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  • Anti-Drilling/Fossil Fuel | Energy Services | Industrywide Issues | Iroquois Gas Transmission | New York | Pipelines | Regulation | Statewide NY

    NY DEC Attempting to Use Draft Reg to Block Iroquois Compressor

    April 9, 2024April 9, 2024

    The radicals who run the New York Dept. of Environmental Conservation (DEC) are gearing up to block the Iroquois Gas Transmission system from completing its Enhancement by Compression (ExC) project. ExC increases horsepower at three compression stations — two in New York and one in Connecticut — by an extra 125 MMcf/d, flowing more Marcellus/Utica gas into New York City and New England (see Despite Antis’ Best Efforts, More NatGas Coming to New England). The Federal Energy Regulatory Commission (FERC) approved the project back in 2022 (see Iroquois Gas Enhancement by Compression Project Approved by FERC). Since that time, the DEC has found ways to delay it (see NY DEC Intentionally Delays Permits for Iroquois Compressor Upgrades). And now the DEC is making noise about using a new DRAFT regulation (not even legally adopted yet) to reject ExC. This is pure corruption.
    Read More “NY DEC Attempting to Use Draft Reg to Block Iroquois Compressor”

  • ESG | Industrywide Issues | Regulation | Statewide WV | West Virginia

    WV Adds Citigroup, HSBC, TD Bank, Northern Trust to ESG Banned List

    April 9, 2024April 9, 2024

    In February, West Virginia State Treasurer Riley Moore sent notices to six financial institutions warning them of potential inclusion on the state’s Restricted Financial Institution List (can’t do business with the state) after his office made an initial determination that the institutions appear to be engaged in boycotts of fossil fuel companies as defined under state law (see WV Warns 6 More Banks They are in Danger of Blacklist re ESG). Four of the six, including the Chinese-owned HSBC, were just added to the list. It’s lights out for these four companies as far as doing business with the State of West Virginia.
    Read More “WV Adds Citigroup, HSBC, TD Bank, Northern Trust to ESG Banned List”

  • Energy Companies | Gulfport Energy | Industrywide Issues | M&A

    Experts Say Buyers “Starved” for Top-Tier NatGas Assets in M-U

    April 9, 2024April 9, 2024

    Hart Energy is know for its DUG events — Developing Unconventional Gas. In years gone by, Hart would host separate DUG events in their respective regions. This year is different. Hart combined the Marcellus/Utica (called Appalachia), which, of course, covers Pennsylvania, Ohio, and West Virginia, with the Haynesville, which covers northern Louisiana and East Texas. Both are the leading natural gas-focused plays in the country. This year’s combined event, called DUG Gas+, was held two weeks ago in Shreveport, LA. One of the interesting discussions coming from this year’s event was talk about buyers (and investors) being “starved” for top-tier natural gas assets, and that Appalachia could become a dealmaking hotspot in the coming years.
    Read More “Experts Say Buyers “Starved” for Top-Tier NatGas Assets in M-U”

  • CNG/LNG | Economic Impact | Exporting | Industrywide Issues | Jobs | Pennsylvania | Statewide PA

    Pennsylvania House Hears How Biden LNG Pause Hurting Pa. Workers

    April 9, 2024April 9, 2024

    Yesterday, the Pennsylvania House Republican Policy Committee held a hearing called “Fueling Pa’s Future: Liquid Natural Gas.” In January, Joe Biden announced he would “pause” any approvals for new LNG export plants (currently 17 requests in the pipeline) for at least one year while his people fart around pretending to figure out how to measure global warming as a new consideration for whether or not to approve projects (see White House Makes it Official – Biden Declares War on LNG Exports). One of the projects put on pause is a $6.4 billion LNG export terminal planned for Delaware County, PA (near Philadelphia).
    Read More “Pennsylvania House Hears How Biden LNG Pause Hurting Pa. Workers”

  • Electrical Generation | Industrywide Issues | Research

    Electric Grid Study Finds NatGas Best for Reliability, Environment

    April 9, 2024April 9, 2024

    A joint report from Northwood University’s McNair Center for the Advancement of Free Enterprise and Entrepreneurship and the Mackinac Center for Public Policy ranks eight key energy industry sectors based on their ability to meet the growing demand for affordable, reliable, and clean electricity generation. The sectors ranked were natural gas, coal, petroleum, nuclear, hydroelectric, wind, solar, and geothermal. Only one electricity source scored an “A” on the report card — natural gas. Solar and wind both flunked, receiving an “F.”
    Read More “Electric Grid Study Finds NatGas Best for Reliability, Environment”

  • Commodity Price | Industrywide Issues

    The Current NatGas Glut Driving Down Prices Won’t Last Long

    April 9, 2024April 9, 2024

    We are currently mired in some of the lowest prices for natural gas in the last 27 years (see Henry Hub Spot Price Hit Lowest “Real” Level in 27 Yrs in February). But take heart. It won’t last! According to an energy writer publishing on OilPrice.com, the gas glut (oversupply) we are experiencing right now, which is leading to low prices, won’t last “for long.” Her lips to God’s ears, right?
    Read More “The Current NatGas Glut Driving Down Prices Won’t Last Long”

  • Hydrogen | Industrywide Issues

    Which Industry Uses the Most Hydrogen? The Answer Will Shock Antis

    April 9, 2024April 9, 2024

    Depending on who you talk to, hydrogen energy will either save the world or isn’t a big deal at all. When hydrogen burns, it’s completely “clean” — meaning it doesn’t emit any carbon dioxide. Hydrogen, when burned, creates water. What could be more clean and pure and holy than hydrogen energy? Yet the 800-pound gorilla in the room is that there isn’t a market for all of the new hydrogen scheduled to come online if the so-called regional hydrogen hubs being funded by Joementia actually take off. If you produce it (more hydrogen), they will come (and buy it)? That’s what Joe and the climate hucksters are saying. Here’s a better idea: Let’s look at who uses hydrogen the most now and why. And would they use more hydrogen if it was available at a reasonable cost?
    Read More “Which Industry Uses the Most Hydrogen? The Answer Will Shock Antis”

  • Best of the Rest

    Other Stories of Interest: Tue, Apr 9, 2024

    April 9, 2024April 9, 2024

    OTHER U.S. REGIONS: Energy Transfer files for regulator review in pipeline spat; NATIONAL: Despite $90 crude, US oil output capped by weak natgas prices; Municipalization of Rochester Gas and Electric is wrong for consumers; Why another drawdown of America’s oil reserve could happen; Dimon calls push to stop all oil and gas enormously naïve; Improvement in job availability signals positive trend in energy sector; INTERNATIONAL: Time to stop doing business with Zurich Insurance; More Russian LNG being exported to Europe than Asia.
    Read More “Other Stories of Interest: Tue, Apr 9, 2024”

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