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Oil and Gas News
Lawsuit claims that delayed elections for Georgia utility regulator are unconstitutional
Two groups on Wednesday sued to overturn a law extending the elected terms of Georgia's public service commissioners, saying it violates the state constitution for the five Republicans to be allowed to serve terms longer than six years.
America faces a power disconnection crisis amid dangerous heat: In 27 states, utilities can shut off electricity for nonpayment even in a heat wave
Coast to coast, millions of Americans are experiencing sweltering temperatures this summer, with seemingly little relief in sight. For people who struggle to access or afford air conditioning, the rising need for cooling is a growing crisis.
More Than 700,000 People Getting $150 Million in Energy Rebates
While about 750,000 people or families will earn $200 each in September, the state will be voting on what to do with the Climate Commitment Act two months later. The vote could see the rebates repealed for future years.
Duke Energy cuts Florida rate hike request by hundreds of millions
Duke Energy more than halved the increase its seeking to customers’ base rates under a milestone agreement with energy consumer advocates, dramatically reducing the proposed hikes to the electricity bills of nearly 2 million Floridians.
Peak Energy secures $55 million Series A funding to manufacture sodium-ion batteries
The company plans to deliver its first systems in 2025 and open a full-scale production facility in 2027.
1 million gallons of ash wastewater spilled at northern Minnesota coal plant
In a statement, the utility said the leak occurred from an underground pipeline that transfers the wastewater from an inactive coal combustion residual pond to the plant for process water.
Utah developer rPlus secures $1B in financing for 400 MW/1600 MWh solar-plus-storage project
Salt Lake City-based renewable energy developer rPlus Energies says it has secured over $1 billion in financing for the 800 MW Green River Energy Center (GREC) in Emery County, Utah, one of the largest solar-plus-storage projects in the country.
Santa Barbara Supervisors Discuss Ways to Keep Fire at Bay
During the update, SoCal Edison’s wildfire planner Bob Steins said the utility has installed covered conductors, a change from bare wires, in 5,700 miles of its territory, 100 of them in Santa Barbara County. As for shutoffs, last year one or two were considered, but were avoided, he said.
Transforming the energy industry through disruptive innovation
The rapid evolution of energy infrastructure and systems creates a rare opportunity to reimagine and create the clean energy future we want, says chief innovation officer at Schneider Electric, Nadège Petit.
Two groups on Wednesday sued to overturn a law extending the elected terms of Georgia's public service commissioners, saying it violates the state constitution for the five Republicans to be allowed to serve terms longer than six years.
America faces a power disconnection crisis amid dangerous heat: In 27 states, utilities can shut off electricity for nonpayment even in a heat wave
Coast to coast, millions of Americans are experiencing sweltering temperatures this summer, with seemingly little relief in sight. For people who struggle to access or afford air conditioning, the rising need for cooling is a growing crisis.
More Than 700,000 People Getting $150 Million in Energy Rebates
While about 750,000 people or families will earn $200 each in September, the state will be voting on what to do with the Climate Commitment Act two months later. The vote could see the rebates repealed for future years.
Duke Energy cuts Florida rate hike request by hundreds of millions
Duke Energy more than halved the increase its seeking to customers’ base rates under a milestone agreement with energy consumer advocates, dramatically reducing the proposed hikes to the electricity bills of nearly 2 million Floridians.
Peak Energy secures $55 million Series A funding to manufacture sodium-ion batteries
The company plans to deliver its first systems in 2025 and open a full-scale production facility in 2027.
1 million gallons of ash wastewater spilled at northern Minnesota coal plant
In a statement, the utility said the leak occurred from an underground pipeline that transfers the wastewater from an inactive coal combustion residual pond to the plant for process water.
Utah developer rPlus secures $1B in financing for 400 MW/1600 MWh solar-plus-storage project
Salt Lake City-based renewable energy developer rPlus Energies says it has secured over $1 billion in financing for the 800 MW Green River Energy Center (GREC) in Emery County, Utah, one of the largest solar-plus-storage projects in the country.
Santa Barbara Supervisors Discuss Ways to Keep Fire at Bay
During the update, SoCal Edison’s wildfire planner Bob Steins said the utility has installed covered conductors, a change from bare wires, in 5,700 miles of its territory, 100 of them in Santa Barbara County. As for shutoffs, last year one or two were considered, but were avoided, he said.
Transforming the energy industry through disruptive innovation
The rapid evolution of energy infrastructure and systems creates a rare opportunity to reimagine and create the clean energy future we want, says chief innovation officer at Schneider Electric, Nadège Petit.
The federal judge who approved the controversial Willow oil project last year tossed a separate Alaska offshore drilling project in a decision Tuesday night.
Oil prices rise as U.S. crude inventories post a third straight weekly fall
Oil futures ended higher on Wednesday, tallying their first gain in four sessions, after official U.S. data revealed a third weekly drop in a row for commercial crude inventories.
2 reasons why oil will remain between $80 and $90 per barrel
He explains this range with two key points: first, prices are unlikely to fall below $80 because "OPEC is very determined" to keep this threshold; second, prices are unlikely to exceed $90 because "when prices are high, there is an incentive for OPEC+ members to not be compliant" with agreed-upon production cuts.
TotalEnergies agrees deal to sell its Nigeria onshore oil assets to Chappal Energies for $860 million
The deal, set to be finalized by December 31, 2024, represents TotalEnergies’ strategic move to divest from Nigeria’s onshore segment in favour of a more secure offshore environment.
Why is the US Oil Industry Booming?
MIDLAND, Texas: For all of the focus on an energy transition, the U.S. oil industry is booming, extracting more crude than ever from the shale rock that runs beneath the ground in West Texas
Trump Vows to Boost U.S. Oil Production if Elected President
Donald Trump has pledged to ramp up U.S. domestic oil production and undo some regulations to make that happen, the Republican presidential candidate told Bloomberg Businessweek in an exclusive interview published on Wednesday.
Exxon outlines up to 30-well drilling program for Guyana's Hammerhead project
Exxon Mobil (NYSE:XOM) unveiled plans Tuesday for a potential 30-well drilling campaign at its seventh oil and gas project offshore Guyana in the Stabroek Block.
Difference Between Upstream & Downstream Oil Companies in India
India's rapid economic growth has fueled an insatiable demand for oil and petroleum products as the world's third largest oil consumer on the side of the US and China. India's energy needs are met through a combination of domestic production and imports. This article analyses the crucial role played by upstream and downstream oil companies in satisfying India's oil appetite today and powering future growth.
Kuwait strikes oil bonanza with 3.2 billion barrel discovery
The powerful Kuwait Petroleum Corporation (KPC) has announced the discovery of a "gigantic" oil reserve. The potential of this new extraction site is estimated at 3.2 billion barrels.
Egypt to Invest $1.2 Billion in Oil Sector
Egypt intends to boost its oil production capacity via a significant investment in the field. The government in the northern African country expects to invest $1.2 billion in this program. Egypt stands as one of Africa’s largest oil producers with a production capacity of around round 559,000 barrels per day.