Jason Lindquist joined RBN Energy, now part of Novi Labs, in September 2021 and has been covering the energy industry since 2011, which followed several years in daily newspapers. As managing editor, he is responsible for the daily blog and is also a regular contributor.
Steelmaker Cleveland-Cliffs will spend $1 billion to modernize the blast furnace at its Middletown, OH, facility, a total that includes a $500 million Department of Energy (DOE) grant originally intended to support a hydrogen-focused decarbonization project, the company said August 21. The revised project will reline and upgrade the blast furnace while installing a cogeneration plant for the Middletown site.
Kinetik said its Q2 2026 earnings call that its Permian operations were boosted by structural tailwinds from gassier production, increased natural gas takeaway capacity and surging power demand.
Global prices for refined products have remained elevated for a number of reasons, with the state of Russia’s refining sector a major, if sometimes overlooked, factor. Today, we look at the conditions in Russia, how trade flows have shifted, and what a post-war recovery might look like.
Genesis Energy said its Offshore Pipeline Transportation segment performed slightly below expectations during Q2 2026 as some operators experienced operational challenges and unplanned downtime at several fields connected to its offshore infrastructure, CEO Grant Sims said during the company’s earnings call August 6.
BP needs to make sure it's able to compete against similarly sized competitors and that it is competing to win, CEO Meg O’Neill said during the company’s earnings call August 4. She said the company’s integrated model is a competitive advantage but that its performance over the past few years had not met expectations.
