Global oil and gas investment rises even as demand slows risking overcapacity in the sector Energize Weekly, June 21, 2023 Global demand for oil is set to slow in the next five years even as investment in oil industry infrastructure is projected to grow, risking an overcapacity in production, according to the International Energy Agency…
More US natural gas producers join lower-emission gas trading hub 13 June 2023 Two US natural gas producers have joined certified natural gas trading platform CG Hub, adding 1 billion cubic feet per day of liquidity through the service. Seneca Resources and Northeast Natural Energy joined the first commodities trading platform for certified natural gas…
JCP&L, looking to reduce outages, to spend $34M to trim trees in 9 counties June 9, 2023 Jersey Central Power & Light announced Thursday that it is investing approximately $34 million in 2023 to trim trees along more than 3,400 miles of power lines across its central and northern New Jersey service area. This work…
Local opposition to wind and solar development growing across the country, survey finds Energize Weekly, June 14, 2023 The number of local regulations on renewable energy projects, which could hamper, delay or block development, is on the rise in the U.S., according to a report by the Columbia University Sabin Center for Climate Change Law.…
Supreme Court rejects challenge to California offshore fracking ban June 5, 2023 The U.S. Supreme Court on Monday refused to hear a challenge brought by the oil industry to court orders that ban fracking in federal waters off the California coast, in a setback to oil companies who argued the moratorium would “undermine the development…
Austin to enter mutual aid agreement with neighboring utility companies after February freeze June 2, 2023 A little over three months after an ice storm left tens of thousands of Austin Energy customers without electricity, some for as long as two weeks, the Austin City Council on Thursday ratified a mutual aid agreement that will…
U.S. oil and gas auction brings nearly $80 million to federal coffers 25/05/2023 The United States on Thursday carried out its first sale of oil and gas drilling rights on federal lands since President Joe Biden’s landmark climate change law was passed, attracting more than 78 million dollars in high bids for leases in New…
California unlikely to run short of electricity this summer thanks to winter storms, new power sources May 25, 2023 California regulators say the state is unlikely to experience electricity shortages this summer after securing new power sources and a wet winter that filled the state’s reservoirs enough to restart hydroelectric power plants that were dormant…
Supermajors are scrubbing their greenhouse gas emissions by offloading dirtier assets Energize Weekly, May 31, 2023 Seven of the world’s “supermajor” oil companies are cleaning up their greenhouse gas emissions in large part by offloading some of the dirtiest assets to small companies who are often poor environmental performers, according to a Columbia University study.…
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…
U.S. grid facing blackout risks this summer and next winter, reliability agency warns Energize Weekly, May 24, 2023 U.S. power grids are facing a risky summer and an even riskier winter, according to analyses by the North American Electric Reliability Corp. (NERC), the agency that oversees grid reliability and security. While most of the U.S.…
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…
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