Shale Outlook Permian: The Once and Future King Keeps Delivering
The Permian Basin’s core is in full-scale manufacturing mode, with smaller intrepid operators pushing the basin’s boundaries further and deeper.
US to Release Clean Fuel Tax Credit Model That Limits Ethanol Producers’ Credit Access, Sources Say
By Jarrett Renshaw and Stephanie Kelly (Reuters) – The U.S. is expected to release by next week a climate model for clean fuel tax credits that will sharply reduce the ability of ethanol producers to access subsidies for production of sustainable aviation fuel, three sources familiar with the matter told Reuters. The exclusion of climate-smart …
US Drillers Cut Oil and Gas Rigs for First Time in Six Weeks – Baker Hughes
(Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in six weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell by 5 to 584 in …
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Biden Hits Russian Oil in Toughest Sanctions Yet in Bid to Give Ukraine, Trump Leverage
(Reuters) – The Biden administration on Friday imposed its broadest package of sanctions yet targeting Russia’s oil and gas revenues in an attempt to give Kyiv and the incoming administration of Donald Trump leverage to reach a deal for peace in Ukraine. The move is meant to cut Russia’s oil revenues for the war that …
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White House Says Domestic Oil Market Resilience Played into Russia Sanctions Timing
(Reuters) – The current resilience of the U.S. oil market was key to the White House’s decision to impose significant sanctions on Russia’s energy sector on Friday, a spokesperson for the Biden administration said. The strength of the domestic oil market allowed the administration to change its tactic in trying to hobble Russia’s economy in …
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US Slaps New Sanctions on Venezuela Officials as Maduro Inaugurated
(Reuters) – The United States on Friday imposed sanctions on eight Venezuelan officials and increased to $25 million the reward it is offering for the arrest of President Nicolas Maduro on the day of his inauguration to a third term following a disputed election last year. It was the latest in a series of punitive …
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Imperial Senior Vice President, Sustainability, Commercial Development and Product Solutions to assume new role at Exxon Mobil Corporation
CALGARY, Alberta–(BUSINESS WIRE)–Imperial (TSE: IMO, NYSE American: IMO) announced today that Sherri Evers, currently Senior Vice President, Sustainability, Commercial Development and Product Solutions for Imperial, will become North America Lubes General Manager for Exxon Mobil Corporation, effective March 1, 2025. “On behalf of Imperial, I would like to thank Sherri Evers for her contributions and strong …
Constellation To Acquire Calpine; Creates America’s Leading Producer of Clean and Reliable Energy to Meet Growing Demand for Customers and Communities
Constellation to Acquire Calpine in Stock and Cash Joins Best-in-Class Customer Platforms, Providing Opportunities to Better Serve Customers with a Broader Array of Energy and Sustainability Products Combines Nation’s Premier Nuclear, Natural Gas and Geothermal Fleets to Create Cleanest and Most Reliable Energy Producer, with Coast-to-Coast Presence Immediately and Highly Accretive to Constellation’s EPS and …
US NatGas Prices Climb 4% to One-Week High on Colder Forecasts, Record LNG FeedGas
(Reuters) – U.S. natural gas futures climbed about 4% to a one-week high on Friday on forecasts for colder weather and higher heating demand over the next two weeks than previously expected and record flows of gas to liquefied natural gas (LNG) export plants. That price increase came despite signs that the amount of gas …
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Canada’s Premiers to Visit Washington, D.C. on February 12, 2025 to Meet With Trump Administration Members
OTTAWA, ON – Ontario Premier Doug Ford, as Chair of the Council of the Federation, will lead a joint mission of Canada’s Premiers to Washington, D.C. on February 12, 2025. Premiers will meet with key members of the new Administration, Congress and business leaders to advocate for maintaining strong Canada-U.S. relations by addressing shared issues such as jobs and the economy, energy, critical …