Best of the Rest

MARCELLUS/UTICA REGION: Hindering natural gas development could hurt the economic recovery from COVID-19; Newly formed GO-West Virginia organization prepares for legislative session, Biden administration; NATIONAL: EIA’s liquids pipeline database shows infrastructure changes and project statuses; Amazon orders hundreds of trucks that run on natural gas; Frigid weather blasting into propane country – markets brace for supply disruptions; Biden’s ‘green energy jobs’ really means ‘no energy jobs’ and ‘low-paying energy jobs’; John Kerry took private jet to Iceland for environmental award; INTERNATIONAL: A gas-based economy is what India needs today: PM Narendra Modi; The outlook for LNG as a marine fuel.
Read More “Other Stories of Interest: Mon, Feb 8, 2021”

NATIONAL: Will clean shale push repel Biden climate attack?; EPA nixes Trump-era objection to Sierra Club-DTE energy deal; “Hydrogen Forward” Coalition formed to advance hydrogen in the U.S.; Independent producers meet with Chairman Manchin; INTERNATIONAL: How fossil fuels are being used to reduce carbon dioxide emissions.
Read More “Other Stories of Interest: Fri, Feb 5, 2021”

MARCELLUS/UTICA REGION: Off to the RACES: Natural gas equities lapping FAANG stocks; Severance tax would hobble energy production in Pennsylvania; Pipeline delays hurt Pennsylvania economy; NATIONAL: DOE Secretary Designate Granholm signals support for U.S. LNG exports; Biden’s EPA nominee vows ‘urgency’ on climate change; New FERC member backs up-front, ‘robust’ vetting in gas project reviews; Biden plan for energy sector would make OPEC great again; INTERNATIONAL: Panama Canal hits LNG transit record.
Read More “Other Stories of Interest: Thu, Feb 4, 2021”

MARCELLUS/UTICA REGION: Epsilon Energy Ltd. announces changes to the board of directors; OTHER U.S. REGIONS: TVA proposes to build new gas plants at shuttered coal sites; NATIONAL: ExxonMobil caps year from hell with $22 billion loss, as activists demand big change; Biden’s Keystone XL order hurts America’s ability to do the big things; Global energy & infrastructure leader K.W. Miller slams Biden agenda to destroy U.S. energy and industrial output.
Read More “Other Stories of Interest: Wed, Feb 3, 2021”

MARCELLUS/UTICA REGION: Natural gas production far exceeded consumption in West Virginia in 2019; Struzzi to Wolf: enough is enough (re severance tax); Industry says Gov. Wolf should attack COVID, not Pennsylvania’s energy producers; OTHER U.S. REGIONS: Seattle City Council passes measure to end most natural gas use in commercial buildings and some apartments; Exelon threatens to mothball four nuclear power plants unless paid a premium for their zero-carbon electricity; NATIONAL: The seven elements of our odious American oligarchy; U.S. shale: Biden’s drilling ban actually undermines emission targets; Oil companies push ‘clean shale’ amid Biden’s moves on fossil fuels; Wintry weather lifts natural-gas prices; Exxon Mobil, Chevron CEOs discussed merger; INTERNATIONAL: Shell, C3 AI, Baker Hughes, and Microsoft launch the Open AI Energy Initiative; How fossil fuels are saving lives in developing countries.
Read More “Other Stories of Interest: Tue, Feb 2, 2021”

MARCELLUS/UTICA REGION: W.Va.’s Manchin: Market will settle debate over fossil fuels, climate change, renewable energy; De Blasio moves to ban natural gas hookups: ‘Literally’ our ‘only choice is renewable energy’; NATIONAL: U.S. shale ponders the unexpected: what to do with coming cash windfall?; Joe Biden goes to war with oil, and will lose; Lawsuit argues Biden’s executive order conflicts with existing laws; Tribes exempt from pause in U.S. federal drilling program; Mineral and royalty valuations remain low amid recent oil price gains; Biden revokes oil drilling permits for additional review; INTERNATIONAL: EIA estimates that global petroleum liquids consumption dropped 9% in 2020; Fossil fuel transition: Expect oil price spikes as capital investment declines; China CO2 Pledge (video).
Read More “Other Stories of Interest: Mon, Feb 1, 2021”

MARCELLUS/UTICA REGION: Pain of natural gas price drop spreads to Pa. agencies, communities; NATIONAL: General Motors to go all-electric by 2035; Biden makes it OK for banks to discriminate against fossil fuel companies; US natural gas in storage falls less than expected but massive draw looms; Biden administration sued for halting oil, gas leasing on federal lands; INTERNATIONAL: Global natural gas demand set to rebound after pandemic shock; Gas tycoon Charif Souki urges industry to clean up under Biden; Crude prices could surge to $80/bl in 2021.
Read More “Other Stories of Interest: Fri, Jan 29, 2021”

MARCELLUS/UTICA REGION: Energy industry terms Biden lease moratorium a blow to Pennsylvania; NATIONAL: Like fracking under Obama, mining poised to grow during Biden years; Laid-off Keystone XL worker says decision to cancel pipeline ‘is going to hurt a lot of people’; Top technologies transforming energy in 2021; Biden’s “climate day” will live in infamy.
Read More “Other Stories of Interest: Thu, Jan 28, 2021”

MARCELLUS/UTICA REGION: Pennsylvania’s energy industry share thoughts on Biden’s new policies; OTHER U.S. REGIONS: Denver aims to ban natural gas from the menu of energy options for new homes and buildings; Biden federal land permitting moratorium shocks New Mexico; Utilities warn natural gas ban will raise rates, threaten grid; NATIONAL: Energy lenders optimistic on continued oil, gas recovery; U.S. gas market tightens despite mild winter; U.S. propane prices spike, then ricochet. What’s next in 2021?; Oil companies could make millions if required to capture natural gas; AEA’s top ten questions for Jennifer Granholm; INTERNATIONAL: Why Gazprom cut gas supply to Europe amid rising prices; Alberta premier calls Biden’s XL cancellation a ‘gut punch’ for U.S.-Canada trade relationship.
Read More “Other Stories of Interest: Wed, Jan 27, 2021”

MARCELLUS/UTICA REGION: Biden environmental moves show tension between WV enviro advocates and congressional leaders; OTHER U.S. REGIONS: Gov. Inslee wants all homes converted to electric heat and water by 2050; DTE Energy launches program allowing customers to reduce their carbon footprint; NATIONAL: President Biden follows through on his promise (implications on energy markets going forward).
Read More “Other Stories of Interest: Tue, Jan 26, 2021”

MARCELLUS/UTICA REGION: Consistency needed in pipeline permitting process; OTHER U.S. REGIONS: Elon Musk’s SpaceX reportedly plans to drill near a Texas launchpad for natural gas; New Mexico officials taken aback by Biden assault on oil and gas; NATIONAL: Biden admin acknowledges suspending new federal permits is only the beginning; Biden fracking policy and why exposed E&Ps do not care; Biden’s fossil-fuel freeze; In 2019, oil and lease condensate proved reserves were flat; natural gas reserves declined; A mild winter continues low U.S. natural gas prices; Biden’s fiscal and climate priorities may support oil prices, says Goldman Sachs; Energy sector predictions for 2021; INTERNATIONAL: BP launches direct sales of LNG in China; Oilfield service companies see drilling rebound everywhere but the U.S.
Read More “Other Stories of Interest: Mon, Jan 25, 2021”

MARCELLUS/UTICA REGION: Change at White House could mean change on future of fossil fuels in West Virginia; OTHER U.S. REGIONS: Regulators deny permit for $2B methanol project in Washington; NATIONAL: EIA expects crude oil prices to average near $50 per barrel through 2022; Biden announces senior Dept. of Energy staff; Exelon applauds Biden Executive Orders on climate change, Paris treaty; On his first day, Biden insults Canada and ends thousands of jobs; Biden administration pauses federal drilling program in climate push; Temporary halt to oil leasing on federal lands: bad for America’s consumers and econ recovery; INTERNATIONAL: European Parliament reiterates call for Nord Stream 2 gas link to be halted; How TTF became a premier natural gas trading hub and global benchmark.
Read More “Other Stories of Interest: Fri, Jan 22, 2021”

NATIONAL: Kinder Morgan beats estimates, flags concerns on spending by shale producers; Biden nixes Keystone XL permit, halts Arctic refuge leasing; From Keystone XL to Paris Agreement, Joe Biden signals a shift away from fossil fuels; TC Energy disappointed with expected Executive Action revoking Keystone XL Presidential Permit; Earth to Joe Biden: canceling Keystone XL Pipeline is a gift to China and Russia; Court decision lets Biden set new emissions rules to meet Paris agreement climate goals.
Read More “Other Stories of Interest: Thu, Jan 21, 2021”

MARCELLUS/UTICA REGION: PA House reintroduces bill to limit regs as part of 2021 environmental agenda; NATIONAL: Largest single shipment of ethane heads to China after loading at US export facility; President Biden has limited flexibility in moving against oil industry; Validere and Xpansiv partner to attach ESG attributes to energy products; Fossil fuels’ place in a low-carbon future; INTERNATIONAL: U.S. imposes sanctions on vessel set to work on Nord Stream 2 pipeline; Canada pushes back on Biden plan to cancel Keystone XL.
Read More “Other Stories of Interest: Wed, Jan 20, 2021”

MARCELLUS/UTICA REGION: Utica Shale Academy receives new industrial maintenance equipment; OTHER U.S. REGIONS: California blackouts said caused by poor planning, under-used natural gas supply; NATIONAL: U.S. shale producers lock in future sales as oil prices rise to one-year high; Keystone XL commits to become first pipeline to be fully powered by renewable energy; Keystone pipeline: Biden ‘to cancel it on his first day’; U.S. LNG exports, average prices climb in November; Fossil fuel production expected to increase through 2022 but remain below 2019 peak; Global oil, gas workforce facing ‘crisis of confidence’ in wake of COVID-19; INTERNATIONAL: Rolls-Royce engines picked for world’s first LNG-hybrid tug; IEA calls for ‘urgent’ action to cut methane emissions from oil, gas sector; France’s Total quits top U.S. oil lobby in climate split.
Read More “Other Stories of Interest: Tue, Jan 19, 2021”

MARCELLUS/UTICA REGION: Corning Natural Gas to be acquired by Argo Infrastructure Partners for $150 million; NATIONAL: EIA expects higher wholesale U.S. natural gas prices in 2021 and 2022; API looking for common ground to preserve U.S. energy dominance as Dems take control; The future of work in oil, gas and chemicals; Third of oil and gas workers faced pay cut in 2020 due to pandemic; INTERNATIONAL: The Biden administration and energy Part II – international relations; NFE to acquire Hygo Energy Transition and Golar LNG Partners in Combined $5 billion transaction; NFE to acquire power purchase agreements and build LNG-to-power project at Suape Port in Brazil.
Read More “Other Stories of Interest: Thu, Jan 14, 2021”