Major oil companies atop a cash-flow wave reduce debt, increase shareholder payouts Energize Weekly, December 20, 2023 The world’s five largest oil companies, riding a wave of high energy prices, pulled in $613 billion in cash flow between January 2021 and September 2023, which they used to reduce debt and send to shareholders, according to…
Feds propose 20-year ban on mining, oil and gas drilling on 225,000 acres in Thompson Divide Dec 12, 2023 The Forest Service and Bureau of Land Management plan to remove 224,713 acres from possible mining or oil and gas drilling for the next 20 years would seem worthy of an end-zone celebration in Crested Butte,…
Williams increases DJ basin gas gathering, processing assets through closed deals Nov. 30, 2023 Williams, Tulsa, Okla., closed two transactions that now position the company as the third largest gatherer in the Denver-Julesburg (DJ) basin, the company said in a release Nov. 30. The acquisitions have a combined value of $1.27 billion. In one transaction,…
Eversource announces new discount rate to begin Friday in Connecticut Nov 30, 2023 Eversource’s new discount rate for low-income households in Connecticut will start Friday, according to an announcement Thursday from the energy company. The rate is for customers defined as having “financial hardship.” Depending on a household’s income, the customers could receive 10% or…
Water utility cyberattacks underscore ongoing threat to OT Dec. 5, 2023 U.S. officials urged water utilities and industrial sites to employ basic configuration safeguards like securing internet-facing devices and changing default passwords following a series of attacks. The Iran-linked attacks against drinking and wastewater systems in the U.S. highlights longstanding concerns about under-resourced, local companies…
IEA takes aim at oil and gas sector at COP28, industry offers an agreement to cut methane Energize Weekly, December 6, 2023 As the climate conference – COP28 – opened in Dubai, the International Energy Agency (IEA) fired a shot across the bow of the oil industry with an analysis showing the sector needs to…
Greek shippers exit Russian oil trade as U.S. tightens price cap scrutiny November 23, 2023 Three major Greek shipping firms have stopped transporting Russian oil in recent weeks in order to avoid U.S. sanctions now being imposed on some shipping firms carrying Russian oil, four traders told Reuters and shipping data showed. The development is…
NARUC establishes new gas-electric working group to tackle grid-related reliability November 28, 2023 At its annual meeting and education conference last week, the National Association of Regulatory Utility Commissioners (NARUC) launched a new 15-month gas electric working group to improve reliability for both the gas and electric industries. “The safety and reliability of the grid…
Entergy’s nuclear plant north of Baton Rouge was forced into temporary emergency shutdown November 21, 2023 Entergy’s River Bend nuclear power plant near St. Francisville was forced into a temporary emergency shutdown over the weekend due to a technical issue, but was brought back online the following day, officials said. The shutdown, known as a…
PG&E bills to soar next year after regulators approve 13% rate increase Thursday Nov 16, 2023 Monthly bills for Pacific Gas and Electric Co. customers will climb even higher next year after California regulators on Thursday unanimously approved allowing the utility giant to increase its rates for electricity and natural gas to cover the cost…
Global LNG market stable for this winter, but there will be more volatility down the road Energize Weekly, November 22, 2023 Ample gas inventories in the U.S. and Europe and increased liquified natural gas (LNG) export and import capacity will likely meet global needs this winter, but growing demand over the next decade could lead…
US plans to buy 1.2 million barrels of oil for Strategic Petroleum Reserve November 13, 2023 The U.S. plans to buy 1.2 million barrels of oil to help replenish the Strategic Petroleum Reserve after it sold off the largest amount ever last year, the Energy Department said on Monday. The department said the planned purchase…
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