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ExxonMobil’s US$64.5 billion acquisition of Pioneer Natural Resources could mean US tight oil output grows faster in the future.
The Biden administration plans the "fewest offshore oil and gas lease sales in history", and the rest of the week’s key energy news.
Read our take on an apparent breakthrough for enhanced geothermal energy, India’s LNG agreements, Indonesia’s oil and gas production, and more on ExxonMobil’s acquisition of Denbury.
Our take on pure player EQT's latest sustainability report – and more energy news and views in brief.
The extensive tax credits and other subsidies for low-carbon energy included in the Inflation Reduction Act have been widely seen as propelling the US into first place as a location for investment in those technologies.
In the US, corporate decisions on energy purchases have been key factors driving the growth of renewables
Distillate stocks are low in New York Harbor. Waivers from US shipping rules would help
The Obama administration’s attempt to regulate power sector emissions has been ruled illegal, constraining future policy. Renewables are set to grow anyway.
The president has asked refiners to increase output. Effective solutions will be more complex.
Cryptocurrency miners' ambitious plans mean adding significant new demand for electricity, but could help balance the grid.
The US and EU still aim to tackle climate change. But cutting European imports of Russian gas is the immediate priority.
The cost of gasoline has become a political problem for President Biden. He does not have many options for bringing it down.
Restrictions on Russia's financial system are already affecting energy trades. And momentum for longer-term changes is building.
The US government wants electric vans in the USPS' new fleet, France seeks an expansion of nuclear power, and exploring the progress of fusion power.
ExxonMobil and Chevron's oil and gas production plans in Texas and New Mexico, Georgia Power look to exit coal and the surging interest in CCUS and hydrogen.
US LNG export plants are working flat-out to meet strong global demand for gas that has been reflected in soaring prices. With new capacity coming on stream late in 2021 and early in 2022, the US is emerging as the world’s largest LNG exporter.
2022 could see rising carbon prices, greater distributed solar capacity, tighter supply chains for renewable energy and a double-digit market share for EVs.
Passage of the Build Back Better Act is by no means certain, but if it passes, it could have a dramatic effect on the US solar industry, supercharging its growth.
As a heatwave hit the southwest US this week, electricity demand surged, putting strain on the grids in Texas and California. Grid operators issued alerts urging customers to conserve electricity where possible by turning up thermostats and not running appliances in the late afternoon and evening. The measures worked: blackouts were avoided in both states. But the alerts were a reminder of the pressures facing grids in extreme weather conditions, which will increase as their reliance on wind and solar power grows. Demand response programmes and other measures to improve the flexibility of the grid are becoming increasingly important.
At a US-hosted climate summit this week, large economies discussed their ambitious objectives for cutting emissions. Now comes the hard part.
Pioneer’s US$6.4 billion deal for DoublePoint shows how demands for higher returns and lower emissions are driving consolidation among US E&Ps.
It has been a rough week for crude prices, but as vaccine availability continues to widen, hopes of a sustained pick-up in activity are well founded
Houthi militants have failed in recent attempts to hit targets in Saudi Arabia. But markets and governments are watching closely for a possible threat to oil supplies
Elon Musk is offering $100 million in prizes for carbon removal technologies. Costs need to come down a long way for them to be viable
Blocking the Keystone XL pipeline, rejoining the Paris climate agreement, and a 60-day restriction on drilling permits on federal lands and waters are a statement of intent from the new administration
A strong rise in prices in Asia and record US exports show how demand for LNG is bouncing back. Other markets are set to follow
For passenger and light freight vehicles, electric options are available and becoming more competitive. But long-distance road transport faces an uphill struggle
The US administration and Congress are trying to prevent the completion of the new gas pipeline from Russia to Germany
As US states ease restrictions, there is no evidence yet of a surge in coronavirus infections. But there is still a way to go before the economy and energy demand are back to normal
Earnings announcements from oil majors and utility groups this week have demonstrated the superior resilience of electricity businesses.
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