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Phillips 66 to Buy EPIC NGL for $2.2 Bln in Bid to Boost Permian Presence

Energy Topics & Technology, Latest, Pipelines, Tri-Pinned / By

 U.S. oil refiner Phillips 66 said on Monday it would acquire various pipelines and distribution systems from Ares-backed EPIC NGL in an all-cash deal for $2.2 billion, as it seeks to expand its Permian presence. The U.S. shale industry has witnessed a record-breaking wave of dealmaking in the recent past, as energy companies have rushed …

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Exxon Mobil Sues California Attorney General, Environmental Groups

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

Jan 6 (Reuters) – Exxon Mobil (XOM.N) filed a lawsuit on Monday against California Attorney General Rob Bonta and several environmental groups, court records show. The lawsuit filed in the federal court in Beaumont, Texas includes a cause of action sounding in libel or slander, court records show. A copy of the complaint was not …

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Where Does Solar and Wind Renewable Electricity Generation Make Sense? – Yogi Schulz

Electricity Grid, Energy Commentary, Energy Topics & Technology, Hydro, Latest, Renewable Energy, Solar, US News, Wind / By

By Yogi Schulz We’ve all read about the heated and continuing debate about the effectiveness and cost of solar and wind renewable electricity generation. Some have hyped these technologies as the saviour for the energy transition to address the impact of climate change. Others have challenged their cost, reliability and lifespan. Where do these technologies …

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Biden Loosens Rules for Hydrogen Subsidies Worth Billions

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

Final rules provide carve-out for existing nuclear power Subsidy has been the subject of intense Washington lobbying The Biden administration loosened some stringent safeguards on a tax credit worth billions of dollars for hydrogen production, after companies argued the rules would stifle domestic manufacturing of the fuel. The tax credit created by President Joe Biden’s …

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Biden to Ban New Oil Drilling Over Vast Stretch of US Atlantic, Pacific Waters

Conventional Energy, Drilling Rigs, Energy Topics & Technology, Latest, Offshore, Oil, US News / By

Proclamation protects 625 million acres of Pacific, Atlantic Decision complicates any Trump bid to widen offshore drilling President Joe Biden is set to order a ban on new offshore oil and gas development across some 625 million acres of US coastal territory, ruling out the sale of drilling rights in Atlantic and Pacific waters as well as …

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‘Great Deal’: Trudeau Conservative Rival Pierre Poilievre Makes Canadian Energy Pitch to Trump – “We Can Both Win”

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, LNG, Natural Gas, Oil, Pipelines, Tri-Pinned / By

Poilievre says he would ramp up LNG, electricity for US needs Trump has complained about oil-fueled trade gap with Canada Since winning the US election, Donald Trump has taunted Canadian Prime Minister Justin Trudeau by calling him governor of a 51st US state, threatened 25% tariffs, and vented that the US is getting ripped off by its northern neighbor because …

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Biden to Ban More Offshore Oil Drilling Before Trump Arrives

Conventional Energy, Energy Topics & Technology, Latest, Offshore, Oil, US News / By

Order would set permanent protections for some coastal waters Decree to complicate Trump’s plan to boost US crude production President Joe Biden is preparing to issue a decree permanently banning new offshore oil and gas development in some US coastal waters, locking in difficult-to-revoke protections during his final weeks in the White House. Biden is set within …

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COMMENTARY: Solar and Wind Power Make Electricity More Expensive – That’s a Fact

Conventional Energy, Energy Commentary, Energy Topics & Technology, Latest, Natural Gas, Renewable Energy, Solar, US News, Wind / By

As a new year dawns and winter takes hold, it’s worth considering the cost of energy. After a meeting in Italy last spring, the G7 countries (including Canada) pledged to triple renewable energy sources (e.g. wind, solar) globally to ensure an “affordable” energy future. But while direct costs for wind and solar are dropping, they remain expensive due …

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U.S. Oil Production Rose to Record High in October, EIA Data Shows

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

U.S. oil production rose 260,000 barrels per day (bpd) month-over-month to a record 13.46 million bpd in October as demand surged to the highest levels since the pandemic, data from the U.S. Energy Information Administration showed on Tuesday. U.S. oil output has grown rapidly this year, even as concerns of oversupply have weighed heavily on …

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Energy North: Top 10 Good News Stories About Canadian Energy in 2024

Carbon Capture, CDN and International News, Conventional Energy, Energy Commentary, Energy Topics & Technology, Latest, LNG, Methane, Natural Gas, Oil / By

Record oil production, more Indigenous ownership and inching closer to LNG By Deborah Jaremko It’s likely 2024 will go down in history as a turning point for Canadian energy, despite challenging headwinds from federal government policy.    Here’s some of the good news. 10. New carbon capture and storage (CCS) projects to proceed  In June, Shell announced it …

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