A potential solution to this problem emerged this week. The Biden administration’s $1 trillion infrastructure bill passed its first hurdle. The bill sets aside $73 billion to modernize the electric grid. Out of that amount, […]
ExxonMobil pumped 400,000 b/d of oil equivalent from the Permian Basin in Q2 021, which it aims to increase by 40,000 boe/d in Q3 through continued operating efficiencies, the company said July 30. Jack Williams, […]
New Mexico’s oil production surged to a record in May, lifting output to the second-highest in the nation and highlighting the Permian Basin’s role in leading the shale industry’s rebound from the pandemic. The southwestern […]
Source: U.S. Energy Information Administration, Monthly Energy Review Note: Click for full U.S. CO2 emissions chart. In 2020, as the country responded to the COVID-19 pandemic, CO2 emissions from energy consumption in the United States fell to the lowest level since […]
As demand for clean energy surges, would-be developers are struggling to find enough transmission lines to carry power to the people. One increasingly popular solution: retired coal plants. Much as a special-purpose acquisition company offers […]
Source: Graph created by the U.S. Energy Information Administration (EIA), based on data from Natural Gas Intelligence Note: Waha and Henry Hub prices for February 11–18, 2021, exceeded the publication range. During this cold snap in Texas, Waha […]
Eric Nuttall, partner and senior portfolio manager at Ninepoint Partners, joins BNN Bloomberg to discuss his outlook for the oil sector. He says we are in a structural bull market for oil that will conclude […]
For the first time in seven years, Halliburton Co., the biggest provider of fracking services, is expanding in both U.S. and foreign markets as spending recovers in the global energy industry. “The economy feels more […]
The Department of Homeland Security on Tuesday required owners and operators of critical pipelines that transport hazardous liquids and natural gas to implement “urgently needed protections against cyber intrusions.” It was the second security directive issued by […]
Investors will be watching for signs that the pickup in commercial activity in recent months is sufficient to support new infrastructure growth opportunities. Many of the companies in the midstream sector have been focusing on […]
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