Exxon Mobil’s subsidiary, XTO Energy, has recently entered into an agreement to divest its oil and gas assets situated in the Freestone Trend area of East Texas. The buyer is Houston-based oil company Hilcorp Energy, as confirmed in filings made with the Texas Workforce Commission. The Freestone Trend area encompasses six Texas counties: Freestone, Limestone,…

How the company isn’t just a utility company for consumer servitude Texas, known for its vast landscapes and thriving industries, is a state where energy holds a paramount role. Among the key players in the Texan energy landscape, CenterPoint Energy stands as a prominent figure. This Houston-based utility company has been instrumental in powering Texas…

On September 19, 2023, the U.S. Department of Energy issued program guidance and initiated the application process for $400 million in funding dedicated to promoting the adoption of enhanced building energy codes In the fight against climate change, elevating energy efficiency and reducing carbon emissions in existing buildings has taken center stage in federal initiatives….

CPS Energy has been chosen by the U.S. Department of Energy (DOE) to receive an allocation of approximately $30.2 million. These funds will further bolster CPS Energy’s ongoing efforts to fortify grid reliability and resilience. This financial support from the DOE will be directed toward advancing CPS Energy’s Community Energy Resiliency Program, which is primarily…

French energy company TotalEnergies has initiated commercial operations for its 380MWp solar-plus-storage venture, named Myrtle Solar, situated in Texas, United States. This project, located to the south of Houston, is accompanied by a 225MWh energy storage system supplied by TotalEnergies’ affiliate, Saft, and features a colossal array of 705,000 solar panels. The majority of the…

Exxon Mobil Corporation announced on Wednesday, during an event held at its headquarters in northern Houston, that the demand for its refineries will persist even as gasoline demand diminishes. The company unveiled detailed plans to produce new products at its refineries in response to the decreasing value of petroleum-based transportation fuels and the increasing need…

Recurrent Energy, the U.S. branch of Canadian Solar, a solar developer, announced on Tuesday that it has secured financing for its solar farm currently under construction in Liberty County, located 50 miles northeast of Houston. Recurrent will receive $120 million in construction debt, a letter of credit facility, and a term loan for the project…

Following clearance from the Federal Energy Regulatory Commission, Sempra has the option to increase the size of its liquefied natural gas project in Port Arthur, valued at $13 billion. The proposed Phase II expansion project would entail the addition of two production units, thereby doubling the number of units and increasing the project’s capacity to…

A report issued by the Federal Energy Regulatory Commission (FERC) has emphasized the urgent need for Congress and state legislatures to implement stricter regulations for natural gas pipelines and power plants in order to enhance their resilience against extreme cold weather conditions. The report, which examined the causes of the Winter Storm Elliott that occurred…

Renewable energy has become a significant contributor to America’s energy mix, with wind and solar leading the way as the fastest-growing sources of green power. According to the American Clean Power Association, over 27,000 megawatts of new wind, solar, and energy storage were installed in the United States in 2021, accounting for approximately 20% of…

Last month, Texas experienced scorching triple-digit temperatures, the Bitcoin mining industry emerged as a lucrative beneficiary, raking in a substantial eight-figure sum. Riot Platforms, a prominent Bitcoin mining company, was among the major beneficiaries, having received a payment of $31.7 million from the Electricity Reliability Council of Texas, the state’s grid operator, for its efficient…