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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End of an Era: State’s Oldest Coal Power Plant Shifts Gears

End of an Era: State’s Oldest Coal Power Plant Shifts Gears March 5, 2022 On Thursday, Feb. 22, 2022, when the clock struck 9:41 p.m., it marked “the end of an era” for Heskett Station, as workers there described it. It was the last time North Dakota’s oldest coal-fired power plant…

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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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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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U.S. won’t share Europe’s natural gas woes this year, says gas pipeline chief

U.S. won’t share Europe’s natural gas woes this year, says gas pipeline chief 11/8/2021 Americans should have enough natural gas to keep homes warm and factories running, avoiding the kind of shortages that are crippling Europe and Asia, even if the coming winter gets particularly cold.  That’s because surging prices…

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Why Texas isn’t ready for another deep freeze

Why Texas isn’t ready for another deep freeze Nov 01, 2021 It’s been more than eight months since a glacial chill — the magnitude of which nobody quite anticipated — crept across Texas, forcing power plants offline, freezing natural gas wells and wreaking havoc on every part of the state’s…

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UGI Utilities gets approval from Pennsylvania commission for RNG pilot program

UGI Utilities gets approval from Pennsylvania commission for RNG pilot program October 25, 2021 UGI Utilities got the okay from the Pennsylvania Public Utility Commission to purchase renewable natural gas (RNG) as part of a five-year pilot program. The pilot program seeks to explore how UGI Utilities can integrate renewable…

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Climate-driven weather disasters threaten global energy infrastructure, IEA says

Climate-driven weather disasters threaten global energy infrastructure, IEA says

Climate-driven weather disasters threaten global energy infrastructure, IEA says Energize Weekly, October 20, 2021 Energy and infrastructure systems built over the last century are becoming more vulnerable to the ravages of climate change-driven extreme weather events, according to a series of reports. “Extreme weather events over the past year have…

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World energy consumption to rise 50 percent by 2050 with fossil fuels still dominant, EIA says

World energy consumption to rise 50 percent by 2050 with fossil fuels still dominant, EIA says

World energy consumption to rise 50 percent by 2050 with fossil fuels still dominant, EIA says Energize Weekly, October 13, 2021 Global energy consumption is forecast to increase 50 percent over the next 30 years if no policies or new technologies are introduced to curb demand, according to the U.S.…

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OPEC+ Holds Both the Knife and the Cake

OPEC+ Holds Both the Knife and the Cake October 05, 2021 OPEC+ holds both the knife and the cake in the oil market, especially as the group boasts the lion’s share of the remaining unused supply capacity in the world. Read more

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Oil and gas sector shows recovery in second quarter led by private companies, higher prices

Oil and gas sector shows recovery in second quarter led by private companies, higher prices

Oil and gas sector shows recovery in second quarter led by private companies, higher prices Energize Weekly, September 22, 2021 The U.S. onshore oil and gas industry saw the beginnings of a rebound in the second quarter of 2021 buoyed by strong commodity prices, strategic mergers, and increased efficiency, according…

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DOE to invest $10 million to reduce natural gas supply constraints, improve energy consumption

DOE to invest $10 million to reduce natural gas supply constraints, improve energy consumption September 13, 2021 A new funding opportunity announcement from the United States Department of Energy’s Office of Fossil Energy and Carbon Management (FECM) will offer approximately $10 million in funding for cost-shared research and development projects…

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Oil Spill in Gulf of Mexico After Ida Linked to Abandoned Pipeline

Oil Spill in Gulf of Mexico After Ida Linked to Abandoned Pipeline Sept 7, 2021 More than a week after Ida hit the Gulf of Mexico, it’s becoming increasingly clear that the hurricane made a huge mess of the oil and gas activities there. The government is investigating hundreds of reports of oil spills…

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Gas Prices Unlikely To Skyrocket As Oil Companies Assess Hurricane Ida Damage

Gas Prices Unlikely To Skyrocket As Oil Companies Assess Hurricane Ida Damage August 31, 2021 Oil companies are still assessing the damage at the oil rigs, platforms and refineries that were struck by Hurricane Ida. Read more

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USA Holds Largest Oil Reserves Sale in 7 Years

USA Holds Largest Oil Reserves Sale in 7 Years August 24, 2021 The U.S. is holding its largest sale of oil from strategic reserves since 2014 at a time when the outlook for fuel demand is darkening amid the resurgent Covid-19 virus. Read more

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Fight over ‘peaker’ plants poses grid climate test

Fight over ‘peaker’ plants poses grid climate test 08/24/2021 A proposed natural gas power plant and pipeline project in southwestern Indiana are drawing fire out of concerns that they will add more pollution to a region saddled with fossil fuel infrastructure. Read more

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NM could get billions in new federal funding

NM could get billions in new federal funding August 23, 2021 Congress is gearing up to approve the largest federal investments in infrastructure and social programs since the Great Depression in the 1930s, and New Mexico could reap huge benefits. Read more

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API Files Lawsuit Against Biden Administration

API Files Lawsuit Against Biden Administration August 17, 2021 The American Petroleum Institute (API) has announced that it, along with 11 other energy industry trade groups, has filed a lawsuit in the U.S. District Court for the Western District of Louisiana challenging the U.S. Department of the Interior’s (DOI’s) indefinite pause on…

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