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HomeUS Energy News

US Energy News

Energy Crisis

Strengthen America’s Energy Security: Unlock Appalachia’s Natural Gas

July 8, 2023 Mariel Alumit

Authored by Dave Callahan, Charlie Burd & Rob Brundrett via RealClear Wire, While not a Presidential election year, 2024 hopefuls are spending the summer promoting policy solutions to win the hearts and minds of Americans […]

dollar
Energy Transition

Multibillion-dollar Adams Fork Energy Project continues to progress, thousands of WV jobs projected

July 7, 2023 Mariel Alumit

MINGO COUNTY, WV (LOOTPRESS) – Progress toward the anticipated construction of a multi-billion-dollar clean ammonia production facility in the Mingo County area continues to be made as part of the Adams Fork Energy Clean Ammonia Project. The project […]

Warren
Big Oil Companies

Warren Buffett’s Berkshire Hathaway snaps up another $123 million in Occidental Petroleum stock, now owns 25% of the oil company

July 7, 2023 Mariel Alumit

Warren Buffett’s Berkshire Hathaway just snapped up more Occidental Petroleum shares, pushing the legendary investor’s stake in the oil company to just over 25%. Buffett’s conglomerate purchased another 2.1 million shares of Occidental in the […]

Biden
Critical Minerals

Biden admits China ‘dominating’ raw material production, promises to bring ‘full battery supply chain home’

July 7, 2023 Mariel Alumit

President Biden – while in South Carolina Thursday to make the argument that his economics measures rammed through Congress with little Republican support benefits red states – admitted that China is “dominating raw material production,” […]

Truck
Climate Crisis

Truck makers pledge to comply with new California rules phasing out gas-powered vehicles

July 7, 2023 Mariel Alumit

SACRAMENTO, Calif. (AP) — Some of the nation’s largest truck makers on Thursday pledged to stop selling new gas-powered vehicles in California by the middle of the next decade, part of an agreement with state […]

drilling
M & A

US contractor buys drilling player for $370 million — weeks after unveiling $5.4 billion merger

July 7, 2023 Mariel Alumit

Patterson-UTI buys drilling technology company just a month from announcing merger with NexTier Oilfield Solutions US oilfield services player Patterson-UTI Energy has struck a $370 million deal to acquire privately owned Ulterra Drilling Technologies from […]

American
Energy Crisis

API: BLM’s Conservation, Health Rule a “potential harm” to American energy security

July 7, 2023 Mariel Alumit

WASHINGTON, July 5, 2023 — The American Petroleum Institute (API) joined with the American Exploration and Production Council (AXPC), Montana Petroleum Association (MPA), New Mexico Oil and Gas Association (NMOGA) and Utah Petroleum Association (UPA) […]

energy
Energy Storage

Unlocking the power of renewables with energy storage

July 6, 2023 Mariel Alumit

An increase in energy storage capacity will unlock the power of renewables and, ultimately, play a key role in unlocking a successful energy transition. By pairing more renewable energy projects with energy storage, renewable energy […]

Exxon
Big Oil Companies

Exxon Flags Falling Profit Amid Low Natural Gas Prices And Refining Margins

July 6, 2023 Mariel Alumit

ExxonMobil (NYSE: XOM) expects to book sharply lower second-quarter earnings compared to the same period last year and to the first quarter, due to low natural gas prices and lower refining margins. For the first […]

Duke
Electrical Generation / Utilities

Duke Energy to sell distributed generation portfolio in $364 million deal

July 6, 2023 Mariel Alumit

(Reuters) – Utility firm Duke Energy said on Wednesday it would sell its commercial distributed generation business to private equity firm ArcLight Capital Partners in a $364 million deal. The business includes operating assets of […]

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