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HomeUS Energy News

US Energy News

Unit Corporation
Exploration and Production

Unit Corporation announces completion of Texas Panhandle asset sale

December 15, 2023 Stu Turley

Oil and Gas 360 Dec 14, 2023 -TULSA, Okla. – On December 13, 2023, Unit Corporation (OTCQX: UNTC) (Company) completed the previously announced sale of certain non-core oil and gas assets in the Texas Panhandle (the […]

US weekly LNG exports
Exports

US weekly LNG exports reach 28 cargoes

December 15, 2023 Stu Turley

US liquefaction plants shipped 28 liquefied natural gas (LNG) cargoes in the week ending December 13, while natural gas deliveries to these terminals increased by 3.9 percent compared to the week before. The US EIA […]

Buffett
Big Oil Companies

Buffett Backs Occidental’s Acquisition of CrownRock by Buying More Stock

December 14, 2023 Mariel Alumit

Warren Buffett’s Berkshire Hathaway bought close to $590 million worth of Occidental Petroleum stock this week after the latter announced it would acquire Permian oil driller CrownRock. Occidental said it will buy CrownRock for cash […]

California leads the United States
EIA News

California leads the United States in electric vehicles and charging locations

December 14, 2023 Stu Turley

December 14, 2023 Data source: U.S. Energy Information Administration, State Energy Data System Note: Data are for end of year. EV=electric vehicle. California has led the United States in the number of electric vehicles (EVs) […]

Production
Crude Oil News

OPEC Production Falls While U.S. Oil Output Hits New High

December 14, 2023 Mariel Alumit

OPEC MOMR: OPEC’s crude production fell in November for the first time in months. OPEC: U.S. oil output continued to reach new highs. Venezuela and Libya, which are exempted from the OPEC+ deal, saw their […]

U.S
Finance

Wall Street has discovered what’s really driving U.S. stocks higher in 2023. The explanation isn’t as simple as one might expect.

December 14, 2023 Mariel Alumit

As the year draws to a close, stock-market professionals can recite a litany of explanations for why the U.S. market has marched higher this year. But a group of Wall Street strategists believe chalking up […]

Energy
Energy Tech

3 Rivers Energy Partners to Transform Jim Beam Distillery Byproduct into RNG and Fertilizer

December 14, 2023 Mariel Alumit

3 Rivers Energy Partners has introduced a sustainability project where its facility in Boston, Kentucky will utilize anaerobic digesters to process spent distillers grains from Beam Suntory’s adjacent Booker Noe Distillery, which produces Jim Beam, to generate […]

Crude Oil News

Shell to boost oil production from U.S. Gulf of Mexico with Great White project approval

December 14, 2023 Mariel Alumit

(WO) − Shell Offshore Inc., a subsidiary of Shell plc, announced the Final Investment Decision (FID) for a phased campaign to deliver three wells in the Great White unit designed to boost oil production at […]

Crude Oil News

Biden Plans to Buy Some Oil for the Emergency Reserve, But Not Too Much

December 14, 2023 Mariel Alumit

IER Key Takeaways 1:After draining 180 million barrels of oil to get gas prices down before the 2022 elections, President Biden is beginning to add small amounts of oil to the Strategic Petroleum Reserve. 2: […]

COP28
Climate Crisis

COP28 deal underscores U.S. offshore industry’s “pivotal role” in global energy transition

December 14, 2023 Stu Turley

World Oil (WO) – National Ocean Industries Association (NOIA) President Erik Milito issued a statement on the non-binding pact signed at the conclusion of the two-week-long COP28 climate summit in Dubai: Source: World Oil “The […]

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