WASHINGTON – A bankrupt Texas clean coal developer has been cited by the Department of Energy’s Inspector General for misspending $2.5 million in federal funds. Summit Texas Clean Energy LLC announced plans in 2008 to develop a coal plant in West Texas that would capture 90 percent of […]
China has entered its first long-term contract to import U.S. liquefied natural gas, following a push by the Trump administration to open the rapidly growing market to U.S. suppliers. CheniereEnergy Inc., LNG +1.57% which has already exported LNG to China, said Friday that it had signed two purchase […]
Last Friday Feb. 2, oil prices were right at $66 a barrel. In less than one week prices have plunged nearly $5 and will close around $60 a barrel today. Leaving many of us scratching our heads wondering what’s going to happen next. Are the recent crazy swings […]
Irving-based Pioneer Natural Resources announced Tuesday that it was selling its non-Permian Basin acreage and infrastructure to focus its money and attention on what’s sometimes called a “Super Basin.” A large chunk of the sale — 70,000 acres — is in South Texas’ Eagle Ford shale, which includes both oil […]
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The U.S.’s Permian Basin is looking like Saudi Arabia, with as much as 1 million barrels of spare oil capacity ready to go into production, according to Nansen Saleri, former head of reservoir management at Saudi Aramco, the world’s largest crude exporter. Oil producers in the Permian Basin […]
HOBSON (Karnes County TX) – A worker continues to recover from burns after officials say he was injured when his truck caught fire at a tank battery off Farm-to-Market Road 81, which is operated by 1776 Energy Operators, LLC. According to Texas Railroad Commission (RRC) spokesman Ramona Nye, […]
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Here’s another example proving President Trump is the American Oil & Gas Industries best friend. In a speech tonight President Trump speaks about allowing energy exploration in the Arctic National Wildlife Refuge (ANWAR) for the first time in more than 30 years. In 1980, the U.S. Geological Survey […]
Chevron and Paris-based Total said Wednesday they’ve made a major oil discovery in the Gulf of Mexico southeast of New Orleans. The so-called Ballymore prospect is about 75 miles from the Louisiana coast in the Mississippi Canyon area of the Gulf. Total is already calling it the company’s […]
