PHMSA Announces Proposed Rulemaking Affecting Natural Gas Distribution Systems August 28, 2023 On Aug. 24, 2023, the U.S. Department of Transportation (DOT) Pipeline and Hazardous Materials Safety Administration (PHMSA) announced the forthcoming publication of a notice of proposed rulemaking intended to improve safety on gas distribution pipelines nationwide by improving emergency response plans, integrity management…
Chesapeake to complete Eagle Ford basin exit with SilverBow deal August 14, 2023 U.S. natural gas producer Chesapeake Energy (CHK.O) said on Monday it would sell its remaining Eagle Ford assets to SilverBow Resources (SBOW.N) for $700 million, completing its exit from the south Texas basin. The company’s asset sales in the basin has generated…
US to Spend $700 Million for Oil and Gas Sector to Cut Methane Emissions 7/24/2023 The U.S. government will provide up to $700 million in funding to monitor and reduce methane emissions from the oil and gas sector, setting aside half of the amount for grants to states, two agencies said on Monday. The funding…
Global oil and gas investment rises even as demand slows risking overcapacity in the sector Energize Weekly, June 21, 2023 Global demand for oil is set to slow in the next five years even as investment in oil industry infrastructure is projected to grow, risking an overcapacity in production, according to the International Energy Agency…
Supermajors are scrubbing their greenhouse gas emissions by offloading dirtier assets Energize Weekly, May 31, 2023 Seven of the world’s “supermajor” oil companies are cleaning up their greenhouse gas emissions in large part by offloading some of the dirtiest assets to small companies who are often poor environmental performers, according to a Columbia University study.…
Chevron’s $7.6B purchase of PDC Energy creates the biggest oil and gas company in Colorado May 23, 2023 Chevron Corp. is buying PDC Energy in a $7.6 billion deal that will make it by far and away the largest oil and gas producer in Colorado and continues a trend in the state of bigger companies…
TSA Official: Feds Improved Cybersecurity Response Post-Colonial Pipeline May 15, 2023 In the wake of the ransomware attack on the Colonial Pipeline, the US Transportation Security Agency — the agency that regulates pipelines as well as air travel, railways, highways, and mass transit systems — brought together the CEOs of more than two dozen critical…
Oil and gas M&A deals down 50 percent to $14.8 billion quarter-over-quarter in Q1 2023 Energize Weekly, May 10, 2023 Oil and gas industry mergers and acquisitions (M&A) flagged in the first quarter of 2023 with a 35 percent drop in deals to 74 and the value halved to $14.8 billion compared to the last…
Standard Chartered Dubs Latest USA EIA Data Highly Bullish May 02, 2023 In a new report sent to Rigzone on April 28, analysts at Standard Chartered said the latest Energy Information Administration (EIA) weekly data was “highly bullish” according to the company’s U.S. oil data bull-bear index, which they said rose 47.7 week on week…
Pa.’s natural gas production curbed by capacity limits APR 25, 2023 Pennsylvania natural gas production fell by two percentage points in 2022 as pipelines run at full capacity and future development slows. Although the state maintains its number two status nationwide — just behind Texas — industry advocates say politics disconnect northern states from a…
Tennessee raises felony charge for ‘interfering’ with oil and gas pipeline projects APRIL 16, 2023 In the past four years, Tennessee has passed multiple laws aimed to protect fossil fuel projects from community challenges, like the law that preempts local governments from blocking fossil fuel projects, or the one that allows the state to boycott…
Oil and gas sector routinely targeted by cyberattackers, experts say April 10, 2023 Cybersecurity experts say they aren’t surprised by the revelation contained within a package of leaked U.S. intelligence documents suggesting Russian-backed hackers successfully gained access to Canada’s natural gas distribution network. They say oil and gas infrastructure in Canada and around the world…
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