Day: March 26, 2024

Tuesday’s Energy Absurdity: What Happens When Texas Hail Meets China Solar

Energy News Beat Hail storms roared across Texas last week, and some of them happened in the same geographical areas where solar developers have condemned hundreds of acres of productive land to build solar installations made in China. The results were entirely predictable. Check out this news report about damage caused to one solar industrial […]

Matador Resources Company Announces Cash Tender Offer for Any and All of Its Outstanding 5.875% Senior Notes Due 2026

Energy News Beat DALLAS, Mar. 26 /BusinessWire/ — Matador Resources Company (NYSE:MTDR) (“Matador”) today announced that it has commenced a cash tender offer (the “Tender Offer”) to purchase any and all of the approximately $699.2 million outstanding aggregate principal amount of its 5.875% senior notes due 2026 (the “2026 Notes”) with a portion of the […]

Court upholds 2022 onshore oil and gas lease sales following Biden’s “unlawful” leasing ban

Energy News Beat (WO) – Western Energy Alliance won a significant victory in court last Friday as the U.S. District Court for the District of Columbia upheld the first onshore oil and gas lease sales of the Biden administration, held in June 2022. Judge Christopher Copper ruled in favor of the Bureau of Land Management’s […]

French Bank Pulls Funding for Two LNG Projects

Energy News Beat French lender Credit Agricole has declared it will no longer finance the Rovuma LNG project in Mozambique and the Papua LNG project in Papua New Guinea. The bank cited its commitments to reduce exposure to the oil and gas industry as the basis for its decision, according to a Reuters report on the news. […]

The surprising reason why Big Oil may not want a second Trump term

Energy News Beat HOUSTON — As president, Donald Trump vowed to unleash American “energy dominance,” while on the campaign trail, he has summarized his energy policies with the slogan “drill, baby, drill.” Yet a possible Trump victory in the 2024 election is not delighting oil and gas executives as much as one might expect, according to interviews with several industry leaders at […]

In Texas, ex-oil and gas workers champion geothermal energy as a replacement for fossil-fueled power plants

Energy News Beat “In Texas, ex-oil and gas workers champion geothermal energy as a replacement for fossil-fueled power plants” was first published by The Texas Tribune, a nonprofit, nonpartisan media organization that informs Texans — and engages with them — about public policy, politics, government and statewide issues. STARR COUNTY — In 2009, on a […]

Tennessee Senate Passes Bill Banning “Chemtrail” Spraying in Their Skies

Energy News Beat The Tennessee State Senate has taken a definitive stance against the controversial topic of “chemtrails” by passing SB 2691/HB 2063. The bill, which aims to ban the intentional release of chemicals into the atmosphere for geoengineering purposes, was sponsored by Representative Monty Fritts (R-Kingston) and Senator Steve Southerland (R-Morristown) and won approval in […]

Wind farm firms face investigation over claims they overcharged consumers by £100 million last year alone

Energy News Beat Wind farm operators face an investigation into claims that they overcharged by £100million last year alone when asked to switch off turbines to cut excess power to the grid. The cost – which is likely to have been added to consumer bills – has been highlighted by the Renewable Energy Foundation and is […]

Grid technology could save billions but for a policy vacuum

Energy News Beat Neil Chatterjee is a former chairman at FERC and is now a board member at Ampacimon and senior advisor, global regulatory, at Hogan Lovells. The electric transmission grid is the limiting factor for economic development in many communities across America. Energy communities looking to build generation and export power are discovering that […]

Australia’s Woodside to boost North America LNG purchases 5-fold

Energy News Beat HOUSTON, Texas — Australia’s Woodside Energy Group plans to significantly step up liquefied natural gas (LNG) purchases from North America, as rising costs and other issues make procurement in its home market more challenging. The company currently procures LNG from a project in Texas, and plans to start buying from Louisiana in […]