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HomeUS Energy News

US Energy News

Electric Vehicles

Tesla Dumps 4% After Beating Earnings, Missing On Revenue And Margin

October 19, 2022 Mariel Alumit

As previewed earlier, analysts are expecting Tesla to post earnings of $1 per share, down from $1.06 per share, and $22.1 billion in revenue, down from $22.7 billion. “Analysts are penciling in an operating profit […]

Transocean
Crude Oil News

Transocean Adds $1.6B Of Work To Its Backlog

October 19, 2022 Mariel Alumit

Offshore drilling contractor Transocean has seen its total backlog reach $7.3 billion after adding approximately $1.6 billion of new fixtures to it. The company has issued an update in its Fleet Status Report, showing more […]

PERI
Renewables Not Sustainable

PERI Solutions Accelerates Development of Smithland Hydroelectric Power Plant

October 18, 2022 Mariel Alumit

Continuous Engineering Support Drive Efficiency in Kentucky Located along the Ohio River 62 miles upstream from the confluence with the Mississippi River, the Smithland Hydroelectric Power Plant is a run-of-the-river hydroelectric power plant that provides […]

bp
M & A

bp accelerates and expands in bioenergy, agreeing to buy leading US biogas company Archaea Energy

October 17, 2022 Mariel Alumit

ccelerates bioenergy growth Acquisition of a leading US renewable natural gas (RNG) producer will accelerate growth of bp’s strategic bioenergy transition growth engine Operates 50 RNG and landfill gas-to-energy facilities across US, with development pipeline […]

Permian
EIA News

U.S. Permian oil production forecast to hit record in November -EIA

October 17, 2022 Mariel Alumit

Oil output in the Permian in Texas and New Mexico, the biggest U.S. shale oil basin, is forecast to rise by about 50,000 barrels per day (bpd) to a record 5.453 million bpd in November, […]

oil and gas
Energy Policy

Daily on Energy: With midterms looming, White House adviser touts oil and gas lease sales

October 17, 2022 Mariel Alumit

BERNSTEIN TOUTS OIL AND GAS LEASE SALES: The White House is using new oil and gas leasing mandates in Democrats’ Inflation Reduction Act to shield President Joe Biden and the party from accusations that their energy policy is […]

Michael Cembalest
Finance

J.P. Morgan’s Michael Cembalest Details The Elephants In The Energy Room

October 17, 2022 Mariel Alumit

Every year for the last 12 years, Michael Cembalest, the Chief Investment Officer at J.P. Morgan asset management, has published a report on the state of the global energy space. It is a comprehensive assessment […]

US
Crude Oil News

Drilling jumps in US, Texas while Permian stays flat

October 17, 2022 Mariel Alumit

After remaining relatively flat in recent weeks, the US rig count took a sharp jump in mid-October, posting its fourth gain in the last five weeks. In the weekly rig count it has released since […]

Keystone
Energy Crisis

U.S. Lawmakers Urge Case for Keystone XL as OPEC Makes Major Production Cut

October 16, 2022 Stu Turley

As President Joe Biden takes in the latest rejection by OPEC countries to increase production to help ease American pump prices, U.S. lawmakers are again condemning his cancellation of the Keystone XL Pipeline from Alberta.  On […]

Global Wind Turbine
ENB Pub Note

Is Wind Energy Becoming Too Expensive?

October 16, 2022 Stu Turley

ENB Pub Note: Great article by Felicity Bradstock. Renewable energy also needs to calculate the Grid Factor of Physics. Almost double the additional kWh are required to offset renewables’ intermittent electrical deliverable capabilities. It does […]

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