MARCELLUS/UTICA REGION: Manchin, McConnell huddle on Senate floor amid Biden spending battle; NATIONAL: WTI futures back on rise again; INTERNATIONAL: Oil demand is soaring; Activist investor is calling for a breakup of Royal Dutch Shell; LNG demand to rise 25-50% by 2030: Morgan Stanley.
Read More “Other Stories of Interest: Fri, Oct 29, 2021”
NATIONAL: National tax on natural gas would be an issue for all Americans; U.S. consumers expected to spend more for heating oil this upcoming winter; Upcoming chill sends November natural gas up to $6.20 at expiration; ‘King Coal’ roars back; INTERNATIONAL: ‘Save your species’: UN uses dinosaur in fossil fuel message; OPEC+ comfortable with rising price trend; Putin signals additional natural gas may be bound for Europe.
Read More “Other Stories of Interest: Thu, Oct 28, 2021”
MARCELLUS/UTICA REGION: Gov. Murphy will eliminate natural gas in NJ; OTHER U.S. REGIONS: Texas upstream employment rises; NATIONAL: Raymond James sees more upside for natgas prices in 2022, raises projections; Third-quarter profits to sparkle for shale producers without hedges; Are we headed for $100 crude oil? And then what?; Oil billionaire schools Biden on gas prices: ‘It’s all about economics 101’; INTERNATIONAL: Energy squeeze will trigger unrest; Big Oil about to post highest cash flow in 13+ years.
Read More “Other Stories of Interest: Wed, Oct 27, 2021”
MARCELLUS/UTICA REGION: Spending in Pennsylvania’s high court race blows past $5M; INTERNATIONAL: Russia close to using natural gas as weapon in Europe’s gas crunch.
Read More “Other Stories of Interest: Tue, Oct 26, 2021”
MARCELLUS/UTICA REGION: Washington, hands off our natural gas; Sen. Manchin is right to support natural gas efforts; Celebration held for group protesting pipeline; NATIONAL: WTI completes ninth consecutive weekly gain; U.S. stockpiles in Cushing reaching historically worrying levels; The U.S. is turning green. What will this climate plan cost and who will pay?; Rising U.S. natural gas prices aren’t just a supply issue but a policy one; U.S. consumers likely to pay more for propane heating during the upcoming winter; Wall Street projects a “higher for longer” era for oil prices; Europe’s energy nightmare doesn’t have to be duplicated here; The U.S. oil supply is still out of balance.
Read More “Other Stories of Interest: Mon, Oct 25, 2021”
NATIONAL: EIA projects that energy-related carbon dioxide emissions will rise over the next 30 years; Precision Drilling CEO bullish on improving oil, natural gas activity; Air Products’ plan to make hydrogen so blue it’s almost green; When will oil prices peak? Traders and analysts rethink their forecasts; INTERNATIONAL: JERA isn’t jumping at fixed-price LNG contracts as volatility spurs deal-making.
Read More “Other Stories of Interest: Fri, Oct 22, 2021”
MARCELLUS/UTICA REGION: Best Lawyers in America names WV oil and gas lawyer Allison Farrell to 2022 list; OTHER U.S. REGIONS: Enbridge briefly shut Line 5 after protesters tampered with pipeline; NATIONAL: E&Ps start hoarding cash from rapidly rising inflows; Why bad climate legislation is worse than no climate legislation; INTERNATIONAL: Saudi Arabia believes OPEC+ can’t decrease natural gas prices; EIA projects non-OECD Asia to become the largest importers of natural gas by 2050.
Read More “Other Stories of Interest: Thu, Oct 21, 2021”
MARCELLUS/UTICA REGION: Biden taking social services, climate pitch to Pennsylvania; New ‘Joe Biden highway’ in Pa. defaced by vulgar graffiti: ‘We can do better’; Natural gas saves Pa. residents thousands; OTHER U.S. REGIONS: Drilling and completion improvements support Permian Basin hydrocarbon production; NATIONAL: Energy crisis makes multi-year contracts fashionable again; Banks loosen purse strings for shale drillers amid oil rally; Energy crisis 2021: How bad is it, and how long will it last?; Energy crisis threatens return of 1970s inflation; INTERNATIONAL: Study: Fossil fuel plans would far overshoot climate goals.
Read More “Other Stories of Interest: Wed, Oct 20, 2021”
NATIONAL: Annual U.S. coal-fired electricity generation will increase for the first time since 2014; INTERNATIONAL: Energy crisis chatter to accelerate; OPEC+ fails to meet production target; Russia decides not to increase natural gas shipments to Europe; China looks to lock in U.S. liquefied natural gas in energy crunch.
Read More “Other Stories of Interest: Tue, Oct 19, 2021”
OTHER U.S. REGIONS: California scrambles to find electricity to offset plant closures; NATIONAL: Biden’s power over energy; The climate mob is coming for LNG exports; ‘Crazy’ bets on $200 oil invade the options market; INTERNATIONAL: Energy crisis: fossil fuel investment drops, renewables aren’t ready; The global energy crisis has 4 possible paths through early 2022.
Read More “Other Stories of Interest: Mon, Oct 18, 2021”
MARCELLUS/UTICA REGION: DEP reg requires 22% of car sales in PA zero emission in 2025; Marcellus cools off in 3Q shale M&A; Man sentenced for damaging Greene County natural gas drilling site; NATIONAL: Jim Cramer thinks Tellurian is a great speculative play; US weekly LNG exports fall from last week; As gasoline prices surge, Biden admin shifts blame to ‘anticompetitive practices’; INTERNATIONAL: Europe’s self-inflicted energy crisis.
Read More “Other Stories of Interest: Fri, Oct 15, 2021”
MARCELLUS/UTICA REGION: Commissioners approve natural gas pipeline extension; NATIONAL: USA consumers to pay more for energy this winter; Totalitarianism ascends as civil society withers on the vine; The U.S. shale industry desperately needs to drill; INTERNATIONAL: IEA says anti-gas climate policies didn’t cause Europe’s gas crisis; Putin: US partly to blame for European gas shortages.
Read More “Other Stories of Interest: Thu, Oct 14, 2021”
MARCELLUS/UTICA REGION: Pennsylvania attorney general jumps into ’22 governor’s race; OTHER U.S. REGIONS: Cheniere and ENN Natural Gas sign long-term LNG sale and purchase agreement; Climate activists chain themselves to boat at Gov. Baker’s house; NATIONAL: November natural gas futures bounce back even as forecast weather demand eases; INTERNATIONAL: Europe’s attempt to switch to renewable energy has been ‘management by chaos’.
Read More “Other Stories of Interest: Wed, Oct 13, 2021”
OTHER U.S. REGIONS: Permian shale oil is booming again; California law to eventually ban gas-powered lawn equipment; NATIONAL: Oil bull continues run with WTI closing above $80; Citi says oil may climb to $90; INTERNATIONAL: Are algorithms to blame for Europe’s natural gas crisis?; Did Putin pop the global natgas bubble, or give Europe a last chance to stock up?
Read More “Other Stories of Interest: Tue, Oct 12, 2021”
MARCELLUS/UTICA REGION: Energy Transfer says Penn. Access refined products pipe is complete; NATIONAL: Wrightstone: No climate crisis, no need for $3.5 trillion; Commonwealth LNG in late-stage talks with customers for US project; US weekly LNG exports grow week over week; US shale discipline a win for shareholders, a loss for motorists; How big a role will hydrogen play in transportation?; INTERNATIONAL: Oil market needs $500B+ injection to ensure supply; Russia says Berlin could ease natural gas crisis by approving Nord Stream 2.
Read More “Other Stories of Interest: Fri, Oct 8, 2021”
OTHER U.S. REGIONS: Hull Street Energy buys Connecticut natural gas-fired plant; NATIONAL: USA shale cos to see minimal expansion despite rally; DOE invests $45M to decarbonize natgas power and industrial sectors; Henry Hub physical flows hit 13-year highs amid rising LNG exports; Solar and wind alone can’t meet growing power demand; INTERNATIONAL: Aramco fights Apple for most valuable company prize.
Read More “Other Stories of Interest: Thu, Oct 7, 2021”