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Oil&Gas Drilling
U.S. Rig Count Plunges Again
The number of operating U.S. oil and gas rigs plunged again this week in its twelfth week of losses, according to Baker Hughes.
Policy & Regulation
IRS Grants Wind and Solar Sectors Critical COVID-19 Reprieves
The U.S. Internal Revenue Service has granted a one-year extension of the continuity safe harbor, providing much-needed relief for many wind developers, which, …
New BP America President and Chairman Named
London-based BP PLC, which has its U.S. headquarters in Houston, announced May 28 that David C. Lawler will be the next chairman and president of BP America Inc…
Crude Oil
Oil Drops on Worse than Feared Rise in U.S. Fuel Stocks
Oil prices fell in early trade on Thursday after U.S. crude, gasoline and heating oil inventories all rose more than expected, dousing hopes of a smooth recover…
Biobattery
EPA Approves RFS Fuel Pathway for Biomass Gasification Project
The U.S. EPA in May approved a fuel pathway under the Renewable Fuel Standard for a biomass gasification plant under development in McFarland, California, that …
Oil & Gas Trade
Which Oil Major Is Best Prepared For The Future?
European oil supermajors are slashing costs but sparing their renewable energy business. U.S. giants are cutting across the board and focusing on their core bus…
Wind Power Project
Southern Power Acquires West Virginia Wind Facility
Southern Power, a U.S. wholesale energy provider and a subsidiary of Southern Company, has acquired its 13th wind project – the 56 MW Beech Ridge II Wind Facil…
Geothermal Power Plant
U.S. Energy Commission Gives Geothermal Projects a Shot in the Arm
The CEC has awarded almost $10 million in grants for three projects related to this renewable power.
Energy Storage Battery
PG&E Seeks Approval for 1.7GWh of New Battery Storage for U.S. Grid
In a filing with the California Public Utilities Commission (CPUC), PG&E detailed the five projects, intended to further integrate the state’s renewable genera…
Oil Field
U.S. Energy Giant ExxonMobil Puts Stake In Azerbaijani Oil Field Up For Sale
ExxonMobil has again put its stake in Azerbaijan’s largest oil field up for sale despite a historic decline in oil prices linked to a decline in consumption du…
Oil & Gas Trade
United States bump LNG exports in March
The United States increased the liquefied natural gas (LNG) exports in March with European countries remaining the top customers.
Oil Shale
U.S. Oil Output from Major Shale to Drop in June to Nearly Two-Year Low
U.S. crude production from seven major shale formations is expected to fall by a record 197,000 barrels per day in June to 7.822 million bpd, the U.S. Energy In…
Solar Power Plant
Trump Admin Slaps Solar, Wind Operators with Retroactive Rent bills
The Trump administration has ended a two-year rent holiday for solar and wind projects operating on federal lands, handing them whopping retroactive bills.
Oil Shale
No One Expected U.S. Shale Oil Output Cuts to Happen So Fast
In brokering the end to the global oil-price war last month, the Trump administration assured leaders that America’s shale patch would throttle back production…
Crude Oil
US WTI Crude Futures Rise Above $30/bl
U.S. benchmark WTI crude futures rose above $30 a barrel for the first time in two months.
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