These 3 Things Will Take a Big Bite Out of Oil Demand in 2022 April 26, 2022 The ongoing war in Ukraine, Covid-19 lockdowns in China and surging commodity prices are going to take a significant bite out of global oil demand this year. That’s according to Rystad Energy’s senior…
PG&E makes property tax and franchise fee payments to cities and counties
PG&E makes property tax and franchise fee payments to cities and counties 21 APRIL 2022 Pacific Gas and Electric Co. reported this week on the property tax payments it is making to cities and counties this month. The company, which serves more than 16 million Californians, is paying property taxes…
Higher prices and oil market uncertainty spur record activity in the Permian Basin
Higher prices and oil market uncertainty spur record activity in the Permian Basin Energize Weekly, April 20, 2022 In a response to high oil prices, rising demand and supply concerns in international oil markets, monthly drilling permits for new wells in the Permian Basin hit a record in March, according…
Cybersecuring the Pipeline
Cybersecuring the Pipeline April 12, 2022 On May 7, 2021, Colonial Pipeline, which operates the largest fuel pipeline system in the United States, disclosed that it had suffered a cyberattack. Its business systems had been infected with ransomware, malicious software that locks systems until a ransom is paid, usually in…
Exxon signals record quarterly profit from oil and gas prices
Exxon signals record quarterly profit from oil and gas prices April 4, 2022 Exxon Mobil Corp (XOM.N) on Monday said its first-quarter results could top a seven-year quarterly record, with operating profits from pumping oil and gas alone of up to $9.3 billion. A snapshot of the largest U.S. oil…
UN report on climate crisis confirms the world already has solutions – but politics are getting in the way
UN report on climate crisis confirms the world already has solutions – but politics are getting in the way April 4, 2022 The world is careening toward levels of global warming that will have irreversible impacts, a new landmark report says, but we already have the solutions — the only…
SoCalGas storage injection season begins in downside risk to city-gate basis
SoCalGas storage injection season begins in downside risk to city-gate basis 24 Mar 2022 Summer gas prices at the SoCal Gas city-gate could come under renewed pressure in the weeks ahead as already expanded storage inventories in southern California make an early start to the injection season. Read More
War in Ukraine scrambles world oil markets, offers a spur to U.S. production
War in Ukraine scrambles world oil markets, offers a spur to U.S. production Energize Weekly, March 30, 2022 The war in Ukraine is leading to a pinch in Russian oil – through operational problems and sanctions – that could lead to a restructuring of world oil markets and a boost…
Natural gas power plant project for eastern Va. is scrapped
Natural gas power plant project for eastern Va. is scrapped Mar 21, 2022 A natural gas power plant project in eastern Virginia has been scrapped, a month after plans for a pipeline running through five counties to fuel it were put on hold following a regulatory ruling, and amid opposition…
U.S. natural gas production and LNG exports projected to rise as foreign markets grow
U.S. natural gas production and LNG exports projected to rise as foreign markets grow Energize Weekly, March 16, 2022 Natural gas production in the U.S. is poised to increase through 2050, spurred by exports – with a likely rise in shipments to Europe in the wake of the Russian invasion…
Russian invasion of Ukraine and West’s economic sanctions roil global energy markets
Russian invasion of Ukraine and West’s economic sanctions roil global energy markets Energize Weekly, March 9, 2022 The Russian invasion of Ukraine and the broad sanctions by western nations in its wake are roiling energy markets from Europe to Asia and may lead to structural changes in regional and global…
Dakota Access pipeline: Supreme Court turns away challenge over tougher environmental review
Dakota Access pipeline: Supreme Court turns away challenge over tougher environmental review Feb. 22, 2022 The Supreme Court on Tuesday declined to hear a dispute between the company that operates the Dakota Access oil pipeline and several Native American tribes who say the project requires a more thorough environmental review. Read more
Projects to address water, air pollution in Permian Basin grow along with fuel demand
Projects to address water, air pollution in Permian Basin grow along with fuel demand Feb. 14, 2022 As oil and gas markets continued to grow along with operations in the Permian Basin early this year, so too did efforts to mitigate the environmental impacts of the industry. Read more
Cheniere completes new Sabine Pass LNG export unit in Louisiana
Cheniere completes new Sabine Pass LNG export unit in Louisiana February 7, 2022 U.S. liquefied natural gas company Cheniere Energy (LNG.A) on Monday said it had finished construction of a sixth liquefaction unit at its Sabine Pass LNG export plant in Louisiana, paving the way for higher commercial exports. Read more
Colorado to request $25M in federal aid to help clean up its more than 1,200 orphan wells
Colorado to request $25M in federal aid to help clean up its more than 1,200 orphan wells Jan 31, 2022 Colorado is seeking $25 million from a federal fund to plug orphan oil and gas wells, state officials said, in what could be the first installment of millions in cleanup…
As utilities consider ESG options, Kinder Morgan’s ‘responsibly sourced natural gas’ plan faces scrutiny
As utilities consider ESG options, Kinder Morgan’s ‘responsibly sourced natural gas’ plan faces scrutiny Jan. 25, 2022 Tennessee Gas’ mid-December proposal for shipping and trading RSG comes as utilities are looking for ways to reduce greenhouse gas emissions related to natural gas. Read more
Oil and Gas M&A activity rebounds in 2021, but is still off pre-pandemic pace
Oil and Gas M&A activity rebounds in 2021, but is still off pre-pandemic pace Energize Weekly, January 19, 2022 Oil and gas industry upstream mergers and acquisitions (M&A) rebounded in 2021 rising 25 percent to $66 billion compared to pandemic-hobbled 2020, according to a report by industry analyst Enverus. After…
Adding Intelligence to Outage Management with Integrated Cloud-Based Digital Platforms
Adding Intelligence to Outage Management with Integrated Cloud-Based Digital Platforms January 17, 2022 By Paridhi Gupta, Marketing, Smart Energy Water “The grid is not ready for the 21st century.” “Climate change will lead to frequent outages, and utilities are unprepared.” Headlines such as these have become commonplace. Nothing eye-opening about…
W&T Offshore (WTI) to Acquire Gulf of Mexico Assets for $47M
W&T Offshore (WTI) to Acquire Gulf of Mexico Assets for $47M JAN 11, 2022 W&T Offshore, Inc. signed an agreement to acquire interests in producing properties in the federal waters of the Gulf of Mexico for $47 million. W&T Offshore will acquire oil and gas producing shallow water assets at…
US natural gas faces wild 2022 as foreign crises exert pull
US natural gas faces wild 2022 as foreign crises exert pull Jan 1, 2022 U.S. natural gas is in for another wild year as the insularity that once shielded North American energy consumers from overseas turmoil disintegrates. Benchmark American gas futures climbed almost 45% in 2021 for the strongest annual…
After two years of belt tightening, shale drillers’ capital budgets are set to rise in 2022
After two years of belt tightening, shale drillers’ capital budgets are set to rise in 2022 Energize Weekly, December 29, 2021 The shale oil sector’s recent financial recipe of generating cash flow and tamping down capital expenditures may change in 2022 as drilling budgets increase due to factors ranging from…
BP to buy out U.S. pipeline partnership in $723 mln deal
BP to buy out U.S. pipeline partnership in $723 mln deal December 20, 2021 BP (BP.L) will acquire the remaining stake in its U.S. pipelines partnership BP Midstream Partners LP (BPMP.N) that it doesn’t already own in a more than $700 million deal, as the energy giant looks to simplify its structure. Read more
Permian oil output forecast to hit record high in January-EIA
Permian oil output forecast to hit record high in January-EIA DECEMBER 13, 2021 The largest U.S. shale basin’s output will surge to a record in January, according to a monthly forecast from the U.S. Energy Information Administration on Monday. Read more
U.S. set to become the world’s largest LNG exporter with Asia and Europe as its biggest customers
U.S. set to become the world’s largest LNG exporter with Asia and Europe as its biggest customers Energize Weekly, December 15, 2021 The U.S. is poised to become the world’s largest liquified natural gas (LNG) exporter in 2022 with the addition of two new liquefaction units coming online along the…
Exxon Looking Towards Permian Net-Zero Emissions By 2030
Exxon Looking Towards Permian Net-Zero Emissions By 2030 December 07, 2021 Supermajor ExxonMobil has revealed its plans to achieve net-zero greenhouse gas emissions from operated assets in the U.S. Permian Basin by 2030. Read more
U.S. natural gas sinks, on track for worst month in three years
U.S. natural gas sinks, on track for worst month in three years NOV 30 2021 U.S. natural gas futures slid Tuesday to the lowest level in nearly three months as warmer-than-expected winter forecasts sent prices tumbling. Read more
Coal Creek carbon capture, hydrogen hub among projects seeking clean energy funding
Coal Creek carbon capture, hydrogen hub among projects seeking clean energy funding 11/30/2021 A new arm of state government tasked with vetting funding applications for clean energy projects will evaluate eight proposals in the coming weeks, including one involving a carbon capture system at Coal Creek Station and another related…
New natural gas pipeline capacity expands access to export and Northeast markets
New natural gas pipeline capacity expands access to export and Northeast markets NOVEMBER 17, 2021 In our recently updated Natural Gas Pipeline Projects Tracker, we estimate over 4 billion cubic feet per day (Bcf/d) of new natural gas pipeline capacity entered service in the third quarter of 2021, primarily supplying Gulf…
Traders Refocusing on Return of 2 Bearish Factors
Traders Refocusing on Return of 2 Bearish Factors November 16, 2021 The carnage on oil prices spilled into this week as the market now seems to be less concerned about the current supply tightness, expecting it to be short-lived. Read more
U.S. won’t share Europe’s natural gas woes this year, says gas pipeline chief
U.S. won’t share Europe’s natural gas woes this year, says gas pipeline chief 11/8/2021 Americans should have enough natural gas to keep homes warm and factories running, avoiding the kind of shortages that are crippling Europe and Asia, even if the coming winter gets particularly cold. That’s because surging prices…
Why Texas isn’t ready for another deep freeze
Why Texas isn’t ready for another deep freeze Nov 01, 2021 It’s been more than eight months since a glacial chill — the magnitude of which nobody quite anticipated — crept across Texas, forcing power plants offline, freezing natural gas wells and wreaking havoc on every part of the state’s…
UGI Utilities gets approval from Pennsylvania commission for RNG pilot program
UGI Utilities gets approval from Pennsylvania commission for RNG pilot program October 25, 2021 UGI Utilities got the okay from the Pennsylvania Public Utility Commission to purchase renewable natural gas (RNG) as part of a five-year pilot program. The pilot program seeks to explore how UGI Utilities can integrate renewable…
OPEC+ Holds Both the Knife and the Cake
OPEC+ Holds Both the Knife and the Cake October 05, 2021 OPEC+ holds both the knife and the cake in the oil market, especially as the group boasts the lion’s share of the remaining unused supply capacity in the world. Read more
Duke Energy complaints rise ahead of company’s decision to extend disconnection ban
Duke Energy complaints rise ahead of company’s decision to extend disconnection ban September 30, 2021 Duke Energy announced Thursday the company will continue to avoid shutting off electricity for the most at-risk families through March of 2022. The announcement came just a day before Duke Energy’s limited disconnection ban was set…
Offshore Drilling Rigs Eyed for LNG Conversion
Offshore Drilling Rigs Eyed for LNG Conversion September 24, 2021 Aberdeen-based offshore rig inspection company ADC Energy has said it has won a contract with an unnamed U.S.-based LNG company to help it identify and select offshore drilling rigs suitable for conversion for LNG operations. Read more
Oil and gas sector shows recovery in second quarter led by private companies, higher prices
Oil and gas sector shows recovery in second quarter led by private companies, higher prices Energize Weekly, September 22, 2021 The U.S. onshore oil and gas industry saw the beginnings of a rebound in the second quarter of 2021 buoyed by strong commodity prices, strategic mergers, and increased efficiency, according…
DOE to invest $10 million to reduce natural gas supply constraints, improve energy consumption
DOE to invest $10 million to reduce natural gas supply constraints, improve energy consumption September 13, 2021 A new funding opportunity announcement from the United States Department of Energy’s Office of Fossil Energy and Carbon Management (FECM) will offer approximately $10 million in funding for cost-shared research and development projects…
Colorado consumer advocates ask utility commission to reject $130M of Xcel’s February storm surcharge
Colorado consumer advocates ask utility commission to reject $130M of Xcel’s February storm surcharge Sep 14, 2021 Xcel Energy ignored numerous weather warnings when buying natural gas and failed to switch to cheaper fuel oil during the historic deep freeze in mid-February, leaving the utility helpless as spot prices spiked…
Oil Spill in Gulf of Mexico After Ida Linked to Abandoned Pipeline
Oil Spill in Gulf of Mexico After Ida Linked to Abandoned Pipeline Sept 7, 2021 More than a week after Ida hit the Gulf of Mexico, it’s becoming increasingly clear that the hurricane made a huge mess of the oil and gas activities there. The government is investigating hundreds of reports of oil spills…
Gas Prices Unlikely To Skyrocket As Oil Companies Assess Hurricane Ida Damage
Gas Prices Unlikely To Skyrocket As Oil Companies Assess Hurricane Ida Damage August 31, 2021 Oil companies are still assessing the damage at the oil rigs, platforms and refineries that were struck by Hurricane Ida. Read more
USA Holds Largest Oil Reserves Sale in 7 Years
USA Holds Largest Oil Reserves Sale in 7 Years August 24, 2021 The U.S. is holding its largest sale of oil from strategic reserves since 2014 at a time when the outlook for fuel demand is darkening amid the resurgent Covid-19 virus. Read more
API Files Lawsuit Against Biden Administration
API Files Lawsuit Against Biden Administration August 17, 2021 The American Petroleum Institute (API) has announced that it, along with 11 other energy industry trade groups, has filed a lawsuit in the U.S. District Court for the Western District of Louisiana challenging the U.S. Department of the Interior’s (DOI’s) indefinite pause on…
Permian Gets Confidence Vote with Infrastructure Plan
Permian Gets Confidence Vote with Infrastructure Plan August 10, 2021 The region at the heart of the once-booming U.S. shale industry is signaling confidence in a nascent recovery after the pandemic crushed demand and curtailed oil and gas drilling. Read more
Supreme Court won’t sidetrack plans for PennEast pipeline
Supreme Court won’t sidetrack plans for PennEast pipeline JUN 29, 2021 The Supreme Court sided Tuesday with a pipeline company in a dispute with New Jersey over land the company needs for a natural gas pipeline, portions of which would cut through nearly a dozen municipalities in Northampton County. Read…
Houston Oil Benchmark Responds to 2020 ‘Wake-Up Call’
Houston Oil Benchmark Responds to 2020 ‘Wake-Up Call’ June 22, 2021 Magellan Midstream Partners, L.P (NYSE: MMP) and Enterprise Products Partners L.P. (NYSE: EPD) on Monday unveiled a new futures contract for the physical delivery of crude oil in the Houston area. Read more
Oil and gas market rebound underpinned by market discipline at home and abroad
Oil and gas market rebound underpinned by market discipline at home and abroad Energize Weekly, May 26, 2021 Oil and natural gas have seen a rebound in 2021 but those gains are delicately balanced on market discipline in both global and domestic markets, according to an assessment by industry analyst…
Duke Energy commits to helping struggling Floridians save money, avoid disconnections
Duke Energy commits to helping struggling Floridians save money, avoid disconnections May 11, 2021 Duke Energy announced a series of steps it is taking to ensure customers who are behind on their utility bills don’t have their power cut off at a dangerous time. Read more
U.S. onshore oil and gas drilling rebounds with smaller, private operators leading the way
Energize Weekly, March 31, 2021 U.S. onshore oil and gas drilling showed signs of recovery in the fourth quarter of 2020 and the first few months of 2021 – sparked by a rebound in oil prices and strong activity among private companies, according to a Colorado School of Mines report.…
The Hartford to stop insuring and investing in coal and tar sands over climate concerns
Energize Weekly, January 8, 2020 The Hartford Financial Services Group said it will no longer insure or invest in companies mining or using coal or developing tar sands oil over concerns about risks linked to climate change. The company, based in Hartford, Conn., said it would not deal with companies…
