Three advocates for Appalachian hydrogen and carbon capture projects–two lawyers and the head of Appalachian Energy Future–say that Pennsylvania (and Ohio and West Virginia) are missing key pieces of the hydrogen puzzle before a billion-dollar hydrogen hub can become a reality in any of those states. The missing pieces are permitting and regulations.
Read More “Missing Pieces of M-U Hydrogen Puzzle: Regulations & Permitting”
We spotted an article that was quite alarming for us. Conservative Republicans in the U.S. Senate are working on “a tariff on carbon-intensive goods,” which is, according to the article, “a concept environmentalists have long considered a crucial tool to combat climate change.” Republicans working on a carbon tax? Really? But then we read further and discovered it is not a carbon tax on goods produced here in this country, but a tariff (tax) on imported goods from other countries–namely from China.
Read More “Senate Republicans Working on “Foreign Pollution Act” to Tax Carbon”
The largest investment firm in the world, BlackRock, is attempting to bribe Republicans to leave the company alone (see BlackRock CEO Larry Fink Tries to Bribe Republicans – Will It Work?). BlackRock strenuously objects to being labeled anti-oil and gas and claims it still invests in fossil energy companies. However, the company’s actions speak so much louder than its many words. BlackRock has stepped up its aggressive attacks on companies that refuse to kowtow to its ESG demands.
Read More “BlackRock Steps Up Attacks on Fossil Energy Companies”
As we have been reporting, CERAWeek, the world’s premier energy conference, is happening all this week in Houston, Texas. On Thursday, Bloomberg reporters filed a roundup/overview of happenings at the event. Below is the roundup from Day Four of CERAWeek, which includes reporting on a secretive meeting hosted by Biden administration officials who are working on a plan to take over standards for what constitutes and what does not constitute “responsible” gas. Also in the list is a summary of comments (very disappointing comments) made by Federal Energy Regulatory Commission (FERC) Acting Chairman Willie Phillips about racist (i.e., “environmental justice”) oil and gas projects.
Read More “CERAWeek: Bidenistas’ Secret Meeting on Taking Over Gas Certs”
RNG (renewable natural gas) was a hot topic at yesterday’s CERAWeek event in Houston, Texas. We don’t write much about RNG because, quite frankly, it doesn’t interest us. We’d rather punch holes in the ground to get natural gas than cap a manure pile to collect it. The reason we’re writing about it today is that a Reuters reporter covering CERAWeek has written an article about comments made at the event. The comments are illuminating and you need to read what is being said about RNG by those in the know.
Read More “CERAWeek: Why RNG is a Bit Player in Natural Gas Space”
The most recent day of active trading was Thu., Mar. 9, 2023. The numbers below reflect yesterday’s closing numbers.
OTHER U.S. REGIONS: Opponents of Eugene natural gas ban submit 12,000-signature petition; Washington House passes ‘first in the nation’ natural gas bill; NATIONAL: Pioneer CEO says shale boom is over; Return of M&A – oil sector dealmaking heats up; INTERNATIONAL: Saudi Arabia and Russia vaunt OPEC+ ties.
Read More “Other Stories of Interest: Fri, Mar 10, 2023”
CERAWeek, happening this week in Houston, Texas, is one of (perhaps THE) premier oil and gas conferences held each year. Everybody who’s anybody attends, except for yours truly. Sometimes it’s the things you (over)hear around the proverbial water cooler at such events that are more interesting than what is said from the stage or in media interviews. For example, Banpu’s BKV, with major assets in the northeast Pennsylvania Marcellus, filed plans with the Securities and Exchange Commission late last year to launch an initial public offering (see Northeast PA Marcellus Driller BKV/Banpu Files with SEC for IPO). According to whispers Reuters heard at CERAWeek, the current low commodity price of natgas has put BKV’s IPO plans on hold.
Read More “BKV IPO On Hold, M&A Deals Falling Apart Due to Low Gas Prices”
Enverus Intelligence Research (EIR), a subsidiary of Enverus, released its latest Macro Forecaster, a report developed for the financial services industry, yesterday. The new report is focused on the outlook for near-term oil and gas prices. Unfortunately, there wasn’t a lot of good news for the natural gas sector. According to Al Salazar, senior vice president at EIR, “Natural gas production has been resilient in 2023 in comparison to 2022, and we expect 2.9 Bcf/d of growth over the summer. Some of the growth will be offset by incremental LNG demand from Freeport LNG terminal’s restart and increased price-induced power burn growth, but natural gas prices will be under intense pressure.” Hmmm. We don’t like the sound of that.
Read More “Analyst Says if Haynesville Doesn’t Dial Back, M-U Will Suffer”
As we mentioned in passing in our post yesterday about Pennsylvania Gov. Josh Shapiro’s first budget, one of the items in his budget (and in his speech) was support for a $1 billion hydrogen hub project in the Keystone State (see Shapiro’s 1st Budget a Mixed Bag – Severance Tax Out, Carbon Tax In). All three of the potential hydrogen hub projects in which PA is involved depend on converting natural gas into hydrogen while capturing any resulting carbon dioxide and storing it–called “blue” hydrogen. Blue is not green enough for Big Green wackos who are panning Shapiro’s support for a hydrogen hub. Even though he was their candidate. Buyer’s remorse?
Read More “Big Green Not Happy with PA Gov. Shapiro’s Support for Blue H2”
Two weeks ago, MDN brought you a summary of the latest quarterly update from Chesapeake Energy, which includes guidance (a forecast) for what the company plans to do in 2023 vis-à-vis drilling in the Marcellus and the Haynesville (see Chesapeake Energy Update: Cutting Rig Count & Production in 2023). We told you that Chesapeake plans to scale back drilling, and production, in the Marcellus. Since that update, Chesapeake announced a 15-year deal to provide natural gas for LNG exports to Gunvor Singapore Pte. Guess where the gas will come from? Hint: Not the M-U.
Read More “Chesapeake Cuts Back on Marcellus, Signs Haynesville LNG Deal”
We have been closely tracking the restart of the shuttered Freeport LNG export terminal following its emergency shutdown in June 2022 after an explosion and fire. Most recently, the Federal Energy Regulatory Commission (FERC) granted permission for Freeport to restart two of three liquefaction “trains” at the facility (see FERC Clears Freeport LNG to Restart 2 of 3 Liquefaction Trains). Freeport asked for permission to restart everything else, including the final (of three) LNG train, the final (of three) LNG storage tanks, and a second (of two) births that allow ships to dock and load. Yesterday FERC granted permission to Freeport to restart the final train, but NOT the final storage tank nor the second ship dock.
Read More “FERC Grants OK to Restart Freeport LNG Final Liquefaction Train”
An anchor from a local ABC television affiliate in Maine somehow wandered into the truth about New England’s lack of natural gas pipelines. (He may not have a job much longer.) As we have been stating (screaming about) for years, New England politicians have blocked new gas pipelines from Pennsylvania from delivering critically-needed natural gas supplies to the region. It’s only a matter of time before New England experiences repeated blackouts due to the lack of natgas for power-generating plants. It’s coming. And yet the Democrat politicians who have an iron grip on the region refuse to see reason. What is their solution to a lack of natural gas? Turn down your thermostat and sit in the cold. And if you complain about it, they (meaning people like Maine Gov. Janet Mills) will label you a racist, bigot, homophobic Republican who must be silenced at all costs. This is our very broken system of governance today–at least in New England.
Read More “New England’s Only Energy Option is Expensive Foreign LNG”
As we have been reporting, CERAWeek, the world’s premier energy conference, is happening all this week in Houston, Texas. On Wednesday, Bloomberg reporters filed a roundup/overview of happenings at the event. Below is the roundup from Day Three of CERAWeek, which includes comments made by the U.S. Secretary of Energy, Jennifer Granholm, attempting to suck up to the same oil and gas companies she has been bashing for the past two years. Also of interest, Europeans said during a panel discussion that European countries are reluctant to sign long-term LNG contracts because they believe (wrongly) that natgas will soon become “obsolete.” What dunderheads. No wonder Europe is crumbling and falling before our eyes.
Read More “CERAWeek: Granholm Woos O&G; Europe Won’t Sign LNG Deals”
The most recent day of active trading was Wed., Mar. 8, 2023. The numbers below reflect yesterday’s closing numbers.
NATIONAL: GenH2 and Chart Industries MoU for hydrogen liquefaction; Offshore is back; INTERNATIONAL: OPEC concerned about demand slowdown in USA, Europe; EU energy chief tells companies not to sign new Russian LNG deals.
Read More “Other Stories of Interest: Thu, Mar 9, 2023”
