Algeria Launches Program to Grow Oil, Gas Production
The African nation has extended its bid submissions for a hydrocarbon tender to July.
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Belcher: Bright Future Ahead in Powering US Data Centers
Steps are being taken at the federal level to ensure sufficient power generation to fulfill the energy demands of data centers in the U.S.
NRG Stock Soars on $12B NatGas Power Plant Fleet Acquisition
The $12 billion deal positions NRG to capitalize on a power-hungry future driven by data centers and grid strain.
Report: LNG Canada Could Start Export Sales in June
The export facility is designed to have a 14 million tonnes per year capacity, and is under construction at Kitimat, British Columbia, on the Canadian west coast.
US House Budget Bill Seeks More Than $1.5 Billion for Strategic Petroleum Reserve
A U.S. House committee released a budget proposal that includes more than $1.5 billion to replenish and maintain the Strategic Petroleum Reserve, and cancels a congressionally mandated sale, following huge sales from the facility in 2022. The proposal from the House Energy and Commerce Committee released late on Sunday contains $1.32 billion to purchase oil …
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What’s Affecting Oil Prices This Week? (May 12, 2025)
U.S. officials said on May 11 that a deal had been made to reduce the U.S. trade deficit with China. While all the details may not be established, oil prices will get another boost from this “deal”.
Whitecap, Veren Create Top Canadian E&P Post $10.4B Merger
The combined company will operate under the Whitecap Resources name and is selling non-strategic assets in Saskatchewan and Kaybob as Whitecap and Veren integrate.
California Drivers Are Paying Up as Refineries Disappear
Governor Gavin Newsom’s latest outreach to the Golden State’s oil companies may be too late to arrest a steady decline in gasoline production. By Nathan Risser Californians are accustomed to paying the highest gasoline prices in the US. That trend likely will continue because of the state’s reliance on a dwindling fleet of oil refineries. …
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Blackstone Is in Talks for New Mexico Utility Owner TXNM
By David Carnevali, Ryan Gould, and Dinesh Nair Blackstone Inc. is in talks to acquire TXNM Energy Inc., the owner of New Mexico’s largest utility, according to people familiar with the matter. The private equity firm’s infrastructure arm, Blackstone Infrastructure Partners, has emerged as the likeliest buyer of TXNM after other suitors dropped out of …
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US House Budget Bill Seeks More Than $1.5B for Strategic Petroleum Reserve
The proposal from the House Committee on Energy and Commerce contains $1.32 billion to purchase oil to help replenish the Strategic Petroleum Reserve and $218 million for maintenance of the facility.