Best of the Rest

NATIONAL: USA lease sale cancellation leaves industry in limbo; Stronger U.S. dollar contributes to higher crude oil prices; Paul Ryan-led SPAC in $1.3B deal to create lower 48 E&P; Billionaire John Arnold backing energy-focused credit fund; Hot summer could push doubled natural gas prices even higher; Democrat Big Oil ‘price-gouging’ bills advance in Congress; INTERNATIONAL: PGNiG pens agreement with Sempra for 3Mtpa of LNG; European storage filling quickly as natural gas floods continent.
Read More “Other Stories of Interest: Wed, May 18, 2022”

OTHER U.S. REGIONS: Tellurian hires former McDermott COO; Tennessee plans to boycott banks, financial institutions that divest from fossil fuels; NATIONAL: The US cannot make enough fuel; Shale pioneer Harold Hamm slams Biden’s “failed” energy policies; House Democrats’ gas price gouging bill panned as ‘socialism’; INTERNATIONAL: Oil rallies to March highs as fuel markets intensify.
Read More “Other Stories of Interest: Tue, May 17, 2022”

MARCELLUS/UTICA REGION: Shale Academy shows off career options; OTHER U.S. REGIONS: Vermont becomes latest blue state to reject natural gas building restrictions; NATIONAL: Does Biden want higher gas prices?; Surging natural gas prices squeeze U.S. industrial sector; INTERNATIONAL: Aramco overtakes Apple.
Read More “Other Stories of Interest: Mon, May 16, 2022”

MARCELLUS/UTICA REGION: Oil, gas education program recognized for excellence; OTHER U.S. REGIONS: ExxonMobil books 2 MTPA of LNG from Venture Global; NATIONAL: US weekly LNG exports decrease by four LNGCs; Natural gas consumed by U.S. electric power sector sets January record in 2022; Democrats are playing politics on oil and gas prices; Environmental group targets Biden energy diplomat over ties to gas industry; INTERNATIONAL: Historic price spikes lead to record LNG imports into Europe.
Read More “Other Stories of Interest: Fri, May 13, 2022”

MARCELLUS/UTICA REGION: New York leads America off a renewable-energy cliff; OTHER U.S. REGIONS: Biden administration cancels Alaska oil and gas lease sale; NATIONAL: More oil production would hurt shareholders, Occidental CEO says; INTERNATIONAL: Germany unveils bill to accelerate the use of LNG; Insufficient investment to blame for high fuel prices.
Read More “Other Stories of Interest: Thu, May 12, 2022”

NATIONAL: USA OFS jobs on the rise; USA gasoline price hits new record; U.S. ammonia prices rise in response to higher intl natgas prices; The Biden administration’s aimless energy policy is gambling with America’s economy; Republicans blast SEC climate rule, demand hearing; INTERNATIONAL: LNG supply crisis to hit hard this winter.
Read More “Other Stories of Interest: Wed, May 11, 2022”

MARCELLUS/UTICA REGION: Caterpillar Inc. purchases Pennsylvania energy service company; NATIONAL: Democrats split with Biden and push for quick offshore leasing program approval; INTERNATIONAL: Oil prices tumble as EU curtails proposed sanctions; Value of energy trade between the U.S. and Canada rose in 2021; India is shamefully buying LNG from Russia.
Read More “Other Stories of Interest: Tue, May 10, 2022”

MARCELLUS/UTICA REGION: American Energy announces Nicholas S. Haden as its CCO; NATIONAL: OPEC antitrust effort revived by USA Senate; U.S. shale swings from losses to record cash flows; Natural gas house of the year: Macquarie; INTERNATIONAL: Russia may completely redirect gas exports from Europe to Asia.
Read More “Other Stories of Interest: Mon, May 9, 2022”

MARCELLUS/UTICA REGION: NY gas drillers slam pipeline operator’s obstruction; NATIONAL: U.S. shale cash flow about to wipe out a decade worth of losses; US weekly LNG exports up by two LNG carriers; INTERNATIONAL: Equinor dishes out over $2 billion in oil drilling contracts; Germany ramps up capacity for LNG imports to replace Russian gas; Europe’s quest to replace Russian gas faces plenty of hurdles.
Read More “Other Stories of Interest: Fri, May 6, 2022”

NATIONAL: USA LNG deals surge; Why surging natural-gas prices haven’t sparked a drilling boom; INTERNATIONAL: OPEC fails to increase oil output.
Read More “Other Stories of Interest: Thu, May 5, 2022”

OTHER U.S. REGIONS: OTC is back in earnest, the surest sign of a renewed energy industry; NATIONAL: Shale producers face $42 billion in hedging losses; Chaotic markets re-emphasize the need for a balanced energy policy; U.S. gas production slows at the worst possible time; INTERNATIONAL: Shell expands solar portfolio with Sprng Energy buy; USA – EU energy security task force meets; Qatar reclaims crown from US as world’s top LNG exporter.
Read More “Other Stories of Interest: Wed, May 4, 2022”

MARCELLUS/UTICA REGION: Energy prices are going up, but so are the service providers’ costs to the shale industry; NATIONAL: The U.S. shale patch is facing a plethora of problems; Even woke cancel culture won’t help Democrats; INTERNATIONAL: As of 2021, China imports more liquefied natural gas than any other country; Oil is soaring. Will the majors stick with net zero?
Read More “Other Stories of Interest: Tue, May 3, 2022”

OTHER U.S. REGIONS: As natural gas prices hit 14-year high, shale awaits; NATIONAL: America’s energy answers are right at home; why look elsewhere?
Read More “Other Stories of Interest: Mon, May 2, 2022”

NATIONAL: US weekly LNG exports down by three LNGCs; Drilling rig prices are spiking in the U.S. shale patch; US natural gas storage climbs 40 Bcf to 1.49 Tcf as NYMEX future rally stalls; Golden LNG export opportunity comes with potential risks for shale; INTERNATIONAL: The oil and gas industry is booming despite net-zero ambitions.
Read More “Other Stories of Interest: Fri, Apr 29, 2022”

MARCELLUS/UTICA REGION: WV fossil fuel leaders acknowledge limits to support Europe via energy exports; OTHER U.S. REGIONS: Virginia Natural Gas incorporates aerial drones to inspect natural gas infrastructure; Connecticut utility regulators end state’s natural gas expansion plan launched in 2013; Energy Dept OKs expanded LNG exports from Texas, Louisiana; NATIONAL: Investors at 3 major banks defeat climate resolutions.
Read More “Other Stories of Interest: Thu, Apr 28, 2022”

OTHER U.S. REGIONS: Plans for New Fortress Energy Louisiana FLNG advance; NATIONAL: Peak oil might be just three years away, McKinsey says; INTERNATIONAL: Poland and Bulgaria say Russia is suspending their natural gas supplies; Plan to quickly wean Europe off Russian gas faces major hurdles.
Read More “Other Stories of Interest: Wed, Apr 27, 2022”