California Regulator Threatens Trump With `Extreme’ Auto Rules: https://t.co/bkm5KvUg2j “If we lose the state vehicle standards, we have to fill up the gap with other measures,” California Air Resources Board Chairman Mary Nichols said at a forum on the issue Thursday.
U.S. FERC approves fourth train for Texas Freeport #LNG export plant: https://t.co/aNKIpgkBQg Freeport has said it could make a final investment decision to build Train 4 during the second quarter with the plant expected to enter service in 2023. #Texasoilandgas
U.S. #Gasoline Traders Would Rather Export Than Ship to New York: https://t.co/u1Nwjq12j0 The busiest U.S. fuel #pipeline is running below capacity, as Gulf Coast #refiners get fatter margins exporting to Latin America than shipping to New York.
New York denied a key permit for a $1 billion Williams Cos. shale #gas pipeline, dealing a critical blow to a project that would shuttle fuel to customers in New York City and Long Island: https://t.co/fqmf8u3h8z #WilliamsCos
ConocoPhillips will not chase expensive #Permian deals, CEO says: https://t.co/YiVibP4NFU “Do we wish we were larger in the Permian? Sure,” Lance said. “It has to be competitive in the portfolio and that’s a high bar.”
Former Massachusetts coal plant to be transformed into clean energy center: https://t.co/XBj2GzNBpd The Anbaric Renewable Energy Center will be home to a 1200-megawatt (MW) high-voltage direct current (HVDC) converter and 400 MWs of battery storage. #cleanenergy#renewableenergy
U.S. #shale output to hit new record of 8.49 million bpd in June: EIA https://t.co/CxGxs85kpX One of the largest changes is forecast in the #Permian Basin of Texas and New Mexico, where output is expected to climb by 56,000 bpd to a new record of about 4.17 million bpd in June.
The Real Reason We’re Not Driving #Electric Cars: https://t.co/mWGi8Qgci4 Electric-vehicle sales are rising fast, and battery installation is climbing — largely thanks to China, where battery demand rose more than 175% in the first quarter.
Bar rises for shale takeovers as #Chevron bows out of #Anadarko fight: https://t.co/vwtcrgYw9Z Avoiding overspending on shale is “what shareholders have been advocating for,” said Andrew Dittmar, an M&A analyst at researcher Drillinginfo. #oilandgas#m&a #permiandeals
California May Go Dark This Summer, and Most Aren’t Ready: https://t.co/sDWfrkcckb PG&E Corp. plans to cut power on high-wind days during the onrushing wildfire season could plunge millions of residents into darkness.
#Occidental will hear directly from investors one day after clinching victory in the battle for #Anadarko Petroleum Corp. and seeing its shares touch a new 10-year low: https://t.co/jN1yiCkaxf Occidental’s shares closed down 6.4% on Thursday, the worst performance in the S&P 500.
#Chevron, Breakup Fee in Hand, Could Buy One of These Instead: https://t.co/8bao1YvvZc Chevron Corp. is taking its $1 billion breakup fee and walking away from the biggest deal in the #oil industry in at least four years. But the supermajor may not be done yet.
Report: Air quality harmed as Texas #oil production booms. https://t.co/BTTHizC3kc “Controlling air pollution in West #Texas has not been a priority for the state, as evidenced by the scarcity of air #pollution monitoring stations in the #Permian Basin,” the report said.
New environmental regulations in #Colorado have chilled investment in the state’s #oil and gas fields as companies grapple with how local officials will respond to a law giving them more power to restrict #energy production: https://t.co/xSUMJjcRNe #drilling
Chevron drops $33 billion pursuit of #Anadarko, hands win to #Occidental: https://t.co/ztimrSQqWh The no. 2 U.S. oil producer stands to receive a $1 billion breakup fee. “Winning in any environment doesn’t mean winning at any cost,” said #Chevron Chief Executive Michael Wirth.
Chevron Would Join Billion-Dollar Break-Fee Club by Walking Away. See some examples of multi-billion dollar termination payments HERE: https://t.co/pTXWreCLcJ #chevron#anadarko#occidental#oxy
Shale producer Pioneer Natural Resources to cut executive ranks: https://t.co/enjhXmjSXH The company expects to save $100 million annually with the job cuts and a new organizational structure, Chief Executive Scott Sheffield said during an earnings call. #jobcuts#oilandgas
Kinder Morgan’s $1.75 billion gas pipeline hit with steel tariff: https://t.co/lAGx8BQu4a The tariff could add up to $80 million to the construction cost of Kinder Morgan’s Gulf Coast Express Pipeline. #KinderMorgan#steeltariff
Anadarko Accepts #Occidental Bid; Chevron Has 4 Days to Respond: https://t.co/1YrMeCAZQK “We think #Chevron is likely to make a counter offer, but it may not be high enough to win the bid,” said Leo Mariani, an analyst at KeyBanc Capital Markets. #Anadarko