Managers of electric grids say freezing temperatures and ice and snow could lead to power outages in many places, potentially leaving millions in the dark.
Category: Permian Basin (North America)
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U.S. Oil Companies Are ‘Battening Down the Hatches’
The industry is bracing for the OPEC Plus oil cartel’s meeting on Saturday, which is widely expected to further increase oil production despite weak demand.
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U.S. Oil Production Is Booming. Oil Jobs Are Not.
The industry is pumping ever more oil and natural gas, but it is doing so with only about three-quarters as many workers as it employed a decade ago.
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Texas Energy So Bountiful, They Pay You to Take It Away
Natural gas has traded at negative prices for weeks at a time in West Texas, where pipelines often lack the capacity to get the fuel to places that need it.
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Oil Companies are Thriving as the World Pushes for Clean Energy
High prices and growing demand have helped U.S. oil producers take in record profits despite global efforts to spur greater use of renewable energy and electric cars.
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Chesapeake Energy and Southwestern Energy Announce Merger
The deal, between Chesapeake Energy and Southwestern Energy, would create one of the largest energy producers in the United States.
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Occidental Is Latest Oil Company to Buy a Smaller Producer
The oil company said it would buy CrownRock, a smaller producer, for $12 billion just weeks after Exxon Mobil and Chevron announced acquisitions.
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Chasing Big Mergers, Oil Executives Dismiss Peak Oil Concerns
Exxon Mobil and Chevron are spending tens of billions of dollars buying oil and gas assets, betting that the International Energy Agency’s predictions of declining oil demand are wrong.