(Reuters) – The head of Exxon Mobil’s shale oil and gas business, a unit involved in merger talks with rival Pioneer Natural Resources, was arrested at a Texas hotel last week on a sexual assault charge, police said. David Scott, an Exxon senior vice president who oversees all its shale oil and gas production business, …
Head of Exxon’s U.S. Shale Oil Business Faces Sexual Assault Charge in Texas Read More »
On October 2, 2023, the Railroad Commission of Texas (the “RRC”) made an announcement on changes to Statewide Rule 8, which regulates how oil and gas waste is managed within the state. The vast majority of oil and gas waste is disposed of in drilling pits. Drilling pits (shown in the image below) are large …
RRC Proposes Major Overhaul for Water Protection and Oil & Gas Waste Management Rules Read More »
The White House may have blamed Exxon Mobil for high energy prices taking their toll on consumers, but would struggle to thwart the top U.S. oil producer’s contemplated $60 billion acquisition of Pioneer Natural Resources, five antitrust lawyers and experts said on Friday. Deal negotiations between Exxon and Pioneer are advanced but have not yet led …
U.S. Would Struggle to Block Exxon’s Politically Unpopular Megadeal Read More »
US job growth sizzles; wage inflation cooling Russia lifts ban on most diesel exports US oil rig count at lowest since Feb 2022 -Baker Hughes NEW YORK, Oct 6 (Reuters) – Oil prices rose on Friday but remained posted their steepest weekly losses since March, after another partial lifting of Russia’s fuel export ban compounded …
Oil Prices Rise, but Post Biggest Weekly Decline Since March Read More »
Line fill on the Trans Mountain oil pipeline expansion will start in the first quarter of 2024 and take about six to seven weeks to complete, the Canadian government-owned corporation building the project said on Friday. Line fill will require about 4.5 million barrels of oil, Trans Mountain Corp said, adding that the expansion project …
Trans Mountain to Start Line Fill on Canada Oil Pipeline Next Quarter Read More »
(Reuters) – Three U.S. states in New England – Massachusetts, Rhode Island and Connecticut – on Wednesday agreed to jointly procure offshore wind power as soaring interest rates and rising equipment and labor costs have made some projects uneconomic. By joining forces, the states hope to counter the pain rippling across the nascent U.S. offshore …
New England states join to buy offshore wind power as U.S. industry struggles Read More »
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 »
