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HomeUS Energy News

US Energy News

summer natural gas
EIA News

Our U.S. summer natural gas consumption forecast for electric power matches 2023 record

May 31, 2024 Mariel Alumit

We forecast that the natural gas consumed for electricity generation this summer in the United States will reach near the record set last year. Despite a 3% increase in overall U.S. electricity generation this summer, […]

Scott Sheffield
Exploration and Production

Pioneer’s Scott Sheffield fires back at FTC allegations following $60 billion ExxonMobil deal

May 30, 2024 Mariel Alumit

(Bloomberg) – Former Pioneer Natural Resources Co. Chief Executive Officer Scott Sheffield says federal regulators mischaracterized facts and wrongly vilified him in saying he tried to collude with OPEC to prop up crude prices, Fig. 1. […]

solar
Energy Policy

Massachusetts to recharge solar programs for low-income residents with $156M federal grant

May 30, 2024 Mariel Alumit

  A $156 million federal grant is expected to fund a transformative investment in residential solar for low-income households in Massachusetts, advocates and officials say. The U.S. Environmental Protection Agency’s Solar for All program awarded […]

White House
Energy Policy

White House to support new nuclear power plants in the U.S.

May 29, 2024 Mariel Alumit

The White House on Wednesday plans to announce new measures to support the development of new U.S. nuclear power plants, a large potential source of carbon-free electricity the government says is needed to combat climate […]

America
AI

How Big Tech Helped Bring on America’s New Energy Crisis

May 29, 2024 Mariel Alumit

America produces more energy than any other country in the world, has more energy reserves than any other country, and pioneered clean, inexpensive, and virtually unlimited nuclear energy. So why does even the Washington Post […]

Virginia
AI

Virginia Explained: Data center expansion, with all its challenges and benefits

May 29, 2024 Mariel Alumit

Humanity is almost a quarter of the way through the 21st century and Virginia — home to 70% of the world’s data centers — is on the frontlines of the latest emerging technology: artificial intelligence, […]

ConocoPhillips
Crude Oil News

ConocoPhillips to buy Marathon Oil in $17 billion all-stock deal that bolsters shale assets

May 29, 2024 Stu Turley

The acquisition of Marathon Oil will extend ConocoPhillips’ reach across shale fields in Texas, New Mexico and North Dakota, adding 2 billion barrels of resources to its portfolio. ConocoPhillips expects share buybacks worth $7 billion […]

Ørsted
Offshore

Ørsted settles cancellation of two New Jersey offshore wind projects for $125m

May 29, 2024 Mariel Alumit

New Jersey Governor Phil Murphy has announced that a settlement was reached between state agencies and Danish offshore wind developer Ørsted over two cancelled offshore wind projects in the state. Ørsted said last October that […]

Golar LNG’s Macaw
Exports

Golar LNG’s Macaw to deploy first small liquefaction unit in Texas

May 29, 2024 Mariel Alumit

Golar LNG’s unit Macaw Energies will deploy its first small-scale liquefaction unit next month at a flare gas site in Texas for live testing and commercial use, according to Golar LNG’s CEO Karl Staubo. Golar […]

OPEC+
Crude Oil News

Oil up on OPEC+ meeting, summer driving season and weaker US dollar

May 28, 2024 Mariel Alumit

NEW YORK, May 28 (Reuters) – Oil prices gained more than $1 a barrel on Tuesday on the expectation that OPEC+ will maintain crude supply curbs at its June 2 meeting, while the start of […]

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