U.S. regulators consider the issue of data centers in power plants
The Federal Energy Regulatory Commission held a technical meeting on Friday to discuss the reliability and cost concerns associated with the growing trend of building data centers that are energy-intensive on the site of U.S.
Sources say ConocoPhillips is exploring the sale of Permian Shale assets worth more than $1 billion.
ConocoPhillips has been looking at selling some of its Permian basin shale assets worth more than $1billion, after two unsuccessful years of trying to sell the same assets. Houston-based oil producer…
What are the differences between Trump and Harris' energy policies?
Both Donald Trump, a Republican, and Kamala Harrias are Democrats. They both want to increase production while keeping prices low for consumers. The main difference is that Harris wants to favor clean…
Italy's largest insurance company expands its oil and gas exclusion list
Generali, an Italian insurer, will not provide new insurance to companies that are involved in the transportation, processing, and distribution of oil and gas if their energy transition plans are inadequate…
Three workers sue Pemex in Texas for injuries
On Monday, three workers filed a lawsuit against Mexico's state oil company Pemex in Houston. They claim to have been injured in a release of hydrogen sulfide at a refinery in Deer Park in Texas on Thursday.
Baker Hughes reports that US drillers have added oil and gas rigs to their fleet for the first time in 4 weeks.
Baker Hughes, a leading energy services company, said that the U.S. added oil and gas rigs this week for the first time since four weeks. The number of oil and gas rigs, a good indicator of future production…
EIA: US natgas production will decline in 2024 as demand reaches record levels, EIA reports
The U.S. Energy Information Administration's (EIA's) Short Term Energy Outlook, released on Tuesday, predicted that U.S. Natural Gas production would decline by 2024 and demand would rise to a new record.
US unveils first of two decisions regarding solar tariffs
The U.S. Trade officials may this week impose new tariffs against solar panels imported from four Southeast Asian countries. American manufacturers claim that these nations provide unfair subsidies, which make U.S. goods uncompetitive.
Sources say that Citizen Energy, a producer of shale oil and gas, will buy Validus in a deal worth more than $2 billion.
According to sources familiar with the situation, Validus Energy, a privately held oil and natural gas producer, has agreed to purchase Citizen Energy, a rival company, for over $2 billion including debt. The U.S.
Kiewit: Equipment shortages increase costs of LNG plants
Tom Shelby, Kiewit Energy's President, said that the boom in U.S. LNG plant construction has caused shortages of electric motors, transformers and generators. This has contributed to increased costs and construction delays.
Putin: Russia should restrict exports of uranium and titanium
On Wednesday, Russian President Vladimir Putin stated that Moscow could consider limiting the exports of uranium and titanium in order to retaliate against the West. In comments made to government ministers via televised broadcast…
Official from RPT-Argentina says that lithium and copper will drive metal exports up to $10 billion by 2027
Luis Lucero, Argentina's Mining Secretary, said that the country's mining exports would more than double in 2027 to $10 billion from $4 billion. This is due to a slew of new lithium projects and a nascent push for copper.
Sugar cane fields are ravaged by wildfires in Brazil's southeast
On Saturday, wildfires spread through sugarcane fields of northern Sao Paulo State. The smoke clouds that accompanied the fires covered the nearby towns to such an extent that officials banned outdoor sports.
Venture Global doesn't need any more time from BP to begin production, BP says to regulators
BP Plc, the oil and gas producer, told federal regulators that it had reviewed confidential documents and did not believe Venture Global LNG needed more time to start commercial production. Calcasieu Pass…
Exxon reports 59 job losses at Texas agency following the acquisition of Pioneer
Exxon Mobil laid off 59 employees following the acquisition of Pioneer Natural Resources for $60 billion, according to an application filed with the Texas Workforce Commission. Exxon has confirmed that more than 1…
US Natural Gas Producers Eye More Production Cuts as Prices Fall
After prices fell nearly 40% in just two months, major U.S. gas producers plan to curtail their production further during the second half 2024. The Henry Hub futures price has dropped below $2 per…
US Energy Firm Payouts to Oil Investors Top Exploration Spending for First Time
Top U.S. energy companies last year paid out more of their earnings to shareholders than they invested in new oil and gas fields for the first time, according to a report released on Tuesday.The outlook…
Russian Oil Revenues Falling Because of Price Cap -US Official
Russian oil revenues are falling due to the price cap that Western countries imposed on its crude oil shipments and, ahead of further caps on Russia's oil products, Europe is well positioned to manage any price pressures, a U.S.
US Steps Up Heavy Crude Imports
U.S. refiners last month imported the most heavy crude in nearly two years, customs data showed, as they cranked up motor fuel production and sought to replace sanctioned Russian oil.Higher heavy-crude…
IEA: World Must Triple Renewable Energy Spending by 2030 to Curb Climate Change
Investment in renewable energy needs to triple by the end of the decade if the world hopes to effectively fight climate change and keep volatile energy markets under control, the International Energy…
