** Exxon Mobil Corp on Friday missed analysts’ estimates with a 28% year-on-year drop in first quarter profits as weaker refining margins and lower natural gas prices offset volume gains. The largest U.S. oil company, which is in the process of closing a $60 billion deal for top shale oil producer Pioneer Natural Resources, posted first-quarter earnings …
Category: EPA
Energy briefs
** The Biden administration on Thursday finalized a highly anticipated suite of rules to cut hazardous, planet-warming pollution generated by power plants in one of its most significant environment and climate actions to-date. The Environmental Protection Agency’s new rules will compel coal and new natural gas power plants to either cut or capture 90% of their climate pollution by 2032. ** The …
Energy briefs
** Tesla reported net income of $1.1 billion for the January-to-March period, down 55% from the year prior. Revenue fell 9% to $21.3 billion. In contrast, GM reported a 24% rise in first-quarter profit and lifted its profit outlook for the year, as the automaker leans into strong demand for gas-powered trucks and SUVs while trimming investment in future …
Energy briefs
** For the first time in five months, NASA engineers have received decipherable data from Voyager 1 after crafting a creative solution to fix a communication problem aboard humanity’s most distant spacecraft in the cosmos. Voyager 1 is currently about 15 billion miles (24 billion kilometers) away, and at 46 years old, the probe has shown multiple …
Mitchell Talks Energy With Jerry Bohnen—podcast explores energy bills that aren’t really dead
So you think some of the controversial bills in the Oklahoma legislature including the so-called ROFR/NOFR measure are dead? Think again as this week Scott Mitchell and Jerry Bohnen explain why the term ‘dead for the session’ is untrue and which energy-related bills deemed lifeless in April will likely regenerate in May. Plus a …
Energy briefs
** The chip powering the Mate 60 Pro phone of sanctioned Chinese company Huawei is not as advanced as American chips, U.S. Commerce Secretary Gina Raimondo said on Sunday, arguing that it shows U.S. curbs on shipments to the telecoms equipment giant are working. ** In 2018, Akron-based FirstEnergy donated $2.5 million to a Republican Governors Association-affiliated …
Energy briefs
** The Biden administration is restricting drilling on millions of acres of government-owned lands in Alaska — and taking the penultimate step toward blocking a mining access road in the same state. The administration announced Friday it would block off oil and gas drilling on 13 million acres in the Western Arctic that are part of an …
Drummond joins fight with EPA over using race to determine pollution decisions
Oklahoma Attorney General Gentner Drummond’s latest fight with the EPA focuses on the agency’s consideration of race in regulation of pollution. He is one of 23 attorneys general who signed on with a petition authored by Florida Attorney General Ashley Moody asking the EPA to stop including race as a consideration. Moody pointed …
Energy quick reads
** The Biden administration is reimposing sanctions on Venezuelan oil, it said Wednesday. The administration said it would renew sanctions that it temporarily lifted in October after Venezuela did not make sufficient progress toward a fair election. Companies will have 45 days to wind down their transactions with the nation’s oil and gas sector. ** The costs of enduring climate change …
Energy quick reads
** Sen. Josh Hawley, R-Mo., called on Energy Secretary Jennifer Granholm to resign Tuesday following a heated exchange over her past financial transactions. Hawley’s tense back-and-forth with Granholm came during a Senate Energy and Natural Resources Committee hearing held to review the Department of Energy’s (DOE) 2025 budget request. The Missouri Republican excoriated the energy secretary for violating the …
