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By Jarrett Renshaw Jan 9 (Reuters) – President Joe Biden’s administration expects to release short-term guidance on clean fuel tax credits on Friday and leave final decisions to President-elect Donald Trump’s incoming administration, according to two sources familiar with the plan. With the news, biofuel companies and their legislative backers will have to wait to …
By Gavin Maguire LITTLETON, Colorado, Jan 9 (Reuters) – Texas is dominating the development of renewable energy generation and battery capacity within the United States, and is estimated to have installed nearly 80% more combined solar, wind and battery capacity than the next largest state. The Lone Star state has 42,000 megawatts (MW) of wind …
Texas Tops US States for Renewable Energy and Battery Capacity Read More »
MOSCOW, Jan 9 (Reuters) – A court in Switzerland has extended the deadline for Nord Stream 2 AG, a unit of Russia’s Gazprom (GAZP.MM), to restructure its debts to May 9 from Jan. 10, according to a court ruling. It also said that Swiss-registered Nord Stream 2 AG, the operator of the undersea gas pipeline …
Nord Stream 2 AG Gets More Time for Debt Restructuring Read More »
Norway exported a record amount of natural gas in 2024 and volumes are expected to stay near this level in the coming years, official data and forecasts showed on Thursday. Norway became Europe’s largest supplier of natural gas following Russia’s invasion of Ukraine in 2022, providing about 30% of all gas imports to the European …
Norway Gas Exports Expected to Stay Close to Last Year’s Record Levels Read More »
(Reuters) – Chevron is positioned to increase its free cash flow by $6 billion to $8 billion by next year, and reduce expenses by “a couple billion dollars,” said Chevron CEO Michael Wirth on Wednesday. The No. 2 U.S. oil producer expects results to benefit from the start of new or expanded oil production projects …
Chevron Targets $6-8 bln in Free Cash Flow Growth Next Year, CEO Says Read More »
(Reuters) – The U.S. Interior Department said on Wednesday that a congressionally mandated oil and gas drilling lease auction in Alaska’s Arctic National Wildlife Refuge received no bids from energy companies. Outgoing President Joe Biden’s administration billed the outcome as proof the 19 million-acre refuge, home to species including polar bears and Porcupine caribou, should …
Alaska Wildlife Refuge Drilling Auction Yields No Bids, US Says Read More »
(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 »
