Coal plants must stifle most of their carbon or close by 2039 Emissions cuts will start to hit new gas plants in 2032 Bloomberg The Biden administration is cracking down on planet-warming pollution from the nation’s electricity sector, with mandates likely to encourage the closure of coal plants that advocates argue are vital to meet …
Biden’s Power-Plant Pollution Rule Collides With Soaring Demand Read More »
MIAMI (AP) — A company started by a Texas billionaire oilman announced a deal Wednesday with Venezuela’s state-owned oil company to rehabilitate five aging oil fields, days after the Biden administration put a brake on sanctions relief over concerns about the fairness of the country’s upcoming presidential election. LNG Energy Group is a publicly traded company …
Billionaire Texas Oilman Inks Deal With Venezuela’s State-Run Fuel Giant Read More »
A drone view shows California’s largest battery storage facility, as it nears completion on a 43-acre site in Menifee, California, U.S., March 28, 2024. REUTERS/Mike Blake The slide in battery costs will also help provide electricity to millions of people without access, cutting by nearly half the average electricity costs of mini-grids with solar PV …
Tumble in Storage Battery Costs to Boost Shift to Renewables, Says IEA Read More »
(Reuters) – Refiner Valero Energy beat first-quarter profit estimates on Thursday, benefiting from sustained demand as crude supplies remained tight due to disruptions in Russia and maintenance work at U.S. refineries. Crude supplies came under pressure as Ukrainian drone attacks had shut about 14% of Russia’s refining capacity, as of the end of the March quarter. …
Refiner Valero Beats Profit Estimates on Resilient Demand, Tight supplies Read More »
CALGARY, Alberta, April 25, 2024 (GLOBE NEWSWIRE) — This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the “Cautionary Statement Regarding Forward-Looking Information and Statements” later in this news release. This …
Precision Drilling announces 2024 first quarter unaudited financial results Read More »
Summary Analysts see upside for top refiners Geopolitical risks keep oil prices elevated War-related supply disruptions to keep margins strong NEW YORK, April 24 (Reuters) – U.S refiners’ first quarter profits are expected to fall from recent records, when earnings soared following Russia’s invasion of Ukraine in 2022, but overall will continue to draw support …
U.S. Refiners’ Profits to Fall From Last Year But Margins Remain Strong Read More »
EQT Corp., the largest US producer of natural gas, is now taking output cuts through May as prices hover near four-year lows because of weak demand. The company also reduced its sales guidance for 2024. The move underscores that this year’s low natural gas prices aren’t sustainable for the industry. US gas futures have touched …
EQT Cuts Sales Guidance, Plans to Curtail Production Through May Read More »
NGLs are providing a boost for Range Resources as the company waits for natural gas demand to rebound.
EQT Corp. executives said that an April deal with Equinor has been a catalyst for talks with potential buyers.
After Novo I sold its Delaware Basin position for $1.5 billion last year, Novo Oil & Gas II is reloading with EnCap backing and aiming for more Delaware deals.
