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Cuts will come mainly in Pioneer’s Irving and Midland offices More than 1,900 Pioneer employees were offered Exxon roles Exxon Mobil Corp. plans to lay off 397 employees from Pioneer Natural Resources Co. after purchasing the Permian Basin operator for $63 billion earlier this year. The cuts representing almost 20% of Pioneer’s pre-merger staff will come in seven …
Exxon Plans to Cut Almost 400 Pioneer Jobs in Texas by 2026 Read More »
By Ross Kerber (Reuters) – The opinions expressed here are those of the author, a columnist for Reuters. A rare bright spot for environmentalists in last week’s U.S. election results came in Washington State, where voters easily defeated an attempt to end the state’s carbon market by a margin of 62% to 38%. Analysts said the result …
Carbon Markets Give Environmentalists Hope After U.S. Elections Read More »
Benchmark U.S. West Texas Intermediate (WTI) crude oil will cost $60-$80 per barrel in the foreseeable future, shale producer Devon Energy’s chief executive officer told attendees at an energy conference in Dallas on Wednesday. That price forecast is within the range where U.S. crude has traded for much of the year. It settled at $68.43 …
Devon Energy Sees US Crude Oil at $60-$80 Per Barrel for Foreseeable Future Read More »
By Shariq Khan EIA expects US refining margins to be unchanged next year Margins have declined sharply since 2022 due to slowing demand, higher supplies NEW YORK, Nov 13 (Reuters) – U.S. refiner margins for gasoline and diesel will be relatively unchanged next year, the U.S. Energy Information Administration said on Wednesday, signaling relief for …
US Refiner Margins to Stabilize Next Year as Plant Closures Cut Supply, EIA Says Read More »
Nov 13 (Reuters) – U.S. power consumption will rise to record highs in 2024 and 2025, the U.S. Energy Information Administration said in its Short Term Energy Outlook on Wednesday. EIA projected power demand will rise to 4,090 billion kilowatt-hours in 2024 and 4,158 billion kWh in 2025. That compares with 4,012 billion kWh in …
US Power Use to Reach Record Highs in 2024 and 2025, EIA Forecast Says Read More »
By Shariq Khan and David French NEW YORK, Nov 13 (Reuters) – The private equity owner of Ridgemar Energy is exploring a sale of the U.S. oil and gas producer that could value the company at more than $1 billion, including debt, people familiar with the matter told Reuters on Wednesday. Ridgemar, which is backed …
Ridgemar’s Owner Explores $1 Billion-Plus Sale of US Oil Producer, Sources Say Read More »
(Reuters) – Global oil demand will fall to around 80 million to 100 million barrels per day by 2035 in a net-zero environment, BP’s chief U.S. economist told an energy conference in Dallas on Wednesday. Crude oil demand is about 102 million barrels of oil per day now, and the forecast assumes renewables and more …
Oil Demand to Fall to 80-100 Million bpd by 2035, says BP’s US Chief Economist Read More »
COP 29 seeks net-zero, which would radically increase climate danger and ruin billions of lives By Alex Epstein COP 29 seeks net-zero—rapidly eliminating fossil fuels—in the name of protecting us from climate danger. In reality, net-zero would radically increase climate danger and ruin billions of lives. Good people should condemn COP and embrace energy freedom. …
Trump gives Elon Musk mission to cut costs, slash red tape Summary Musk and Ramaswamy will lead efficiency department DOGE intended to dismantle bureaucracy, cut regulations, restructure agencies Musk and Ramaswamy’s work to conclude by July 4, 2026 Will take ‘advice and guidance’ from outside government, work with OMB Ramaswamy says he is withdrawing from …
Trump Names Elon Musk to Lead Government Efficiency Drive Read More »
Donald Trump has begun the process of choosing a cabinet and selecting other high-ranking administration officials following his presidential election victory. Here are the early picks and top contenders for some of the key posts overseeing defense, intelligence, diplomacy, trade, immigration and economic policymaking. Some are in contention for a range of posts. SUSIE WILES, …
Trump’s Cabinet: Who’s Been Picked, Who’s in the Running? Read More »
