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HomeEnergyNews

EnergyNews

Texas
EnergyNews

In ESG Fight, Texas Wants an ‘Honest’ Conversation With Wall Street

January 27, 2023 Mariel Alumit

Texas Comptroller Glenn Hegar is advocating for an “intellectually honest” conversation with the world’s largest financial institutions on their environmental policies.Hegar is charged with compiling the state’s list of companies that have restrictive policies on […]

Valero
Downstream

Valero profit beats estimates on higher fuel demand, tight supplies

January 26, 2023 Mariel Alumit

Jan 26 (Reuters) – Valero Energy Corp (VLO.N) zoomed passed Wall Street estimates for quarterly profit on Thursday, wrapping up the refiner’s best year on record, boosted by higher demand for fuel and healthy refining margins […]

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 […]

U.S
EnergyNews

U.S. natgas plunges 7% to 21-month low ahead of expiration, Freeport delays

January 26, 2023 Mariel Alumit

The price drop occurred the day before the expiration of the February contract as the front-month on the New York Mercantile Exchange, when volatility often peaks because trading volumes are low. In 2022, gas prices […]

energy
EnergyNews

Kinder Morgan sees tax credits speeding up clean energy investments

January 26, 2023 Mariel Alumit

HOUSTON, Jan 25 (Reuters) – U.S. funding for clean energy projects will help energy pipeline operator Kinder Morgan (KMI.N) accelerate its investments in renewable natural gas and carbon sequestration, executives said on Wednesday. The $430 […]

crude
EnergyNews

U.S. crude stocks highest since June 2021 as fuel demand falls

January 26, 2023 Mariel Alumit

The Bryan Mound Strategic Petroleum Reserv Jan 25 (Reuters) – U.S. crude inventories rose last week as demand for fuels tapered off, and while the increase was less than expected, crude stocks reached the highest […]

Chevron
EnergyNews

Chevron sets $75 billion share buyback program, raises dividend

January 26, 2023 Mariel Alumit

The logo of Chevron is seen at the company’s office in Caracas, Venezuela April 25, 2018. REUTERS/Marco Bello Jan 25 (Reuters) – Chevron Corp (CVX.N) on Wednesday said it would triple its share buyback program to $75 […]

Qatar
EnergyNews

Qatar in talks to join TotalEnergies’ $27 bln Iraqi energy project

January 26, 2023 Mariel Alumit

​A sign with the logo of French oil and gas company TotalEnergies DUBAI/LONDON, Jan 25 (Reuters) – Qatar is in talks to acquire a stake from French company TotalEnergies’ (TTEF.PA) $27 billion cluster of energy projects in […]

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 […]

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