Texas Freeze Raises Cost Of Charging A Tesla To $900 | OilPrice.com

By Charles Kennedy – Feb 16, 2021, 12:00 PM CST The electricity shortage in Texas amid the cold snap has sent spot electricity prices soaring so much that the surge in power prices equals a cost of $900 for charging a Tesla. The typical full charge of a Tesla costs around $18 using a Level […]

Read More Texas Freeze Raises Cost Of Charging A Tesla To $900 | OilPrice.com
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2 Million Texas Households Without Power As Massive Winter Storm Drives Demand For Electricity – Houston Public Media

The state’s electric grid operator lost control of the power supply Monday morning as 2 million Texas households didn’t have heat or other electric appliances working at home as a massive winter storm delivered freezing temperatures across the state.

Read More 2 Million Texas Households Without Power As Massive Winter Storm Drives Demand For Electricity – Houston Public Media
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The new use for abandoned oil rigs – BBC Future

By Isabelle Gerretsen 26th January 2021 As offshore oil and gas platforms come to the end of their working lives, the remarkable ecosystems beneath the waves come into their own. One reason for this affinity is that the rigs offer a property rarely found in featureless open water: their considerable height. The platform acts as […]

Read More The new use for abandoned oil rigs – BBC Future
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U.S. shale ponders the unexpected: what to do with coming cash windfall? | Reuters

HOUSTON (Reuters) – A sustained rise in global oil prices has U.S. shale producers pondering something few expected to be considering after last year’s tumble: how to allocate rising cash flows among new production, dividends and stock buybacks. U.S. shale producers will generate about $73.6 billion in cash from operations this year, up nearly a […]

Read More U.S. shale ponders the unexpected: what to do with coming cash windfall? | Reuters
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Is big oil serious about going low carbon? | Bloomberg Professional Services

Is big oil serious about going low carbon? BloombergNEF January 19, 2021 This analysis is from BlooombergNEF. It appeared first on the Bloomberg Terminal. Executive summary The global oil industry is facing pressure to decarbonize. Regulations and reputational risks have forced most oil majors to take action to reduce their own emissions, such as curbing […]

Read More Is big oil serious about going low carbon? | Bloomberg Professional Services
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US puts new oil and gas leases, permits on federal lands on hold for 60 days | S&P Global Platts

Houston — The US Interior Department on Jan. 20 put new oil and gas lease sales and permits on federal lands and waters on hold for 60 days, according to an order signed by Acting Secretary Scott de la Vega. The decision gives the Biden administration more time to develop its longer-term plans on oil and […]

Read More US puts new oil and gas leases, permits on federal lands on hold for 60 days | S&P Global Platts

Trump administration issues last-minute Arctic refuge drilling leases | Reuters

The Trump administration said on Tuesday it had issued drilling leases on more than 400,000 acres (160,000 hectares) of Alaska’s Arctic National Wildlife Refuge (ANWR), delivering on a promise to fossil-fuel proponents on President Donald Trump’s last full day in office. — Read on http://www.reuters.com/article/usa-trump-drilling/update-2-trump-administration-issues-last-minute-arctic-refuge-drilling-leases-idUSL1N2JU2R8

Read More Trump administration issues last-minute Arctic refuge drilling leases | Reuters
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Valaris 8500 and 8501 will be converted by SpaceX | RigLynx

Elon Musk’s SpaceX bought two deepwater rigs last year and is converting them into floating launchpads, to support the enormous Starship rockets that the company is developing.   The rigs are in the Port of Brownsville, near SpaceX’s Starship development facility in Boca Chica, Texas.   The rigs have been renamed Deimos and Phobos, presumably in […]

Read More Valaris 8500 and 8501 will be converted by SpaceX | RigLynx

OPEC sees U.S. shale output recovering further on oil rally | Reuters

The outlook for U.S. shale oil is slightly more “optimistic” due to rising prices and output will recover further in the second half of 2021, OPEC said on Thursday, in a sign its policy of cutting output is helping rivals pump more. — Read on http://www.reuters.com/article/us-oil-opec/opec-sees-u-s-shale-output-recovering-further-on-oil-rally-idUSKBN29J1L6

Read More OPEC sees U.S. shale output recovering further on oil rally | Reuters
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Oil companies lock in drilling, challenging Biden on climate | AP

BILLINGS, Mont. (AP) — In the closing months of the Trump administration, energy companies stockpiled enough drilling permits for western public lands to keep pumping oil for years and undercut President-elect Joe Biden’s plans to curb new drilling because of climate change, according to public records and industry analysts. An Associated Press analysis of government […]

Read More Oil companies lock in drilling, challenging Biden on climate | AP