U.S. natural gas futures climbed about 2% to a fresh eight-month high on Friday on lower output, rising exports and expectations that seasonally cooler weather will boost heating demand in coming weeks. Also supporting prices, workers at U.S. energy firm Chevron’s two liquefied natural gas (LNG) export plants in Western Australia voted to restart strikes. Australia …

U.S. natgas prices up 2% to 8-month high on lower output, cooler forecasts Read More »

By Cody Good Courtesy of ENERGYminute See more articles and infographics from ENERGYminute HERE Small Modular Reactors (SMRs) have a history dating back several decades, and their development has been driven by various factors, including the need for safer and more flexible nuclear energy options. Here’s a brief history of SMRs: Early Concepts (1950s-1970s): The concept of …

INFOGRAPHIC: Visualizing Small Modular Reactors – ENERGYminute Read More »

Texas utility CPS Energy is rebuffing the state grid operator’s plea to restart a decommissioned coal-fired plant to reduce the threat of another winter power crisis. The Electric Reliability Council of Texas issued a notice Oct. 2 requesting as much as 3,000 megawatts of additional capacity — enough to power 600,000 homes during periods of peak demand — for …

Texas Utility Rejects Plea to Restart Coal Plant Ahead of Winter Read More »

After a decade of being trounced by Tesla Inc., this was supposed to be the year that traditional automakers finally put up a fight for electric cars.  General Motors was committing its biggest brands to a new line of electric models; Ford and Volkswagen were ramping up production of EVs designed for the masses. It was, many predicted, time for …

Tesla’s Year of Price Cuts Exposes Crisis for Legacy Auto Read More »

(Reuters) – Exxon Mobil  is in advanced talks to acquire Pioneer Natural Resources in a deal that could value the Permian shale basin producer in the region of $60 billion, people familiar with the matter said on Thursday. The acquisition would expand Exxon’s footprint in one of the most lucrative areas of the U.S. oil …

Exxon Mobil in Advanced Talks for $60 Bln Acquisition of Pioneer Natural Resources Read More »

Global crude oil prices could drop to about $60 per barrel by 2027 as demand growth slows, say oil analysts at Rystad Energy, chopping a third off next year’s peak price as demand tumbles. Their outlook is a reassuring message amid recent Wall Street analysts predicting up to $150 per barrel in the next two …

Rystad Analysts Say Oil Demand Peaking, Predict $60 a Barrel by 2027 Read More »

Analysis by Energy Workforce President Tim Tarpley On Friday of last week, after more than a year of delays and bureaucratic slowdowns, the Biden Administration finally released its five-year offshore leasing plan. It was immediately clear that the Administration was going to continue limiting access to American resources. The Administration will hold three offshore oil lease …

Battle for Access to Offshore Resources Continues – Energy Workforce President Tim Tarpley Read More »

U.S. manufacturers reported business activity declined for the 11th month running in September, but the cycle appeared to be close to its trough and poised to return to growth in the next few months. Renewed manufacturing growth will boost industrial energy consumption, especially for diesel, but with inventories still low, prices are set to escalate …

U.S. Manufacturing Rebound Will Stretch Diesel Supplies: John Kemp Read More »

Exxon Mobil said on Wednesday big increases in oil and gas prices would lift third-quarter earnings by between $1.1 billion and $1.9 billion, compared with the second quarter. Exxon’s snapshot of operating profits, delivered in a securities filing after the market close, is another sign the energy industry’s run of high profits has continued. The largest …

Exxon Mobil’s third quarter oil profits to jump on strong prices Read More »

The biggest oil producer in the United Arab Emirates awarded contracts worth almost $17 billion to develop an offshore natural gas field along with a project to capture carbon dioxide emissions. Saipem SpA and Maire Tecnimont SpA were among companies that won deals with the Abu Dhabi National Oil Co. for work on the Ghasha …

UAE Energy Giant Awards $17 Billion Gas Expansion Contracts Read More »