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HomeUS Energy News

US Energy News

South Korea
Exports

South Korea was top destination for US LNG cargoes in June

August 26, 2024 Mariel Alumit

The DOE report shows that US terminals shipped 40.8 Bcf of LNG to South Korea in June, 34.9 Bcf to the Netherlands, 28.8 Bcf to India, 27.9 Bcf to Japan, and 20.8 Bcf to China. […]

gas
Electrical Generation / Utilities

Former critics start to coalesce around Duke Energy’s plans for more gas, solar in N.C.

August 26, 2024 Mariel Alumit

  An array of critics came out swinging in January when Duke Energy first filed its plans in North Carolina for one of the largest fossil fuel investments in the country. But as the months […]

Electric Vehicles

State Rankings: Electric Vehicles per Capita in the United States

August 25, 2024 Stu Turley

California leads the nation in electric vehicle adoption, with over 1.1 million EVs and the highest per capita ownership. Washington, Hawaii, and Oregon follow California as EV adoption hotspots, while Mississippi and North Dakota lag […]

Crude Oil News

Oil tycoon Emmanuel Fritz Paret acquires 150 wells, 140 million barrels of oil in Kentucky reserve deal

August 24, 2024 Stu Turley

(WO) — Haitian-American oil tycoon Emmanuel Fritz Paret, CEO of Paret Mining LLC, has acquired a 10,000-acre oil reserve in Bowling Green, Kentucky. The acquisition includes 150 wells and an estimated 140 million barrels of […]

US LNG Exports
Exports

US weekly LNG exports climb to 26 shipments

August 23, 2024 Mariel Alumit

The agency said in its weekly report, citing shipping data provided by Bloomberg Finance, the total capacity of these 26 LNG vessels is 99 Bcf. This compares to 20 shipments and 74 Bcf in the week ending […]

Tellurian
LNG

Tellurian moving forward with Driftwood LNG work

August 23, 2024 Mariel Alumit

Tellurian issued a limited notice to proceed (LNTP) to compatriot engineering and construction giant Bechtel in March 2022. Under the first phase, Tellurian plans to build two LNG plants near Lake Charles with an export capacity of […]

refinery outages
Diesel

Midwest refinery outages increase regional gasoline prices

August 23, 2024 Mariel Alumit

A series of refinery outages in Chicago and Ohio have generally increased Midwest prices for petroleum products relative to the U.S. average, particularly gasoline. The outages reflect an unusual decline in refining activity near the […]

Illinois
Energy Storage

Study suggests a big role for grid battery storage as Illinois shutters its coal power plants

August 23, 2024 Mariel Alumit

  A major expansion of battery storage may be the most economical and environmentally beneficial way for Illinois to maintain grid reliability as it phases out fossil fuel generation, a new study finds. The analysis […]

Minnesota
Electrical Generation / Utilities

In Minnesota, Xcel Energy looks to mimic power plant with solar and storage networks

August 23, 2024 Stu Turley

Xcel Energy is proposing a new approach to powering the grid in Minnesota. The utility recently told state regulators it wants to build a network of solar-powered energy storage hubs, located strategically on its grid […]

Ford
Electric Vehicles

Ford’s $5 Billion EV Loss Sparks Strategic Shift Towards Hybrids

August 22, 2024 Mariel Alumit

Ford cancels its planned electric SUV and delays its electric pickup truck launch due to pricing pressures and increased competition. The company will take $1.9 billion in charges and write-downs as a result of the […]

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