Pearl Backs Haynesville Mineral and Royalties Firm Wild Basin
Equity commitments from Pearl Energy Investments and others have put $75 million of backing behind Haynesville Shale minerals and royalties company Wild Basin Energy.
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Chris Wright: Natural Gas Key to Trump’s Energy Policy Goals
U.S. Energy Secretary Chris Wright aims to streamline regulatory processes for building energy projects and boost U.S. LNG exports, he said during the 2025 CERAWeek conference.
U.S. Congress Bill Aims to Prevent Funding of Invasion of Canada
By Charlie Buckley A new bill introduced to the United States House of Representatives would withhold federal funding for any American “operations to invade or seize territory from” Canada, Panama or Greenland — unless Congress agrees to it first, that is. Introduced Thursday by Rhode Island Rep. Seth Magaziner, the No Invading Allies Act would …
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More Chance of Elvis Speaking Than Energy Transition Plans Succeeding, Aramco CEO Says
(Reuters) – Policymakers and energy executives need to rethink energy transition plans and stop doubling down on elements of the transition that have failed, the CEO of state oil giant Saudi Aramco said on Monday, stressing the need for investment in fossil fuels to meet global demand. The comments from the head of the world’s …
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Soaring US Power Demand a Big Challenge, US Energy Secretary Says
(Reuters) – U.S. Energy Secretary Chris Wright said on Monday that soaring U.S. power demand growth “is a train wreck waiting to happen,” and requires big investments and regulatory changes to meet. He added, in comments to the CERAWeek conference in Houston, that the administration of President Donald Trump intends to reverse what he called …
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Chevron CEO Urges Durable, Not Extreme US Energy Policy Swings
(Reuters) – Chevron would like to see durability in U.S. energy policy rather than swings from one extreme to another, CEO Mike Wirth said on Monday. U.S. President Donald Trump’s first weeks in office during his second term have been marked by a rapid overhaul of government and the reversal of many of the energy …
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US Energy Secretary Pleased with OPEC Actions So Far
(Reuters) – U.S. Energy Secretary Chris Wright said on Monday that he was pleased with OPEC actions and had no specific requests of the Saudi Arabia-led oil producers group. He said he was happy OPEC was returning barrels to the marketplace and said that more energy was good for the globe. Wright, speaking to reporters …
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Baker Hughes Says Oil Producers Unlikely to Increase Spending This Year
(Reuters) – U.S. oil and gas producers are unlikely to increase spending this year and output increases will primarily come from improved efficiencies rather than new drilling, Baker Hughes Chief Executive Lorenzo Simonelli said on Monday. The outlook comes as U.S. President Donald Trump’s administration has repeatedly exhorted the industry to “Drill, baby, drill,” to …
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Pelican Energy Partners Acquires United Services Group
Pelican Energy Partners said it acquired United Services Group, a welding, machining and fabrication contractor that serves power generation customers, to add its expertise to the energy services industry.
Diversified, Partners to Supply Electricity to Data Centers
Diversified Energy Co., FuelCell Energy Inc. and TESIAC will create an acquisition and development company focused on delivering reliable, cost efficient net-zero power from natural gas and captured coal mine methane.