Chevron Won’t Cut Oil & Gas Business For Renewables
Unlike European supermajors, U.S. Chevron doesn’t have any plans to reduce its oil and gas business to invest in solar or wind power, chief financial officer Pierre Breber said at Continue Reading
Oil And Gas Companies Set For Record Free Cash Flow This Summer
With oil trading above $70 per barrel while investment activity remains low, the world’s publicly traded exploration and production (E&P) companies are set to generate record-breaking free cash flows (FCF) Continue Reading
New Mexico Oil Output Recovers To Pre-Pandemic Levels
New Mexico has become the first major oil-producing state to see its production rate rebound to pre-pandemic levels, but according to legislative analysts cited by the AP, the situation remains Continue Reading
White House seeks to tap SPR to pay for part of infrastructure deal
Highlights Deal include $7.5 billion for EV charging stations SPR could raise $45 billion if drained at current price Selling crude oil from the US Strategic Petroleum Reserve would be Continue Reading
Weekly US coal production totals 12.2 million st, up 28.7% on year: EIA
Weekly US coal production was an estimated 12.2 million st in the week ended June 19, down 2.1% from the previous week and up 28.7% from the year-ago week, Energy Continue Reading
California approves clean energy proposal to help respond to extreme weather
California regulators approved on Thursday a proposal that will require utilities to buy more clean power, a measure backed by environmental groups. Under the proposal, utilities will have to buy Continue Reading
Bipartisan Infrastructure Deal Omits Big Climate Measures
A deal reached Thursday between President Biden and a bipartisan group of senators for $579 billion in new spending to repair the nation’s roads, rails and bridges does relatively little Continue Reading
US oil, gas rig count jumps 10 to 577, amid more signs of oil demand recovery
Oil rigs, horizontal oil rigs up 16 each to 448/335 Bakken Shale gains four rigs, for total of 23 Upstream optimism may be greater than forecast The US oil and Continue Reading
Texas power grid faces summer having changed little from February freeze
Texas’s grid operator frightened residents last week when it said it had very little reserves to cover demand spiking as temperatures soared. This summer could produce more scary times. In Continue Reading
Nearly all COVID deaths in US are now among unvaccinated
Nearly all COVID-19 deaths in the U.S. now are in people who weren’t vaccinated, a staggering demonstration of how effective the shots have been and an indication that deaths per Continue Reading