Oil companies are wary of spending tens of billions of dollars into the country over the next decade and are looking for guarantees of physical and financial security amid stability concerns.
January 8, 2026Department of Energy News Updates
Energy Secretary to Meet With Oil Executives on Venezuela
Energy Secretary Chris Wright will attend the Goldman Sachs Energy, Clean Tech & Utilities Conference in Miami that executives from Chevron, ConocoPhillips and other companies are set to attend.
January 5, 2026US to Buy 1 Million Barrels for Strategic Petroleum Reserve
The Energy Department is seeking oil for delivery in December and January, using a portion of the $171 million from President Trump’s tax and spending law that provided for crude purchases.
October 21, 2025DOE Ends $7.5 Billion in Grants for Biden-Approved Projects
The Department of Energy terminated $7.5 billion in grants for 223 projects approved by the Biden administration including Paccar Inc.’s SuperTruck 3 program and two hydrogen hubs.
October 7, 2025Fusion Energy Could Deliver Power in 8 Years, DOE Chief Says
Fusion energy, which powers the sun and stars, has the potential to produce abundant carbon-free electricity, but efforts to harness it have proved elusive.
September 15, 2025Charging Installations Drop as Trump Ramps Up Attacks on EVs
Installation of high-speed chargers across the U.S. fell by more than 21% in the first quarter compared to the year-earlier period, according to an analysis of Energy Department data.
May 20, 2025US Won’t Move Forward With Billions in Biden-Era Energy Loans
Energy Secretary Chris Wright said DOE doesn’t plan to move forward with billions of dollars' worth of Biden-era loans as the Trump administration reviews DOE's $400 billion green bank.
May 2, 2025Energy Secretary Aims to Reassure Oil Bosses Amid Trade War
Energy Secretary Chris Wright sought to reassure U.S. oil companies during a visit to Oklahoma, saying turmoil from President Donald Trump’s trade war is apt to be fleeting.
April 25, 2025Energy Chief Plans to Seek $20 Billion to Refill Oil Reserve
Energy Secretary Chris Wright plans to seek up to $20 billion to accomplish President Donald Trump’s goal of refilling the nation’s depleted oil reserve to its maximum capacity.
March 7, 2025Watch: EPA Moves to Block CARB Clean Trucks Rule
The Environmental Protection Agency has taken a first step aimed at rescinding the Biden administration’s waivers granted for California’s Advanced Clean Trucks and Omnibus low nitrogen oxides rules.
February 24, 2025
