Rocky Mountain Power Clears Torus as Commercial Battery Provider
The approval means Torus is certified to deploy up to 1.2 megawatts for grid-scale energy storage systems across the PacifiCorp service territory, Torus says.
Alaska’s Crude Oil Production to Grow in 2026, First Time Since 2017, EIA Says
(Reuters) – The U.S. Energy Information Administration on Wednesday forecast that Alaska’s annual crude oil production will increase in 2026, a first since 2017 and, if realized, the largest since 2002. The agency in its March 2025 Short-Term Energy Outlook report forecasts Alaska’s crude production to rise by “16,000 barrels per day (bbl/d) in 2026 …
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China Automaker Turns Heads With EV it Says Charges in 5 Minutes
Here’s how BYD’s Super e-Platform stack up against the competition Chinese automaker BYD Co. is turning heads with claims that it’s developed an electric-vehicle (EV) platform it says will enable drivers to charge an EV in roughly the same time it takes to refuel a gasoline car. From “more features for no more price” and …
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Citadel Expands Further in US Natural Gas With $1 Billion Deal
By Devika Krishna Kumar and Ruth Liao Citadel made one of its biggest investments yet in the physical US natural gas market, expanding in one of its most profitable business areas. The hedge fund, led by Ken Griffin, agreed to buy assets from closely held Paloma Natural Gas LLC in a deal valued at about …
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Brookfield Leading Race to Acquire US$10 Billion Colonial Pipeline
Despite Donald Trump’s push to expand domestic energy infrastructure, building new oil and natural gas pipelines remains difficult Brookfield Asset Management Ltd. is emerging as the front-runner to acquire Colonial Pipeline Co., people familiar with the matter said. The investment firm is seen as the strongest contender after final offers were submitted last week, advancing …
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US Natgas Prices Jump 5% to One-Week High on Record LNG Flows, Daily Output Drop
(Reuters) – U.S. natural gas futures jumped about 5% to a one-week high on Wednesday on record flows to liquefied natural gas (LNG) export plants and a second drop in daily output. Front-month gas futures for April delivery on the New York Mercantile Exchange rose 19.5 cents, or 4.8%, to settle at $4.247 per million …
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Lufkin Industries Announces Sale of North America Downhole business to Q2 Artificial Lift Services
HOUSTON, March 19, 2025 (GLOBE NEWSWIRE) — Lufkin Industries (“Lufkin”), a global leader in surface production equipment and automation solutions, has announced the sale of its North America Downhole (“NAM Downhole”) business to Q2 Artificial Lift Services (“Q2”), a leading provider of downhole reciprocating pumps. This transaction aligns with Lufkin’s strategic focus on its core …
Excelerate Energy, Petrovietnam Gas Sign MOU to Secure US LNG
Excelerate Energy Inc. and Petrovietnam Gas Joint Stock Corp. are collaborating to secure LNG from the U.S. as early as 2026.
Segrist: Permit Reform Rumbles as US Seeks to ‘Unleash American Energy’
The White House has called for changes to a heavily criticized system, but new rules require a lot more work.
Vitol Boosts Upstream Presence in West Africa with $1.65B Deal
Vitol is acquiring oil and gas E&P assets in Cote d’Ivoire and the Republic of Congo from Eni for $1.65 billion.