Ukraine’s Zelenskiy Orders Faster Imports of electricity, Power Equipment

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(Reuters) – President Volodymyr Zelenskiy said on Saturday that he had ordered imports of electricity and additional power equipment to be accelerated as much as possible as Ukraine confronts its worst wartime energy crisis. The government has declared an energy emergency as the system, damaged by relentless Russian strikes, is meeting only 60% of electricity …

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White House Seeks Emergency Power Auction for Largest US Electric Grid

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Summary Companies Governors, Trump administration sign two-year price cap deal for future PJM power auction PJM grid covers 67 million people in 13 mid-Atlantic and inland states Rising power bills cause political backlash in PJM region(Reuters) – The White House on Friday urged the largest U.S. electric grid to conduct an emergency power auction to …

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US Moving Fast to Expand Chevron’s Venezuela License, Energy Secretary Wright Tells Reuters

Conventional Energy, Latest, Oil, US News / By

Summary Chevron’s export capacity from Venezuela could increase with new license terms US aims to sell Venezuelan oil at higher prices post-Maduro Funds from oil sales may eventually move to US banks, Energy Secretary Wright suggests (Reuters) – The U.S. is moving as fast as it can to grant Chevron an expanded license for its …

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Venezuelan Banks Sill get $300 million of Oil Money to Sell on Exchange Market

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  Four Venezuelan banks were notified this week by the country’s government that they will split $300 million of oil revenues deposited in an account in Qatar, enabling them to sell dollars to Venezuelan companies that need foreign exchange to pay for materials, two financial sources and an analyst said. The injection of foreign capital …

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US Not Currently Considering Using Venezuelan Oil in Exchange to Fill Strategic Reserve, Energy Department Says

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(Reuters) – The U.S. government is not currently considering using Venezuelan oil in an exchange with U.S. oil companies to refill the country’s Strategic Petroleum Reserve, the Department of Energy said on Friday. Earlier on Friday, Reuters reported that two sources said the Trump administration was exploring a plan that would deliver Venezuelan oil to …

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The 40% of US Oil Jobs Lost Over the Last Decade Aren’t Coming Back

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Oil majors have grown more efficient in the years since the shale bubble burst in 2014, pumping record production with a fraction of the workforce. By Julia Fanzeres and Will Kubzansky An oilfield crew works a service rig during a state-funded oil well plugging operation in Midland. Photographer: Eli Hartman/Bloomberg The US oil and gas …

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Veteran Gas Executive Steve Hill Is Leaving Mercuria

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By Stephen Stapczynski, Priscila Azevedo Rocha, and Archie Hunter Steve Hill, left. Photographer: Danielle Villasana/Bloomberg Steve Hill, who was hired by Mercuria Energy Group in 2024 to build out its liquefied natural gas business, is leaving the trading house. Hill was part of the company’s efforts to expand into the fast-growing global LNG market. Before …

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Trump Moves to Have Tech Giants Pay for Surging Power Costs

Artificial Inteligence, Electricity Grid, Energy Topics & Technology, Latest, US News / By

By Jennifer A Dlouhy and Naureen S Malik A power substation near a data center in Ashburn, Virginia. Photographer: Nathan Howard/Bloomberg President Donald Trump and the governors of several US Northeastern states agreed to push for an emergency wholesale electricity auction that would compel technology companies to effectively fund new power plants. The unprecedented plan, …

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Oil Wildcatter Hamm Is Halting Drilling in the Bakken

Conventional Energy, Latest, Oil, US News / By

Concerns over a global crude glut have pressured prices, weighing on profits. By David Wethe Harold Hamm, the billionaire wildcatter who helped kick off the US shale oil revolution, is once again making history. This time it’s a sign of retrenchment. Hamm said he’s about to shut down drilling in North Dakota’s Bakken for the …

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Trump Officials Vow to Keep All US Coal Plants Running

Coal, Conventional Energy, Latest, US News / By

By Jennifer A Dlouhy and Will Wade Trump administration officials vowed to keep US coal power plants operating, casting it as an imperative to meet surging electricity demand and drive a revival of the nation’s industrial base. “The goal is 100% open,” said Interior Secretary Doug Burgum. “That’s the standard we’re operating against.” Burgum’s comment …

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