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(Reuters) – U.S. crude stocks fell while gasoline and distillate inventories rose last week, the Energy Information Administration (EIA) said on Wednesday. Crude inventories fell by 959,000 barrels to 414.6 million barrels in the week ended Jan. 3, the EIA said, compared with analysts’ expectations in a Reuters poll for a 184,000-barrel draw. Crude stocks …
US Crude Stocks Fall, Fuel Inventories Rise, EIA Says Read More »
Developers of new generation capacity in the US face soaring costs and long wait times for turbines. One of the biggest energy stories of last year was the challenge of powering the artificial intelligence boom. Tech companies are putting serious money behind renewables and nuclear on the assumption electricity consumption will soar. But in the immediate future, natural gas is …
Oilfield services provider Flowco Holdings on Tuesday said it is seeking a valuation of up to $2 billion in its initial public offering in the United States, aiming to leverage last year’s capital market rebound. The company said it would sell 17.8 million shares at a price range of $21 to $23 per share, potentially …
Oil Services Provider Flowco Seeks up to $2 Bln Valuation in U.S. IPO Read More »
U.S. oil refiner Phillips 66 said on Monday it would acquire various pipelines and distribution systems from Ares-backed EPIC NGL in an all-cash deal for $2.2 billion, as it seeks to expand its Permian presence. The U.S. shale industry has witnessed a record-breaking wave of dealmaking in the recent past, as energy companies have rushed …
Phillips 66 to Buy EPIC NGL for $2.2 Bln in Bid to Boost Permian Presence Read More »
Jan 6 (Reuters) – Exxon Mobil (XOM.N) filed a lawsuit on Monday against California Attorney General Rob Bonta and several environmental groups, court records show. The lawsuit filed in the federal court in Beaumont, Texas includes a cause of action sounding in libel or slander, court records show. A copy of the complaint was not …
Exxon Mobil Sues California Attorney General, Environmental Groups Read More »
By Yogi Schulz We’ve all read about the heated and continuing debate about the effectiveness and cost of solar and wind renewable electricity generation. Some have hyped these technologies as the saviour for the energy transition to address the impact of climate change. Others have challenged their cost, reliability and lifespan. Where do these technologies …
Where Does Solar and Wind Renewable Electricity Generation Make Sense? – Yogi Schulz Read More »
Final rules provide carve-out for existing nuclear power Subsidy has been the subject of intense Washington lobbying The Biden administration loosened some stringent safeguards on a tax credit worth billions of dollars for hydrogen production, after companies argued the rules would stifle domestic manufacturing of the fuel. The tax credit created by President Joe Biden’s …
Biden Loosens Rules for Hydrogen Subsidies Worth Billions Read More »
Proclamation protects 625 million acres of Pacific, Atlantic Decision complicates any Trump bid to widen offshore drilling President Joe Biden is set to order a ban on new offshore oil and gas development across some 625 million acres of US coastal territory, ruling out the sale of drilling rights in Atlantic and Pacific waters as well as …
Biden to Ban New Oil Drilling Over Vast Stretch of US Atlantic, Pacific Waters Read More »
Poilievre says he would ramp up LNG, electricity for US needs Trump has complained about oil-fueled trade gap with Canada Since winning the US election, Donald Trump has taunted Canadian Prime Minister Justin Trudeau by calling him governor of a 51st US state, threatened 25% tariffs, and vented that the US is getting ripped off by its northern neighbor because …
Order would set permanent protections for some coastal waters Decree to complicate Trump’s plan to boost US crude production President Joe Biden is preparing to issue a decree permanently banning new offshore oil and gas development in some US coastal waters, locking in difficult-to-revoke protections during his final weeks in the White House. Biden is set within …
Biden to Ban More Offshore Oil Drilling Before Trump Arrives Read More »
