Low natural gas prices may lead to lowest U.S. shale gas production in 25 years, EIA says Energize Weekly, October 30, 2024 U.S. natural gas output from shale formations – the country’s main source of dry gas – is on pace to mark its first annual decrease in production since…
Moody’s Says Cybersecurity a High Priority for Oil, Gas October 22, 2024 Cybersecurity is a high priority for the oil and gas industry, Moody’s Ratings stated in a new report sent to Rigzone by the Moody’s team recently. “Cyber commitments among oil and gas companies we rate exceed the cross-sector…
Evergy plans to build two new natural gas plants in Kansas by 2030 October 21, 2024 Kansas’ largest electric utility will add two natural gas plants by the end of 2030, the company announced Monday. Evergy, which serves 1.6 million customers in Kansas and Missouri, plans to build combined-cycle natural…
Supreme Court to consider if polluting industries can go court-shopping October 21, 2024 The Supreme Court agreed to hear three cases Monday from industry groups seeking to choose how to fight federal environmental regulations, highlighting a long-running battle over efforts to pick conservative or liberal courts parties believe will be…
World entering the “age of electricity” as demand outpaces all other forms of energy Energize Weekly, October 23, 2024 The world is set to enter the “age of electricity” as demand has grown more quickly than any other energy source and is set to accelerate even more, according to the…
New EPA Regulations Could Hinder Gas Plant Construction 10/14/2024 In April, the Environmental Protection Agency (EPA) finalized four significant regulations aimed at coal and natural gas-fired power plants (Power Plant Rules). The rules address air emissions, including greenhouse gasses (GHGs) and air toxics, wastewater discharge and ash disposal from coal-fired…
A colder winter and higher demand are projected to lead to higher natural gas prices Energize Weekly, October 16, 2024 Colder weather this coming winter leading to increased demand for natural gas for heating plus continued exports of liquified natural gas (LNG) will put “upward pressure” on natural gas prices,…
Chevron Shuts In Gulf of Mexico Oil and Gas Platform Ahead of Hurricane Milton Oct 07, 2024 Chevron has shut in its Blind Faith platform in the U.S. Gulf of Mexico and evacuated all personnel from the facility in preparation for Hurricane Milton, the supermajor said on Monday. “Production from…
U.S. natural gas-fired electricity generation set new daily records in summer 2024 October 8, 2024 U.S. natural gas-fired power plants generated more than 7 million megawatthours (MWh) of electricity on August 2, 2024, according to our Hourly Electric Grid Monitor, making up almost half of all electricity generated in the…
The Country’s Second-Largest Coal Plant May Get a Three-Year Reprieve From Retirement. Why? October 4, 2024 Duke Energy is proposing a three-year extension for the Gibson power plant in southwest Indiana, the second-largest coal-fired power plant in the country. Gibson, originally scheduled to close in 2035, would remain open until…
Wartsila to provide critical balancing capability for new Kentucky power plant September 26, 2024 Technology group Wärtsilä will supply the engineering and equipment for a new power plant project to be installed in Madisonville, Kentucky, USA. The order has been placed by Kentucky Municipal Energy Agency (KYMEA) and was booked…
U.S. leads world in gasoline, liquefied natural gas, and propane exports, according to EIA Energize Weekly, October 2, 2024 The U.S. was the world’s major exporter of gasoline, propane, and liquefied natural gas (LNG) in 2023 – aided by growing capacity in refineries and LNG terminals, according to the federal…
North America rig numbers fall as oil drilling declines in Canada Sept. 20, 2024 otal drilling activity in North America dropped the week ended Sept. 20, with 799 rotary rigs working, reported Baker Hughes, Houston. That represents 9 fewer rigs working compared with last week and 21 fewer that the…
Governor Gianforte Celebrates Nearly $1 Billion Energy Investment in Montana September 20 2024 Governor Greg Gianforte yesterday cut the ribbon on NextEra Energy Resources’ Clearwater Wind Energy Center in Miles City and celebrated the company’s nearly $1 billion investment in Montana. “We’re ramping up energy production in Montana with our…
Colorado Springs council approves increases in natural gas, electric rates Sep 24, 2024 Colorado Springs Utilities ratepayers will pay more for natural gas and electricity this fall due to anticipated increased costs in market prices as colder weather sets in. Beginning Oct. 1, the average residential ratepayer can expect to…
Gulf of Mexico Oil, Gas Production Almost Fully Restored After Hurricane September 17, 2024 Gulf of Mexico oil and gas production is almost fully restored following hurricane Francine, a statement posted on the Bureau of Safety and Environmental Enforcement’s (BSEE) website on Monday revealed. In the statement, the BSEE noted…
Natural gas pipeline capacity from the Permian Basin is set to increase September 10, 2024 Natural gas pipeline takeaway capacity in the Permian Basin will soon increase as the Matterhorn Express Pipeline, with a capacity of 2.5 billion cubic feet per day (Bcf/d), is expected to begin service this month,…
Entergy Mississippi begins building new natural gas power station September 05, 2024 Entergy Mississippi LLC, which provides electricity to roughly 459,000 customers in 45 counties across the state, is building a new power station for the first time in 50 years. The new natural gas power station is expected to…
Global clean tech and power market M&A led in 2024 by electricity generation deals Energize Weekly, September 11, 2024 Global clean technology and power market mergers and acquisitions have totaled $105 billion with 234 deals so far this year, slightly ahead of the 2023 pace, according to Enverus Research Intelligence.…
Brent Crude Tumbles Below $75 a Barrel, Erasing 2024 Gains September 3, 2024 Brent erased its 2024 gains as concerns about demand in the world’s two biggest economies overshadow heightened geopolitical risks. The global benchmark dropped below $75 a barrel and touched the lowest intraday price since December 2023. Read…
Halliburton says hackers removed data in August cyberattack September 3, 2024 U.S. oilfield services firm Halliburton (HAL.N), opens new tab said on Tuesday an unauthorized third party had accessed and removed data from its systems, providing details regarding the cyberattack in August first reported by Reuters. The company said it…
Exxon looks to sell non-core oil assets in the US Permian Basin August 27, 2024 Top U.S. oil company Exxon Mobil (XOM.N), opens new tab is looking to sell oil assets in the U.S. Permian Basin that could fetch $1 billion, Bloomberg Law reported on Tuesday. Exxon, which purchased Pioneer…
Shell to shut-in portions of Louisiana Zydeco oil pipeline for maintenance Aug 26, 2024 Oil major Shell on Monday said it plans to shut-in different portions of its Zydeco pipeline system for maintenance for three to four days starting Sept 24, limiting flows of some light crude to Louisiana. The…
ERCOT successfully navigates heat wave, new peak demand record Aug 26, 2024 Despite record temperatures last week and a new peak demand record, the Electric Reliability Council of Texas said it was able to maintain service without conservation requests, which it required last summer. Large additions of renewables and battery…
Brazos Midstream completes new gas processing facility and announces further expansion plans 19 August 2024 Brazos Midstream, a company focused on the Permian Basin, has announced the completion of a new gas processing facility and further expansion plans, reports GlobalData. The Sundance I facility in Martin County, Texas, with a…
North Omaha coal plant transitioning to natural gas by 2026 Aug 20, 2024 The north Omaha coal plant is moving away from using coal. The president and CEO of the Omaha Public Power District said during a committee meeting Monday that the plant will be transitioning to natural gas in…
AES plans $1.1B investment to convert Petersburg units from coal to gas August 13, 2024 AES Indiana, Pike County government officials and community leaders Thursday celebrated the announcement of approximately $1.1 billion in investments over the next two years to convert Petersburg Generating Station Units 3 and 4 from coal…
Canada has become the main exporter of oil to the U.S. meeting demand from refineries Energize Weekly, August 14, 2024 Canada has become the main source of imported oil for U.S. refineries, accounting for 60 percent of crude imports as of January 2024 – almost doubling its share in 10…
U.S. oil and gas M&A tops $30 billion for the third straight quarter Energize Weekly, August 7, 2024 Oil and gas mergers and acquisitions (M&A) in the second quarter of 2024 marked the third consecutive quarter of $30 billion or more in transactions, according to energy consultant Enverus Intelligence Research.…
Texas crude oil pipelines full to the brim, getting worse Jul 29, 2024 Crude oil pipelines connecting the busiest Texas oil fields to a critical export hub across the state are nearly out of space, threatening to cap US oil exports at a time when the world needs more. Key…
ONEOK to expand pipeline from Kansas to Denver July 22, 2024 Oklahoma energy company ONEOK plans to expand its pipeline capacity connecting Mid-Continent and Gulf Coast refined products supply with the greater Denver area to meet growing demand in that region. The project involves the construction of a new 230-mile,…
DC Circuit rejects bids to put hold on EPA power plant carbon rule Jul 22, 2024 The U.S. Court of Appeals for the District of Columbia Circuit on Friday rejected requests to put a hold on an Environmental Protection Agency rule limiting greenhouse gas emissions from power plants while litigation…
Before key hearings in North Carolina, Duke Energy makes tiny concessions to big gas ambitions July 18, 2024 Before pivotal hearings that begin Monday, Duke Energy has made a few small concessions to its plans for a giant fossil fuel buildout in North Carolina, winning over the once-skeptical state-sanctioned ratepayer…
Manchin, Barrasso announce permitting reform deal, breaking lengthy impasse 07/22/24 Sens. Joe Manchin (I-W.Va.) and John Barrasso (R-Wyo.) have reached an agreement on a bill to speed up the nation’s energy and infrastructure projects after about two years of trying to reach a deal. The bill takes on a suite…
Energy companies win dismissal of Baltimore’s climate change case July 11, 2024 A Maryland judge on Thursday dismissed a lawsuit by the city of Baltimore seeking to hold energy giants such as Exxon Mobil(XOM.N), opens new tab, BP(BP.L), opens new tab and Chevron(CVX.N), opens new tab responsible for climate change,…
ConocoPhillips Still Sees Marathon Oil Merger Closing Q4 despite FTC Probe July 15, 2024 ConocoPhillips has maintained that its $22.5 billion acquisition of Marathon Oil Corp. can be completed by the fourth quarter (Q4) despite facing an extended anti-trust review by the United States competition regulator. The Federal Trade Commission…
With electricity demand predicted to double, Dominion Energy looks to add “peaker plants” July 16, 2024 In 2020, Virginia became the first southern state to lay out a legal mandate for a carbon-free electrical grid. That’s why it was a surprise to many when Dominion Energy announced plans to build…
Federally proposed bill promotes Energy Dept.’s use of AI in energy, national security, science 7/15/2024 A newly introduced bill on Capitol Hill aims to advance America’s leadership in artificial intelligence (AI) by establishing a program at the U.S. Department of Energy (DOE) that would promote the department’s use of the…
Maine’s largest natural gas provider, Unitil, to acquire Bangor Natural Gas Company Jul 9, 2024 The largest provider of natural gas in Maine, Unitil, has agreed to purchase the Bangor Natural Gas Company, the state’s second-largest provider, the Unitil Corporation announced Tuesday. Unitil said it will pay $70.9 million to…
Oglethorpe Power acquires 465 MW natural gas-fired plant 7.8.2024 Oglethorpe Power announced the acquisition of Walton County Power, a 465 MW, three-unit combustion turbine generation facility in Monroe, Georgia. The facility was purchased from Mackinaw Power Holdings, an affiliate of the global investment firm, The Carlyle Group. Walton County Power…
Arizona voters will vote on going green fast or keeping fossil-fuel choices in the mix July 8, 2024 Three seats on the Arizona Corporation Commission are up for grabs in the coming primary and general elections, and the results of these votes will help set the state’s water and power…
Global oil production to rise while demand falls, putting pressure on prices and investments Energize Weekly, July 10,2024 Increasing global oil production in the face of plateauing demand will put price pressures on producers and challenge the large capital investment the industry is making, according to the International Energy Agency’s…
Federal departments announce about $280M in funding for Alaska projects July 1, 2024 Three departments of the U.S. government have announced they have awarded about $280 million in new funding for transportation and energy projects in Alaska, money made available through the Infrastructure Investment and Jobs Act of 2021 and…
Texas to double $5 billion state fund aimed at expanding the power grid JULY 1, 2024 The state of Texas plans to double a state fund aimed at expanding the power grid as demand for electricity is expected to nearly double over the next six years. The state will look…
How Chevron’s fall could remake the energy sector 07/01/2024 The Supreme Court’s decision Friday to give judges more authority over federal agencies creates new hurdles for the Biden administration as it seeks to promote low-carbon energy and address climate change. Forty years after the justices first decided Chevron v. NRDC,…
Despite bad weather and forced power plant outages the nation’s grid was reliable in 2023 Energize Weekly, July 3, 2024 Even in the face of extreme weather events and higher rates of forced outages at generating facilities, the U.S.-Canadian electric grid remained “reliable and secure” in 2023, according to the…
DOE, EPA announce $850M to reduce methane emissions from oil, natural gas industries June 25, 2024 The U.S. Department of Energy (DOE) and the U.S. Environmental Protection Agency recently announced $850 million in federal funding was available for projects that will help monitor, measure, quantify, and reduce methane emissions from…
Record temperatures will increase electricity demand, but not natural gas or coal prices Energize Weekly, June 26, 2024 Record temperatures are set to increase electricity demand this summer, but analyses find that a combination of ample gas storage and more renewable generation will help prevent a spike in natural gas…
Phillips 66 Sells Stake in REX Pipeline to Tallgrass June 17, 2024 Integrated downstream company Phillips 66 is selling its 25 percent non-operated common equity interest in Rockies Express Pipeline LLC (REX) to a subsidiary of Tallgrass Energy LP (TGE) for an enterprise value of approximately $1.275 billion. TGE is…
Ontario’s new energy minister says natural gas plants must stay ‘to help fuel our economy’ June 13, 2024 Ontario’s new energy minister says the fast-growing province can’t afford an “ideological” push to wean its electricity system off fossil fuels even as concerns about climate change mount. “I cannot underscore this…
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