Rating agency Fitch affirmed the default rating of U.S. refiner Citgo Petroleum Corp. at ‘B’ with a stable outlook, while highlighting operational risks and contagion effects from U.S. sanctions on Citgo’s Caracas-based parent PDVSA. This post appeared first on Hart Energy.
Read More...Energy providers are positioning themselves to meet growing power needs, including for large-scale data centers known as hyperscalers. This post appeared first on Hart Energy.
Read More...Mantel Capture Inc. raised $30 million for the demonstration of its high-temperature carbon capture system at an industrial site, paving the way for eventual commercial deployment. This post appeared first on Hart Energy.
Read More...Energy Capital Partners will acquire a majority interest in PROENERGY Holdings, which has a portfolio of 2.4 gigawatts of operating power plants. This post appeared first on Hart Energy.
Read More...For the week of Aug. 26 – Sept. 1, a total of 32 permits were issued to drill new shale wells in Marcellus/Utica, nearly matching the previous week’s 34. It’s nice to see the numbers returning to higher levels. The Keystone State (PA) had 18 new permits. PA’s top recipient was EQT (and its subsidiary…
Read More...Yesterday, the Pennsylvania Independent Fiscal Office (IFO) released its latest quarterly Natural Gas Production Report for April through June 2024 (full copy below). There were 63 new horizontal wells spud (drilled) in 2Q24, a decrease of 26 wells (-29%) compared to 2Q23. That number was also down significantly (37%) from the 100 wells spud in…
Read More...In March of this year, MDN brought the news that the Federal Energy Regulatory Commission (FERC) had approved an Enbridge project to update its East Tennessee Natural Gas (ETNG) pipeline system (see FERC Approves East Tenn. NatGas System Alignment in NC, TN, VA). The project is referred to as the ETNG System Alignment Program Project….
Read More...DRBC Deputy Executive Director Kristen Bowman Kavanagh, P.E. In 1961, the federal government and the governments of Delaware, New Jersey, Pennsylvania, and New York made a huge mistake. They entered into an agreement that created the Delaware River Basin Commission (DRBC). The DRBC has the independent legal authority to oversee and manage the Delaware River…
Read More...Michael German, CEO, Corning Energy Corp. Corning Energy Corporation (formerly Corning Natural Gas) announced yesterday that Michael German, the company’s CEO, will retire effective December 31, 2024, after 18 years with the company. German was the key guy behind the creation of Leatherstocking Gas Company, which runs gas mains to residents and businesses in small,…
Read More...Shell is putting numbers to the gross transgression of Venture Global in screwing over its contracted customers for LNG shipments. Venture Global’s Calcasieu Pass LNG export facility received Federal Energy Regulatory Commission (FERC) authorization to place the final three liquefaction blocks (7-9) into service in November 2023 (see Venture Global Gets FERC OK to Commission…
Read More...Yesterday, MDN told you that if The Cackler (Kamala Harris) can turn on a dime and supposedly embrace fracking, why can’t leftist New York Governor Kathy Hochul do the same (see A Plea to NY Gov. Hochul to Overturn the Ban on Fracking in Upstate). Perhaps Harris’ supposed change of heart would inspire (give excuse…
Read More...OTHER U.S. REGIONS: Berkeley now plans to tax buildings using natgas; NATIONAL: The leftwing judicial ethics crisis no one is talking about; Small storage build creates bullish shock to gas market; INTERNATIONAL: Egypt seeks to import more LNG for winter; Oil, gas will remain central to energy mix for foreseeable future; US imposes sanctions on…
Read More...The Texas Public Utility Commission threw out a loan application after learning—from NextEra—that it wasn’t part of an electricity generation project submitted by Aegle Power. This post appeared first on Hart Energy.
Read More...Non-operated specialist Northern Oil & Gas is going after larger acquisitions by teaming up with adept operating partners like SM Energy and Vital Energy. It’s helping bridge a capital gap in the upstream sector, say NOG executives Nick O’Grady and Adam Dirlam. This post appeared first on Hart Energy.
Read More...Varme Energy’s waste-to-energy project with carbon capture and sequestration capabilities is the first of its kind in Canada. This post appeared first on Hart Energy.
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