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Occidental Sees Flat Spending, Output in 2027, Keeps Focus on Debt Reduction

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

(Reuters) – U.S. oil producer Occidental Petroleum said on Thursday it expects flat production and capital spending in 2027, adding that it would continue to prioritize debt-reduction efforts. Speaking on a post-earnings conference call, Chief Financial Officer Sunil Mathew said the company expects the starting point for capital spending to be $5.9 billion in 2027, …

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Saudi Crude Shipments to US Plunge to Zero as Oil Refiners Pivot

Conventional Energy, Latest, Oil, US News / By

By Nathan Risser US imports of Saudi Arabian oil dropped to zero in July, the first time that’s happened for an entire month since 1985, according to preliminary government data. Saudi oil exports have been disrupted for months as the US-Iran conflict all but shut down Persian Gulf crude flows. Last month, US-bound shipments of …

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Trump Is Aiding a Golden Age for Renewable Energy

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

By Mark Gongloff Given America’s political environment, you would be forgiven for thinking the country has slipped into a dark age of energy recidivism; burning oil, gas and coal left and right; and tossing wind and solar farms on the scrap heap. In reality, this is looking a lot like a golden age for renewable …

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Trump Refunds to Cancel Offshore Wind Projects Total $4 Billion

Energy Topics & Technology, Latest, Offshore, Renewable Energy, US News, Wind / By

By Mark Chediak and Ari Natter The Trump administration has agreed to roughly $4 billion in settlements this year to cancel planned offshore wind projects, including a $1.22 billion deal with German utility RWE AG announced Thursday, with billions more in projects still at risk. In addition to RWE, the Trump administration has reached agreements …

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SpaceX to Build Natural Gas Power Plants for Texas Chip Factory

Conventional Energy, Electricity Grid, Energy Topics & Technology, Latest, Natural Gas, US News / By

By Dana Hull SpaceX plans to build its own power plants to support the massive semiconductor manufacturing facility it’s developing in Texas with Tesla Inc. “We’re bringing our own power,” Riley Trettel, who oversees energy and data center development for SpaceX, said Wednesday during a public meeting in Grimes County, Texas. “We’re going to be …

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Trump Unveils Trade Actions to Compete with China on Solar and Chips

Latest, Renewable Energy, Solar, US News / By

Summary Tariff and price floors target supply chains dominated by China US solar manufacturers praise action as support for domestic production and investment Implementation delayed until December 4 Aug 6 (Reuters) – The White House on Thursday imposed a series of ​price floors and a 15% tariff on products made from polysilicon, the raw material …

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US Judge Orders Pentagon to Lift Wind Project Freeze

Latest, Renewable Energy, US News, Wind / By

Summary Judge enjoins Pentagon freeze on wind project reviews Pentagon cited national security interests Renewable energy groups said freeze was arbitrary and capricious, cost billions Pentagon said it does not discuss ongoing litigation (Reuters) – A U.S. judge on Thursday ​ordered the Pentagon to lift its freeze on reviewing proposed onshore wind projects, handing a …

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Oil Prices Drop as Investors Weigh Potential Hormuz Deal Between Iran, Gulf States

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

Summary Benchmarks head for weekly losses of about 9% Cargo vessels could face fees under Iran draft plan US non-farm payrolls report due on Friday (Reuters) – Oil prices edged lower on Friday as investors weighed ​signals that Gulf states and Iran were closing in on a deal to reopen the Strait of ‌Hormuz under …

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Big Oil Is Bracing for Lower Prices — and Rightly So

Conventional Energy, Latest, Oil, US News / By

By Javier Blas On Wall Street, money speaks louder than words. The way Big Oil is currently allocating dollars suggests the supermajors are, quietly, preparing for leaner times. It’s the right approach: Oil is a cyclical business, and lower prices are always around the corner. This time, they may be even closer. In many ways, …

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Constellation Energy to Sell Gas Plant to LS Power, Raises Profit Forecast

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

By Dharna Bafna Constellation to sell Texas gas plant to LS Power for $860 million Company raises 2026 profit forecast Company beats Q2 profit estimates Aug 6 (Reuters) – Power company Constellation Energy (CEG.O) said on Thursday it will ‌sell a gas plant in Texas to LS Power for $860 million, and raised its current-year …

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