Record M&A in the fourth quarter of 2023 is driven by ExxonMobil and Chevron deals Energize Weekly, January 31, 2024 Upstream oil and gas mergers and acquisitions hit a record $144 billion in the fourth quarter of 2023 driven by two mega-deals – ExxonMobil’s $65 billion acquisition of Pioneer Natural Resources and Chevron’s $60 billion…
Tennessee natural gas pipeline decision ignites fiery debate January 22, 2024 The Federal Energy Regulatory Commission has approved plans to build a natural gas pipeline to supply a power plant the Tennessee Valley Authority plans to build near Clarksville, Tennessee, at the site of TVA’s biggest coal plant. Despite opposition from environmental groups, the commission…
Chesapeake to become top US natural gas producer with $7.4 billion deal for Southwestern January 11, 2024 Chesapeake Energy (CHK.O), agreed to buy smaller rival Southwestern Energy (SWN.N), in an all-stock transaction valued at $7.4 billion, a deal that will make it the largest independent U.S. natural gas producer. The deal disclosed on Thursday is…
Puget Sound Energy says region set new record for electrical demands January 15, 2024 Puget Sound Energy says the region set a new record for demand on the natural gas and electrical systems on Friday. A faulty fiber optic cable temporarily took down one of its gas storage facilities in Chehalis on Saturday afternoon. “But,…
Analysts Look at Oil Demand Growth in 2024 and 2025 January 09, 2024 In a new report sent to Rigzone, analysts at Standard Chartered projected that global oil demand growth “will stay above the longer-term average” in 2024 and 2025. The analysts forecast increases of 1.54 million barrels per day this year and 1.41 million…
Energy Department has cyber threats to infrastructure in mind with $70 million funding offer JANUARY 5, 2024 The Department of Energy is offering $70 million in funds toward research and development for technology that would protect delivery infrastructure against cyber-related threats and other physical hazards, part of what a senior agency official said is the…
Coordination of Texas electric and natural gas sectors key in dealing with blackouts Energize Weekly, January 10, 2024 Better coordination between the Texas electric and natural gas industries is key to getting individual generating facilities up and running – a so-called blackstart – after a cold-weather blackout, according to a federal report. The joint study…
Innovative water treatment tech could help remove forever chemicals DECEMBER 27, 2023 The Tampa Water Department is exploring suspended ion exchange technology as a way to address PFAS contamination to meet new federal standards. The new year will ring in new water safety regulations for public water systems as the Environment Protection Agency is expected…
New Mexico officials propose regulations for reuse of fracking wastewater December 29, 2023 New Mexico environmental officials have proposed a new regulatory framework for reusing wastewater with a focus on the used, salty byproducts of oil and natural gas drilling in a major U.S. production zone. The Environment Department announced Thursday its petition to the…
Japan’s nuclear power plants largely undamaged following quake Jan 2, 2024 Japan’s nuclear power plants along the Sea of Japan coast escaped serious damage in the New Year’s Day earthquake that struck the Noto Peninsula in Ishikawa Prefecture. But the 7.6 magnitude quake, which triggered tsunami warnings from Hokkaido to Kyushu and led to evacuations…
FBI: Play ransomware gang has attacked 300 orgs since 2022 December 18th, 2023 The ransomware gang behind several devastating attacks on major American cities has allegedly launched more than 300 successful incidents since June 2022, according to cybersecurity officials in the United States and Australia. The FBI joined the Cybersecurity and Infrastructure Security Agency (CISA)…
Xcel Energy natural gas, electricity bills to lower in 2024 Dec 15, 2023 Xcel Energy told Colorado customers Friday that they can anticipate lower heating bills in the first quarter of 2024 because the wholesale cost of natural gas has decreased. Xcel said the average residential natural gas customer could see a decrease of $4.87…
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