U.S. leads world in gasoline, liquefied natural gas, and propane exports, according to EIA

U.S. leads world in gasoline, liquefied natural gas, and propane exports, according to EIA

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…

Read more

U.S. oil and gas M&A tops $30 billion for the third straight quarter

U.S. oil and gas M&A tops $30 billion for the third straight quarter

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.…

Read more

Global oil production to rise while demand falls, putting pressure on prices and investments

Global oil production to rise while demand falls, putting pressure on prices and investments

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…

Read more

Big energy projects moving fast, face $150 billion a year in cost overruns, Bain & Co. says

Big energy projects moving fast, face $150 billion a year in cost overruns, Bain & Co. says

Big energy projects moving fast, face $150 billion a year in cost overruns, Bain & Co. says Energize Weekly, June 19, 2024 The scale and speed of the energy transition risks project delays and setbacks leading to cost overruns of 15 percent to 20 percent, equal to $150 billion a…

Read more

ConocoPhillips-Marathon Deal Represents a Pivot

ConocoPhillips-Marathon Deal Represents a Pivot June 04, 2024 The ConocoPhillips-Marathon Oil transaction represents a pivot in U.S. shale mergers and acquisitions, from deals focused on increasing exposure in a single key basin or play to acquiring a multi-basin operator. That’s what Enverus Intelligence Research (EIR) Principal Analyst Andrew Dittmar said…

Read more

Oil and gas mergers set to cool after a hot first quarter in 2024 with $51 billion in deals

Oil and gas mergers set to cool after a hot first quarter in 2024 with $51 billion in deals

Oil and gas mergers set to cool after a hot first quarter in 2024 with $51 billion in deals Energize Weekly, May 1, 2024 Mergers and acquisitions (M&A) in the U.S. upstream oil and gas sector in the first quarter of 2024 kept up last year’s record-setting pace with $51…

Read more

Chesapeake to become top US natural gas producer with $7.4 billion deal for Southwestern

Chesapeake to become top US natural gas producer with $7.4 billion deal for Southwestern January 11, 2024 Chesapeake Energy (CHK.O), agreed to buy smaller rival Southwestern Energy (SWN.N), in an all-stock transaction valued at $7.4 billion, a deal that will make it the largest independent U.S. natural gas producer. The…

Read more

New Mexico officials propose regulations for reuse of fracking wastewater

New Mexico officials propose regulations for reuse of fracking wastewater December 29, 2023 New Mexico environmental officials have proposed a new regulatory framework for reusing wastewater with a focus on the used, salty byproducts of oil and natural gas drilling in a major U.S. production zone. The Environment Department announced…

Read more

Major oil companies atop a cash-flow wave reduce debt, increase shareholder payouts

Major oil companies atop a cash-flow wave reduce debt, increase shareholder payouts

Major oil companies atop a cash-flow wave reduce debt, increase shareholder payouts Energize Weekly, December 20, 2023 The world’s five largest oil companies, riding a wave of high energy prices, pulled in $613 billion in cash flow between January 2021 and September 2023, which they used to reduce debt and…

Read more

Feds propose 20-year ban on mining, oil and gas drilling on 225,000 acres in Thompson Divide

Feds propose 20-year ban on mining, oil and gas drilling on 225,000 acres in Thompson Divide Dec 12, 2023 The Forest Service and Bureau of Land Management plan to remove 224,713 acres from possible mining or oil and gas drilling for the next 20 years would seem worthy of an…

Read more

IEA takes aim at oil and gas sector at COP28, industry offers an agreement to cut methane

IEA takes aim at oil and gas sector at COP28, industry offers an agreement to cut methane

IEA takes aim at oil and gas sector at COP28, industry offers an agreement to cut methane Energize Weekly, December 6, 2023 As the climate conference – COP28 – opened in Dubai, the International Energy Agency (IEA) fired a shot across the bow of the oil industry with an analysis…

Read more

News From the Oil Patch: U.S. sets all-time crude production record

News From the Oil Patch: U.S. sets all-time crude production record Oct 16, 2023 U.S. operators set an all-time record for crude oil production last week. According to the Energy Information Administration, domestic output averaged 13,218,000 barrels per day last week. That’s the best weekly tally ever, 140,000 barrels per…

Read more

Global oil and gas exploration spending is up at $50 billion in 2023 but reserves are down

Global oil and gas exploration spending is up at $50 billion in 2023 but reserves are down

Global oil and gas exploration spending is up at $50 billion in 2023 but reserves are down Energize Weekly, August 30, 2023 Conventional oil and gas exploration is on the upswing and spending is expected to reach $50 billion in 2023 – the highest in five years – but discovered…

Read more

Inflation Reduction Act could unleash $3 trillion in renewable energy investments

Inflation Reduction Act could unleash $3 trillion in renewable energy investments

Inflation Reduction Act could unleash $3 trillion in renewable energy investments Energize Weekly, August 23, 2023 The $1.2 trillion in incentives proposed under the U.S. Inflation Reduction Act (IRA) will spur about $3 trillion investment in renewable energy technology over the next decade, according to Goldman Sachs Research. Goldman Sachs…

Read more

Chesapeake to complete Eagle Ford basin exit with SilverBow deal

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…

Read more

Global oil and gas investment rises even as demand slows risking overcapacity in the sector

Global oil and gas investment rises even as demand slows risking overcapacity in the sector

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…

Read more

Supermajors are scrubbing their greenhouse gas emissions by offloading dirtier assets

Supermajors are scrubbing their greenhouse gas emissions by offloading dirtier assets

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…

Read more

Chevron’s $7.6B purchase of PDC Energy creates the biggest oil and gas company in Colorado

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…

Read more

Oil and gas M&A deals down 50 percent to $14.8 billion quarter-over-quarter in Q1 2023

Oil and gas M&A deals down 50 percent to $14.8 billion quarter-over-quarter in Q1 2023

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…

Read more

Hydrogen is supplementing natural gas, but critics remain wary

Hydrogen is supplementing natural gas, but critics remain wary FEB 6, 2023 A public utility is experimenting with blending small amounts of carbon-free hydrogen into natural gas lines in some Minnesota homes, but critics argue the procedure remains largely an exercise in hot air. As first reported last week by…

Read more

Number of oil and gas mergers and acquisitions hits a 17-year low in Q4 of 2022

Number of oil and gas mergers and acquisitions hits a 17-year low in Q4 of 2022

Number of oil and gas mergers and acquisitions hits a 17-year low in Q4 of 2022 Energize Weekly, February 1, 2023 The volume of oil and gas sector mergers and acquisitions fell to a 17-year low in the last quarter of 2022 as deal value for the quarter declined 13…

Read more

Biden administration threatens veto of GOP bill restricting strategic oil reserve releases

Biden administration threatens veto of GOP bill restricting strategic oil reserve releases Jan 23, 2023 The Biden administration is threatening to veto Republican-led legislation that would restrict the release of oil from the country’s emergency reserve. “If Congress were to pass H.R. 21, the president would veto it. He will…

Read more

US House passes bill to ban US strategic oil reserve sales to China; Senate path unclear

US House passes bill to ban US strategic oil reserve sales to China; Senate path unclear 12 Jan 2023 The US House of Representatives advanced legislation Jan. 12 aimed at preventing crude oil from the US Strategic Petroleum Reserve from ending up in China, sending the measure to the Senate…

Read more

Why natural gas prices — and bills — are soaring in Southern California

Why natural gas prices — and bills — are soaring in Southern California JAN. 9, 2023 Southern California Gas Co. and San Diego Gas & Electric have issued stark warnings to customers that their January natural gas bills could double, citing factors for historically high wholesale costs that include sinking…

Read more

To replace Russian gas, Europe builds more LNG capacity and boosts U.S. imports

To replace Russian gas, Europe builds more LNG capacity and boosts U.S. imports

To replace Russian gas, Europe builds more LNG capacity and boosts U.S. imports Energize Weekly, January 4, 2023 In the dash to replace Russian natural gas supplies, liquefied natural gas (LNG) import capacity in the European Union (EU) and the United Kingdom (UK) is set to expand by a third…

Read more

US to Become Net Exporter of Crude Oil in 2023

US to Become Net Exporter of Crude Oil in 2023 19 December 2022 The United States has become a global crude oil exporting power over the last few years, but exports have not exceeded its imports since World War II. That could change next year. Sales of U.S. crude to…

Read more

High gas prices, energy security concerns make capturing fugitive and flared gas profitable

High gas prices, energy security concerns make capturing fugitive and flared gas profitable

High gas prices, energy security concerns make capturing fugitive and flared gas profitable Energize Weekly, December 21, 2022 The combination of higher natural gas prices and geopolitical concerns about energy security is making the capture and commercialization of fugitive and flared emissions economically viable around the world, according to a…

Read more

Keystone pipeline has now leaked more oil in the US than any other since 2010: report

Keystone pipeline has now leaked more oil in the US than any other since 2010: report 12/12/22 On the heels of another spill last week, the massive Keystone pipeline has now leaked more oil than any other pipeline since 2010, according to a new report from Bloomberg. With more than…

Read more

Deepwater oil and gas production set to grow 60 percent by 2030 hitting 17 million BOE/D

Deepwater oil and gas production set to grow 60 percent by 2030 hitting 17 million BOE/D

Deepwater oil and gas production set to grow 60 percent by 2030 hitting 17 million BOE/D Energize Weekly, December 7, 2022 Deepwater oil and gas production is set to increase more than 60 percent between 2022 and 2030, reaching 17 million barrels oil equivalent per day (BOE/D) – equal to…

Read more

Interior Department finalizes plans for sale of oil and gas leases off coast of Alaska

Interior Department finalizes plans for sale of oil and gas leases off coast of Alaska November 28, 2022 The Interior Department announced final steps to carry out an oil and gas lease sale off Alaska’s coast, just the second such offshore lease sale of President Joe Biden ‘s tenure. The…

Read more

US offshore oil and gas rigs at ‘significant’ risk of cyberattacks, warns government watchdog

US offshore oil and gas rigs at ‘significant’ risk of cyberattacks, warns government watchdog November 22, 2022 U.S. offshore oil and gas infrastructure faces “significant and increasing” cybersecurity risks that require “urgent” attention, a U.S. government’s watchdog has warned. The Government Accountability Office said in a new report that the…

Read more

Equinor Leads the Way in Adoption of Low-emission Offshore Drilling Rigs, Westwood Says

Equinor Leads the Way in Adoption of Low-emission Offshore Drilling Rigs, Westwood Says November 15, 2022 The availability of emission-lowering upgrades for offshore rigs has been on the rise, but adoption of these new technologies is slow outside of Norway and the US Gulf of Mexico due to limited regulatory…

Read more

Spurred by high commodity prices, energy production revenues on federal lands surge

Spurred by high commodity prices, energy production revenues on federal lands surge

Spurred by high commodity prices, energy production revenues on federal lands surge Energize Weekly, November 16, 2022 Energy production on federal lands and offshore areas in 2022 generated $22 billion for the federal and state governments – the highest in revenues since 2008 and second highest in 39 years, according…

Read more

ConocoPhillips records big profits, expects to start work at $8 billion Alaska oil project early next year

ConocoPhillips records big profits, expects to start work at $8 billion Alaska oil project early next year 11/7/22 ConocoPhillips reported making huge profits in the latest quarter amid growing criticism that oil companies are benefiting as gas prices soar, and as President Joe Biden threatens to pursue a windfall profits…

Read more

Eversource CEO fears New England might not have enough natural gas if winter is bitter

Eversource CEO fears New England might not have enough natural gas if winter is bitter Oct 29, 2022 The top executive of one of the top energy suppliers in New England fears the region may not have enough power if a severe cold spell hits this winter. Eversource Energy CEO…

Read more

War in Ukraine is speeding a global energy transition, hobbling Russian exports, IEA says

War in Ukraine is speeding a global energy transition, hobbling Russian exports, IEA says

War in Ukraine is speeding a global energy transition, hobbling Russian exports, IEA says Energize Weekly, November 2, 2022 Global fossil fuel consumption and greenhouse gas emissions are slowing with oil, coal and natural gas either peaking or reaching a plateau by 2030, according to the International Energy Agency (IEA).…

Read more

Global carbon capture capacity set to grow sixfold by 2030, BloombergNEF says

Global carbon capture capacity set to grow sixfold by 2030, BloombergNEF says

Global carbon capture capacity set to grow sixfold by 2030, BloombergNEF says Energize Weekly, October 26, 2022 Global carbon capture capacity, with more than $3 billion invested in the technology this year, is set to increase sixfold from current levels by 2030, according to an analysis by energy research firm…

Read more

Oil Prices Dip on Report Biden Preparing New Sales From Strategic Petroleum Reserve

Oil Prices Dip on Report Biden Preparing New Sales From Strategic Petroleum Reserve 10/18/22 Global oil prices moved lower Tuesday amid reports that President Joe Biden is planning to unveil another release of crude from the nation’s emergency reserves in an effort to reduce energy costs heading into the mid-term…

Read more

French Refinery Strike Opens Door for More US Exports to Asia

French Refinery Strike Opens Door for More US Exports to Asia October 10, 2022 Asian refiners snapped up at least 12 million barrels of US crude oil in the past two weeks as a strike in France dims demand from one of Europe’s largest buyers. Refiners, mostly from South Korea,…

Read more

Oil-eating microbes excrete the world’s cheapest “clean” hydrogen

Oil-eating microbes excrete the world’s cheapest “clean” hydrogen October 03, 2022 Texan company Cemvita is promising clean hydrogen at less than US$1/kg, after testing a fascinating new technique in the lab and the field. The idea is to pump specially developed microbes into depleted oil wells, where they’ll eat oil…

Read more

Threat of recession and drop in oil demand and prices worry Permian producers

Threat of recession and drop in oil demand and prices worry Permian producers

Threat of recession and drop in oil demand and prices worry Permian producers Energize Weekly, October 5, 2022 Even as oil production rebounds in the Permian Basin, industry executives are worried about a drop in demand due to a recession and remain dogged by rising costs and supply chain problems,…

Read more

By clicking Accept or closing this message, you consent to our cookies on this device in accordance with our cookie policy unless you have disabled them. more information

By clicking Accept or closing this message, you consent to our cookies on this device in accordance with our cookie policy unless you have disabled them. You can change your cookie settings at any time but parts of our site will not function correctly without them. We use cookies during the registration process and to remember member settings.

Close