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HomeUS Energy News

US Energy News

Crude Oil News

Petroleum stocks at Northeast power plants have not changed much in recent years

December 20, 2020 Stu Turley

In much of the United States, power plants that burn petroleum liquids are generally operated for short periods during times of peak electricity demand, such as during brief periods of cold winter weather. These plants […]

Airplane Supermax -EnergyNewsBeat.com
Commodities

Don’t Count Out The U.S. Oil & Gas Industry Just Yet – This is a great thing!

December 14, 2020 Stu Turley

“On one hand, the energy transition is real and here to stay. On the other hand, there are 280 million cars on the road in the U.S. today, 279 million of them running on oil, […]

Montauk Renewables -energynewsbeat
Finance

Renewable energy firm Montauk Renewables files for a $20 million IPO

December 13, 2020 Stu Turley

Montauk Renewables, which produces and sells renewable natural gas and electricity, filed on Friday with the SEC to raise up to $20 million in an initial public offering. Montauk Renewables is a renewable energy company specializing […]

offshore
Renewables Not Sustainable

U.S. Defense Bill Affirms Key Federal Law Also Applies to Offshore Wind

December 13, 2020 Stu Turley

The U.S. Senate today overwhelmingly passed the National Defense Authorization Act for fiscal year 2021, a wide-ranging $740 billion defense bill that sets policy for the U.S. military. Among its many provisions, the bill included an important […]

Downstream

Sixty-one new COVID-19 cases were reported at Beaver County’s cracker plant this week, bringing the total number since March to 335

December 12, 2020 Stu Turley

BEAVER COUNTY TIMES: 12 Dec 2020 POTTER TWP. — Coronavirus cases continue to grow at Shell Chemicals’ ethane cracker plant site as COVID-19’s third wave hammers the region. Sixty-one new virus cases were reported at […]

Coal

Biden’s impact on coal market remains unclear: Speakers

December 12, 2020 Stu Turley

Energy News Beat Publishers Note: Resetting the “Social Cost of Carbon” will have a dramatic and almost biblical impact to the financial system.  The potential impact of president-elect Joe Biden’s presidency on the US coal […]

Parsley Energy -EnergyNewsBeat.com
Exploration and Production

Parsley Energy announces hundreds of layoffs, closure of Austin offices

December 11, 2020 Stu Turley

Parsley Energy Inc. will lay off most of its Austin, Texas workforce as part of its sale to Pioneer Natural Resources Co., according to a notice to the Texas Workforce Commission posted on Dec. 11. Pioneer […]

Terra Energy Partners -EneryNewsBeat.com
Bankruptcy

Terra Energy Partners to Acquire Ursa Piceance Basin Assets for $60 Million

December 11, 2020 Stu Turley

Terra Energy Partners LLC has agreed to purchase assets from bankrupt Ursa Piceance Holdings LLC and various subsidiaries for $60 million, according to bankruptcy documents. A federal bankruptcy judge in Delaware approved the sale in […]

lowest level since May 2016
Crude Oil News

U.S. petroleum refining capacity falls to its lowest level since May 2016

December 11, 2020 Stu Turley

As of September 1 (the latest data available), the United States had 18.4 million barrels per calendar day (b/cd) of petroleum refining capacity, also known as operable atmospheric crude oil distillation capacity. U.S. refining capacity had reached a […]

Engridges line 3 replacement - energynewsbeat
Pipeline

Enbridge Line 3 Replacement Project Receives Federal Permits

November 24, 2020 Stu Turley

 Today the US Army Corps of Engineers announced approvals of federal permits for Enbridge’s Line 3 project, including the Section 404, Section 10 and Section 408 permits. “We have now received all federal permits required […]

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