oil

Global energy giant BP said it would cut thousands more jobs by the end of this year, as the company continues to reduce its renewable energy plans to focus more on its longtime core business of oil and gas production. UK-based BP, which has its U.S. headquarters in Houston, Texas, has said it plans to […]

The advent of President Trump’s second term has heralded significant changes for the U.S. energy industry, and savvy private equity investors are adapting. Six months down the road, the reprioritization of investment opportunities by such savvy private equity investors has delineated some clear—and familiar—near-term winners. Two of the top five private equity investment trends in […]

The uncertainty surrounding the global tariff war is reshaping the landscape of mergers and acquisitions (M&A) within the energy sector. This dynamic environment presents both challenges and opportunities for investors, compelling them to navigate a complex web of trade policies, supply chain disruptions, and geopolitical shifts.

Managing the different oils and greases that make up your lubricant arsenal is a daunting task. Most power generation facilities employ a lubricant champion to keep those products carefully sorted and implemented. But like most highly skilled experts, lubricant champions can only do a great job when they’re properly supported. If you want to maximize productivity, […]

Talen Energy has reached an agreement with PJM Interconnection, the Maryland Public Service Commission, Maryland electric utilities, consumer representatives, and the Sierra Club to extend operations at its 1.3-GW coal-fired Brandon Shores power plant and 774-MW oil-fired H.A. Wagner units until May 31, 2029, under a reliability-must-run (RMR) contract. If approved by the Federal Energy […]

China’s thermal power generation reached a record high in 2024, primarily due to the country’s coal-fired power plants, even as the country continues to add renewable energy resources to its power grid. Data from China’s National Bureau of Statistics showed electricity production from the country’s coal, oil, natural gas, and nuclear power sectors increased 1.5% […]

President-elect Donald Trump’s transition team has made the U.S. energy industry a focus of its plans for his first days in office, with analysts and energy experts expecting a rollback of environmental regulations for coal- and natural gas-fired power plants. That may have some utilities rethinking their strategies about the scheduled closure of some fossil […]

California utility Pacific Gas & Electric (PG&E) said the company is nearing a deal to sell power generation assets to KKR, a New York City-based global investment firm that has holdings in several business sectors, including energy and infrastructure. PG&E has been seeking money to pay for wildfire mitigation work across its service territory, and […]

Turbines are by far the single most-costly piece of equipment for many energy businesses, which highlights the importance of lubrication for these assets. Although turbine oil could last for more than a

A study from a group that recruits workers for energy sector jobs has found that as many as 39% of workers in the nascent green hydrogen industry are coming from the fossil fuel sector. The report from WorldWide Recruitment Energy, released in January 2024 and the second edition of the study, compiled responses from more […]