News

Noble Closes $1.6B Diamond Acquisition

Noble Corp.’s cash-and-stock deal to acquire Diamond Offshore Drilling comes as service companies continue to consolidate in an aftershock of widespread upstream M&A. This post appeared first on Hart Energy.

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Williams Adding 4.2 Bcf/d of New NatGas Pipes 2024-2027, More Later

The CEO of midstream giant Williams, Alan Armstrong, spoke at the Barclays CEO Energy-Power Conference yesterday. He gave conference attendees an update on the many (many!) projects Williams has recently completed, is currently completing, and is likely to complete in the future. The company is on track, said Armstrong, to add 12 new pipeline projects…

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RGGI Carbon Tax on Track to Hit New All-Time High of $27/Allowance

In 2019, when then-Pennsylvania Gov. Tom Wolf announced he would unilaterally force the state to join the Regional Greenhouse Gas Initiative (RGGI), a carbon tax scheme aimed at forcing coal- and gas-fired plants out of business, he claimed the tax would only amount to a few dollars per allowance (or “short ton”) of CO2 (see…

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MiQ Expands Methane Monitoring Options for Responsible Gas Cert

MiQ is one of two major gas certification authorities that certify low methane emissions and is used by nearly every Marcellus/Utica driller. Last October, MDN brought you information about the two major gas certification authorities, MiQ and Project Canary, and the effort by drillers to get their gas officially certified as responsibly sourced (see Former…

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Low NatGas Price Has “Crippled” Financial Results for M-U Cos.

There’s just no way to sugarcoat the fact that the low low price for natural gas is having an impact on shale drillers in the Marcellus/Utica. According to an analyst with RBN Energy, a price plunge to near the $2/MMBtu level in early 2023 “crippled” financial results for the companies RBN monitors that are gas-focused…

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Chevron Runs Special Turbine on 60% Hydrogen to 40% NatGas Mix

As you know, the Biden-Harris administration has been a big promoter of hydrogen energy, even though (a) it’s expensive to produce and (b) there are no customers (currently) who want more supplies of it. Because hydrogen is “clean” energy, the left is pushing it as energy nirvana. (Most leftists alive today don’t know what the…

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3 NatGas Pipes Serving Maine Seek Rate Increase of 30-50%

The State of Maine has a completely unrealistic climate goal of using 80% renewable energy generation by 2030. It 100% won’t happen. But state officials continue to fart around pretending they will hit that goal. Meanwhile, back in the real world, natural gas remains THE key energy source for the state, generating more than half…

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A Plea to NY Gov. Hochul to Overturn the Ban on Fracking in Upstate

We spotted an opinion piece in the New York Post with the provocative title, “With Kamala Harris now in favor, Hochul should let upstate NY frack, baby, frack.” It’s part tongue-in-cheek and part serious. If The Cackler can turn on a dime and supposedly embrace fracking, why can’t leftist Kathy Hochul? (Of course, Harris hasn’t…

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