Biden to Release 10MM Oil Barrels Ahead of EU-Russian Ban

Biden to Release 10MM Oil Barrels Ahead of EU-Russian Ban September 20, 2022 The Department of Energy will offer additional US reserve crude for sale ahead of plans by the European Union to ban most Russian oil in December. The agency will offer 10 million barrels of low-sulfur crude for…

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New methane tax more a regulation aimed at curbing emissions than a revenue raiser

New methane tax more a regulation aimed at curbing emissions than a revenue raiser

New methane tax more a regulation aimed at curbing emissions than a revenue raiser Energize Weekly, September 14, 2022 A methane tax in the Inflation Reduction Act will likely serve more as a regulation than a revenue raiser, spurring oil and gas operations to cut down on fugitive emissions to…

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EQT to Buy Marcellus Gas and Pipeline Assets for $5 Billion

EQT to Buy Marcellus Gas and Pipeline Assets for $5 Billion September 6, 2022 EQT Corp., the largest US natural gas producer, agreed to acquire a privately held competitor in a $5.2 billion deal to expand holdings in the prolific Marcellus shale. Read more

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Eagle Ford Crude Oil Production Still Not On Pre-Pandemic Levels

Eagle Ford Crude Oil Production Still Not On Pre-Pandemic Levels August 30, 2022 Constant increases in the past six months have not yet put Eagle Ford crude oil production on par with pre-pandemic levels, the U.S. Energy Information Administration said. According to the EIA’s latest Drilling Productivity Report, crude oil…

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Texas natural gas exports to Mexico hit a record but a regional shortage may loom

Texas natural gas exports to Mexico hit a record but a regional shortage may loom

Texas natural gas exports to Mexico hit a record but a regional shortage may loom Energize Weekly, August 24, 2022 West Texas natural gas exports to Mexico reached a record in May, but the combination of growing Mexican exports and new Gulf Coast liquified natural gas (LNG) terminals could leave…

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National Grid’s first-of-its-kind renewable energy RFI validates a fossil-free energy strategy for the Northeast

National Grid’s first-of-its-kind renewable energy RFI validates a fossil-free energy strategy for the Northeast August 16, 2022 National Grid has located robust stocks of renewable natural gas (RNG) and hydrogen potentially available for its customers in Massachusetts and New York through the Company’s first-of-its kind Northeast clean energy request for…

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Williams CEO Says Robust Natural Gas Demand ‘Driving a Great Pipeline of Growth Opportunities’

Williams CEO Says Robust Natural Gas Demand ‘Driving a Great Pipeline of Growth Opportunities’ August 2, 2022 The chief executive of Williams, a natural gas processing and transportation specialist, said mounting calls for LNG and robust summer cooling demand are driving exceptional activity levels on the Transcontinental Gas Pipe Line…

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Analysis: U.S. LNG exports to Europe on track to surpass Biden promise

Analysis: U.S. LNG exports to Europe on track to surpass Biden promise July 26, 2022 When U.S. President Joe Biden promised European leaders in March that he would help secure new supplies of liquefied natural gas to offset shortages from Russia’s invasion of Ukraine, his pledge was greeted with scepticism.…

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Q2 oil and gas mergers and acquisitions hit by volatile equity and commodity markets

Q2 oil and gas mergers and acquisitions hit by volatile equity and commodity markets

Q2 oil and gas mergers and acquisitions hit by volatile equity and commodity markets Energize Weekly, July 20, 2022 Oil and gas sector mergers and acquisitions (M&A) buffeted by market volatility slipped in the second quarter of 2022 to $12 billion – an 18 percent decline from the first quarter…

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FERC Approval of Nexus Natural Gas Pipeline Exports to Canada Upheld

FERC Approval of Nexus Natural Gas Pipeline Exports to Canada Upheld July 11, 2022 A federal appeals court has upheld FERC’s approval of the Appalachia-to-Midwest Nexus Gas Transmission pipeline, siding with the Commission’s assessment of the public benefits of exported gas as part of its certificate decision. Read more

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Oil prices tumble, benchmark under $100 for first time since May

Oil prices tumble, benchmark under $100 for first time since May JULY 5, 2022 The U.S. crude oil benchmark West Texas Intermediate fell below $100 and the international benchmark Brent crude lost 9.93% on Tuesday amid fears of an economic recession. Read more

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Oil and gas production rising in the Permian Basin in the face of mounting costs

Oil and gas production rising in the Permian Basin in the face of mounting costs

Oil and gas production rising in the Permian Basin in the face of mounting costs Energize Weekly, June 29, 2022 Oil and gas production in Texas and New Mexico – the most productive U.S. fields – increased in the second quarter of 2022, even as operators face rising costs and…

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Proposed, under construction, abandoned: 6 key US pipeline projects

Proposed, under construction, abandoned: 6 key US pipeline projects June 21, 2022 It’s a complicated time to build a new oil or gas pipeline in the U.S. While the fossil fuel industry continues to see healthy demand and profits amid skyrocketing gasoline prices and war in Ukraine, construction costs are…

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U.S. LNG exports soar as Europe scrambles to fill gap left by Russian cutback

U.S. LNG exports soar as Europe scrambles to fill gap left by Russian cutback

U.S. LNG exports soar as Europe scrambles to fill gap left by Russian cutback Energize Weekly, June 15, 2022 Exports of U.S. liquified natural gas (LNG) to Europe soared in the first four months of 2022 and are poised to grow even more as the European Union (EU) scrambles to…

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Natural Gas Price Forecast – New Highs Ahead

Natural Gas Price Forecast – New Highs Ahead June 6, 2022 Natural gas prices have moved back towards yearly highs as the bullish trend remains strong. The solid demand for energy in the U.S. and worldwide continues to push energy prices higher, so traders may soon push natural gas prices…

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Two new pipelines to feed Louisiana Coast LNG export terminals approved by FERC

Two new pipelines to feed Louisiana Coast LNG export terminals approved by FERC

Two new pipelines to feed Louisiana Coast LNG export terminals approved by FERC Energize Weekly, June 1, 2022 Two natural gas pipeline projects to feed the growing liquified natural gas (LNG) export facilities on the Louisiana Gulf Coast were recently approved by the Federal Energy Regulatory Commission (FERC). The Evangeline…

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Washington casts shadow on oil market

Washington casts shadow on oil market May 24, 2022 Proposed United States legislation targeting oil cartel OPEC and its allies for possible antitrust lawsuits could spark chaos and stoke tensions in global energy markets, experts say. Read more

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High pump prices the result of a suite of market issues and not simply price gouging, study says

High pump prices the result of a suite of market issues and not simply price gouging, study says

High pump prices the result of a suite of market issues and not simply price gouging, study says Energize Weekly, May 18, 2002 Oil companies have been in the crosshairs of lawmakers for either price gouging or not producing enough oil as gasoline pump prices have soared, but a new…

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U.S. Proposes $1 Million Fine on Colonial Pipeline for Safety Violations After Cyberattack

U.S. Proposes $1 Million Fine on Colonial Pipeline for Safety Violations After Cyberattack May 10, 2022 The U.S. Department of Transportation’s Pipeline and Hazardous Materials Safety Administration (PHMSA) has proposed a penalty of nearly $1 million to Colonial Pipeline for violating federal safety regulations, worsening the impact of the ransomware…

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Pennsylvania House of Representatives passes package of bills that would reverse ban on fracking in Delaware River Basin

Pennsylvania House of Representatives passes package of bills that would reverse ban on fracking in Delaware River Basin May 2, 2022 The Pennsylvania House of Representatives Monday passed a package of legislation that would increase fossil fuel energy production in the state. This package of bills would significantly diminish the…

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These 3 Things Will Take a Big Bite Out of Oil Demand in 2022

These 3 Things Will Take a Big Bite Out of Oil Demand in 2022 April 26, 2022 The ongoing war in Ukraine, Covid-19 lockdowns in China and surging commodity prices are going to take a significant bite out of global oil demand this year. That’s according to Rystad Energy’s senior…

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Higher prices and oil market uncertainty spur record activity in the Permian Basin

Higher prices and oil market uncertainty spur record activity in the Permian Basin

Higher prices and oil market uncertainty spur record activity in the Permian Basin Energize Weekly, April 20, 2022 In a response to high oil prices, rising demand and supply concerns in international oil markets, monthly drilling permits for new wells in the Permian Basin hit a record in March, according…

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Cybersecuring the Pipeline

Cybersecuring the Pipeline April 12, 2022 On May 7, 2021, Colonial Pipeline, which operates the largest fuel pipeline system in the United States, disclosed that it had suffered a cyberattack. Its business systems had been infected with ransomware, malicious software that locks systems until a ransom is paid, usually in…

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Covid-19 boost in green spending still not enough, IEA says

Covid-19 boost in green spending still not enough, IEA says 04/12/2022 The world’s wealthiest countries are rapidly boosting spending on clean energy, but lower-income nations are struggling to do the same, with higher food and fuel prices bearing down on their already limited finances. The widening gap could challenge the…

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Exxon signals record quarterly profit from oil and gas prices

Exxon signals record quarterly profit from oil and gas prices April 4, 2022 Exxon Mobil Corp (XOM.N) on Monday said its first-quarter results could top a seven-year quarterly record, with operating profits from pumping oil and gas alone of up to $9.3 billion. A snapshot of the largest U.S. oil…

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UN report on climate crisis confirms the world already has solutions – but politics are getting in the way

UN report on climate crisis confirms the world already has solutions – but politics are getting in the way April 4, 2022 The world is careening toward levels of global warming that will have irreversible impacts, a new landmark report says, but we already have the solutions — the only…

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SoCalGas storage injection season begins in downside risk to city-gate basis

SoCalGas storage injection season begins in downside risk to city-gate basis 24 Mar 2022 Summer gas prices at the SoCal Gas city-gate could come under renewed pressure in the weeks ahead as already expanded storage inventories in southern California make an early start to the injection season. Read More

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War in Ukraine scrambles world oil markets, offers a spur to U.S. production

War in Ukraine scrambles world oil markets, offers a spur to U.S. production

War in Ukraine scrambles world oil markets, offers a spur to U.S. production Energize Weekly, March 30, 2022 The war in Ukraine is leading to a pinch in Russian oil – through operational problems and sanctions – that could lead to a restructuring of world oil markets and a boost…

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Natural gas power plant project for eastern Va. is scrapped

Natural gas power plant project for eastern Va. is scrapped Mar 21, 2022 A natural gas power plant project in eastern Virginia has been scrapped, a month after plans for a pipeline running through five counties to fuel it were put on hold following a regulatory ruling, and amid opposition…

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U.S. natural gas production and LNG exports projected to rise as foreign markets grow

U.S. natural gas production and LNG exports projected to rise as foreign markets grow

U.S. natural gas production and LNG exports projected to rise as foreign markets grow Energize Weekly, March 16, 2022 Natural gas production in the U.S. is poised to increase through 2050, spurred by exports – with a likely rise in shipments to Europe in the wake of the Russian invasion…

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Russian invasion of Ukraine and West’s economic sanctions roil global energy markets

Russian invasion of Ukraine and West’s economic sanctions roil global energy markets

Russian invasion of Ukraine and West’s economic sanctions roil global energy markets Energize Weekly, March 9, 2022 The Russian invasion of Ukraine and the broad sanctions by western nations in its wake are roiling energy markets from Europe to Asia and may lead to structural changes in regional and global…

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Global methane emissions seriously under reported, IEA analysis finds

Global methane emissions seriously under reported, IEA analysis finds

Global methane emissions seriously under reported, IEA analysis finds Energize Weekly, March 2, 2022 Global energy sector methane emissions are an estimated 70 percent higher than the figures reported by countries to the United Nations, according to the International Energy Agency (IEA). Nations report emissions to the United Nations Framework…

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Dakota Access pipeline: Supreme Court turns away challenge over tougher environmental review

Dakota Access pipeline: Supreme Court turns away challenge over tougher environmental review Feb. 22, 2022 The Supreme Court on Tuesday declined to hear a dispute between the company that operates the Dakota Access oil pipeline and several Native American tribes who say the project requires a more thorough environmental review. Read more

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Projects to address water, air pollution in Permian Basin grow along with fuel demand

Projects to address water, air pollution in Permian Basin grow along with fuel demand Feb. 14, 2022 As oil and gas markets continued to grow along with operations in the Permian Basin early this year, so too did efforts to mitigate the environmental impacts of the industry. Read more

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Cheniere completes new Sabine Pass LNG export unit in Louisiana

Cheniere completes new Sabine Pass LNG export unit in Louisiana February 7, 2022 U.S. liquefied natural gas company Cheniere Energy (LNG.A) on Monday said it had finished construction of a sixth liquefaction unit at its Sabine Pass LNG export plant in Louisiana, paving the way for higher commercial exports. Read more

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Colorado to request $25M in federal aid to help clean up its more than 1,200 orphan wells

Colorado to request $25M in federal aid to help clean up its more than 1,200 orphan wells Jan 31, 2022 Colorado is seeking $25 million from a federal fund to plug orphan oil and gas wells, state officials said, in what could be the first installment of millions in cleanup…

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As utilities consider ESG options, Kinder Morgan’s ‘responsibly sourced natural gas’ plan faces scrutiny

As utilities consider ESG options, Kinder Morgan’s ‘responsibly sourced natural gas’ plan faces scrutiny Jan. 25, 2022 Tennessee Gas’ mid-December proposal for shipping and trading RSG comes as utilities are looking for ways to reduce greenhouse gas emissions related to natural gas. Read more

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W&T Offshore (WTI) to Acquire Gulf of Mexico Assets for $47M

W&T Offshore (WTI) to Acquire Gulf of Mexico Assets for $47M JAN 11, 2022 W&T Offshore, Inc. signed an agreement to acquire interests in producing properties in the federal waters of the Gulf of Mexico for $47 million. W&T Offshore will acquire oil and gas producing shallow water assets at…

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US natural gas faces wild 2022 as foreign crises exert pull

US natural gas faces wild 2022 as foreign crises exert pull Jan 1, 2022 U.S. natural gas is in for another wild year as the insularity that once shielded North American energy consumers from overseas turmoil disintegrates. Benchmark American gas futures climbed almost 45% in 2021 for the strongest annual…

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Pandemic-hobbled economy in 2020 led to the lowest U.S. carbon emissions in 37 years

Pandemic-hobbled economy in 2020 led to the lowest U.S. carbon emissions in 37 years

Pandemic-hobbled economy in 2020 led to the lowest U.S. carbon emissions in 37 years  Energize Weekly, January 5, 2022 The COVID pandemic depressed U.S. economic activity so much in 2020 that carbon emissions dropped to their lowest level since 1983, with an 11 percent decrease in emissions over 2019 to…

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After two years of belt tightening, shale drillers’ capital budgets are set to rise in 2022

After two years of belt tightening, shale drillers’ capital budgets are set to rise in 2022

After two years of belt tightening, shale drillers’ capital budgets are set to rise in 2022 Energize Weekly, December 29, 2021 The shale oil sector’s recent financial recipe of generating cash flow and tamping down capital expenditures may change in 2022 as drilling budgets increase due to factors ranging from…

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BP to buy out U.S. pipeline partnership in $723 mln deal

BP to buy out U.S. pipeline partnership in $723 mln deal December 20, 2021 BP (BP.L) will acquire the remaining stake in its U.S. pipelines partnership BP Midstream Partners LP (BPMP.N) that it doesn’t already own in a more than $700 million deal, as the energy giant looks to simplify its structure. Read more

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Permian oil output forecast to hit record high in January-EIA

Permian oil output forecast to hit record high in January-EIA DECEMBER 13, 2021 The largest U.S. shale basin’s output will surge to a record in January, according to a monthly forecast from the U.S. Energy Information Administration on Monday. Read more

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U.S. set to become the world’s largest LNG exporter with Asia and Europe as its biggest customers

U.S. set to become the world’s largest LNG exporter with Asia and Europe as its biggest customers

U.S. set to become the world’s largest LNG exporter with Asia and Europe as its biggest customers Energize Weekly, December 15, 2021 The U.S. is poised to become the world’s largest liquified natural gas (LNG) exporter in 2022 with the addition of two new liquefaction units coming online along the…

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Exxon Looking Towards Permian Net-Zero Emissions By 2030

Exxon Looking Towards Permian Net-Zero Emissions By 2030 December 07, 2021 Supermajor ExxonMobil has revealed its plans to achieve net-zero greenhouse gas emissions from operated assets in the U.S. Permian Basin by 2030. Read more

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Coal Creek carbon capture, hydrogen hub among projects seeking clean energy funding

Coal Creek carbon capture, hydrogen hub among projects seeking clean energy funding 11/30/2021 A new arm of state government tasked with vetting funding applications for clean energy projects will evaluate eight proposals in the coming weeks, including one involving a carbon capture system at Coal Creek Station and another related…

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U.S. grid ready for winter, NERC says, New England and California may face fuel pinch

U.S. grid ready for winter, NERC says, New England and California may face fuel pinch

U.S. grid ready for winter, NERC says, New England and California may face fuel pinch Energize Weekly, December 1, 2021 Winter electricity-generating resources across the North American grid are forecast to be adequate, although weather and fuel access issues may create challenges for New England, California and parts of Canada.…

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New natural gas pipeline capacity expands access to export and Northeast markets

New natural gas pipeline capacity expands access to export and Northeast markets NOVEMBER 17, 2021 In our recently updated Natural Gas Pipeline Projects Tracker, we estimate over 4 billion cubic feet per day (Bcf/d) of new natural gas pipeline capacity entered service in the third quarter of 2021, primarily supplying Gulf…

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Traders Refocusing on Return of 2 Bearish Factors

Traders Refocusing on Return of 2 Bearish Factors November 16, 2021 The carnage on oil prices spilled into this week as the market now seems to be less concerned about the current supply tightness, expecting it to be short-lived. Read more

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