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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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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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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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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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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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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Black Hills Energy joins ONE Future Coalition, commits to reduce methane emissions

Black Hills Energy joins ONE Future Coalition, commits to reduce methane emissions May 03, 2021 by Chris Galford Black Hills Corp., operating utilities as Black Hills Energy, became the latest natural gas company to join the Our Nation’s Energy Future (ONE Future) Coalition last week, committing to reducing methane emissions throughout…

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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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U.S. onshore oil and gas drilling rebounds with smaller, private operators leading the way

U.S. onshore oil and gas drilling rebounds with smaller, private operators leading the way

Energize Weekly, March 31, 2021 U.S. onshore oil and gas drilling showed signs of recovery in the fourth quarter of 2020 and the first few months of 2021 – sparked by a rebound in oil prices and strong activity among private companies, according to a Colorado School of Mines report.…

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Oil CEOs Pledge Climate Collaboration with Biden Admin

by Bloomberg | Jennifer A. Dlouhy | Tuesday, March 23, 2021   Chief executives of some of the largest U.S. oil companies promised to collaborate with the Biden administration in its campaign against climate change during a meeting Monday with White House National Climate Adviser Gina McCarthy.   Read more

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Federal lands drilling moratorium could tip activity toward Texas and away from New Mexico

Federal lands drilling moratorium could tip activity toward Texas and away from New Mexico

Energize Weekly, March 10, 2021 The Biden administration’s moratorium on federal lands oil and gas leasing and its review of future leasing could lead to a stark shift in activity to Texas from New Mexico in the Permian Basin, according to a Federal Reserve Bank of Dallas analysis. Half of…

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Collapse of the natural gas system from wellhead to turbine fueled Texas’ blackout

Collapse of the natural gas system from wellhead to turbine fueled Texas’ blackout

Energize Weekly, February 24, 2021 The near collapse of Texas’ electric grid was caused in the main by a failure of the natural gas system from the wellhead to pipeline to gas turbine, according to an analysis by the International Energy Agency (IEA). “Texas has a power shortage because it…

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European oil companies changing names and shifting their focus to alternative energy

European oil companies changing names and shifting their focus to alternative energy

Energize Weekly, February 17, 2021 European oil companies are continuing their push to reorient and rebrand themselves as comprehensive energy companies and not just producers of oil and natural gas. On Feb. 9, French oil company Total announced it was changing its name to TotalEnergies to reflect a broader strategy…

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U.S. energy consumption will take years to rebound from pandemic, EIA says

U.S. energy consumption will take years to rebound from pandemic, EIA says

Energize Weekly, February 10, 2021 It will take years for U.S. energy consumption and carbon dioxide emissions to return to 2019 levels after the severe impact of the COVID-19 pandemic on the country’s economy and the global energy sector, according to the federal Energy Information Administration (EIA). Energy consumption in…

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Oil and gas merger activity rebounds in Q4, but a pandemic hangover lingers

Oil and gas merger activity rebounds in Q4, but a pandemic hangover lingers

Energize Weekly, January 20, 2021 After being hobbled by an economy and commodity prices weakened by the novel coronavirus pandemic, merger activity among oil and gas production companies rebounded in the second half of 2020, according to Enverus, an industry analytics firm. Total activity for 2020 was $52 billion, powered…

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Oil and gas activity rebounds in the Permian Basin but economic pressure persists

Oil and gas activity rebounds in the Permian Basin but economic pressure persists

Energize Weekly, January 13, 2021 After a punishing year, oil and gas activity in a swatch of oil county from Louisiana through Texas to New Mexico rebounded in the fourth quarter of 2020, according to a survey by Dallas Federal Reserve Bank. The bank queried oil company executives in its…

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Gas flaring is a problem from Texas’ Permian Basin to Russia’s Siberian oil fields

Gas flaring is a problem from Texas’ Permian Basin to Russia’s Siberian oil fields

Energize Weekly, January 6, 2021 The U.S set a record for flaring of gas at well sites in 2019 and was part of a global pollution problem created by a handful of oil-producing countries, according to two energy agencies. An average of 1.48 billion cubic feet of gas was vented…

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Colorado adopts sweeping oil and gas rules, banning flaring, creating a 2,000-foot setback

Colorado adopts sweeping oil and gas rules, banning flaring, creating a 2,000-foot setback

Energize Weekly, December 2, 2020 Colorado has adopted the strongest oil and gas regulations in the country and reoriented its oversight agency from “fostering” oil and gas development to “regulating” the industry to protect public health, safety, the environment and wildlife. After more than a year of hearings and negotiations,…

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Voters weigh in on local and state energy issues from renewable energy to oil and gas taxes

Voters weigh in on local and state energy issues from renewable energy to oil and gas taxes

Energize Weekly, November 11, 2020 Election returns on state and local energy issues were both literally and figuratively all over the map last week on issues ranging from renewable energy to oil and gas taxes. Voters in Alaska rejected a tax on oil operations while the industry was denied a…

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Weak oil and gas markets forcing mergers and bankruptcies among shale operators

Weak oil and gas markets forcing mergers and bankruptcies among shale operators

Energize Weekly, November 4, 2020 After weak third quarter in 2020 for oil and gas industry mergers and acquisition, one of the worst in 10 years, the fourth quarter opened with a string of big deals – a sign that the sector remains under pressure to consolidate, according to analysts.…

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