Energy quick reads

** A new report by the Texas Independent Producers and Royalty Owners Association claims Permian Basin methane intensity continues to trend downward, with methane emissions intensity falling by nearly 85% between 2011 and 2022, and during the same time period, total oil and gas production in the Permian increased by over 416%.

** The Arizona Corporation Commission will weigh affordability and reliability when considering new utility generating resources, but ESG factors — environmental, social and governance — do not have a role in those deliberations, Chairman Jim O’Connor said in a recent statement.

** General Motors and Komatsu said on Tuesday they will jointly develop a hydrogen fuel cell power module for the Japanese construction machinery maker’s 930E electric drive mining truck.

** A pipeline ruptures in Washington state, spilling 30,000 gallons of gasoline and forcing the closure of roads and a school.

**  The U.S. House votes to ban uranium imports from Russia, possibly boosting mining projects in Wyoming, Utah and Arizona.

**  Ford plans to cut production of its F-150 Lighting electric truck by roughly half as customer demand wavers.

** North Dakota officials and industry representatives say new federal rules to limit methane emissions would cost the state jobs and thousands of barrels of oil production.

** SpaceX will sell insider shares at $97 apiece in a tender offer, a price increase that boosts the value of Elon Musk’s space and satellite company closer to $180 billion, according to people familiar with the matter.

** Tesla Inc. filed a recall covering more than 2 million vehicles after the top US auto-safety regulator determined its driver-assistance system Autopilot doesn’t do enough to prevent misuse.

** Maine environmental regulators are set to decide next week whether the state should join others in adopting California-style regulations to drastically limit the sale of new gas-powered vehicles.


** The global climate summit was in overtime on Tuesday with no deal on the meeting’s final agreement, and countries are bitterly divided over whether to call time on fossil fuels. Negotiators are scrambling last-ditch meetings to salvage more ambitious language to address the cause of the climate crisis.

** Nearly 200 nations meeting in Dubai on Wednesday approved a first-ever call for the world to transition away from fossil fuels, tackling the top culprit of climate change after years of avoidance although at-risk countries said far more action was needed.

** TotalEnergies SE took control of four European startups to boost its power trading and energy procurement businesses, help it build wind and solar farms and expand in electric-vehicle charging.

** China’s clean energy firms are looking to the Middle Eastern kingdom to globalize their manufacturing bases as firms come under unprecedented margin pressure at home and trade tensions worsen with the US and its allies.