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HomeEnergyNews

EnergyNews

Legislation
Energy Policy

Commentary: Rare Bipartisan Legislation Passes House, Awaits Action From Senate – Energy Workforce President Tim Tarpley

February 17, 2023 Mariel Alumit

Analysis by Energy Workforce President Tim Tarpley On January 12, H.R. 22 — legislation that would ban sales from the Department of Energy controlled Strategic Petroleum Reserve (SPR) to any entity affiliated with China — […]

EnergyNews

The Inconvenient Truth About Sustainable Investing

February 17, 2023 Mariel Alumit

Courtesy of Shutterstock Courtesy of ENERGYminute See more articles and infographics from ENERGYminute HERE The King of Climate himself, Al Gore, has quietly grown one of the largest sustainability investment funds in the world. But for […]

OPEC+
Crude Oil News

OPEC+ Deal Will Stay in Place All Year, Saudi Minister Says

February 17, 2023 Mariel Alumit

​The OPEC+ alliance plans to stick with an oil deal agreed in late 2022 for the rest of the year, Saudi Arabia’s energy minister said, reinforcing earlier signals from the group. In October, OPEC and […]

EnergyNews

Vital Energy Announces Midland Basin Acquisition

February 15, 2023 Mariel Alumit

TULSA, OK, Feb. 14, 2023 (GLOBE NEWSWIRE) — Vital Energy, Inc. (NYSE: VTLE) (“Vital” or the “Company”) today announced the signing of a definitive purchase and sale agreement to acquire the assets of Driftwood Energy […]

Earnings

COMSTOCK RESOURCES, INC. REPORTS FOURTH QUARTER 2022 FINANCIAL AND OPERATING RESULTS

February 15, 2023 Mariel Alumit

FRISCO, TX, Feb. 14, 2023 (GLOBE NEWSWIRE) — Comstock Resources, Inc. (“Comstock” or the “Company”) (NYSE: CRK) today reported financial and operating results for the quarter and year ended December 31, 2022. Highlights Generated free […]

Texas
Climate Crisis

Texas Probes Targa’s Failure to Swiftly Report Big Gas Release

February 15, 2023 Mariel Alumit

Texas is investigating why pipeline operator Targa Resources Corp. failed to report an unexpected release of tons of natural gas within 24 hours, as required by state regulations. Targa disclosed the incident two weeks after it happened and […]

Electric
Electric Vehicles

Electric Vehicle Sales Top $1 Trillion in Wake-Up Call for Carmakers

February 15, 2023 Mariel Alumit

​Global spending on electric vehicles is surging. According a new report published by BloombergNEF on investment in the energy transition, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. […]

Biden
Energy Policy

Biden Earmarks Billions for Rooftop Solar Under Climate Law

February 15, 2023 Mariel Alumit

The Biden administration laid out plans to steer $7 billion toward residential and community solar projects in disadvantaged communities, while signaling it intended to widely distribute roughly $20 billion from last year’s climate law to […]

Oil
Crude Oil News

Oil Slumps as US Stockpiles Seen Swelling and Dollar Advances

February 15, 2023 Mariel Alumit

​Oil fell as an industry estimate pointed to another major build in American inventories and the dollar gained, with investors assessing the outlook for even tighter US monetary policy to combat sticky inflation. West Texas […]

Oil
Crude Oil News

IEA Boosts Global Oil Demand Forecast as China’s Economy Reopens

February 15, 2023 Mariel Alumit

​The International Energy Agency boosted forecasts for global oil demand as China reopens its economy following years of anti-Covid lockdowns.The agency raised global demand estimates by a hefty 500,000 barrels a day for the first […]

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