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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Duke Energy complaints rise ahead of company’s decision to extend disconnection ban

Duke Energy complaints rise ahead of company’s decision to extend disconnection ban September 30, 2021 Duke Energy announced Thursday the company will continue to avoid shutting off electricity for the most at-risk families through March of 2022.  The announcement came just a day before Duke Energy’s limited disconnection ban was set…

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Offshore Drilling Rigs Eyed for LNG Conversion

Offshore Drilling Rigs Eyed for LNG Conversion September 24, 2021 Aberdeen-based offshore rig inspection company ADC Energy has said it has won a contract with an unnamed U.S.-based LNG company to help it identify and select offshore drilling rigs suitable for conversion for LNG operations. 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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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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U.S. shale sector rebounds in 2021 on higher oil prices and market discipline

U.S. shale sector rebounds in 2021 on higher oil prices and market discipline

U.S. shale sector rebounds in 2021 on higher oil prices and market discipline Energize Weekly, August 25, 2021 After years of red ink and a string of bankruptcies, the U.S. shale oil sector is staging a rebound, buoyed by higher oil prices and continued financial discipline, according to analyses by…

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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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Permian Gets Confidence Vote with Infrastructure Plan

Permian Gets Confidence Vote with Infrastructure Plan August 10, 2021 The region at the heart of the once-booming U.S. shale industry is signaling confidence in a nascent recovery after the pandemic crushed demand and curtailed oil and gas drilling. Read more

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Devon and Conoco Study $10B Shell Permian Assets

Devon and Conoco Study $10B Shell Permian Assets August 03, 2021 Devon Energy Corp. and ConocoPhillips are among potential suitors studying Royal Dutch Shell Plc’s portfolio of Permian Basin oil fields, which could be worth as much as $10 billion in a sale, people familiar with the matter said. Read…

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Shell greenlights Gulf of Mexico ‘Whale’ oilfield project

Shell greenlights Gulf of Mexico ‘Whale’ oilfield project July 26, 2021 Royal Dutch Shell (RDSa.L) announced plans on Monday to develop a new oilfield in the Gulf of Mexico, its first major project to get the go-ahead since a Dutch court ordered the energy company to accelerate its carbon emissions reduction targets.…

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Oil industry mergers and acquisitions bounce back in the second quarter of 2021

Oil industry mergers and acquisitions bounce back in the second quarter of 2021

Oil industry mergers and acquisitions bounce back in the second quarter of 2021 Energize Weekly, July 21, 2021 Mergers and acquisitions among oil and gas producers rebounded in the second quarter of 2021 with more than 40 deals totaling $33 billion, with seven deals each worth more than $1 billion,…

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Energy company wants $15 billion from the Biden administration for blocking the Keystone XL pipeline

Energy company wants $15 billion from the Biden administration for blocking the Keystone XL pipeline July 4, 2021 TC Energy Corporation, the company that developed the Keystone XL pipeline project, is seeking to recover more than $15 billion in damages from the United States, claiming the US government breached its…

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Supreme Court won’t sidetrack plans for PennEast pipeline

Supreme Court won’t sidetrack plans for PennEast pipeline JUN 29, 2021 The Supreme Court sided Tuesday with a pipeline company in a dispute with New Jersey over land the company needs for a natural gas pipeline, portions of which would cut through nearly a dozen municipalities in Northampton County. Read…

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Activists Demand Biden Kill More Pipeline Projects

Activists Demand Biden Kill More Pipeline Projects June 14, 2021 Environmentalists emboldened by this week’s defeat of Keystone XL are pressuring President Joe Biden to revoke permits for other oil and gas pipelines, warning their votes depend on the administration blocking fossil fuel infrastructure. Read more

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U.S. shale oil companies keeping production and budgets tight 2021 and beyond

U.S. shale oil companies keeping production and budgets tight 2021 and beyond

U.S. shale oil companies keeping production and budgets tight 2021 and beyond Energize Weekly, June 9, 2021 U.S. shale drillers are continuing to limit production and spending with the return to pre-pandemic levels years off, according to Oslo-based energy analyst Rystad Energy. Oil output is projected to drop 5.2 percent, about…

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Biden to Suspend Arctic National Wildlife Refuge Drilling

Biden to Suspend Arctic National Wildlife Refuge Drilling JUNE 1, 2021 The pendulum has swung again in the decades-long battle over drilling in the Arctic National Wildlife Refuge. The Biden administration is moving to suspend oil-and-gas leases in the sensitive Alaskan habitat, blocking a last minute rush by the Trump administration to…

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Colonial Pipeline Ransomware Attack Prompts DHS to Issue New Cybersecurity Regulations

Colonial Pipeline Ransomware Attack Prompts DHS to Issue New Cybersecurity Regulations JUNE 1, 2021 Hot on the heels of an executive order aimed at standardizing federal response to cyber attacks and creating new reporting requirements for government vendors, the Department of Homeland Security (DHS) is establishing its own requirements specifically…

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Oil and gas market rebound underpinned by market discipline at home and abroad

Oil and gas market rebound underpinned by market discipline at home and abroad

Oil and gas market rebound underpinned by market discipline at home and abroad Energize Weekly, May 26, 2021 Oil and natural gas have seen a rebound in 2021 but those gains are delicately balanced on market discipline in both global and domestic markets, according to an assessment by industry analyst…

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Biden prepared to take additional steps after Colonial Pipeline ransomware attack

Biden prepared to take additional steps after Colonial Pipeline ransomware attack MAY 10, 2021 President Joe Biden said Monday that his administration was prepared to take additional steps as the energy sector grapples with a colossal cyberattack targeting one of the largest fuel pipelines in the nation. Read more

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Global energy demand is forecast to rebound in 2021, IEA says

Global energy demand is forecast to rebound in 2021, IEA says

Global energy demand is forecast to rebound in 2021, IEA says Energize Weekly, April 28, 2021 Global energy production and demand is set to rebound from their pandemic doldrums in 2021with energy consumption up 4.6 percent, according to the International Energy Agency (IEA). The agency said in its annual Global…

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Cost of winterizing Texas electricity grid worth the expense, Dallas Federal Reserve says

Cost of winterizing Texas electricity grid worth the expense, Dallas Federal Reserve says

Cost of winterizing Texas electricity grid worth the expense, Dallas Federal Reserve says Energize Weekly, April 21, 2021 The cost of weatherizing the Texas electric power system – which faced a major collapse during a February freeze – could run into hundreds of millions of dollars, but the expense would…

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Texas’ new set of electricity regulators begins to take shape in wake of deep freeze, power outages

By Robert T. Garrett, Apr 12, 2021 A new set of Texas electricity regulators began to take shape Monday, as Gov. Greg Abbott nominated a finance expert to be the next chairman of the Public Utility Commission while his earlier choice of a PUC member moved toward Senate confirmation. Read more

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U.S. onshore oil and gas drilling rebounds with smaller, private operators leading the way

U.S. onshore oil and gas drilling rebounds with smaller, private operators leading the way

Energize Weekly, March 31, 2021 U.S. onshore oil and gas drilling showed signs of recovery in the fourth quarter of 2020 and the first few months of 2021 – sparked by a rebound in oil prices and strong activity among private companies, according to a Colorado School of Mines report.…

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Oil CEOs Pledge Climate Collaboration with Biden Admin

by Bloomberg | Jennifer A. Dlouhy | Tuesday, March 23, 2021   Chief executives of some of the largest U.S. oil companies promised to collaborate with the Biden administration in its campaign against climate change during a meeting Monday with White House National Climate Adviser Gina McCarthy.   Read more

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Federal lands drilling moratorium could tip activity toward Texas and away from New Mexico

Federal lands drilling moratorium could tip activity toward Texas and away from New Mexico

Energize Weekly, March 10, 2021 The Biden administration’s moratorium on federal lands oil and gas leasing and its review of future leasing could lead to a stark shift in activity to Texas from New Mexico in the Permian Basin, according to a Federal Reserve Bank of Dallas analysis. Half of…

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Collapse of the natural gas system from wellhead to turbine fueled Texas’ blackout

Collapse of the natural gas system from wellhead to turbine fueled Texas’ blackout

Energize Weekly, February 24, 2021 The near collapse of Texas’ electric grid was caused in the main by a failure of the natural gas system from the wellhead to pipeline to gas turbine, according to an analysis by the International Energy Agency (IEA). “Texas has a power shortage because it…

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European oil companies changing names and shifting their focus to alternative energy

European oil companies changing names and shifting their focus to alternative energy

Energize Weekly, February 17, 2021 European oil companies are continuing their push to reorient and rebrand themselves as comprehensive energy companies and not just producers of oil and natural gas. On Feb. 9, French oil company Total announced it was changing its name to TotalEnergies to reflect a broader strategy…

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U.S. energy consumption will take years to rebound from pandemic, EIA says

U.S. energy consumption will take years to rebound from pandemic, EIA says

Energize Weekly, February 10, 2021 It will take years for U.S. energy consumption and carbon dioxide emissions to return to 2019 levels after the severe impact of the COVID-19 pandemic on the country’s economy and the global energy sector, according to the federal Energy Information Administration (EIA). Energy consumption in…

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Oil and gas merger activity rebounds in Q4, but a pandemic hangover lingers

Oil and gas merger activity rebounds in Q4, but a pandemic hangover lingers

Energize Weekly, January 20, 2021 After being hobbled by an economy and commodity prices weakened by the novel coronavirus pandemic, merger activity among oil and gas production companies rebounded in the second half of 2020, according to Enverus, an industry analytics firm. Total activity for 2020 was $52 billion, powered…

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Oil and gas activity rebounds in the Permian Basin but economic pressure persists

Oil and gas activity rebounds in the Permian Basin but economic pressure persists

Energize Weekly, January 13, 2021 After a punishing year, oil and gas activity in a swatch of oil county from Louisiana through Texas to New Mexico rebounded in the fourth quarter of 2020, according to a survey by Dallas Federal Reserve Bank. The bank queried oil company executives in its…

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