NextEra, Entergy to Develop 4.5 GW of Solar, Energy Storage Projects
NextEra Energy and Entergy entered a 5-year joint development agreement to accelerate development of projects in Arkansas, Louisiana, Mississippi and Texas.
Texas Power Firm Set for Worst Week in Two Years as AI Bets Fade
Vistra shares have pulled back after quadrupling in a year Peer Constellation and power equipment firms have retreated Shares of power producer Vistra Corp. are on track for their worst week since 2022 as traders backpedaled on bets for an AI-fueled surge in electricity demand. The Texas-based firm’s shares rose more than 2% Friday while remaining on …
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Oil Paychecks Set a Record Even as Shale Industry Consolidates
Wages for US oil workers set a fresh record in April as a wave of acquisitions in the shale industry has yet to impact the labor force. Average hourly earnings for front-line oil and gas workers rose 0.5% from March to $44.67, according to a Labor Department report released Friday. Compared with a year ago, oil pay …
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Canada’s Oil Sands CEOs Speak to Ottawa, Push Back Against Trudeau’s Proposed Oil and Gas Emissions Cap
Canada’s biggest oil sands producers support a paying a tax on carbon but see a proposed federal oil and gas emissions cap as unnecessary legislation, the companies’ CEOs told lawmakers in Ottawa on Thursday. Executives from Suncor Energy, Imperial Oil, Cenovus Energy, Enbridge and Shell appeared via videolink before a House of Commons committee to answer questions on their efforts to cut …
Major World Economies Seek to Halt New Private Sector Coal Financing
Summary Proposal would restrict private finance for new coal plants Aims to increase finance to retire existing plants early OECD countries considering proposal, want deal by COP29 Backers include France, U.S., UK. Japan pushes back (Reuters) – Some of the world’s major economies want to finalise a plan ahead of this year’s U.N. climate summit …
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Saudi Arabia Set to Raise More Than $11.2 Bln from Aramco Stock Offering – WSJ
Saudi Arabia is set to raise more than $11.2 billion after pricing its offering of Aramco stock toward the lower end of the targeted range, the Wall Street Journal reported on Thursday. Saudi Aramco’s bankers have told investors it plans to price the shares at 27.25 Saudi riyals, or $7.27 each, according to the report. …
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Hunting for Growth: Petro-Hunt Digs Deeper into Delaware, Williston
Dallas-based Petro-Hunt, one of the nation’s largest private oil and gas producers, is drilling in the Permian and Williston basins—and keeping an eye out for accretive M&A.
Canada’s Oil Sands CEOs Push Back Against Proposed Oil, Gas Emissions Cap
The oil and gas sector is Canada’s highest-polluting industry, accounting for more than a quarter of all emissions.
Exclusive: ABS Moving Forward with Offshore CCUS Projects
Experts from offshore operator ABS discuss the company’s sustainability measures for marine and offshore industries and limitations with decarbonization techniques, in this Hart Energy Exclusive interview.
Golden Pass LNG Construction Turmoil to Delay Texas Plant’s Startup, Analysts Say
The startup of Golden Pass LNG, the QatarEnergy and Exxon Mobil $11 billion joint venture liquefied natural gas project in Texas, has been delayed by at least six months due to construction turmoil, analysts said on Thursday. The project at the Sabine Pass site of a former gas-import terminal that was converted to process natural …
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