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Truth: Preferences for S+W have made our grid embarrassingly vulnerable to heat waves—and cold snaps—that a fossil-fueled grid could easily manage. By Alex Epstein Myth: Solar and wind are helping save our grid from extreme heat caused by fossil-fueled climate change. Truth: Preferences for S+W have made our grid embarrassingly vulnerable to heat waves—and cold …

Myth: Solar and wind are helping save our grid from extreme heat – Alex Epstein Read More »

U.S. oil and gas production continued to trend higher through April – a delayed response to very high prices in the middle of 2022 after Russia’s invasion of Ukraine. But the fall in prices and drilling rates since late 2022 is set to reduce output in the second half of 2023 and tighten markets for …

U.S. oil and gas production set to turn down later in 2023: Kemp Read More »

By Irina Slav More From Irina Slav A while ago, in May, I wrote a post headlined “Get out of wind now”. The reason I wrote it was that signs were multiplying that the wind power industry was having difficulties sustaining itself. Now, two months later, the industry itself has given away the game of cheap …

Commentary: Wind industry just gave the game away – Irina Slav on Energy Read More »

(Reuters) – OPEC will likely maintain an upbeat view on oil demand growth for next year when it publishes its first outlook later this month, predicting a slowdown from this year but still an above average increase, sources close to OPEC said. OPEC’s forecast for 2024 will likely be lower than the growth it expects …

OPEC Upbeat over 2024 Oil Demand Outlook Despite Slowdown Read More »

A group of Canadian and French companies will build a C$80 million ($60 million) plant in Quebec to turn forestry waste into biochar, a black substance which can store carbon for hundreds of years and improve soil quality at the same time. The facility in Port-Cartier — about 850 kilometers (528 miles) northeast of Montreal …

North America’s Biggest Biochar Plant Takes Shape in Canada Read More »

Exxon Mobil Corp on Wednesday signaled second-quarter operating profits fell on lower natural gas prices and weaker oil refining margins, according to a regulatory filing. The snapshot of results indicates earnings from oil and gas production – its largest business – will retreat from the $6.5 billion that business delivered in the first quarter. The lower …

Exxon signals profit drop, cites lower natgas prices, refining margins Read More »

U.S. natural gas futures moved higher on Wednesday as forecasts for hotter-than-normal weather drove up the amount of gas expected to be burned by power plants, particularly in Texas’ natural gas-reliant power grid. Front-month gas futures for August delivery on the New York Mercantile Exchange traded 4.8 cents higher, or 1.8%, to $2.76 per million …

U.S. natgas futures advance as hotter weather to boost power plant demand Read More »

U.S. exports of liquefied natural gas fell 10% in June to 6.82 million tonnes (MT), from 7.58 MT the previous month, as plant maintenance curbed output and European demand slid, according to preliminary data from Refinitiv Eikon. Planned outages at two big suppliers recently hampered U.S. LNG production, which combined with a warmer-than-normal winter led …

U.S. June LNG exports fall 10% on maintenance cuts, weaker demand Read More »

(Reuters) – Utility firm Duke Energy (DUK.N) said on Wednesday it would sell its commercial distributed generation business to private equity firm ArcLight Capital Partners in a $364 million deal. The business includes operating assets of REC Solar, which Duke had acquired in 2015, development pipeline and operations and maintenance portfolio, as well as distributed …

Duke Energy to sell distributed generation portfolio in $364 million deal Read More »

~ Net Sales Proceeds from Transaction Used to Further Pay Down Debt ~ THE WOODLANDS, Texas, July 05, 2023 (GLOBE NEWSWIRE) — Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced a $25 million net reduction of borrowings during the second quarter on its senior revolving credit facility with a current borrowing …

Ring Energy Announces $25 Million Debt Reduction in Q2 2023 and Sale of Non-Core Delaware Basin Assets Read More »