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HomeUS Energy News

US Energy News

Democrats’ oil import tax would violate Biden pledge, group says
Imports

Democrats’ oil import tax would violate Biden pledge, group says

August 1, 2022 Stu Turley

Democrat’s plan to reinstate a 27-year-old fee on oil imports represents a violation of a pledge by President Joe Biden not to raise taxes on anyone making less than $400,000 per year, according to the […]

Exxon
Earnings

Exxon Second Quarter Earnings Now Stand As Company Record

August 1, 2022 Mariel Alumit

U.S. oil supermajor ExxonMobil has announced an estimated second-quarter 2022 earnings of $17.9 billion. A record quarter for the company. Second-quarter results included a favorable identified item of nearly $300 million associated with the sale […]

Chevron
Crude Oil News

Chevron, ExxonMobil continue Permian oil, gas output growth in Q2

August 1, 2022 Mariel Alumit

ExxonMobil and Chevron saw mounting oil and gas production from the US Permian Basin in Q2 2022, and outlooks continue to project double-digit growth for each in the giant West Texas and southeast New Mexico […]

U.S. petroleum
Crude Oil News

Demand Destruction Could Help America Refill Its Oil Inventories

August 1, 2022 Mariel Alumit

America’s oil inventories are hovering around multi-year lows despite releases from the SPR. Distillate fuel oil inventories, which are most closely related to the economic cycle, are at the lowest for the time of year […]

Carbon Capture

ENB #66 Matt Welch, State Director for the Conservative Texans For Energy Innovation – How we can solve the energy crisis.

July 31, 2022 Stu Turley

This is an all-encompassing talk about energy. Mat Welch, the State Director for the Conservative Texans For Energy Innovation, stopped by the ENB Podcast. It is an absolute blast talking about all forms of energy. […]

Exxon
US Energy News

Exxon Inks Deal For 20-Year LNG Supply With NextDecade

July 30, 2022 Mariel Alumit

NextDecade has signed a 20-year sale and purchase agreement with ExxonMobil for the supply of liquefied natural gas from NextDecade’s Rio Grande LNG export project in Brownsville, Texas. NextDecade signed the deal with ExxonMobil affiliate […]

US LNG exports go up to 18 LNG carriers
EIA News

EIA: U.S. LNG exports go up to 18 LNG carriers

July 30, 2022 Stu Turley

In the latest Short-Term Energy Outlook for the week between 21 July and 27 July, EIA reports 18 LNG vessels departed the United States. This is two more than the last week. Seven LNG carriers departed from […]

Wayne Christian - ENB
Opinion

Texas energy leader concerned with energy security, tax and spend climate plan

July 30, 2022 Stu Turley

News broke Wednesday that President Joe Biden and Congressional Democrats have revived tax and climate-related provisions of their Build Back Better agenda. Thursday, the U.S. Department of Commerce reported that U.S. gross domestic product (GDP) […]

Hawaii gets last shipment of coal- Expect to pay more
Coal

Hawaii gets last shipment of coal: Consumers expect to pay more for electricity

July 30, 2022 Stu Turley

HONOLULU (KHON2) — Hawaii is receiving its final shipment of coal this week, which Gov. David Ige called a huge step forward in the state’s transition to clean energy. Coal is the cheapest but dirtiest […]

Texas
US Energy News

Texas LNG Blast Starting to Eat into USA LNG Exports to Europe

July 29, 2022 Mariel Alumit

An outage at Freeport LNG in Texas since a June 8 blast is starting to eat into U.S. LNG exports to Europe, a new market note from energy and environmental geo-analytics company Kayrros has stated. […]

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