MARCELLUS/UTICA REGION: NYC hates nuclear power and natural gas – now they have to turn off their air conditioners; NATIONAL: US weekly LNG exports and Henry Hub price rise; Shadow lenders take over in the U.S. shale patch; Video: China, Universities & Climate Change; INTERNATIONAL: Oil prices end trading day above $75; Global natural gas benchmarks to rise through 2023 amid supply deficit.
Read More “Other Stories of Interest: Fri, Jul 2, 2021”
MARCELLUS/UTICA REGION: Trucking opportunities get a boost with Cabot funding; Ohio Oil, Gas Association honors Don and Gene Huck; Finish the MVP – it helps Franklin County; OTHER U.S. REGIONS: Natural gas to gasoline; NATIONAL: Biden admin fights another Canadian oil export pipeline; Two former energy secretaries say foreign demand for U.S. LNG “simply astounding”; Natural gas markets running out of steam?; INTERNATIONAL: Exxon faces embarrassing lobbyist comments in leaked video.
Read More “Other Stories of Interest: Thu, Jul 1, 2021”
MARCELLUS/UTICA REGION: Shale Academy preparing for upcoming school year; OTHER U.S. REGIONS: Driftwood LNG enters into long-term lease with Lake Charles; Tellurian weighs ‘business combination’ to aid upstream plan tied to Driftwood LNG; Texas upstream employment continuing to rise, with job count up sharply; New Mexico becomes No. 2 crude producer; NATIONAL: Former Texas driller shifts focus to plugging old wells; Biden-backed carbon border tax faces fight from developing world; SEC commissioner says exec. comp should be tied to ESG; Cummins to produce natural gas fuel delivery systems; INTERNATIONAL: Oil prices advance as OPEC+ deals with setback; Limited prospect of global LNG market softening in 2022.
Read More “Other Stories of Interest: Wed, Jun 30, 2021”
MARCELLUS/UTICA REGION: Naming names: FirstEnergy says it gave $20M to a dark money group; NATIONAL: USA oil refiners score Supreme Court victory; Thwarted Trump oil buy would have given Biden $6B; The case for a longer-term oil and gas bull market; Democrats in oil country worried by party’s natural-gas agenda; Supercritical CO2 for long-haul piping and enhanced oil recovery; Larger solar power plants increase local temperatures; INTERNATIONAL: BP looking to hydrogen expansion to ‘reinvent’ natural gas.
Read More “Other Stories of Interest: Tue, Jun 29, 2021”
MARCELLUS/UTICA REGION: Global Compression Services opens new facility to serve Marcellus shale market; OTHER U.S. REGIONS: Blackouts loom in California as electricity prices are ‘absolutely exploding’; NATIONAL: $70+ oil prompts concerns in oilfield services; Backfire…new Center for Climate Integrity poll undercuts own arguments; Congress approves restoration of Obama-era methane rules for oil, natural gas industry; Harold Hamm on us oil’s latest milestone moment; INTERNATIONAL: Phasing out coal will require Germany to build new gas plants.
Read More “Other Stories of Interest: Mon, Jun 28, 2021”
OTHER U.S. REGIONS: NC Gov. Cooper nominates former DEQ lobbyist Elizabeth Biser to lead agency; NATIONAL: U.S. ethane exports surge with additional export capacity and expanded tanker fleet; FERC establishes Office of Public Participation; INTERNATIONAL: China to use more natural gas in energy mix to 2035.
Read More “Other Stories of Interest: Fri, Jun 25, 2021”
MARCELLUS/UTICA REGION: Natural gas company donates $10K to food bank; OTHER U.S. REGIONS: Dallas Fed says E&P, OFS execs optimistic for higher Henry Hub, WTI prices; Exxon must face Massachusetts lawsuit alleging climate change deceit; NATIONAL: Oil prices finish higher amid overbought signs; Shale output flat despite 400% jump in frac crews; Mont Belvieu propane prices top $1 a gallon; how high will they need to go?; No plan ‘right now’ to permanently ban new oil and gas leasing, Haaland says; Climate policy by judicial decree; INTERNATIONAL: Power CEOs defend role for natgas in shift to climate-friendly grid; How Vladimir Putin uses natural gas to exert Russian influence and punish his enemies.
Read More “Other Stories of Interest: Thu, Jun 24, 2021”
MARCELLUS/UTICA REGION: Pipelines deliver the energy that powers Pennsylvania – and the U.S.; OTHER U.S. REGIONS: Is wider well spacing leading to better performance?; NATIONAL: Biden admin crackdown prompts refinery closure; INTERNATIONAL: BP to stick with oil and gas for decades, CEO says; European natural gas prices hit highest level in over a decade; Oil prices falter amid OPEC+ meeting rumors; China on top of the LNG market.
Read More “Other Stories of Interest: Wed, Jun 23, 2021”
MARCELLUS/UTICA REGION: Cimarex upgraded to Buy at BofA in spite of Cabot deal that ‘may not close’; Rice Acquisition IPO raises $345M; We must invest in pipeline infrastructure; NATIONAL: Court finds environmentalists’ challenge to Trump NEPA rule too early in process; Exxon Mobil to cut us workforce by up to 10% annually; INTERNATIONAL: Russian drillers rejoice as oil continues to rally.
Read More “Other Stories of Interest: Tue, Jun 22, 2021”
OTHER U.S. REGIONS: Altus Midstream finds way to thrive amid energy downturn; Big wind and big solar got $22 billion in subsidies in Texas; Maine becomes first state to order public fossil-fuel divestment; NATIONAL: Oil prices climb for fourth straight week; Hydrogen substitution for natural gas in turbines: Opportunities, issues, and challenges; Natural gas is now a punching bag but can it withstand the pummeling?; Senators press Interior Secretary Haaland on oil lease pause; INTERNATIONAL: Oil boom 2021: OPEC+ thinks U.S. Shale has been tamed for awhile; EIG-led group closes $12.4 billion deal to buy Aramco pipeline stake; OPEC secretary urges member countries to continue oil investments.
Read More “Other Stories of Interest: Mon, Jun 21, 2021”
MARCELLUS/UTICA REGION: ConEd looking to power New York City’s future with renewables; OTHER U.S. REGIONS: While claiming ‘environmental justice,’ pipeline protesters vandalize native-owned businesses; NATIONAL: U.S. dry natural gas production and rig count continue to grow from pandemic lows; Shale operators’ strict financial discipline is finally paying off; N. American oil service firms’ pricing and hiring on the upswing; It’s too late to avoid a major oil supply crisis; Satellites seek out methane leaks from pipelines, oil fields, landfills and farms.
Read More “Other Stories of Interest: Fri, Jun 18, 2021”
OTHER U.S. REGIONS: Wide-ranging NC energy bill would mean significant move to natural gas; NATIONAL: Study highlights shortcomings of ESG ratings; ESG momentum may influence oil, gas funding, midstream valuations; Natural gas ETFs surge on hot summer weather.
Read More “Other Stories of Interest: Thu, Jun 17, 2021”
OTHER U.S. REGIONS: Electricity and natural gas prices spike in California and Texas amid heat wave; INTERNATIONAL: Big Oil’s net-zero goal: myths and realities; Oil price rally for 2021 approaches 50%; Global fossil fuel share of energy mix similar to decade ago.
Read More “Other Stories of Interest: Wed, Jun 16, 2021”
MARCELLUS/UTICA REGION: Bradford Co. to receive 9.3M through Marcellus Shale impact fees; Senate committee eyes vote to shield natural gas from Ohio city bans; Encino Energy wins award from Eastern Ohio Development Alliance; NATIONAL: Hydrogen isn’t as clean as it seems; US natural gas futures hold near 7-month high; How COVID-19 reshaped the future of North American LNG projects; No place for pipelines or affordable energy under Biden’s plan; INTERNATIONAL: Gas is so scarce in Europe that coal is making a comeback.
Read More “Other Stories of Interest: Tue, Jun 15, 2021”
MARCELLUS/UTICA REGION: Shale academy continues work on new location; OTHER U.S. REGIONS: Shell weighs blockbuster sale of Texas shale assets; NATIONAL: Post-pandemic E&P cash allocation shifts to debt repayment, shareholder return; INTERNATIONAL: Baker Hughes and Air Products in hydrogen team up; EU energy ministers reach compromise deal over fossil gas funding.
Read More “Other Stories of Interest: Mon, Jun 14, 2021”
MARCELLUS/UTICA REGION: Coal plants in Maryland, Pennsylvania and Ohio to shut down; Sen. Yaw visits Shell petrochemical plant in Beaver County; OTHER U.S. REGIONS: Aethon Energy announces collaboration with Cheniere Energy on GHG emissions; NATIONAL: Oil prices get boost from inflation data; Why are they celebrating the Keystone XL cancellation?; New technology on display at the Shale Energy Conference and Tradeshow; Biden looks at financial rules to deprive oil of capital, shift country on climate.
Read More “Other Stories of Interest: Fri, Jun 11, 2021”