TXNM Energy Gets FERC Approval for $11.5 Billion Blackstone Deal

Energy Topics & Technology, Latest, US News, Utilities / By

  (Reuters) – TXNM Energy on Friday said the U.S. Federal Energy Regulatory Commission (FERC) had authorized the company’s acquisition by Blackstone Infrastructure. Last year, Blackstone agreed to acquire the utility company in an $11.5 billion deal, including debt. FERC concluded that there is “no evidence that either state or federal regulation will be impaired by the proposed …

TXNM Energy Gets FERC Approval for $11.5 Billion Blackstone Deal Read More »

US Judge Upholds $243 Million Verdict Against Tesla Over Fatal Autopilot Crash

Electric Vehicles, Energy Topics & Technology, Latest, US News / By

Summary Judge says evidence at trial supported verdict Autopilot-equipped Model S crashed into victims Tesla not available for comment, expected to appeal Feb 20 (Reuters) – A federal judge rejected Tesla’s  request to overturn a $243 million jury verdict over the 2019 crash of an Autopilot-equipped Model S, which killed a 22-year-old woman and severely injured …

US Judge Upholds $243 Million Verdict Against Tesla Over Fatal Autopilot Crash Read More »

Oil Rises Late, Settles Higher and With Weekly Gain on Iran-US Jitters

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

Summary Oil prices hold near six-month high Strait of Hormuz supply risk fears US Supreme Court decision on tariffs has little effect on crude Traders and investors bet on rising prices: Saxo Bank (Reuters) – Brent crude prices rose in late-day short-covering on Friday as investors worried about U.S. military action, as President Donald Trump …

Oil Rises Late, Settles Higher and With Weekly Gain on Iran-US Jitters Read More »

Trump Tariff Reversal Could Cut Costs for US Energy Firms But Will Likely Leave Broader Flows Unchanged

Conventional Energy, Energy Topics & Technology, Latest, LNG, OFS-Oilfield Services, Oil, Pinned Primary, US News / By

The U.S. Supreme Court’s Friday decision to strike down trade tariffs imposed by President Donald Trump last year may ease costs for some oil producers and drillers, but experts and analysts told Reuters that broader energy flows would likely remain unchanged for now. The court’s ruling could reduce the cost of building LNG plants and …

Trump Tariff Reversal Could Cut Costs for US Energy Firms But Will Likely Leave Broader Flows Unchanged Read More »

Cubans Fight Blackouts With Solar as US Extends Oil Chokehold

CDN and International News, Latest, Renewable Energy, Solar / By

By Anett Rios and Alien Fernandez HAVANA, Feb 20 (Reuters) – Cubans are scrambling to install solar panels on their homes, shops and vehicles to combat extended blackouts as Washington prevents oil shipments from reaching the Caribbean’s largest island, contributing to electricity generation shortfalls. U.S. sanctions and a deep economic crisis have for years made …

Cubans Fight Blackouts With Solar as US Extends Oil Chokehold Read More »

US Lawmakers Plan Iran War Powers Vote as Trump Weighs Strikes

Latest, US News / By

(Reuters) – The U.S. Congress could vote as soon as next week on whether to block President Donald Trump’s ability to strike Iran without lawmakers’ approval, as the U.S. military prepares for a potential serious conflict with Iran if diplomatic efforts fail. Members of Congress, including a few of Trump’s fellow Republicans as well as …

US Lawmakers Plan Iran War Powers Vote as Trump Weighs Strikes Read More »

US Drillers Keep Oil and Natgas Rig Count Unchanged for Second Week in a Row, Says Baker Hughes

Conventional Energy, Latest, Natural Gas, Oil, US News / By

(Reuters) – U.S. energy firms this week kept the number of oil and natural gas rigs unchanged for a second week in a row, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, held steady at 551 in the …

US Drillers Keep Oil and Natgas Rig Count Unchanged for Second Week in a Row, Says Baker Hughes Read More »

ConocoPhillips Considers Selling Permian Assets Worth $2 Billion, Bloomberg News Reports

Energy Topics & Technology, Exploration & Production, Latest, US News / By

(Reuters) – ConocoPhillips is exploring a sale of some of its Permian Basin assets as part of a broader streamlining of its portfolio, Bloomberg News reported on Friday, citing people familiar with the matter. The assets, picked up over the years through deals with Concho Resources and Shell, are expected to fetch about $2 billion, …

ConocoPhillips Considers Selling Permian Assets Worth $2 Billion, Bloomberg News Reports Read More »

Energy Transfer Terminates Offtake Agreements with Some Customers of Suspended Lake Charles LNG Project

CDN and International News, Latest, LNG, US News / By

Energy Transfer has terminated offtake agreements with some customers of its suspended Lake Charles liquefied natural gas project in Louisiana, according to a filing with the U.S. Securities and Exchange Commission on Thursday. Here are some details: * “Several LNG offtake agreements have been terminated based on the nonsatisfaction of the condition related to making …

Energy Transfer Terminates Offtake Agreements with Some Customers of Suspended Lake Charles LNG Project Read More »

US Negotiating With India on Venezuelan Oil Sale, US Envoy Says

Conventional Energy, Latest, Oil, US News / By

Summary Dept of Energy in talks with Indian govt on Venezuelan oil sale US made oil supply diversification central to India trade talks Interim trade deal effective April, India trade minister says NEW DELHI, Feb 20 (Reuters) – The United States is in “active negotiation” over the sale of Venezuelan oil to India, to help …

US Negotiating With India on Venezuelan Oil Sale, US Envoy Says Read More »

Subscribe
Subscribe