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…
Gas, a ‘bridge fuel,’ dominates U.S. power at any price
Gas, a ‘bridge fuel,’ dominates U.S. power at any price 09/20/2022 Surging natural gas prices normally result in booming coal generation. But 2022 isn’t normal. Power companies are shrugging off the highest gas prices in over a decade as they ramp up electricity generation at U.S. gas plants, which are…
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…
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
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…
Rig Of The Future To Be Powered By Floating Wind, Hydropower
Rig Of The Future To Be Powered By Floating Wind, Hydropower August 23, 2022 Huisman has designed a new harsh environment semi-submersible drilling rig that can be powered with onshore-produced hydroelectricity but also with floating wind turbines. The Dutch firm said that the new rig design was aimed at making…
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…
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…
USA Drops Rigs
USA Drops Rigs August 08, 2022 The U.S. rig count dropped by three week on week, according to Baker Hughes’ latest rotary rig count, which was published on August 5. Read more
Climate bill cuts carbon emissions and inflation while boosting economy, studies say
Climate bill cuts carbon emissions and inflation while boosting economy, studies say Energize Weekly, August 10, 2022 The climate, healthcare and budget bill passed by the U.S. Senate Aug. 7 will help curb both greenhouse gas emissions and inflation while providing a modest boost to the economy, according to three…
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…
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.…
North American power grid faced extreme weather and cyberattack risks in 2021
North American power grid faced extreme weather and cyberattack risks in 2021 Energize Weekly, July 27, 2022 The North American electric grid faced unprecedented challenges from severe weather, cyberattacks and problems with natural gas supplies in 2021, but with except one exception – in Texas – utilities and grid operators…
Biden administration unveils new funding for domestic solar manufacturing
Biden administration unveils new funding for domestic solar manufacturing July 14, 2022 The Biden administration on Thursday said it would pour $56 million into programs aimed at spurring domestic manufacturing of solar energy products as the U.S. seeks to move its clean energy sector away from a dependence on Chinese-made…
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…
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
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
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…
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…
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…
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…
Westinghouse, Bloom Energy to accelerate large-scale hydrogen production in nuclear industry; high-temperature integrated electrolysis
Westinghouse, Bloom Energy to accelerate large-scale hydrogen production in nuclear industry; high-temperature integrated electrolysis 07 June 2022 Westinghouse Electric Company and Bloom Energy Corporation have entered into a Letter of Intent to pursue clean hydrogen production in the commercial nuclear power market. The companies are teaming to identify and implement…
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…
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
Colonial Pipeline Ransomware Attack: Lessons for Technologists
Colonial Pipeline Ransomware Attack: Lessons for Technologists May 23, 2022 While technologists have always understood the damage that ransomware could do to an organization’s infrastructure and data, the May 2021 attack that targeted Colonial Pipeline IT infrastructure changed the game for good. Read more
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…
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…
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…
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…
PG&E makes property tax and franchise fee payments to cities and counties
PG&E makes property tax and franchise fee payments to cities and counties 21 APRIL 2022 Pacific Gas and Electric Co. reported this week on the property tax payments it is making to cities and counties this month. The company, which serves more than 16 million Californians, is paying property taxes…
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…
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…
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…
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…
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
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…
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…
The SEC wants companies to disclose how climate change is affecting them
The SEC wants companies to disclose how climate change is affecting them March 21, 2022 Every year, public companies in the U.S. are required to provide investors and regulators with detailed data about their financial performance and the risks they face. Soon, they may also have to disclose information about…
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…
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…
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…
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
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
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
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…
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
Oil and Gas M&A activity rebounds in 2021, but is still off pre-pandemic pace
Oil and Gas M&A activity rebounds in 2021, but is still off pre-pandemic pace Energize Weekly, January 19, 2022 Oil and gas industry upstream mergers and acquisitions (M&A) rebounded in 2021 rising 25 percent to $66 billion compared to pandemic-hobbled 2020, according to a report by industry analyst Enverus. After…
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…
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…
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…
