Civitas Adds Former EOG Exec Lloyd Helms to Board
In conjunction with its recent $300 million Midland Basin bolt-on, Civitas Resources has increased its board to 10 directors.
BP Cuts Renewable Investment, Boosts Oil and Gas in Strategy Shift
BP aims to grow oil and gas production to between 2.3 MMboe/d and 2.5 MMboe/d in 2030.
Canada’s Cancelled Oil Pipeline Projects
CALGARY, Feb 26 (Reuters) – The Canadian energy sector has proposed several major oil pipeline projects in the last decade, but only the Trans Mountain expansion project was completed. Here, a look at three other pipelines that never came to be: Energy East – A proposed C$15.7-billion project (US$11.0 billion), Energy East would have carried …
Trump’s Minerals Deal May Play in Ukraine’s Favor Long-Term
By Pierre Briancon BERLIN, Feb 26 (Reuters Breakingviews) – The minerals deal that U.S. President Donald Trump could soon sign with Ukraine may not be the colonial-style asset grab it appears to be. President Volodymyr Zelenskiy can still turn it to his country’s long-term advantage. Giving Washington a piece of Ukraine’s critical minerals and other …
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First Solar Continues to Ride Growth Streak Fueled by Incentives, Demand
First Solar ended 2024 with a contracted backlog of 68.5 gigawatts valued at $20.5 billion, having sold a record 14.1 GW of modules.
Oil Trade Group Pushes US for National Ethanol Policy After EPA Okays Midwest Expansion
By Stephanie Kelly and Jarrett Renshaw NEW YORK, Feb 24 (Reuters) – The American Petroleum Institute trade group on Monday pressed for a nationwide policy on higher-ethanol blends of gasoline after the President Donald Trump’s administration said on Friday it would move ahead with expanded sales of the product in certain Midwestern states. The U.S. …
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Repsol Cuts Green Hydrogen Target by as Much as 63%
MADRID, Feb 20 (Reuters) – Spanish energy company Repsol (REP.MC) cut its 2030 target for green hydrogen production by up to 63%, Chief Executive Josu Jon Imaz said on Thursday, highlighting the challenges of a high-cost industry heavily reliant on subsidies. Repsol now expects to achieve between 0.7 gigawatts (GW) and 1.2 GW of electrolyser …
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Trump’s EPA Plots Single Strike Against US Climate Change Rules
Environmental chief urges rewrite of 2009 climate finding Measure provides legal foundation for array of climate rules President Donald Trump’s top environmental regulator is recommending the US government scrap its formal conclusion that greenhouse gases endanger the public, a move that would sweep away the legal foundation for regulations limiting planet-warming pollution from power plants, automobiles and …
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Winter Finally Gives US Natural Gas Room to Run
Weeks of colder-than-expected temperatures are boosting domestic prices for the fuel. Welcome to our guide to the energy and commodities powering the economy. Today, reporter Elizabeth Elkin explores the recent weather-driven rally for US natural gas. Old Man Winter has finally yanked the US natural gas market from the ditch. Record cold has been stoking demand …
Diamondback Looks to Partner on Gas-Fired Power Plant in Permian
Shale producer sees plant providing power to data centers Company also plans to use power for its field operations Diamondback Energy Inc. is in talks to form a power joint venture that would solve some of the shale giant’s own needs in the Permian Basin while also selling electricity to artificial intelligence data centers in West …
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