Chevron’s $7.6B purchase of PDC Energy creates the biggest oil and gas company in Colorado May 23, 2023 Chevron Corp. is buying PDC Energy in a $7.6 billion deal that will make it by far and away the largest oil and gas producer in Colorado and continues a trend in the state of bigger companies…
TSA Official: Feds Improved Cybersecurity Response Post-Colonial Pipeline May 15, 2023 In the wake of the ransomware attack on the Colonial Pipeline, the US Transportation Security Agency — the agency that regulates pipelines as well as air travel, railways, highways, and mass transit systems — brought together the CEOs of more than two dozen critical…
Oil and gas M&A deals down 50 percent to $14.8 billion quarter-over-quarter in Q1 2023 Energize Weekly, May 10, 2023 Oil and gas industry mergers and acquisitions (M&A) flagged in the first quarter of 2023 with a 35 percent drop in deals to 74 and the value halved to $14.8 billion compared to the last…
Standard Chartered Dubs Latest USA EIA Data Highly Bullish May 02, 2023 In a new report sent to Rigzone on April 28, analysts at Standard Chartered said the latest Energy Information Administration (EIA) weekly data was “highly bullish” according to the company’s U.S. oil data bull-bear index, which they said rose 47.7 week on week…
Pa.’s natural gas production curbed by capacity limits APR 25, 2023 Pennsylvania natural gas production fell by two percentage points in 2022 as pipelines run at full capacity and future development slows. Although the state maintains its number two status nationwide — just behind Texas — industry advocates say politics disconnect northern states from a…
Tennessee raises felony charge for ‘interfering’ with oil and gas pipeline projects APRIL 16, 2023 In the past four years, Tennessee has passed multiple laws aimed to protect fossil fuel projects from community challenges, like the law that preempts local governments from blocking fossil fuel projects, or the one that allows the state to boycott…
Oil and gas sector routinely targeted by cyberattackers, experts say April 10, 2023 Cybersecurity experts say they aren’t surprised by the revelation contained within a package of leaked U.S. intelligence documents suggesting Russian-backed hackers successfully gained access to Canada’s natural gas distribution network. They say oil and gas infrastructure in Canada and around the world…
Dominion Energy Utah starts hydrogen blending in Utah pipelines Apr 04, 2023 Dominion Energy Utah (DEU) has begun hydrogen blending in Delta, Utah, pipelines as part of the ThermH2 project. The project gas entered its first phase which is focused on blending hydrogen in the utility’s Training Academy to confirm available hydrogen. A 5% hydrogen…
U.S. pipeline regulator grants over $25 million in funding to improve safety March 20, 2023 The U.S. Department of Transportation’s Pipeline and Hazardous Materials Safety Administration (PHMSA) on Monday announced more than $25 million in funding to improve safety nationwide after recent train derailments. These grants are targeted to train first responders, strengthen safety programs,…
Hydrogen is supplementing natural gas, but critics remain wary FEB 6, 2023 A public utility is experimenting with blending small amounts of carbon-free hydrogen into natural gas lines in some Minnesota homes, but critics argue the procedure remains largely an exercise in hot air. As first reported last week by Energy News Network, the Midwest’s…
Number of oil and gas mergers and acquisitions hits a 17-year low in Q4 of 2022 Energize Weekly, February 1, 2023 The volume of oil and gas sector mergers and acquisitions fell to a 17-year low in the last quarter of 2022 as deal value for the quarter declined 13 percent year-over-year to $13 billion,…
Biden administration threatens veto of GOP bill restricting strategic oil reserve releases Jan 23, 2023 The Biden administration is threatening to veto Republican-led legislation that would restrict the release of oil from the country’s emergency reserve. “If Congress were to pass H.R. 21, the president would veto it. He will not allow the American people…
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