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…
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…
Oil and gas M&A deals down 50 percent to $14.8 billion quarter-over-quarter in Q1 2023 Energize Weekly, May 10, 2023 Oil and gas industry mergers and acquisitions (M&A) flagged in the first quarter of 2023 with a 35 percent drop in deals to 74 and the value halved to $14.8 billion compared to the last…
Standard Chartered Dubs Latest USA EIA Data Highly Bullish May 02, 2023 In a new report sent to Rigzone on April 28, analysts at Standard Chartered said the latest Energy Information Administration (EIA) weekly data was “highly bullish” according to the company’s U.S. oil data bull-bear index, which they said rose 47.7 week on week…
Pa.’s natural gas production curbed by capacity limits APR 25, 2023 Pennsylvania natural gas production fell by two percentage points in 2022 as pipelines run at full capacity and future development slows. Although the state maintains its number two status nationwide — just behind Texas — industry advocates say politics disconnect northern states from a…
North America Drops 38 Rigs March 28, 2023 North America dropped another 38 rigs week on week, according to Baker Hughes’ latest rotary rig count, which was released on March 24. The count showed that Canada decreased its rig figures by 42 week on week, while the U.S. added four rigs week on week. Canada’s…
Oil And Gas Firms Failed To Cut Back On Flaring In 2022 March 3, 2023 Despite bold promises from several oil and gas firms, many failed to reduce their natural gas flaring in 2022. With increasing pressure from environmental organisations and governments to reduce carbon emissions, will 2023 be any better? The International Energy Agency…
U.S. drillers cut the most oil and gas rigs in a month since June 2020 – Baker Hughes February 27, 2023 U.S. energy firms in February cut the most oil and natural gas rigs in a month since June 2020, with the gas rig count falling to the lowest since April, energy services firm Baker…
December weather led to 13% decline in North Dakota oil and gas production 02-16-23 North Dakota oil production fell 13% in December and fell below 1 million barrels per day for only the fourth month since early 2017. The sharp drop, however, was expected after the state was hit by bad weather in December. A…
U.S. shale oil and natgas output set to rise to record highs in March -EIA February 13, 2023 U.S. crude oil and natural gas production from the seven biggest shale basins is expected to rise to record highs in March, the U.S. Energy Information Administration (EIA) said in its monthly Drilling Productivity Report on Monday.…
Hydrogen is supplementing natural gas, but critics remain wary FEB 6, 2023 A public utility is experimenting with blending small amounts of carbon-free hydrogen into natural gas lines in some Minnesota homes, but critics argue the procedure remains largely an exercise in hot air. As first reported last week by Energy News Network, the Midwest’s…
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