AI's energy hunger fuels geothermal startups but natgas rivalry clouds future

Geothermal energy startups are gaining attention from tech firms for sustainable power, amid challenges. Investments increase as bipartisan support and improved costs make geothermal competitive with other energy sources.

Devon Energy posts top-line beat in Q3, stock rises 3%

Devon Energy's Q3 2024 revenue exceeded expectations at $4.02 billion, but earnings fell slightly short, causing a 3% stock increase after-hours.

Texas natural-gas pipeline eases bottlenecks, paves way for higher shale output

The Matterhorn pipeline eases natural gas constraints in Texas, expected to increase U.S. oil production and improve profits for energy producers over the coming years.

US energy companies' shares gain as Middle East crisis sparks supply fears

Texas approves plan to boost oil and gas drillers' power grid access

The Texas commission approved the Permian Basin Reliability Plan to expand power grid infrastructure, addressing rising electricity demand from oil and gas industries in the region.

Texas approves plan to boost oil and gas drillers' power grid access

The Texas commission approved a plan to enhance power grid infrastructure for the Permian Basin, aiming to support rising electricity demand from the oil and gas industry.

Natural gas producers press Harris for answers in battleground state

Drillers in Pennsylvania are seeking clarity from Kamala Harris on her natural gas policy as she faces Trump in the presidential election, amid ongoing regulatory uncertainty.

Shale producer Validus to buy Citizen Energy in deal worth over $2 billion, sources say

Validus Energy has acquired Citizen Energy for over $2 billion, continuing a trend of consolidation in the U.S. shale industry following a surge in oil prices post-COVID.

Once-acquisitive Chinese oil giant looks to revive global dealmaking

US shale companies produce more crude using fewer rigs

U.S. shale oil producers are enhancing efficiency, leading to increased production despite lower spending, while OPEC plans to unwind output cuts, risking an oversupplied market.