Energy
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ExxonMobil redomiciling legal headquarters from NJ to Texas
The board said it “considered Texas’ legal and regulatory environment, including its modernized business statutes and the Texas Business Court, which is designed to resolve complex disputes efficiently.
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U.S. energy agency ups forecast of American oil and gas output
The agency forecasts U.S. oil production will rise about 3.8% through the end of 2027 while domestic natural gas output will increase about 4.3%, with the prices of both projected to return to near pre-war levels.
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Oil prices surge to highest levels since 2008 amid Iran conflict
The selection of a new hardline leader in Iran and worries about more regional destabilzation sent oil prices to their highest level since the 2008 financial crisis
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Trump admin expands LNG authorizations in Gulf of America states
Under the first Trump administration, the U.S. became the largest LNG exporter in the world, led by the Gulf states of Louisiana and Texas.
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Locals remain skeptical of on-hold plan to breach lower Snake River dams
The administration of President Donald Trump recently took action to halt efforts that could have led to the breaching of the lower Snake River dams in southeastern Washington.
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Energy proposal projecting $15B savings reaches governor
Advocates say deadlines that crush flexibility to use natural gas, nuclear and emerging technologies as well as renewables would be changed if the bill becomes law.
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Researchers say National Climate Assessment full of flaws, ask Trump to reassess past versions
Protect the Public’s Trust (PPT) and the CO2 Coalition are asking the Trump administration to fix flaws they say are in the previous assessments. This would bring the influential reports in line with Trump's “Restoring Gold Standard Science" executive order.
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Landry signs sweeping law to reform legacy oilfield lawsuits
SB244 was one of several major energy bills signed by Landry on Monday.
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Despite market uncertainty, Texas upstream employment increased in May
More than 208,200 were employed in the upstream sector in May, an increase of 2,200 jobs from April, according to the latest employment data.
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Gov Hochul says New York planning new nuclear site, first large US plant in years
"The new plan will be a model of 21st century nuclear design with safety at the forefront, automatic safety systems to enhance the containment, and rigorous environmental standards will be met," New York Gov. Kathy Hochul said.
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Iran threatens to disrupt global energy markets, but its ability to do so is limited, experts say
Will Iran take the gamble? Closing the Strait of Hormuz would cause a brief but huge disruption for the world’s energy markets, experts say, but such a drastic move would not be without consequences for Iran.
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Hyundai details $6B steel mill in Louisiana, commitment to 'hydrogen economy'
The proposed mill is projected to be operational by 2029, but company officials acknowledged significant challenges ahead, including the high cost of hydrogen production and uncertainty around future federal tax incentives.
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Transportation energy prices skyrocket over weekend
Combustion engine consumers, which make up more than 8 million vehicle registrations, are paying $3.53 on average for diesel. Nationally, it’s $3.67.