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After Doc Review, Customers Asks FERC to Deny CP LNG Extra Time

Venture Global’s Calcasieu Pass LNG export facility received Federal Energy Regulatory Commission (FERC) authorization to place the final three liquefaction blocks (7-9) into service in November 2023 (see Venture Global Gets FERC OK to Commission 3 Calcasieu Pass Trains). The other trains, 1-6, have been online for over two years. However, the entire facility is not officially in commercial service, even though it has shipped over 200 cargoes! Venture Global claims it’s still working out the kinks. After reviewing confidential commissioning documents, Venture Global’s customers have asked FERC to deny a requested one-year time extension before the plant is fully commissioned. Read More “After Doc Review, Customers Asks FERC to Deny CP LNG Extra Time”

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Politically Correct BP Says World Taking Too Long to “Transition”

No, we’re not talking about transitioning from male to female and female to male, a mental disorder that’s celebrated in popular culture these days. We’re talking about the “other” transitioning — from using fossil fuels to…using nothing, because without fossil fuels, you get nothing when it comes to energy. The left pretends solar and wind energy can power the world, and it’s coming any day now. Except, as we pointed out yesterday, 81.5% of all energy used throughout the world in 2023 came from fossil fuels (see Statistical Review Finds Fossil Fuels Provide 81.5% of World Energy). To force humans away from using fossil fuels is to force a mass extinction event. But, because all of the cool kids claim the world is (or should be) transitioning away from fossil fuels, some, even in the oil and gas industry, play along. Like the fools at BP, formerly British Petroleum.
Read More “Politically Correct BP Says World Taking Too Long to “Transition””

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Statistical Review Finds Fossil Fuels Provide 81.5% of World Energy

For donkey’s years, BP (British Petroleum) published its annual Statistical Review of World Energy — since 1952. Last year BP said it would no longer publish it and instead turn it over to a Big Green advocacy group known as The Energy Institute (EI) to publish (see BP Dumps Annual Statistical Review – Energy Institute New Publisher). To its credit, EI’s freshman outing last year didn’t hide the news that fossil energy continued to be the main source of the world’s energy in 2022 (see Statistical Review Finds Fossil Fuels Provide 82% of All Energy). EI’s sophomore outing shows the same thing. In 2023, fossil energy use worldwide went down a half percentage point from 2022, to 81.5%. Hey lefties, what happened to solar and wind taking the energy world by storm, putting fossil fuels out of business any day now?
Read More “Statistical Review Finds Fossil Fuels Provide 81.5% of World Energy”

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FERC Orders Venture Global to Hand Over Documents to LNG Customers

Venture Global’s Calcasieu Pass LNG export facility received FERC authorization to place the final three liquefaction blocks (7-9) into service last fall (see Venture Global Gets FERC OK to Commission 3 Calcasieu Pass Trains). The other trains, 1-6, have been online for over two years. However, the entire facility is not officially in commercial service, even though it has shipped over 200 cargoes! Venture Global claims it’s still working out the kinks. Venture’s contracted customers are frustrated that they aren’t getting any of their contracted (price-guaranteed) shipments, so they sued last September (see Repsol Joins Shell, BP in Suing Venture Global for Missed LNG).
Read More “FERC Orders Venture Global to Hand Over Documents to LNG Customers”

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Venture Global Asks FERC for Another Year to Finish CP LNG

If this doesn’t take the cake. Venture Global has been screwing its contracted customers for more than two years by not officially christening its Calcasieu Pass LNG export facility in Louisiana as officially open for business (denying customers cargoes under contracted prices), yet during that time, Venture Global has exported (on the spot market) more than 250 LNG cargoes! It’s a sham, and everybody knows it! Venture Global got the Federal Energy Regulatory Commission (FERC) to extend the “must officially be open by date” for an extra year last year (expired Feb 21st of this year). And now, unbelievably, Venture Global wants FERC to extend it for ANOTHER year!
Read More “Venture Global Asks FERC for Another Year to Finish CP LNG”

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BP Asks FERC to Force Venture Global LNG to Release Documents

Venture Global’s Calcasieu Pass LNG export facility recently received Federal Energy Regulatory Committee (FERC) authorization to place the final three liquefaction blocks (7-9) into service (see Venture Global Gets FERC OK to Commission 3 Calcasieu Pass Trains). The other trains, 1-6, have been online for 18 months but are not officially in commercial service, even though the facility has now shipped over 200 cargoes! Venture Global claims it’s still working out the kinks. Venture’s contracted customers are frustrated that they aren’t getting any shipments and have sued (see Repsol Joins Shell, BP in Suing Venture Global for Missed LNG). Venture’s customers also asked the EU-US Task Force on Energy Security to get involved and force Venture Global to begin shipments to its contracted customers (see Europe Turns Up Pressure on Venture Global LNG for Not-Ready Farce). BP is turning up the heat even more, asking FERC to force Venture Global to share documents related to the ongoing delays.
Read More “BP Asks FERC to Force Venture Global LNG to Release Documents”

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Need a Great Job in O&G? Six Supermajors Hiring Right Now

Looking for a great job in the oil and gas industry? From apprentices and graduate opportunities to highly skilled professionals in IT and technology, sales and marketing, finance, upstream, and trading, bioenergy, EV charging, hydrogen… even so-called renewables and power — six oil and gas supermajors are hiring. They include BP, Shell, TotalEnergies, Chevron, ExxonMobil, and (yes, even our enemy) Saudi Aramco. They all want new employees. Find out more below.
Read More “Need a Great Job in O&G? Six Supermajors Hiring Right Now”

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Shell, Edison, BP File for Arbitration Against Venture Global LNG

There is trouble brewing along the Gulf Coast between Venture Global LNG and its biggest customers: BP, Shell, Edison International (an Italian utility company), Repsol, and GALP Energia (a Portuguese energy company). Venture Global is building the Calcasieu Pass LNG export facility in southwestern Louisiana’s Cameron Parish, less than 50 miles south of Lake Charles. While Venture Global is still working on completing Calcasieu Pass, it has, so far, shipped some 177 cargoes of LNG, much of that during the mega-high prices of last year when the Russia/Ukraine war was at its peak. Yet none of those cargoes went to the facility’s contracted customers, causing trouble.
Read More “Shell, Edison, BP File for Arbitration Against Venture Global LNG”

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Statistical Review Finds Fossil Fuels Provide 82% of All Energy

Earlier this year, British oil giant BP announced it would no longer publish its vaunted annual Statistical Review of World Energy, a publication it has issued each year since 1952 (see BP Dumps Annual Statistical Review – Energy Institute New Publisher). BP handed off the publication of the Statistical Review to a Big Green advocacy group known as The Energy Institute (EI). Earlier this week, EI released the first-ever post-BP edition. However, on the EI web page announcing the new edition, it says, “With the continuing support of bp.” Meaning BP still (at a minimum) pays for the report. And wonder of wonders, this edition reveals that in 2022, fossil fuels provided 82% of all energy used on Planet Earth–the same percentage as in 2021. It looks like renewable energy nirvana hasn’t arrived just yet!
Read More “Statistical Review Finds Fossil Fuels Provide 82% of All Energy”

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BP Dumps Annual Statistical Review – Energy Institute New Publisher

Looks like the rumors were true. Last December, we told you that oil giant BP (formerly British Petroleum) was considering axing its annual Statistical Review of World Energy publication, which the company has published since 1952. Why stop publishing it? Because being honest about the data was exposing the so-called transition to green energy as the hoax that it is (see BP Considers Axing Statistical Review – It Makes Greens Look Bad). BP, a European company, has (sadly) become politically correct and unable to speak the truth–at least in public. That truth is that oil and gas have been and will continue to be the dominant source of energy in the world for generations to come. So the company wanted to dump the publication. BP has found an “independent” third party to continue publishing it–The Energy Institute.
Read More “BP Dumps Annual Statistical Review – Energy Institute New Publisher”

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BP Energy Outlook 2023 – NatGas Demand & LNG Exports Growing

The mighty BP (formerly British Petroleum) is an oil and natural gas company trying to convert itself into a renewable energy company. We’d say they’re failing, big time. BP has gone screwy. It’s a European company and has bought into the false narrative that fossil energy is on the way out due to concerns over mythical global warming. In BP’s recently published Annual Energy Outlook for 2023 (full copy below), the company predicts (once again) that fossil energy is on the way out, but now it’s happening even faster than before because of (a) Putin’s war on Ukraine, forcing Europe to adopt unreliable renewables even quicker than before, and (b) Biden’s so-called Inflation Reduction Act, pouring billions into the effort to smash fossil energy and elevate electric-everything.
Read More “BP Energy Outlook 2023 – NatGas Demand & LNG Exports Growing”

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BP Considers Axing Statistical Review – It Makes Greens Look Bad

Each year oil and gas supermajor BP (formerly British Petroleum), one of the largest oil companies in the world, publishes an annual Statistical Review of World Energy. We typically bring you a copy with analysis, as we did for the 71st annual edition published in July of this year, covering 2021 (see BP Report: U.S. was #1 User of Both Oil & Natural Gas in 2021). In something of a shocker, Reuters recently reported that BP is “considering ending the publication of its Statistical Review of World Energy, over 70 years after it first published the benchmark report.”
Read More “BP Considers Axing Statistical Review – It Makes Greens Look Bad”

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Senate Democrats Attack Big Oil Again, Propose Huge New Taxes

What can we say? Once again, the Democrat Party is trying to demonize fossil fuels and is going after “Big Oil,” proposing insanely high new taxes on a handful of oil companies because, for a single year (2022), they have actually made some money. All money and profits belong to the government in the left’s twisted worldview. A cabal of seven Senators led by Sen. Robert Menendez from New Jersey has launched this latest attack against our industry.
Read More “Senate Democrats Attack Big Oil Again, Propose Huge New Taxes”

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New Jersey Sues Big Oil in Attempt to Shut Down Free Speech

The First Amendment of the U.S. Constitution says: “Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.” New Jersey is attempting to abridge the freedom of speech for Exxon Mobil, Shell Oil, Chevron, BP, ConocoPhillips, and the American Petroleum Institute (API). NJ has sued those entities claiming they knew that the products they manufacture and promote (oil and gas) have caused global warming and that these entities have lied, and continue to lie, about knowing. NJ wants to muzzle the right of the API and Exxon, et al., to freely defend themselves and stick up for fossil energy, claiming to do so endangers the public and harms the residents of NJ. It’s the most outlandish thing you’ve ever heard.
Read More “New Jersey Sues Big Oil in Attempt to Shut Down Free Speech”

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Rice Boys’ Paycheck for Selling Renewable Energy Co? $975 Million

The Rice Brothers: Derek, Toby, and Daniel (left to right) in November 2021. (Credit: Chris Crisman/The Forbes Collection)

Yesterday MDN brought you the news that the company created and backed by Dan Rice (and his brothers), called Archaea Energy, is selling itself to BP for $4.1 billion (see Dan Rice’s Renewable Energy Company Sells to BP for $4.1 Billion). Depending on the source you read (Bloomberg or Forbes), the Rice boys will pocket either $975 million or $720 million from the deal. Any way you slice it, it’s a LOT of money.
Read More “Rice Boys’ Paycheck for Selling Renewable Energy Co? $975 Million”

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Dan Rice’s Renewable Energy Company Sells to BP for $4.1 Billion

In December 2020, Dan Rice IV, former CEO of Rice Energy and a member of the EQT board of directors, launched a “blank check” acquisition firm, called Rice Acquisition Corp., to invest in various energy ventures. Dan found his something-to-invest-in just a few months later in the form of acquiring and merging together Archaea Energy and Aria Energy into a single company focused on providing renewable natural gas (RNG) and “green” hydrogen (see Dan Rice Bets $1 Billion that Landfill Gas is the Next Big Thing). With the merger done, the new company (using the Archaea Energy name) moved from Pittsburgh to Houston, Texas, earlier this year (see Dan Rice’s Renewable Energy SPAC Moving to Houston, TX). Dan’s big payday is finally here. BP announced yesterday that it is buying Archaea for $4.1 billion.
Read More “Dan Rice’s Renewable Energy Company Sells to BP for $4.1 Billion”