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HomeUS Energy News

US Energy News

Willow project
Big Oil Companies

ConocoPhillps’ Willow project to reach first production in “four more winters;” expects modest Permian growth

March 20, 2024 Mariel Alumit

(WO) – During CERAWeek by S&P Global’s second day, ConocoPhillips’ CEO Ryan Lance announced that his firm’s highly-anticipated Willow project in Alaska is making developmental headway. Sitting down with S&P Global’s Dan Yergin, Lance also discussed […]

ESG funds
ESG

70% of Passive ESG Funds Are Exposed to New Oil and Gas Projects

March 20, 2024 Mariel Alumit

A total of 70% of passive funds passed off as “sustainable” by five of the largest asset managers in the U.S. and Europe are exposed to companies developing new oil and gas projects, environmental organization […]

India
Crude Oil News

India Buys More U.S. Oil

March 20, 2024 Mariel Alumit

India is set to import in April its highest oil volumes from the United States in 11 months as the stricter enforcement of the U.S. sanctions against Russia are slowing Russian crude flows to the […]

Texas
Crude Oil News

Texas pulls $8.5B from BlackRock in stunning blow to ESG movement

March 19, 2024 Mariel Alumit

FIRST ON FOX: The State of Texas is terminating a massive $8.5 billion investment with trillion-dollar asset manager BlackRock over the state’s determination that the firm is engaged in a boycott of energy companies. In an announcement first […]

Oil
Crude Oil News

Oil rises to multi-month highs on Russian supply concerns

March 19, 2024 Mariel Alumit

NEW YORK, March 19 (Reuters) – Oil prices rose to multi-month highs for the second straight session on Tuesday as traders assessed how Ukraine’s recent attacks on Russian refineries would affect global petroleum supplies. U.S. […]

Biden
Coal

Biden officials mull quicker death for US coal power plants

March 19, 2024 Mariel Alumit

U.S. coal-fired power plants could be forced to shut down two years sooner than envisioned under a Biden administration plan to stifle pollution from the electricity sector. The potential change being seriously considered now by […]

capacity
Coal

Up to 58 GW faces retirement in PJM by 2030 without replacement capacity in sight: market monitor

March 19, 2024 Mariel Alumit

About 24 GW to 58 GW of thermal resources — or 12% to 30% of the PJM Interconnection’s installed capacity — are at risk of retiring by 2030 without a clear source of replacement generation, […]

farmers
Agriculture

Biden’s LNG export embargo hurts farmers too

March 19, 2024 Mariel Alumit

LEBANON, Pennsylvania — You may not be aware that there’s a symmetry in Pennsylvania between farmers and the natural gas industry. But just walk into the Keystone Pork, Poultry Progress and Mid-Atlantic Manure Summit here at the expo center in […]

Granholm
ESG

US clean energy transition ‘undeniable,’ Granholm tells CERAWeek

March 19, 2024 Mariel Alumit

The US is undergoing an “undeniable” shift toward cleaner sources of energy despite an equally indisputable need to secure fossil fuel supplies for the foreseeable future, US Energy Secretary Jennifer Granholm said March 18 at […]

Gunvor
LNG

Texas LNG inks 20-year LNG offtake deal with Gunvor

March 19, 2024 Mariel Alumit

Texas LNG, a four million tonnes per annum (MTPA) liquefied natural gas (LNG) export terminal to be constructed in the Port of Brownsville, Texas, and a subsidiary of Glenfarne Energy Transition, has signed a heads […]

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