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Energy Transfer’s Lake Charles LNG Still Alive – Deal w/Chevron
Just as the pandemic began to unfold in early 2020, Shell pulled out of a 50/50 joint venture partnership with Energy Transfer (ET) to build a new LNG export facility in Lake Charles, Louisiana (see Shell Pulls Out of Lake Charles LNG Project, Energy Transfer Stays). Kind of a boneheaded move on Shell’s part, if you ask us. Since that time, ET has continued to build support for the project. ET still has not made a final investment decision (FID) to commit billions of dollars, but each year that goes back gets the company closer to an FID. Yesterday, ET announced a new customer for its LNG when/if the plant gets built: Chevron. Read More “Energy Transfer’s Lake Charles LNG Still Alive – Deal w/Chevron”
Big Oil sometimes works against the interests of smaller shale drillers and (we would argue) against the best interests of the U.S.A. Here’s a case in point. Yesterday, the Wall Street Journal reported that senior leaders with Exxon Mobil, Occidental Petroleum, and Phillips 66 have been whispering in President Trump’s ear that should he win, they want him to keep Biden’s Green New Deal legislation, otherwise called the Inflation Reduction Act. Why? To protect their investments in carbon capture, carbon credits, and other carbon scams. They don’t want to lose their big tax credits/money. 
The 
As you know, the Biden-Harris administration has been a big promoter of hydrogen energy, even though (a) it’s expensive to produce and (b) there are no customers (currently) who want more supplies of it. Because hydrogen is “clean” energy, the left is pushing it as energy nirvana. (Most leftists alive today don’t know what the 
A Washington County, PA, man and his anti-fossil fuel lawyer have won the right to force Chevron executives to testify in court in a case where the man accuses Chevron of using PFAS (“forever chemicals”) in fracking fluids in 2011-2012 near his home. He alleges the chemicals spread to his water well and damaged his health and the health of family members who drank and used the “contaminated” water.
Leftists (aka liberals, Communists, socialists, and leaders of the Democrat Party) believe they are smarter than you, they know more than you do, and they should be able to make decisions that affect your life outside of the laws created by duly elected members of Congress. For decades (some 40 years), we in the U.S. have lived under the tyranny of the bureaucratic administrative state following a court decision commonly referred to as the “Chevron deference” case. That case, decided in 1984 (ironic, no?), gave broad powers to federal agencies like the EPA and other executive branch agencies to create, in essence, their own laws (called regulations) without any specific delegation of authority by Congress to do so. It has led to the radical loss of freedom as bureaucratic leftists seized power to enact rules they demand YOU live under. No more! Last Friday, the U.S. Supreme Court ruled in a case that nullified and threw out the Chevron deference doctrine. This has HUGE implications for the entire oil and gas industry, including the Marcellus/Utica.
A coalition of major oil companies is asking the U.S. Supreme Court to rule on a key aspect of numerous ongoing nationwide lawsuits filed by cities, counties, and states. The lawsuits by multiple “blue” states and cities accuse Big Oil companies of deceiving the public about their role in causing mythical manmade global warming. The companies being targeted are the biggest of the big, with deep pockets. It’s nothing more than elaborate shakedown. Sunoco, ExxonMobil, Chevron, Marathon Petroleum, ConocoPhillips, Phillips 66, and others have asked the Supremes to intervene in a climate case filed against them by the City and County of Honolulu. The case serves as an important precedent for a number of other cases.
Carbon capture and sequestration (CCS) is coming on strong everywhere, including the Marcellus/Utica. Two days ago, we told you that Tenaska is looking to lease 80,000 acres in the M-U for CCS (see 
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.
Not even a full two weeks ago, MDN brought you the news that Exxon Mobil, the #5 oil producer in the Permian Basin, is buying Pioneer Natural Resources, the #1 oil producer in the Permian, in an all-stock deal valued at $59.5 billion, plus assuming $5 billion in debt, for a total deal value of $64.5 billion (see 
Last November, MDN told you about a lawsuit filed by a family in Washington County, PA, against Chevron (now EQT) for drilling and fracking done in 2011-2012 near the family’s home (see 
The biggest of the Big Oil companies, including Shell, Chevron, and Exxon Mobil, are making it quite clear that natural gas is here for decades to come. Leftists tried to sell the B.S. line that natural gas is a “short-term bridge to greener energy sources.” When that lie began to fall apart, leftists got agitated and began to sputter nonsense about natgas being a whole lot dirtier than anybody thought. Again, their lies are falling on deaf ears–at least the ears of Big Oil. Unless the left can bully the world’s biggest governments into destroying some of the biggest companies in the world–oil and gas companies–the only opinion that matters is that of the oil companies themselves because they are the ones who will (or will not) do more drilling.
Last November, MDN told you about a lawsuit filed by a family in Washington County, PA, against Chevron (now EQT) for drilling and fracking done in 2011-2012 near the family’s home (see 
Here’s a question: What are the 15 biggest (by company revenue) natural gas-owning pipeline companies in the world? The U.S. has the biggest natural gas pipeline infrastructure in the world, covering a distance of 333,000 kilometers (206,917 miles). Even so, only one U.S.-based company is in the top 5 biggest pipeline companies. Can you guess which country takes the top 2 spots on the list?
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.