Energy in America

Royal Dutch Shell agreed on Monday to sell its controlling interest in a Texas refinery to partner Petroleos Mexicanos (Pemex) for about $596 million, the latest move by the European oil major to cut its global refining footprint.

Richard Glick, President Biden’s choice to lead the Federal Energy Regulatory Commission, previously worked for a company that has ties to an energy project recently greenlighted by the federal government.

Oil and gas producers Cabot Oil & Gas Corp and Cimarex Energy Co said on Monday they would combine to form a company with an enterprise value of about $17 billion, the latest in a sector rebounding from one of its worst downturns.

At its peak, 16,326 stations in about a dozen states and Washington, D.C., were experiencing gas shortages after the Colonial Pipeline temporarily shut down its system.

U.S. officials have linked the ransomware attack on Colonial to a criminal gang known as DarkSide, believed to be based in Eastern Europe, which specializes in crafting the malware used to breach systems, and shares it with affiliates -- for a cut of the ransoms they obtain.

Achieving the Biden administration's and other world leaders' climate goals would entail dramatic energy transitions that would greatly empower Chinese industry, the International Energy Agency (IEA) indicated this month.

"Every state is seeing an improvement" in gas shortages roughly a week after the nation’s largest fuel pipeline restarted operations after shutting down due to a gang of hackers, GasBuddy analyst Patrick De Haan told FOX Business Tuesday.

Elliott Management is urging Duke Energy to transform one of the nation's biggest utilities by separating into three companies serving different locations throughout the U.S.

Texas Gov. Greg Abbott on Monday announced that he was signing a law intended to penalize local governments that do not keep up with cybersecurity training requirements one week after ransomware attack shut down a major U.S. pipeline.