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During the February blackout, much of Texas didn’t have access to electricity produced in states where snow and ice weren’t shutting things down.
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In a letter to the Public Utility Commission of Texas, Gov. Greg Abbott said he wants commissioners to encourage the construction and maintenance of coal, gas and nuclear plants. He also asked that regulators impose reliability costs on renewable power like wind and solar.
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The summer travel season is likely to be a busy one, with more demand for jet fuel and gasoline leading to higher prices for consumers.
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ERCOT said several power generators in the state are on forced outages for repairs, putting about 11,000 megawatts — about the amount of energy it takes to power 2.2 million homes on a summer day — out of commission.
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It's Becoming Clearer Who Profited From The Blackouts, And That's Raising Questions Of Price GougingNatural gas was in short supply during the blackouts and could be sold at a premium. With no market controls, gas increased hundreds of times its normal value.
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Trade groups representing the oil and gas industry say revoking a key permit needed for cross-border construction of the pipeline will cost jobs. Plus: ExxonMobil is accused of over-valuing a key asset in the Permian Basin.
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After a tough year, the energy industry looks rebound in 2021.
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The coronavirus-induced collapse in oil demand stole all the headlines. But oil companies faced a myriad of other woes, too, from hurricanes to itchy investors — and, of course, climate change.
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The energy industry is changing, and Houston, long known for its dominance in oil and gas, plans to remain an international leader through the transition.
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The pandemic is adding renewed urgency to a critical debate: Just how quickly can the planet reduce its dependence on oil?
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The amount of natural gas that oil companies burn off in Texas as a waste product could power every home in the state . It’s an industry practice known...
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Energy producer BP said Wednesday it wants to eliminate or offset all carbon emissions from its operations and the oil and gas it sells to customers by…