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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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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CISA Begins Program to Identify Critical Infrastructure

CISA Begins Program to Identify Critical Infrastructure November 1, 2021 The U.S. Cybersecurity and Infrastructure Security Agency and a congressional committee leader agree that officials must take precautionary steps to identify “systemically important critical infrastructure” to reduce risks of pervasive supply chain cyberattacks. Read more

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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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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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