Houston’s refining complex is capitalizing on a dramatic reshuffling of global oil trade patterns triggered by ongoing attacks on vessels transiting the Red Sea, positioning […]
Category: Energy
Texas Attorney General Sues Xcel Energy Subsidiary, Alleging Negligence in Massive Panhandle Wildfire
Texas Attorney General Ken Paxton has filed a lawsuit against Southwestern Public Service Company, the Xcel Energy(XEL.O) unit responsible for the deadliest wildfire in Texas history. The Smokehouse Creek […]
Texas Oil Executive Battles California Over Santa Barbara Offshore Drilling Project
Houston-based Sable Offshore CEO James Flores is locked in a regulatory battle with California over plans to restart dormant oil platforms off the Santa Barbara coast, a […]
Oil Tanker Rates Surge 467% Amid US Sanctions on Russian Producers
Oil tanker rates on key shipping routes surged 467% in 2025 as the market tightened due to growing crude supply, route disruptions, and US sanctions on […]
Austin Energy Launches First Solar Standard Offer Project as Texas Power Demand Surges
Austin Energy unveiled its first commercial rooftop solar installation under the Solar Standard Offer program on December 3, 2025, marking a significant step in the city’s clean […]
US Drillers Fuel Billion-Barrel Oil Glut at Sea
Geopolitics and sanctions are causing crude to accumulate on the ocean, according to the Wall Street Journal. The unusual buildup represents one of the most significant […]
Iraq Offers U.S. Oil Giants Russia’s 14 Billion Barrel Lukoil Oilfield Stake
Iraq has invited major U.S. oil companies to develop the giant West Qurna 2 field following Russian energy giant Lukoil’s forced exit under Western sanctions. […]
Russia’s Oil Revenue Plummets 25% as U.S. Sanctions and Ukrainian Strikes Bite
Russia’s income from oil exports fell to $10.97 billion in November, down nearly 25% from the same month last year and marking the weakest level […]
Los Angeles County Sues Oil Companies Over 227 Unplugged Wells in Inglewood Oil Field
Los Angeles County is suing four oil and gas companies for allegedly failing to plug at least 227 idle and exhausted oil wells in the […]
Texas Upstream Oil and Gas Jobs Fall by 1,300 in September
Texas upstream oil and gas employment declined by 1,300 jobs in September 2025 compared to August, according to data from the Texas Workforce Commission, which resumed publishing employment […]