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Exxon Mobil shut down its 251,800-barrel-per-day refinery at Joliet, Illinois, due to a power outage after a storm, according to a filing late on Monday. The loss of power caused a flaring incident on Monday night, the filing showed. Exxon did not immediately respond to a request for comment. The plant went down due to …
Exxon Shut Joliet, Illinois, Refinery After Power Outage Read More »
July 17 (Reuters) – Construction of U.S. solar-manufacturing plants by Chinese companies is surging, putting China in position to dominate the nascent industry, as other American factories struggle to compete despite federal subsidies. Chinese companies will have at least 20 gigawatts’ worth of annual solar panel production capacity on U.S. soil within the next year, …
Many US Solar Factories are Lagging. Except Those China Owns Read More »
July 17 (Reuters) – A group of U.S. solar manufacturers is calling on the Biden administration to toughen rules governing a tax credit for solar project developers that use domestically produced components, saying they can get the credit without using American solar panels. WHY IT’S IMPORTANT The Biden administration has sought to expand investment in …
US Solar Panel Makers Seek Tougher ‘Made in USA’ Rules Read More »
(Reuters) – Oil prices were steady on Wednesday, with global benchmark Brent hovering near the one-month low it hit in the prior session, as signs of weakening demand growth in China clashed with the prospect of declining U.S. oil stockpiles. Brent crude oil futures was down by 4 cents to $83.69 a barrel by 0315 …
Oil Prices Steady as Declining U.S. Inventories Offset Slowing China Demand Read More »
This quarter should be the tightest of the year for global crude supplies, but once the summer squeeze has passed, fundamentals look set to soften. Oil traders betting on a price rally are confronting a make-or-break moment. This quarter should be the tightest of the year for global crude supplies, as American driving demand hits …
Oil Bulls Face Make-or-Break Moment on Price Rally Read More »
Summary Court did not overturn FERC’s 2022 approval Environmental groups argue FERC ignored climate risks Commonwealth expects final investment decision by first-half 2025 (Reuters) – A U.S. court on Tuesday ordered federal regulators to reassess the impact of greenhouse gas emissions from Commonwealth LNG’s Louisiana liquefied natural gas project, potentially slowing full approvals for the …
U.S. Court Orders Federal Regulators to Assess Emissions of Louisiana LNG Project Read More »
(Reuters) – U.S. pipeline operator Energy Transfer and fuel distributor Sunoco on Tuesday said they would form a joint venture combining their crude oil and produced water-gathering assets in the Permian Basin. Dallas-based Sunoco is an affiliate of Energy Transfer, which billionaire Kelcy Warren controls. The joint venture, formed on July 1, is expected to be immediately …
Energy Transfer, Sunoco Form Joint Venture of Permian Crude Businesses Read More »
Positions span artificial intelligence specialists to more run-of-the-mill service jobs Bloomberg News Tesla Inc. is looking to hire nearly 800 new employees, three months after chief executive Elon Musk hastily ordered the largest round of layoffs in the company’s history. The roles have steadily popped up on Tesla’s careers page in recent weeks, with positions spanning artificial intelligence specialists to …
Tesla Goes on a Hiring Spree after Musk-Ordered Mass Layoffs Read More »
By Eric Onstad (Reuters) – Many companies are reluctant to invest in critical minerals and energy transition projects due to uncertainty about consumer demand for EVs and government commitment to zero-carbon goals, industry players said. The long-term picture is intact of a world needing large quantities of materials such as lithium, cobalt and copper to enable …
By Sabrina Valle July 15 (Reuters) – Exxon Mobil Corp (XOM.N) plans to drill up to 30 wells as part of its seventh oil project in Guyana, named Hammerhead, according to the development plan proposed by the company and disclosed by the government on Monday. The project, which is pending government approval, would start production in …
Exxon Plans to Drill Up to 30 Wells For its Seventh Oil Project in Guyana Read More »
