2023 US energy output tops consumption, sets new record
US energy production increased by 4% to a record of nearly 103 quadrillion British thermal units, surpassing...
US energy production increased by 4% to a record of nearly 103 quadrillion British thermal units, surpassing consumption by 9 quads, the widest margin in records dating back to 1949, according to the Energy Information Administration. Oil and natural gas were the primary drivers of this increase, with dry gas production reaching 39 quads and crude oil production hitting 27 quads in 2023, both records, the EIA said.
Phillips 66's Rodeo refinery optimizes for renewable fuel
Phillips 66's refinery...
Phillips 66's refinery in Rodeo, Calif., is ready to meet "ample" short-term demand for renewable fuels after completing a billion-dollar conversion that gives it the capacity to produce 50,000 barrels per day of renewable diesel and sustainable aviation fuel. "We're confident placing all those [renewable product] barrels locally. And if there's demand outside of the region, we will surely supply that if the market supports it," said refinery manager Jolie Rhinehart.
Barclays CEO: Finance industry can't ditch O&G overnight
Barclays is moving away from financing oil and gas companies but the...
Barclays is moving away from financing oil and gas companies but the sector will remain relevant for quite some time and banks "cannot go cold turkey" on it, says CEO CS Venkatakrishnan. The finance major recently established a team dedicated to energy transition opportunities and has pledged to stop financing new oil and gas projects directly.
Sempra, Saudi Aramco enter non-binding LNG supply deal
Under a newly announced non-binding agreement, Sempra Energy would provide...
Under a newly announced non-binding agreement, Sempra Energy would provide Saudi Aramco with 5.51 million short tons per year of liquefied natural gas from the proposed Phase 2 expansion of its Port Arthur LNG project in Texas. The Saudi energy giant would also buy a 25% stake in the expansion to further grow its gas portfolio and boost its footprint in the US LNG market.
The NFL has to pay Sunday Ticket fans $4.7 billion. A...
The NFL has to pay Sunday Ticket fans $4.7 billion. A Los Angeles jury found that the league violated federal antitrust law by inflating the price of NFL Sunday Ticket—its out-of-market broadcast bundle—and preventing fans from buying single-team packages. The league reportedly must pay nearly $5b to fans who subscribed to Sunday Ticket and another $96 million to bars that were overcharged for the package (a sports bar in San Francisco initially filed the suit in 2015). These amounts could be tripled under the law. The NFL, which said it was “disappointed” in the decision, plans to appeal.
Two former Uvalde school police officers were indicted in the first criminal charges to stem from the botched law enforcement response to the 2022 mass shooting at Robb Elementary School, CNN reports.
A Bolivian general and several others were arrested hours after leading a failed coup attempt amid the country’s economic crisis.
Taco Bell unveiled a value meal that includes a whole lot of food for $7, joining McDonald’s and others in offering summer discounts.
Boeing was sanctioned by the National Transportation Safety Board for “blatantly” violating federal regulations by disclosing sensitive investigative information to the public.
Prince Harry will receive the Pat Tillman Award at this year’s ESPYs for his work founding the Invictus Games for wounded veterans.
