By Aaron Foyer The topic of energy in the United States is a complex one, with varying viewpoints across the political spectrum. Republican Views Fossil fuels: Generally support the continued use of fossil fuels like oil, natural gas, and coal. They argue that these resources are crucial for economic growth, energy independence, and job creation. Regulatory …
INFOGRAPHIC: Views on Energy Sources by Party – ENERGYminute Read More »
Freeport LNG expects one of the three gas liquefaction units at its Texas plant to be out of service for a month after it faced a technical issue during Winter Storm Heather, the company said on Friday. Heather is the name given to a deep freeze that spread across Texas and much of the U.S. …
Freeport LNG Faces Month-Long Unit Outage Due to Winter storm Read More »
U.S. natural gas futures were little changed after giving up earlier gains of over 5% on Thursday following a federal report showing last week’s storage withdrawal was massive but in line with analysts estimates. Earlier in the session, prices were up on forecasts for cooler weather and higher heating demand next week than previously expected …
U.S. Natgas Prices Steady After Paring Gains on Expected Massive Storage Draw Read More »
Private equity firm EnCap Investments is exploring a sale of Grayson Mill Energy that could value the Bakken shale-focused oil and gas producer at around $5 billion, inclusive of debt, people familiar with the matter said on Thursday. EnCap has tapped investment bank Jefferies Financial Group to run a sale of Grayson Mill, the sources …
Deal in the Works? EnCap Eyes $5 billion Sale of Shale Producer Grayson Mill Read More »
Accomplished 2023 Debt Reduction Goal of $500 Million, Repurchased $150 Million of Shares in Accordance With Capital Allocation Framework, Increased Dividend 9 Percent Annualized in 2024, Achieved 139 Percent Total Reserve Replacement Ratio With Preliminary Proved Reserves of 724 MMBOE HOUSTON–(BUSINESS WIRE)–Murphy Oil Corporation (NYSE: MUR) today announced its financial and operating results for the fourth …
Trans Mountain Corp will begin line fill in February on its long-delayed Canadian oil pipeline expansion and expects it to be in service in the second quarter, a company executive said on Wednesday. The C$30.9-billion ($23.05 billion) expansion will nearly triple the flow of crude on Trans Mountain from Alberta to Canada’s Pacific Coast but …
IT’S OFFICIAL: Canada’s Trans Mountain Pipeline to Start Up in Second Quarter Read More »
(Reuters) – NextEra Energy, the largest generator of renewable energy in the United States, reported fourth-quarter profit that beat Wall Street estimates on Thursday, on strength in its regulated utilities business. The power company, which makes most of its electricity from natural gas, benefited from lower natural-gas prices , which fell about 14% in the …
NextEra Posts Fourth-Quarter Profit Beat Helped by Lower Gas Prices Read More »
(Reuters) – Clean electricity generation in the United States hit new highs in 2023 but expanded by its smallest margin in more than a decade, due to below-normal wind speeds and a drop in hydro power output due to drought, data from think tank Ember shows. U.S. clean generation grew by just 0.4% last year, …
U.S. Clean Electricity Momentum Stalls Slightly in 2023 Read More »
Reuters (Reuters) – Valero Energy reported a fall in quarterly profit on Thursday as a slowdown in fuel demand hurt prices, kicking off earnings for U.S. refiners on a dour note. Weaker economic activity and an increase in global refining capacity last year pulled back refining profits from record heights touched in 2022, when disruptions to …
Valero Energy’s Quarterly Profit Falls on Lower Fuel Prices Read More »
(Reuters) – Several offshore wind developers will likely bid in New York’s fourth offshore wind solicitation by the Thursday deadline, including units of European energy firms Orsted, Equinor and BP. The development of the U.S. offshore wind industry took a major blow last year when companies working in several states said they could no longer …
Big Turnout Expected in New York Offshore Wind Power Auction Read More »
