Royal Dutch Shell is selling its Permian Basin oil holdings to ConocoPhillips for $9.5 billion.

HOUSTON — Royal Dutch Shell bought its oil and fuel manufacturing within the Permian Basin, the largest American oil discipline, to ConocoPhillips for $9.5 billion in money on Monday. The deal marks a turning level for Shell, which had put appreciable effort into growing the sphere since shopping for acreage…

Why Louisiana’s Electric Grid Failed in Hurricane Ida

Just weeks earlier than Hurricane Ida knocked out energy to a lot of Louisiana, leaving its residents uncovered to excessive warmth and humidity, the chief government of Entergy, the state’s greatest utility firm, advised Wall Street that it had been upgrading energy strains and gear to face up to massive…

Biden Offers Ambitious Blueprint for Solar Energy

The Biden administration on Wednesday launched a blueprint for producing nearly half of the nation’s electrical energy from the solar by 2050 — one thing that will require the nation to double the quantity of photo voltaic vitality put in yearly over the following 4 years after which double it…

Biden’s Electric Car Plans Hinge on Having Enough Chargers

In President Biden’s imaginative and prescient of a inexperienced future, half of all new automobiles bought in 2030 shall be electrical. But one thing actually primary is standing in the way in which of that plan: sufficient retailers to plug in all these automobiles and vans. The nation has tens…

OPEC and other producers will meet to decide oil output.

Officials from OPEC, Russia and other oil-producing international locations will meet Wednesday by video convention to decide how a lot oil to pump into the market because the pandemic continues to inject uncertainty into the worldwide economic system. The assembly will be the primary after an arduous collection of negotiating…

Downed lines are making it hard for Entergy to restore power in Louisiana.

Entergy, the most important electrical utility in New Orleans, is struggling to restore service to a whole lot of 1000’s of consumers who’ve been with out electrical energy since Sunday as a result of Hurricane Ida introduced down or broken a lot of its power lines. The utility firm mentioned…

Hurricane Ida Exposes Grid Weaknesses as New Orleans Goes Dark

Most of New Orleans went darkish on Sunday after Hurricane Ida took out transmission traces and compelled energy crops offline. It was an all too acquainted scene in a metropolis that has usually misplaced energy throughout huge storms. But this was an outage that was by no means presupposed to…

California’s Plan to Make New Buildings Greener Will Also Raise Costs

California has led the nation in combating local weather change by encouraging using renewable power and electrical automobiles. Now the state is taking up a good tougher problem — lowering emissions from properties, companies and different buildings which have to be heated, cooled and powered. This month, state regulators up…

California Solar Panel Mandate for New Buildings Advances

California regulators voted Wednesday to require solar energy and battery storage in new business buildings and high-rise multifamily dwellings, the newest entrance within the state’s vigorous efforts to hasten a transition from fossil fuels to different power sources. The California Energy Commission authorized the proposal by a vote of 5…