New Fortress Energy Exits Restructuring; What Now for Wyalusing?
Back in March, MDN told you that New Fortress Energy (NFE) had entered a voluntary UK Restructuring Plan — the British cousin of a U.S. prepackaged bankruptcy (see New Fortress Energy Enters UK Equivalent of Prepackaged Bankruptcy). Six months later, it’s done. NFE announced last Friday that the restructuring is complete, the Brazilian business has been cut loose, and roughly $5.7 billion of debt has been wiped off the books. The company that walks out the other side is a much smaller animal than the one that walked in. And here’s the part that ought to interest Marcellus watchers: when CEO Wes Edens listed off what “New NFE” actually owns now, Pennsylvania didn’t make the list. Read More “New Fortress Energy Exits Restructuring; What Now for Wyalusing?”
Pittsburgh-based Alcoa says it’s “very close” to selling its shuttered Massena East aluminum smelter in New York’s North Country to a data center developer. Here’s the part that other reporting left out: the buyer has been sitting on that site since 2017, wants to build a 635-megawatt (MW) computing campus there — and Gov. Kathy Hochul froze the whole thing two months ago with her data center moratorium (see 
National Fuel Gas Company (NYSE: NFG) released its 2025 Corporate Responsibility Report last Wednesday, and the most newsworthy part never made the press release. Buried on page 22 — and repeated on page 25 — is NFG’s announcement that it has discontinued its consolidated absolute greenhouse gas emissions reduction target. The company is keeping its segment-level methane intensity targets and will keep publishing absolute emissions numbers. But the corporate-wide “cut total tons” pledge is gone. 
The streak is over. After three straight reports at 588, the national rig count finally moved, adding three to reach 591. Oil rigs went up. Gas rigs went up. And here at home? Nothing. The Marcellus/Utica sat at 33 for a second consecutive week, which is what “unchanged” looks like when you’re already at your lowest number in two years. Meanwhile WTI crossed $100 a barrel and our gas slid to $2.83. Read those two numbers together and you’ve got the whole week. 
Energy Transfer, one of the biggest midstream players in the country and a familiar name to Marcellus/Utica landowners thanks to the Revolution and Mariner East systems, announced last week that it is pulling its primary stock listing off the New York Stock Exchange and moving it to the brand-new Texas Stock Exchange (TXSE) in Dallas. Three affiliated companies are going with it. Together the four represent close to $100 billion in market value — the largest chunk of listing business the NYSE has ever lost to a startup rival. Before you declare the end of Wall Street, though, there’s an asterisk the size of Texas attached to this one. 
OTHER U.S. REGIONS: Venture Global and China gas announce new long-term LNG agreement; Baker Hughes and Venture Global advance next phase of U.S. gas infrastructure growth; NATIONAL: U.S. natural gas futures end week with losses; USA diesel hits $6 per gallon for first time ever; ExxonMobil executive sees US accounting for 30% of global LNG market by 2030; INTERNATIONAL: Oil posts biggest weekly gain since July; What if the assumptions embedded in the oil curve are wrong?; Ireland ‘seriously considering’ importing fracked US gas for LNG reserve in Clare.