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HomeUS Energy News

US Energy News

Diamondback
Big Oil Companies

Diamondback Sells $5.5B of Bonds for Endeavor Deal

April 10, 2024 Mariel Alumit

Diamondback Energy Inc. borrowed $5.5 billion in the US investment-grade market to partly help fund its $26 billion takeover of Endeavor Energy Resources LP, joining other blue-chip companies capitalizing on robust investor demand to bring […]

Bidirectional EV charging
Electric Vehicles

Bidirectional EV charging, VPP bill passes Maryland Assembly, heads to governor’s desk

April 10, 2024 Mariel Alumit

Dive Brief: The Maryland House of Delegates passed a landmark bill April 4 requiring electric utilities to expedite bidirectional EV charging system interconnections and pay customers for providing grid services through virtual power plant networks. The Distributed Renewable Integration […]

Texas
EIA News

Solar capacity additions are changing the shape of daily electricity supply in Texas

April 10, 2024 Mariel Alumit

The electricity mix of energy sources in Texas, managed by the Electric Reliability Council of Texas (ERCOT) electricity grid operator, changed noticeably in 2023. Although wind power remains the largest source of renewable power in […]

Oil prices
Crude Oil News

Oil prices settle lower again, eyes on talks for Gaza ceasefire

April 9, 2024 Mariel Alumit

HOUSTON, April 9 (Reuters) – Oil prices settled lower for a second day on Tuesday, as talks for a ceasefire in Gaza continued, but losses were limited to less than a dollar a barrel as […]

BMO
Coal

BMO drops anti-coal policy amid Wall Street rebuke of ESG

April 9, 2024 Mariel Alumit

BMO Bank quietly dropped its policy restricting lending to the coal industry in late 2023, helping it avoid being labeled an energy “boycotter” in West Virginia. The change came to light Monday after West Virginia […]

Pipeline
Climate Crisis

Pipeline company, environmental group strike unique ‘community benefits’ agreement

April 9, 2024 Mariel Alumit

LINCOLN — The developer of a carbon-dioxide pipeline and an environmental group have struck a “one-of-a-kind” agreement to ensure “community benefits” from the pipeline as well as support for the project. While similar CO2 pipeline […]

Electrical Generation / Utilities

The U.S. Urgently Needs a Bigger Grid. Here’s a Fast Solution.

April 9, 2024 Stu Turley

One of the biggest obstacles to expanding clean energy in the United States is a lack of power lines. Building new transmission lines can take a decade or more because of permitting delays and local […]

U.S.
EIA News

U.S. refiners and chemical manufacturers lead hydrogen production and consumption

April 9, 2024 Mariel Alumit

U.S. manufacturers specializing in chemicals and petroleum refining have traditionally accounted for the largest shares of both hydrogen consumption and production, and they pay the least for it. With new legislation, we expect changes to […]

virtual power plants
Electrical Generation / Utilities

‘Valuable and largely overlooked’: Interest in virtual power plants grows

April 9, 2024 Stu Turley

  Just about every week, Shawn Grant, who works for Salt Lake City-based Rocky Mountain Power, gets an inquiry from another utility looking for information about the company’s Wattsmart battery program. “We want to do […]

Oil
Crude Oil News

Oil falls on renewed push for Middle East ceasefire

April 8, 2024 Mariel Alumit

NEW YORK, April 8 (Reuters) – Oil prices fell on Monday, ending a multi-session rally after Israel reduced its troops in southern Gaza and began a fresh round of ceasefire talks with Hamas. Brent crude […]

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