U.S. shale producers have been preaching and practicing capital discipline since the price crash of 2020 and haven’t deviated from their pledge to focus on shareholder returns instead of oil production growth since then. Some of the biggest independent U.S. shale firms may have started to finally please investors with …
Read More »American Shale Output Heading for 6-Month High in June
After U.S. oil output hit an all-time high in the final two months of 2023 with year-over-year growth clocking in at over 1 million barrels per day, the Energy Information Administration (EIA) said on Monday that American shale output from the top-producing regions would soar to a six-month high in …
Read More »Oil Prices Down after US Stockpile Build Signals Weak Demand
Oil prices fell on Wednesday following data indicating an increase in crude inventories in the US, the world’s biggest oil consumer. International benchmark Brent crude traded at $82.64 per barrel at 09.31 a.m. local time (0631 GMT), a decrease of 0.62% from the closing price of $83.16 per barrel in …
Read More »U.S. Drilling Activity Slips
The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday. The total rig count fell by 6 to 613 this week, compared to 755 rigs this same time last year. The number …
Read More »U.S. Drilling Activity Inches up
The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, for an increase of 2. The total rig count fell by 2 to 619 this week, compared to 753 rigs this same …
Read More »FBI Warns of Risk of Chinese Hack Attack on Energy Infrastructure
The director of the FBI has warned that the Chinese state has its sights set on U.S. critical infrastructure to compromise U.S. economic and national security. Speaking at the Vanderbilt Summit on Modern Conflict and Emerging Threats, Christopher Wray said “The PRC [People’s Republic of China] has made it clear …
Read More »Geothermal Energy: A Win-Win for Democrats and Republicans?
Geothermal energy is at the precipice of a major breakthrough in the United States. As technology rapidly advances, it’s seeming more possible than ever that the once niche energy production method could soon scale up for mass deployment in nearly any environment. Pilot projects are taking off across the country …
Read More »U.S. Attracts Europe’s Beleaguered Solar Companies
It’s nearly two years since the United States Congress passed the historic Inflation Reduction Act (IRA), with the country’s solar sector expected to be one of its biggest beneficiaries. According to the U.S. Solar Energy Industries Association (SEIA), the IRA will drive an additional 160 gigawatts (GW) of solar capacity …
Read More »U.S. CO2 Emissions down 17% since 2005, despite 2022 Increase
U.S. greenhouse gas emissions rose 1.3% in 2022, reflecting post-COVID economic recovery, but declined 17% since 2005, according to the Environmental Protection Agency’s (EPA) Annual US Greenhouse Gas Inventory (GHG Inventory), released every April. The EPA’s neutral policy report has been released annually since its inception in 1993, in accordance …
Read More »U.S. Power Plant Proposals Surge by 90% as Electricity Demand Rises
Proposals for new power generation capacity in the United States have increased by an impressive 90% over the last three years, Bloomberg has reported, in anticipation of a surge in demand for electricity. Notably, some 80% of the proposed capacity is solar plus batteries, with only 3% of proposed power …
Read More »
Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel