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HomeUS Energy News

US Energy News

LNG
Top News

Shutdown Extended of Fire-Damaged Texas LNG Export Site

June 21, 2022 Mariel Alumit

Freeport LNG expects partial operation to resume in early September at its $13.5-billion liquefied natural gas plant and export terminal in Freeport, Texas, following a June 8 gas leak-triggered fire and explosion in its piping […]

Gas Tax
Top News

White House Considers Lifting Gas Tax To Lower Prices

June 20, 2022 Mariel Alumit

Energy Secretary Jennifer Granholm has said that the White House is considering all tools to lower the price of gasoline. The Biden Administration’s main priority is increasing supply, aware that a gas tax would hurt […]

M & A

Sources: Tug Hill Explores Sale of Natural Gas Producer THQ Appalachia, Pipeline Firm XcL Midstream

June 20, 2022 Mariel Alumit

(Reuters) — The owners of THQ Appalachia I LLC are exploring a sale of the U.S. natural gas producer that could value it at more than $5 billion, including debt, sources told Reuters on Friday. Potential bidders […]

Occidental
Carbon Capture

Occidental CEO: CO2 a realistic, reliable tool to achieve net-zero

June 20, 2022 Mariel Alumit

Any relationship, whether personal or professional, is only as strong and stable as the communication between its parties. If you ask Vicki Hollub, president and CEO of Occidental Petroleum, that is especially true for the […]

Double Eagle Energy
Finance

EnCap Investments, L.P. and Double Eagle Energy Announce Formation of Double Eagle Energy Holdings IV with Over $1.7 Billion of Equity Committed

June 20, 2022 Mariel Alumit

HOUSTON & FORT WORTH, Texas–(BUSINESS WIRE)–EnCap Investments L.P.(“EnCap”) and the team behind the Double Eagle family of companies (“Double Eagle”) announced today that they have entered into a strategic partnership to form Double Eagle Energy […]

gas price
US Energy News

Average US gas price dips below $5 a gallon

June 20, 2022 Mariel Alumit

New York (CNN Business)US drivers got a slight — very slight — break on prices this weekend as the AAA average for a gallon of unleaded gas fell below the $5 mark. The average price […]

California Fuel Prices Set to Soar
Commodities

California Fuel Prices Set to Soar

June 19, 2022 Stu Turley

Gasoline and diesel prices in the Golden State may soar to fresh records in the coming weeks as one of the largest refineries on the West Coast starts maintenance. Chevron Corp. is scheduled to carry […]

A general view of the Lyondell-Basell refinery in Houston- Texas
Downstream

White House tries to blame U.S. refiners for its own overheating error

June 19, 2022 Stu Turley

The White House has sought to deflect the blame for high gasoline prices onto refiners for cutting capacity and not making enough fuel, but the real source of the price increases is the attempt to […]

gas price
Commodities

East Coast Gas Would Only Drop a Dime If Jones Act Lifted, Says JPMorgan

June 18, 2022 Stu Turley

Exxon has claimed waiving the Jones Act vessel requirements will tame prices Tools at Biden administration’s disposal are limited: analyst Waiving a century-old shipping law to let foreign-flagged vessels transport fuel between US ports — […]

West Virginia
Finance

West Virginia may boycott 6 finance firms over fossil-fuel lending stance

June 17, 2022 Mariel Alumit

Dive Brief: The West Virginia State Treasury is slated to blacklist six of the nation’s largest financial firms from accessing state contracts, in view of perceived lending discrimination against the fossil-fuel industry. State Treasurer Riley […]

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