U.S. Department of Energy

Department of Energy proposes billions in savings through deregulation

May 13, 2025

(Oil Price) – The Department of Energy has proposed to eliminate or shrink regulations that it says would result in savings worth $11 billion and stimulate energy industry growth. The department said this was the biggest deregulation push in its history. “While it would normally take years for the Department of Energy to remove just a handful of regulations, the Trump Administration assembled

DOGE hands US DOE the budget axe to slash $10B in clean projects

April 17, 2025

(Oil Price) – If Big Oil was starting to feel good about its government-sponsored climate-era glow-up, they may be in for a rude awakening, with the U.S. Energy Department reportedly preparing to pull the plug on nearly $10 billion in clean-energy funding, according to new memos seen by the Wall Street Journal. The DOE’s move could put everything from hydrogen hubs

Could Texas become a geothermal energy hub?

January 2, 2025

(Oil Price) – Geothermal could soon be the hottest new thing in the United States energy mix. The naturally clean energy source has traditionally enjoyed broad bipartisan support in the United States, which is an increasingly impressive feat for any item of legislative interest. But while geothermal has a lot of things going for it – zero emissions, constant productivity – but it

Nuclear nerds needed: Big pay awaits

October 3, 2024

(Oil & Gas 360) – A talent deficit may be the biggest drag on the momentum behind a global nuclear resurgence as the technology is increasingly recognized as an efficient and proven way to produce reliable emissions-free electricity. A similar talent dearth has long been an oil and gas industry topic and potential threat to the United States’ dominance in

Biden administration grants first LNG export approval post-ban to New Fortress Energy’s Fast LNG project

September 4, 2024

World Oil (Bloomberg) – The Biden administration granted the first liquefied natural gas (LNG) export license since a federal court overturned a temporary moratorium on issuing permits to ship the fuel. The U.S. Energy Department granted a five-year license Tuesday to Wes Edens’ company New Fortress Energy Inc., which is developing the small-scale LNG export plant known as Fast LNG

U.S. suspends oil sale from strategic reserve amid price drop

March 10, 2020

Reuters WASHINGTON – The U.S. Department of Energy said on Tuesday it has suspended a sale of up to 12 million barrels of oil from the government’s emergency crude reserve due to the petroleum price drop. The DOE had announced the Strategic Petroleum Reserve sale in late February, before the coronavirus outbreak and a price war between major oil producers

Energy Dept. says OPEC trying to ‘shock oil markets’

March 10, 2020

Houston Chronicle A Department of Energy spokeswoman called out OPEC’s decision not to cut oil production as an attempt to “manipulate and shock oil markets,” after oil prices dropped close to $30 a barrel Monday. “These attempts by state actors to manipulate and shock oil markets reinforce the importance of the role of the United States as a reliable energy

ExxonMobil Partners with Carbon Capture Company

August 26, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 ExxonMobil partners with Mosaic Materials in order to pursue carbon capture technology ExxonMobil (stock ticker: XOM), an international oil and gas supermajor, has partnered with Mosaic Materials, a chemicals and engineering company, in order to explore and advance technology that can be used to remove carbon dioxide from emissions sources. The

Total Invests $500 Million in Tellurian, Enters Into LNG SPA

July 11, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Total commits to purchasing an aggregate of 2.5 Mtpa Total S.A. (stock ticker: TOT), through its subsidiaries Total Delaware and Total Gas & Power North America, has entered into a definitive agreement to purchase 1 Mtpa from Tellurian’s (stock ticker: TELL) Driftwood LNG terminal. Total will also invest $500 million in

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