A month after the US offered $1.5 billion to restart one shuttered nuclear power plant, there’s a growing sense among officials in the industry and government that it may not be the last. “There are a couple of nuclear power plants that we probably should, and can, turn back on,” said Jigar Shah, director of the US Energy …
Unthinkable Revival of Nuclear Plants Is a Reality in U.S. Shift Read More »
The cost of gas at the pump is already up 18% this year, but Congress is urging tougher sanctions enforcement. With only six months to go before the election, President Joe Biden’s strategy to lower gasoline prices is in jeopardy. The administration’s soft approach to sanctions on oil from Iran, Russia and Venezuela has been key …
Biden Strategy to Tame Gas Prices Is in Peril as Iran Sanctions Pressure Mounts Read More »
Plaquemines requests to import cargoes for start-up process The US became the world’s top LNG exporter last year Venture Global LNG Inc. expects to begin production at its second liquefied natural gas export facility in Louisiana in mid-2024, further cementing to the US as the world’s biggest supplier of the super-chilled fuel. The Arlington, Virgina-based …
Next U.S. LNG Export Plant Aims to Begin Production in Mid-2024 Read More »
(Reuters) – Financial details of Shell’s vast oil and gas trading business are some of the company’s closest-held secrets. Documents in a lawsuit filed by a former employee, however, revealed its U.S. crude trading regularly earns around $1 billion every year. Testimony by a former head of Shell’s U.S. crude trading division filed in a Texas …
Shell Earns $1 Billion a Year From U.S. Crude Trading, Court Filing shows Read More »
Turkey is in talks with US energy giant ExxonMobil over a multibillion-dollar deal to buy liquefied natural gas, in an effort to curb its dependence on Russian energy, the Financial Times reported on Sunday. The country is seeking to build a “new supply portfolio” that will make it less reliant on any single partner, Turkey’s …
Turkey in Talks with ExxonMobil Over Multibillion-Dollar LNG Deal, FT Reports Read More »
Italy is pushing for an agreement among the Group of Seven wealthy nations to set a target date for the phase-out of coal in power generation, diplomatic sources said ahead of a meeting of G7 energy ministers in Turin. An agreement on this would be one step in the direction indicated by the COP28 United …
Italy Pushes G7 For Coal Phase-Out Date Ahead of Energy Meeting, Sources say Read More »
MIDLAND, Texas, April 26, 2024 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced that its stockholders have approved the issuance of shares of Diamondback common stock in connection with the proposed business combination with Endeavor Energy Resources, L.P. (“Endeavor”). Additionally, Diamondback stockholders approved a proposal to amend the Company’s …
Marathon Oil, Occidental, Continental Resources and others are reaching under the Permian’s popular benches for new drilling locations. Analysts think there are areas of the basin where the Permian’s deeper zones can compete for capital.
August prices for Dallas hit an 82% premium from a year ago Grid operator Ercot issues power warning for next week A surge in Texas power prices for August suggests another summer of heavy electricity demand — and potential grid strain — to meet air-conditioning needs. Traders start looking at prices months in advance to …
Texas Power Prices Signal Grid Stress in Another Long, Hot Summer Read More »
Intraday cash prices at Waha fall to about -$3 per million Btu Kinder Morgan shut a pipeline segment, trapping gas in region Natural gas prices in West Texas under pressure from a glut in supply sank even further into negative territory after a segment of a pipeline system was shut following a fire, threatening …
Texas Natural Gas Prices Plummet After Pipeline Fire Read More »
