Can West Virginia be green when Trump supports coal mining?
He is a member of Economic Development Greater East, an initiative that promotes projects in a region devastated by the decline in coal production. He said he was a fourth-generation coal miner who had moved from one mining job to another in the past. He met EDGE's founder Jason Tart when he returned to Berwind and with their support, he opened a chicken business. Startups and non-profits, like EDGE, have taken on projects aimed at clean energy and land reclamation. But Donald Trump wants the coal industry to be revived, if only to supply fuel for artificial intelligence systems that are energy hungry and data centers.
Lukoil to Sell International Assets
Russia's Lukoil is selling its international assets after the U.S. imposed sanctions on the company.Washington refused to approve the sale of assets to Swiss commodity trader Gunvor, throwing Lukoil's operations in disarray and leading to a scramble of potential buyers.The U.S. Treasury cleared potential buyers to talk to Lukoil until December 13. They will need separate approval for specific deals. U.S. oil major Chevron is studying options to buy some global assets of Lukoil, sources have said. U.S. private equity…
Blackstone invests $1.2 billion to build a power plant in West Virginia
Blackstone announced on Thursday that its unit will invest around $1.2 billion in building a power station in West Virginia. The asset manager is stepping up efforts to meet the surging demand for electricity due to artificial intelligence and industrial expansion. Utilities, large investors and data center operators have increased their funding to build more power capacity. The Wolf Summit Energy Project, a 600-megawatt natural gas combined-cycle plant in Harrison County, will provide power to Old Dominion Electric Cooperative which services about 1.5 million people across Virginia, Maryland, and Delaware.
US sanctions threaten to disrupt Lukoil's international assets
The sale of Lukoil's overseas assets to Swiss commodity traders Gunvor has been blocked by Washington, which is a result of U.S. sanctions. Lukoil has a global footprint that includes upstream oil and natural gas projects, refineries, and fuel distribution networks in Europe, Central Asia and the Middle East. The company produces a half-million barrels of crude oil per day, 0.5% of the global oil production, outside of Russia in countries like Iraq, Kazakhstan, and Azerbaijan. Here are some details on its international assets.
EIA data show that US oil and gas production reached a new record high in August.
The Energy Information Administration reported on Friday that U.S. gas and oil production reached record levels in August despite fears of a market surplus. The record U.S. production of oil has been a major factor in the slumping commodity prices that we have seen this year. Brent crude, the global benchmark, traded just above $65, or 14% less than it did at the same time last. This is partly why the OPEC+ has decided to reverse years of severe supply cuts in order to regain market share. The EIA data revealed that the U.S. crude output increased by 86,000 barrels a day, to a new record of 13.8 million barrels per daily.
Millions of dollars in heating assistance for Americans who are at risk because of the shutdown
The government shutdown could cause millions of Americans to have difficulty accessing funding for their home heating as early as next month, said lawmakers and non-profit groups on Wednesday. In its 29th day of shutdown, the U.S. Department of Health and Human Services could deny states $3.6 billion in funding under the Low Income Home Energy Assistance Program (LIHEAP). These funds are used to pay for winter heating bills and summer cooling costs. About 80% of the funds is spent in winter. States receive their allocations typically in November or October, and funds are distributed in November and December to households. U.S. Rep.
Due to the shutdown, Americans are at risk of losing millions in heating assistance.
The government shutdown could make it difficult for millions of Americans to access funds for heating their homes as early as next month, according to lawmakers and nonprofit organizations from both parties. In its 29th day of the shutdown, the U.S. Department of Health and Human Services is blocking the states from receiving $3.6 billion in the Low-Income Home Energy Assistance Program (LIHEAP), which provides financial assistance to low-income households. The funds are used to pay for winter heating bills and summer cooling costs. About 80% of the funds is spent in winter.
EQT anticipates that the 2026 natgas output will be in line with the 2025 exit rate
EQT Corp, a U.S. energy company, said Wednesday that it expected to maintain natural-gas production in 2026 at levels comparable with its exit rate for 2025. This is due to lower sales forecasts for the current quarter. At midday, shares of the Pennsylvania-based firm were down 3.8%. The company anticipates a total sales volume between 550 and 600 billion cubic foot equivalents (Bcfe) for the fourth quarter. This is lower than the 634 Bcfe of the third quarter. It also includes the impact from 15 to 20 Bcfe in strategic curtailments made during October as EQT continues to optimize its pricing around in-basin volatility.
EQT beats quarterly profit estimates on strong natural gas prices, sales volumes
The U.S. energy company EQT Corp. beat Wall Street expectations for the third-quarter profits on Tuesday. This was due to higher natural gas prices as well as sales volumes. Following the results, shares of the company increased by 1.9% on extended trading. According to the Energy Information Administration’s Short-Term Energy Outlook, both demand and production of natural gas in the United States are expected to reach record levels by 2025. Energy sector is benefiting from an increase in natural gas demand, supported by LNG imports. Also, power consumption has increased due to higher temperatures and data center operations.
States sue Trump to stop cancellation of $7 Billion Solar Grant Program
According to court documents, nearly two dozen states have filed a lawsuit against the Trump administration for canceling a $7 billion grant aimed at increasing solar energy in low income communities. In a Thursday statement, California Attorney-General Rob Bonta announced that a group states who received grants through the Environmental Protection Agency’s Solar for All Program have filed two lawsuits. In August, EPA Administrator Lee Zeldin officially announced the end of the Solar for All program. In an email, the agency stated that it will not comment on any pending litigation.
States sue Trump to stop cancellation of $7 billion solar grant program
According to court documents, nearly two dozen states have filed a lawsuit against the Trump administration for canceling a $7 billion grant aimed at increasing solar energy in low income communities. In a Thursday statement, California Attorney-General Rob Bonta announced that two lawsuits were filed by a group states who received grants through the Environmental Protection Agency’s Solar for All Program. EPA Administrator Lee Zeldin officially announced the termination in August. In an email, the agency stated that it will not comment on any pending litigation.
The United States has experienced a number of deadly industrial accidents this century
Officials said that multiple people died in an explosion at a military explosives facility in Tennessee on Friday. They also reported the absence of 19 other people. Here are some of the most notable industrial explosions that have occurred in the United States during this century. An explosion on the 23rd of March 2005 at a BP Refinery in Texas City in Texas City left 15 workers dead and 180 others injured. The U.S. Chemical Safety Board reported that a series of explosions took place during the restarting a hydrocarbon-isomerization unit.
US Crude Oil Production Hits Record, says EIA
The Energy Information Administration reported on Tuesday that U.S. crude production reached a new monthly record of 13,64 million barrels of oil per day in the month July. This is up 109,000 barrels per days from June's previous record.The EIA reported that the oil output of Texas, the top producer, rose to 5,8 million barrels per day (bpd) in July. This was the highest level since October 2024. New Mexico, the second largest producer, reached a record 2,28 million bpd.The data also showed that the gross natural gas production of the Lower 48 States of the United States reached a record-high of 121.62 trillion cubic feet per day…
Baker Hughes reports that the US oil and gas rig counts have reached their highest level since June.
Baker Hughes, a leading energy services company, said that U.S. firms added oil and gas rigs this week for the fourth consecutive week for the first since February. The number of oil and gas drilling rigs, a good indicator of future production, increased by seven in the week ending September 26 to 549, its highest level since June. Baker Hughes reported that despite this week's increase in rigs the total count is still 38 rigs or 6% lower than this time last year. Baker Hughes reported that oil rigs increased by six this week to 424, the highest level since July.
EIA: US oil production reached record high in June
The U.S. crude production reached a record in June. It increased by 133,000 barrels a day, to 13,58 million bpd. This is according to the latest data from the Energy Information Administration's Petroleum Supply Monthly. The EIA reported that crude production in Texas, the top producer, increased by 11,000 barrels per day to reach 5.72 million barrels per day, its highest level since April. New Mexico's second largest producer saw its output rise by 40,000 bpd over the past month to 2,24 million bpd. This was the highest level since March. According to the EIA, the output of the U.S.
Increasing US LNG Exports to Catalyze Shale Production Growth
U.S. liquefied natural gas exports will soar by roughly 10% a year through 2030 as energy firms double their LNG production capacity, according to analysts, providing a shot in the arm to the country's maturing shale industry which has seen growth slow and costs rise.The U.S. is the world's largest oil and natural gas producer, but many of its best drilling locations have been tapped. While oil production is expected to plateau or fall in coming months, gas remains a bright spot for the industry thanks primarily to the country's booming exports.U.S.
Constellation Energy exceeds profit expectations on robust power demand
Constellation Energy, a major U.S. energy company, beat Wall Street expectations for the second-quarter adjusted profits on Thursday. This was due to rising demand from data centres and lower interest costs. Constellation and other independent power companies have benefitted from the record-high electricity demand. This is further fueled by the expansion of Big Tech’s energy-intensive, data center. Constellation signed several long-term agreements with giant technology companies for their data centers, including one with Meta, and another with Microsoft, which will reopen the former Three Mile Island nuclear plant in Pennsylvania.
EIA data show that US oil production rose to record levels in May.
The U.S. Energy Information Administration reported on Thursday that U.S. crude production reached a record 13,49 million barrels per day in May, despite concerns about oversupply pushing the price of the commodity to its lowest level in four years. Donald Trump, the U.S. president, has called repeatedly for increased oil production in the United States, whose output has already reached record levels each of the last two years. He has also taken steps to accelerate and expand drilling on federal land. OPEC+ producers have also increased their output since May in an effort to regain market share lost to U.S. shale drilling companies.
Air Products lowers its earnings forecast amid weak helium sales and LNG impact
Air Products reported a lower-than expected fourth-quarter profit and lowered its earnings expectations for the full year on Thursday as weak helium demands, project exits, and the impact from a previous LNG business sale continued weighing on volumes. U.S. Manufacturing remained slow in June, which eroded consumer and business confidence and affected demand for Air Products gases and related products. Chemical industry is facing a weaker demand on key markets such as China and Europe. According to data compiled and analyzed by LSEG, the company forecast fourth-quarter adjusted EPS between $3.27 and $3.47.
US gas companies EQT and Range increase output plans for 2025
EQT, a U.S.-based energy company, and Range Resources, a U.S.-based oil company both expect to produce additional natural gas by 2025 in order to meet the rising demand without increasing planned expenditure. Energy analysts predict that demand for liquefied gas for powering data centers and export to other countries will continue to reach record levels in the coming years. Dennis Degner, CEO of Range, told analysts during a call to discuss earnings on Wednesday that the company is "extremely well-positioned" to support these initiatives.