** Exxon Mobil Corp. reported $56 billion in profit for 2022, smashing a company record set in 2008 when the company reported net earnings of $45.2 billion. For the fourth quarter of 2022, the oil major reported a profit of $14 billion excluding charges. ** Political debate grows over the dead whales washing ashore in …
Category: EPA
Energy headlines
** The five biggest oil majors in the world are expected to report record profits for 2022 in the coming days, for around $200 billion in combined yearly earnings thanks to the jump in oil and gas prices last year. ** Exxon Mobil Corp disclosed on Monday its plan to start operations at its large-scale …
Headlines of other stories
** The Biden administration announced that it would complete a 20-year withdrawal of 225,504 acres in a northern Minnesota forest area that is home to some of the largest domestic critical mineral reserves. ** U.S. natural gas futures dropped 4% to a 20-month low despite a big weekly storage draw, as forecasts called for milder …
Headlines of other energy stories
** The Energy Information Administration at the U.S. Department of Energy believes the price of petroleum products (crude oil, gasoline and diesel) will decline 5% to 10% this year from its previous predictions. EIA’s forecast crude oil will average $77 per barrel in 2023, which is $11 less than its previous prediction of $86. ** U.S. natural gas futures …
Energy story headlines
** US climate envoy John Kerry bluntly summed up in one word what the planet needs to avoid a global warming catastrophe at the World Economic Forum this week: money. ** One of the country’s first offshore wind projects comes to life off the coast of Massachusetts where the wind will be used as an emissions-free …
Headlines of other energy stories
** Vice President Kamala Harris and two cabinet secretaries on Thursday celebrated the start of construction of a new high-capacity power transmission line between Arizona and California, which they hope will lead to future solar energy farms in the desert outside Phoenix. ** The federal Bureau of Land Management cites the developer of the proposed …
Federal judge rules 18 years later on Oklahoma poultry pollution lawsuit
Eighteen years. That’s how long it took for a Tulsa federal judge to decide a lawsuit brought by former Oklahoma Attorney General Drew Edmondson against the poultry industry in a fight over pollution of the Illinois River in eastern Oklahoma. U.S District Judge Gregory Frizzell ruled this week in favor of the state’s lawsuit …
Energy headlines
** Freeport LNG’s long-shut liquefied natural gas (LNG) export plant in Texas started receiving pipeline natural gas over the long U.S. Martin Luther King Jr holiday weekend, according to Refinitiv data. ** Routine groundwater monitoring ended a decade ago in New York City, but federal officials want to resume observations as rising sea levels and …
Headlines of other stories
** The parent of Liberty Utilities still plans to pursue its Kentucky Power acquisition but also is cutting its dividend 40%. ** More than 140 people have filed complaints against a Tennessee solar company that’s now under investigation in three states. ** Texas natural gas generators did better during last month’s cold snap than in the …
EPA backs off pollution crackdown in the Permian Basin
The recent giant sigh of relief heard throughout the Permian Basin might have come from Oklahoma energy firms and many others drilling in the nation’s largest shale basin. They feared the EPA would address high air pollution levels from the oil fields that make up the basin in West Texas and Southeast New Mexico. …
