U.S. natural gas futures fell about 4% on Monday on record output and forecasts for milder weather and lower heating next week than previously expected. On its first day as the front-month, gas futures for December delivery on the New York Mercantile Exchange fell 14.6 cents, or 4.2%, from where that contract traded on Friday …
U.S. natgas prices fall 4% on record output, milder weather next week Read More »
(Bloomberg) US officials plan to invest $1.3 billion in three proposed power transmission lines as extreme weather and the switch to renewable energy strain an electricity grid that will need to double in size to meet President Joe Biden’s green goals. Transmission has emerged as a major obstacle to Biden’s climate plans, which call for more solar …
U.S. to Fund Three New Power Lines to Aid Ailing Electric Grid Read More »
Spooks, vampires, zombies, apparitions … what’s not to love? By Geoffrey Cann Halloween. A gory and ghastly night of ghouls, ghosts, and goblins. And as with previous years marking All Souls, I reflect on the latest digital demons molesting the oil and gas industry, how best to exorcise them, and how to speedily return them …
The company, which has already sued the Energy and Carbon Management Commission, says it will fight this commission ruling, too Oilfield workers plug an orphaned oil and gas well on Aug. 23, 2023 in Broomfield. (Andy Colwell, Special to The Colorado Sun) Original Story Published in the Colorado Sun – See it Here K.P. Kauffman, …
(Reuters) – Electric utility Duke Energy said on Friday it would build a project to create clean energy using an end-to-end system to produce, store and combust 100% green hydrogen, in Florida. The new system, a collaboration between Duke, construction management and consulting firm Sargent and Lundy, and General Electric’s unit GE Vernova, would be …
Duke Energy to build end-to-end green hydrogen system in Florida Read More »
Exxon Mobil Corp. and Chevron Corp. spent recent days telling investors why they want to spend $114 billion combined on two megadeals. On Friday, their earnings reports revealed why they need to. Exxon’s oil production is hovering near the lowest level since its merger with Mobil Corp. more than two decades ago. Chevron disclosed headwinds …
Exxon and Chevron Megadeals Reveal Why Days of Easy Oil Are Over Read More »
GM says it won’t meet a previous goal of selling 400,000 EVs next year Bloomberg News A “UAW On Strike” sign. M said strike costs have so far reached about US$800 million. PHOTO BY EMILY ELCONIN/BLOOMBERG Article content General Motors Co. can no longer say if it will make up to US$14 billion in profit this year …
GM scraps guidance amid UAW strike, delays electric truck plant on slow EV sales Read More »
Chevron Corp. fell the most in more than a year after posting disappointing profits amid drilling problems in Texas, losses from overseas refining and rising costs at a massive oil-field project in Central Asia. Chevron plunged as much as 6.3%, putting it on track for its worst decline since September 2022. The company was among the …
Exxon, Chevron Profits Disappoint on Weak Refining, Chemical Results Read More »
Exxon Mobil Corp. sees tight global oil supplies putting upward pressure on energy prices for at least the next few years as the world continues to suffer from a lack of investment in fossil fuels. “The industry is still recovering from the impact of the pandemic, and the lower levels of capital that have been …
Exxon CEO Sees Tight Global Oil Supplies for the Next Few Years Read More »
(Reuters Breakingviews) – Exxon Mobil and Chevron are sending prodigious amounts of cash to investors, but third-quarter results show how quickly priorities can start to compete. The two companies reported somewhat similar results on Friday, with the $420 billion Exxon earning $9.1 billion, and the $279 billion Chevron making $6.5 billion. Both companies’ profit shrunk compared to the …
