Energy News

Energy news continually updated from thousands of sources around the net.
  1. Exxon Mobil Corp. disclosed the deepest reserves cut in its modern history as prolonged routs in oil and natural gas markets erased the value of a $16 billion oil-sands investment and other North American assets. The equivalent of about 3.3 billion barrels of untapped crude was removed from the so-called proved reserves category in Exxon's books, the Irving, Texas-based explorer said in a statement.

  2. A 30-foot-long "Swatch Wall" built for the February 2017 opening of a new Design Within Reach store at 154 Post Rd. E. in Westport, Conn. A 30-foot-long "Swatch Wall" built for the February 2017 opening of a new Design Within Reach store at 154 Post Rd. E. in Westport, Conn.

  3. TransCanada is proposing a new pipeline tolling system it says will allow western Canadian natural gas to be shipped to Ontario at lower rates to better compete with growing American supplies. The Calgary-based energy transport company is inviting shippers to sign long-term binding commitments by March 9 to move gas on its underutilized Canadian Mainline system from a shipping centre in Alberta to a hub in southern Ontario.

  4. Feb 22 Philadelphia Energy Solutions has tapped chief operating officer Gregory Gatta as its next chief executive officer, the refining company said on Wednesday. Gatta, 41, an investment professional who worked at various private equity firms including Basso Capital Management and Pegasus Capital Advisors, will replace CEO Phil Rinaldi, who is retiring in March.

  5. When Hope Rosinski's father gave her a six-acre plot in Louisiana more than a decade ago, she was surprised to find oil and gas pipelines crisscrossing the property. Pipeline companies later secured her permission for two more lines, one of which has since caused flooding and consistently leaves her land saturated.

  6. Federal regulators are seeking input from people in central Virginia and the Shenandoah Valley about the proposed Atlantic Coast Pipeline. WVIR-TV reports the Federal Energy Regulatory Commission, which has the final say on interstate pipelines, is holding a public hearing Wednesday night in Nelson County and Thursday night in Staunton.

  7. Exxon Mobil and Saudi Basix Industries want to build a petrochemical plant that would the largest petrochemical project in Texas. Many residents oppose, but others like Jessica Ortiz, believe the project would benefit Gregory and the surrounding areas.

  8. In statehouses across the country, lawmakers with loved ones who fell victim to drugs are leading the fight against the nation's deadly opioid-abuse crisis, drawing on sad personal experience to attack the problem. In statehouses across the country, lawmakers with loved ones who fell victim to drugs are leading the fight against the nation's deadly opioid-abuse crisis, drawing on sad personal experience to attack the problem.

  9. A new study says Pacific Northwest ratepayers could save hundreds of millions of dollars if the Bonneville Power Administration and Energy Northwest close the region's only commercial nuclear power plant and replace its output with renewable energy.

  10. Mexican officials are hoping for a bit more calm, less vitriol and more constructive talk with the U.S. this week when the secretaries of state and homeland security arrive after months in which U.S. President Donald Trump has hammered Mexico. Rex Tillerson and John Kelly are widely seen as less combative than their boss.


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