US News

Auto Added by WPeMatico

Oil Dips to End the Week on Deflated U.S. Interest Rate Cut Expectations, OPEC+ Decision

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

Summary US jobs data dampens hope for near-term rate cut ECB rate cut had spurred hopes for similar Fed action OPEC+ may adjust output, Saudi energy minister indicates US oil rig count hits the lowest since January 2022 (Reuters) – Oil prices edged down on Friday and posted a third straight weekly loss as investors …

Oil Dips to End the Week on Deflated U.S. Interest Rate Cut Expectations, OPEC+ Decision Read More »

Texas Power Firm Set for Worst Week in Two Years as AI Bets Fade

Latest, US News / By

Vistra shares have pulled back after quadrupling in a year Peer Constellation and power equipment firms have retreated Shares of power producer Vistra Corp. are on track for their worst week since 2022 as traders backpedaled on bets for an AI-fueled surge in electricity demand. The Texas-based firm’s shares rose more than 2% Friday while remaining on …

Texas Power Firm Set for Worst Week in Two Years as AI Bets Fade Read More »

Oil Paychecks Set a Record Even as Shale Industry Consolidates

Conventional Energy, Energy Topics & Technology, Latest, Oil, Shale, US News / By

Wages for US oil workers set a fresh record in April as a wave of acquisitions in the shale industry has yet to impact the labor force. Average hourly earnings for front-line oil and gas workers rose 0.5% from March to $44.67, according to a Labor Department report released Friday. Compared with a year ago, oil pay …

Oil Paychecks Set a Record Even as Shale Industry Consolidates Read More »

Major World Economies Seek to Halt New Private Sector Coal Financing

Coal, Conventional Energy, Latest, US News / By

Summary Proposal would restrict private finance for new coal plants Aims to increase finance to retire existing plants early OECD countries considering proposal, want deal by COP29 Backers include France, U.S., UK. Japan pushes back (Reuters) – Some of the world’s major economies want to finalise a plan ahead of this year’s U.N. climate summit …

Major World Economies Seek to Halt New Private Sector Coal Financing Read More »

Golden Pass LNG Construction Turmoil to Delay Texas Plant’s Startup, Analysts Say

Conventional Energy, Latest, LNG, US News / By

The startup of Golden Pass LNG, the QatarEnergy and Exxon Mobil $11 billion joint venture liquefied natural gas project in Texas, has been delayed by at least six months due to construction turmoil, analysts said on Thursday. The project at the Sabine Pass site of a former gas-import terminal that was converted to process natural …

Golden Pass LNG Construction Turmoil to Delay Texas Plant’s Startup, Analysts Say Read More »

Texas Startup Hopes 4th Time’s a Charm to Build First Big U.S. Oil Refinery Since 1977

Conventional Energy, Latest, Oil, Refineries, US News / By

Element Fuels Holdings, a Dallas-area startup proposing to build the first all-new U.S. oil refinery in nearly 50 years, on Thursday said it was relaunching efforts to build a large plant in South Texas. The Brownsville, Texas, project has been proposed by entrepreneur John Calce at least twice before by his ARX Energy, and JupiterMLP …

Texas Startup Hopes 4th Time’s a Charm to Build First Big U.S. Oil Refinery Since 1977 Read More »

U.S. Oil and Gas Production Show Signs of Flattening: Kemp

Conventional Energy, Latest, Natural Gas, Oil, US News / By

U.S. oil and gas production are finally showing signs of flattening out as drilling rigs and well completion crews have been idled in response to the retreat in prices since the middle of 2022. Nationwide crude and condensates production was running at almost 13.2 million barrels per day (b/d) in March 2024 according to the …

U.S. Oil and Gas Production Show Signs of Flattening: Kemp Read More »

U.S. Solar Projects Could Boom Amid Deadline to Use Up Tax-Exempt Panel Glut

Latest, Renewable Energy, Solar, US News / By

(Reuters) – A two-year U.S. tariff holiday on solar panels from Southeast Asia expires on Thursday, starting the clock ticking for American project developers to use the huge amount of equipment they stockpiled duty-free over that period by the end of this year. The dynamic could result in a mini-boom in already red-hot U.S. solar installations, …

U.S. Solar Projects Could Boom Amid Deadline to Use Up Tax-Exempt Panel Glut Read More »

IEA Expects Global Clean Energy Investment to Hit $2 trillion in 2024

Conventional Energy, Latest, Nuclear, Renewable Energy, Solar, US News, Wind / By

LONDON, June 6 (Reuters) – Global investment in clean energy technology and infrastructure is set to hit $2 trillion this year, twice the amount going into fossil fuels, an International Energy Agency report showed. Total energy investment is expected to exceed $3 trillion for the first time in 2024, the IEA said in its annual …

IEA Expects Global Clean Energy Investment to Hit $2 trillion in 2024 Read More »

How Devon Energy Missed Out on the U.S. Oil and Gas Mega-Deal Wave

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Mergers and Acquisitions, Oil, Pinned Primary, US News / By

(Reuters) – U.S. oil and gas producer Devon Energy has lost bids to acquire at least three of its peers in the last 12 months because its shares were spurned as acquisition currency, according to people familiar with the negotiations. Devon missed out on the sector’s dealmaking boom by losing to ConocoPhillipsthe $22 billion deal to …

How Devon Energy Missed Out on the U.S. Oil and Gas Mega-Deal Wave Read More »

Subscribe
Subscribe