Maguire: Slow rollout of charge points could stall US EV sales momentum
The United States has seen a 140% increase in electric vehicle sales since 2023. However, further growth could be hindered if public charging stations are not rolled out more evenly and at a slower pace.
Maguire: Slow rollout of charge points could stall US EV sales momentum
The United States has seen a 140% increase in electric vehicle sales since 2023. However, further growth could be hindered if public charging stations are not rolled out more evenly and at a slower pace.
Baker Hughes Finds US Drillers Add Most O&G Rigs Since April
U.S. energy firms this week added the most oil and natural gas rigs in a week since April as rising oil prices prompt more drillers to return to the wellpad.The oil and gas rig count, an early indicator of future output…
US Oil Rig Count Rises for First Week Since March
U.S. energy firms cut the number of oil and natural gas rigs operating to a record low for a 12th week in a row, although they added one oil rig in the first weekly increase since March as a recovery in…
How BP Found Shale Profits With 'Crystal Ball' Oilfield Technology
In the pine forests of eastern Texas, oilfield workers equipped with virtual-reality goggles are helping BP's shale business turn a profit for the first time.Thousands of automated wells feed data on their…
BP Pays $10.5 bln for BHP Shale Assets
BP Plc has agreed to buy U.S. shale oil and gas assets from global miner BHP Billiton for $10.5 billion, expanding the British oil major's footprint in some of the nation's most productive oil basins in…
EPA Announces Funding to Reduce Diesel Emissions
Preference given to fleets in areas facing air quality challenges. The U.S. Environmental Protection Agency (EPA) announced the availability of grant funding to modernize the nation’s diesel fleet by retrofitting or replacing vehicles with cleaner…
BHP Mulls Asset Swaps as it Exits Shale
Global miner BHP will consider swapping certain onshore oil and gas assets with competitors' offshore assets, as part of its effort to exit U.S. shale formations, Steve Pastor, BHP's president for petroleum operations, said on Wednesday.
U.S. Crude Stocks Rise Despite Cushing Drawdown
U.S. crude stocks rose less than expected last week, but the storage hub of Cushing, Oklahoma, saw yet another drawdown that has halved stocks in the last three months, a trend that may continue until more refiners shut for maintenance.
BHP Hires Four Banks for U.S. Shale Exit
BHP hires Barclays, Citi, BAML and GS. BHP , the world's largest miner, has asked four investment banks to help it prepare for either a sale or spin-off of its underperforming U.S. shale oil and gas unit…
SandRidge Energy to Buy Bonanza Creek in $746 Mln Deal
Oil and gas producer SandRidge Energy said on Wednesday it would buy rival Bonanza Creek in a deal valued at $746 million to expand its presence in the Denver-Julesburg Basin of Colorado. Shares of SandRidge fell 19.4 percent…
BHP hires Barclays, Citi for U.S. shale gas divestment
BHP Billiton has hired Barclays and Citigroup to help it exit its underperforming U.S. shale oil and gas business, which could fetch around $10 billion, two banking sources said. U.S. activist investor Elliott Advisors…
BHP Hires Barclays to Divest US Shale Assets
BHP has hired Barclays to divest its U.S. Fayetteville shale gas assets as the miner seeks to fend off an attack by activist funds, two sources close to the matter said on Tuesday. BHP said last month…
US Oil Rig Count Highest Since Sept. 2015 -Baker Hughes
U.S. drillers added oil rigs for an eighth week in a row to the most since September 2015, extending a ten-month recovery as energy companies boost spending to take advantage of a recovery in crude prices…
Pipeline Fight Moves from Dakotas to Louisiana
When Hope Rosinski's father gave her a six-acre plot in Louisiana more than a decade ago, she was surprised to find oil and gas pipelines crisscrossing the property. Pipeline companies later secured her permission for two more lines…
US Refiners Face Severe Labor Shortage
After years of running flat out, U.S. Gulf Coast refiners are lining up repairs to plants in 2017 - but facing a severe labor shortage that could delay work, drive up costs and raise accident risks. Fuel…
EIA report: Lower Prices Lead to Decline in Oil, Gas Reserves
U.S. crude oil proved reserves declined 4.7 billion barrels (11.8%) from their year-end 2014 level to 35.2 billion barrels at year-end 2015, according to U.S. Crude Oil and Natural Gas Proved Reserves, Year-end 2015, released today by the U.S.
Oil Lower after U.S. Crude Build
U.S. crude stocks rose last week; dollar, world stocks trim losses after Trump victory speech. Oil fell on Wednesday in choppy trading after weekly data showed another build in U.S. crude inventories,…
US Oil Drillers Add Rigs for 5th Week in a Row
U.S. drillers this week added oil rigs for a fifth consecutive week, Baker Hughes Inc said on Friday, but the oilfield services provider and some analysts cast doubts on a substantial recovery in drilling…
Most States on track to Meet Emissions Targets
The 27 states challenging Obama's Clean Power Plan in court say the lower emissions levels it would impose are an undue burden. But most are likely to hit them anyway. Already, Arkansas, North Carolina…
