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FTC Opens Inquiry of Chevron-Hess Merger

The Federal Trade Commission is investigating Chevron’s acquisition of Hess oil company, the second inquiry the independent agency has opened recently of a major oil industry merger.

December 11, 2023

Holiday Crowds on Roads Expected to Be Bigger Than Last Year

More Americans are expected to fly or drive far from home over Christmas than they did last year, putting a cap on a busy year for travel.

December 11, 2023

Occidental to Buy CrownRock for $10.8 Billion

Occidental Petroleum agreed to buy Texas shale driller CrownRock in a cash-and-stock deal valued at $10.8 billion as consolidation heats up in North America’s most-prolific oil basin.

December 11, 2023

Ryder Reveals First Two Companies in EV Fleet Program

Truck leasing and logistics company Ryder System identified its initial customers Dec. 5 for its RyderElectric+ turnkey electric vehicle fleet program.

December 7, 2023

House Panel Advances PIPES Act, Targeting Pipeline Safety

Legislation designed to boost safety and efficiency along pipeline systems to improve supply chain connectivity was approved Dec. 6 by a committee in the U.S. House of Representatives.

December 7, 2023

Stellantis Petitions to Void California Emissions Agreement

Stellantis NV, owner of the Jeep and Ram brands, is petitioning against emissions standards adopted by California and 13 other states that it says give competitors unfair advantages.

December 7, 2023

NTSB Calls for California Shipping Fix After 2021 Oil Spill

The National Transportation Safety Board wants changes in how containerships are anchored off Southern California to help prevent oil pipeline ruptures like the 2021 spill off Huntington Beach.

December 6, 2023

Unprecedented US Exports Are Weighing on Global Crude Market

Exports of U.S. crude are nearing a record of 6 million barrels a day — flooding the market with oil and weighing on prices from Europe to Asia.

December 6, 2023

Global Fossil Fuels Emissions to Hit Record Peak in 2023

The Global Carbon Project estimates that worldwide carbon dioxide emissions from burning fossil fuels will rise 1.1% this year over 2022, to 36.8 billion metric tons, a new peak.

December 5, 2023

Hydrogen Industry Raises Alarm Over Leaked Tax Credit Rules

A leaked draft of Treasury Department rules for hydrogen tax credits in President Joe Biden’s climate law is drawing warnings from advocates that they may stifle the burgeoning industry.

December 5, 2023