The Biden administration has pulled back an offer to buy 6 million barrels of oil for the Strategic Petroleum Reserve because of conditions in the market, an Energy Department spokesperson said on Tuesday. The administration made the latest solicitation to buy the oil on July 7. After the administration released a record 180 million barrels …

U.S. pulls back offer to buy 6 million barrels of oil for emergency reserve Read More »

Tesla Inc. is seeking nearly $100 million from the US to build nine electric semi-truck charging stations along a route from the southern border of Texas to northern California, according to emails seen by Bloomberg News. The company proposed each be equipped with eight 750-kilowatt chargers for Tesla Semi vehicles and four chargers for trucks …

Tesla Wants to Build a Semi Truck-Charging Route From Texas to California Read More »

(Reuters) – Oil prices edged lower on Tuesday on signs of profit-taking after rallying in July when investors benefited from tightening global supplies and signs of growing demand in the second half of the year. Brent crude futures for October were at $85.89 a barrel at 0822 GMT, down 54 cents. Front-month Brent settled at …

Oil Dips on Signs of Profit-Taking After Rallying in July Read More »

The first thing that greets visitors entering the headquarters of billionaire Harold Hamm’s Continental Resources Inc. is a 9-foot-long statue of a snarling bull named Boe.Boe — short for barrels of oil equivalent — is an apt symbol for a veteran wildcatter who’s still betting big on more crude production in the US. Hamm is …

Billionaire Harold Hamm Sees a Great Oil Fortune Still Untapped in U.S. Shale Read More »

The first thing that greets visitors entering the headquarters of billionaire Harold Hamm’s Continental Resources Inc. is a 9-foot-long statue of a snarling bull named Boe.Boe — short for barrels of oil equivalent — is an apt symbol for a veteran wildcatter who’s still betting big on more crude production in the US. Hamm is …

Billionaire Harold Hamm Sees a Great Oil Fortune Still Untapped in US Shale Read More »

Harold Hamm, the billionaire wildcatter and major GOP donor, held a difficult phone call in May: He told his longtime friend Donald Trump that he didn’t think the former president could win the 2024 general election.That’s why Hamm hasn’t opened his checkbook for Trump in this campaign cycle, instead throwing his dollars behind other Republican …

Oil Tycoon Harold Hamm Cuts Trump Support While Backing DeSantis, Haley Read More »

Permission Now Required Many years ago, as a newly hired consultant for a Big Four firm, I was on my first road trip along with my new office mate, Michel, to Montreal. Expense account travel was altogether new to me and as the more experienced consultant, Michel took it on himself to teach me the …

Accelerate Project Approvals Using Data and Analytics – Geoffrey Cann Read More »

 U.S. liquefied natural gas (LNG) export facilities brought in a record amount of natural gas in the first six months of this year after the Freeport LNG terminal returned to service, the U.S. Energy Information Administration (EIA) said on Monday. Natural gas delivered by pipeline to LNG export facilities, called LNG feed gas, averaged 12.8 …

U.S. LNG Feed Gas at Record High in First Half as Freeport Restarts Read More »

Canada’s TC Energy began re-pressurizing part of its Columbia Gas Transmission Pipeline in Strasburg, Virginia that was not directly impacted by an unplanned incident last week, the company said late on Friday. On July 25, TC Energy declared a force majeure and isolated a section of its ‘Line VB’ pipeline in Virginia after detecting a pressure …

TC Energy begins re-pressurizing unaffected pipeline section in Virginia Read More »

The Biden administration is pressing carmakers to sharply increase fuel economy by early next decade in a bid to cut gas usage and accelerate the country’s transition to cleaner or zero-emission vehicles.Under a proposal revealed Friday by the US National Highway Traffic Safety Administration, automobiles would reach an average of about 58 miles (93.3 kilometers) …

Biden Proposes Stricter Fuel-Efficiency Standards for Carmakers Read More »