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HomeUS Energy News

US Energy News

Chevron
Big Oil Companies

Chevron Reports Record Profits, $75 Billion Buyback; White House Fumes

January 27, 2023 Mariel Alumit

Chevron (CVX) posted mixed fourth-quarter results early Friday, missing on earnings views while topping revenue estimates. The energy giant reported record profits and cash flow for 2022, on top of its earlier announcement launching a massive […]

Big Oil Companies

Big Oil Faces Headwinds After Record $199 Billion Profit Haul

January 26, 2023 Mariel Alumit

Exxon Mobil Corp., Chevron Corp., Shell Plc, TotalEnergies SE and BP Plc reaped almost $200 billion collectively last year but fears of an economic slowdown, plunging natural gas prices, cost inflation and uncertainty over China’s […]

solar
Energy Regulations

Virginia county struggles to streamline difficult solar permitting process

January 26, 2023 Mariel Alumit

​Eric Ohnstad’s quest for rooftop solar became such a convoluted odyssey that the 54-year-old Prince William County resident figured he would be retired or ready to relocate by the time his array powered up. And […]

Coal
Climate Crisis

Coal ash crackdown continues as EPA denies extensions for six power plants

January 26, 2023 Mariel Alumit

​The U.S. EPA on Wednesday denied six coal plants’ requests to keep dumping toxic ash into unlined or inadequately lined pits, signaling the agency’s commitment to enforce the 2015 federal coal ash rules that had […]

Build
Crude Oil News

WTI Rebounds On Small Crude Build; Cushing Stocks Soar Most Since April 2020

January 25, 2023 Mariel Alumit

Oil prices drifted sideways to modestly lower overnight after the notable builds reported by API, as mixed company earnings and weaker business activity spurred concerns about the US economy While there’s expectation that China’s oil […]

Electric Vehicles

Tesla Invests $3.6 Billion in Nevada Battery, Truck Capacity

January 25, 2023 Mariel Alumit

Tesla Inc. is investing $3.6 billion in two new factories to build electric vehicle batteries and its all-electric Semi heavy-duty truck near an existing production site in Reno, Nevada.The new battery facility will make Tesla’s […]

forecasts
EnergyNews

U.S. natgas futures drop 5% to 19-month low on less cold forecasts

January 25, 2023 Mariel Alumit

That price drop came despite bullish forecasts calling for more gas demand this week than previously expected and a drop in output over the past couple of days as cold weather freezes wells in some […]

crude
Crude Oil News

U.S. crude oil production will increase to new records in 2023 and 2024

January 25, 2023 Mariel Alumit

January 25, 2023 Data source: U.S. Energy Information Administration, Short-Term Energy Outlook, January 2023 In our January 2023 Short-Term Energy Outlook, we forecast that crude oil production in the United States will average 12.4 million […]

Exxon
EnergyNews

Exxon halts routine gas flaring in the Permian, wants others to follow

January 25, 2023 Mariel Alumit

The largest U.S. oil producer is battling lawsuits that accuse it and other oil companies of contributing to global warming and rising sea levels. At the same time, it has moved to cut its own […]

EnergyNews

U.S. Oil and Gas M and A Hit 17-Year Low; Big Firms Dominate Deals

January 25, 2023 Mariel Alumit

U.S. oil and gas deal-making declined by 13% last year to $58 billion compared to 2021, according to energy technology firm Enverus, with the volume of activity hitting its lowest level since 2005 as buyers […]

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