latest, Renewable Energy, Solar, Wind / By

By Gavin Maguire LITTLETON, Colorado, Sept 26 (Reuters) – There’s a wide range in the proportion of U.S. electricity generated by clean energy sources, with nearly 100% of Vermont’s electricity coming from low-emissions power while the territory of Puerto Rico has less than 3% clean electricity. The average clean electricity supply share for the United …

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OPEC+ Set to go Ahead with December Oil Output Hike, Sources Say

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Oil, OPEC / By

Summary Riyadh unwilling to continue ceding market share, FT says OPEC+ sources say group focused on compliance not market share Russia says no changes to OPEC+ plans on phasing out oil cuts OPEC+ panel meets on Oct. 2 (Reuters) – The Organization of the Petroleum Exporting Countries and its allies will go ahead with a …

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More than 1.28 Mln Florida Customers Without Power Due to Storm Helene

Electricity Grid, Energy Topics & Technology, Latest, Pinned Primary, US News / By

(Reuters) – More than 1.28 million homes and businesses in Florida were without power on Friday as Hurricane Helene made landfall as one of the most powerful storms to hit the United States, according to data from PowerOutage.us. The utility company with the most number of customers affected was Duke Energy, which had over 380,000 clients …

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M&A Seen Slowing Ahead of U.S. Elections After Uneven Third Quarter

Energy Topics & Technology, Latest, Mergers and Acquisitions, US News / By

Dealmakers are bracing for a slowdown in global mergers and acquisitions in the fourth quarter as companies postpone pursuing big targets ahead of the U.S. elections, hoping this will only be a temporary setback before a rebound next year. Deals announced worldwide in 2024 totaled $846.8 billion as of Sept. 25, up 14% from the …

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Chesapeake Energy Corporation and Southwestern Energy Company Combination Expected to Close in the First Eeek of October

Energy Topics & Technology, Latest, Mergers and Acquisitions, Press Releases, US News / By

Hart-Scott-Rodino Act waiting period has expired Company to be rebranded as Expand Energy and trade on NASDAQ under “EXE” ticker symbol OKLAHOMA CITY and SPRING, Texas, Sept. 26, 2024 /PRNewswire/ — Chesapeake Energy Corporation (NASDAQ: CHK) and Southwestern Energy Company (NYSE: SWN) today announced the waiting period in connection with the companies’ pending combination under …

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Microsoft Deal Signals Booming Demand from Data Centers to Power AI

Artificial Inteligence, Electricity Grid, Energy Topics & Technology, Latest, US News / By

By Reuters (Reuters) – U.S. utilities are finally signing concrete supply deals with data-center operators as the artificial-intelligence wave sparks a surge in power demand, paving the way for higher profits in the coming quarters. Data centers are expected to account for 8% of the power generated in the U.S. by 2030, compared with 3% in …

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