** U.S. Senator John Barrasso (R-WY), ranking member of the Senate Committee on Energy and Natural Resources (ENR), applauded the U.S. House of Representatives for passing by voice vote H.R.1042, companion legislation to S. 763, a bipartisan bill introduced by Barrasso to prohibit U.S. imports of Russian uranium. ** A House panel subpoenaed The Vanguard Group and …
Category: EPA
Quick reads
** Occidental Petroleum stock was declining Monday after the oil company announced it will acquire energy producer CrownRock in a deal valued at $12 billion. Occidental said Monday that the acquisition will help increase the company’s position in the Midland Basin, and will add 170,000 barrels of oil per day to the company’s production. The Midland …
Quick reads
** The Biden administration plans to set strict requirements on the sources of carbon-free electricity used by hydrogen producers seeking lucrative federal incentives, according to news reports citing leaked information regarding long-awaited rules for the Inflation Reduction Act’s clean hydrogen tax-credit program. ** Chrysler-parent Stellantis said it is seeking to void a 2019 California emissions …
Quick reads
** The world needs to phase out some fossil fuels — while employing carbon capture technology — to reach net zero climate targets by mid-century, US climate envoy John Kerry said, even as negotiators haggled over the best approach. ** Exxon Mobil Corp. plans to raise share buybacks 14% as the oil giant accelerates crude production in …
Energy headlines
** The U.S. Federal Trade Commission has sent shale oil producer Pioneer Natural Resources and Exxon Mobil a second request for more information on their $60 billion takeover deal, Pioneer said on Tuesday. The companies are working with the FTC and continue to expect that the deal will be completed in the first half of 2024, Pioneer …
Brief energy stories
** The worsening bottlenecks at the drought-stricken Panama Canal are pushing at least one US diesel shipper to sail around the tip of South America en route to Chile for the first time since 2020. The vessel Green Sky is hauling ultra-low sulfur diesel loaded at Citgo Petroleum Corp.’s Clifton Ridge terminal in Louisiana to …
Energy updates
** The Biden administration on Saturday issued a final rule aimed at reducing methane emissions, targeting the U.S. oil and natural gas industry for its role in global warming as President Joe Biden seeks to advance his climate legacy. ** Nearly a decade after the Flint Water Crisis, the Biden administration is proposing to require the removal …
Headlines of energy stories
** Occidental Petroleum is one of the finalists in the auction for CrownRock, an energy producer in the west Texas area of the Permian basin, with a bid of more than $10 billion, a person familiar with the matter told Reuters on Wednesday. ** The U.S. Coast Guard expands its search for the source of last month’s …
Energy updates
** A next-generation geothermal plant backed by Google has started sending carbon-free electricity to the grid in Nevada, where the tech company operates some of its massive data centers. On Tuesday, Google and geothermal developer Fervo Energy said that electrons began flowing from the first-of-a-kind facility earlier this month reported Canary Media. ** Electricity in Kentucky is about to …
Headlines
** Gasoline prices have fallen for 60 consecutive days — the longest streak of declines in more than a year — letting American drivers pass on savings at the pump to consumer retailers during the US economy’s all-important holiday season. ** The Biden administration on Tuesday auctioned off 35,000 acres (14,164 hectares) of land in Wyoming …