The U.S. Department of Energy said it bought the oil, for delivery to a site in Big Spring, Texas, for an average of $77.31 a barrel, below the average of $95 a barrel that oil sold for in 2022. Read More
Energy companies are already acutely aware of the need to avoid downtime — particularly unplanned downtime — with the latest estimates suggesting just 3.65 days of unplanned downtime per year (the equivalent of a 1% downtime rate) costs energy businesses more than five million dollars.
Texas LNG Brownsville LLC, a 4 million mt/yr LNG export terminal to be constructed in the Port of Brownsville, Texas, a subsidiary of Glenfarne Energy Transition, LLC, has signed a Heads of Agreement with EQT Corporation for natural gas liquefaction services. Read More
This significant funding injection, made possible by the Bipartisan Infrastructure Law's Charging and Fueling Infrastructure (CFI) Discretionary Grant Program, is a step toward the administration's goal of establishing a reliable national network of EV chargers. Read More
Occidental announced that BlackRock will invest $550 million on behalf of clients in the development of STRATOS, the world’s largest Direct Air Capture (DAC) facility, in Ector County, Texas. Read More
U.S. natural gas output fell to a preliminary 11-month low on Sunday as frigid weather froze wells across the country, while gas demand for heating and power generation was on track to hit record highs. Read More
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