On May 1, a section of the 303-mile Mountain Valley Pipeline (MVP) ruptured during final pressure testing in Roanoke County, Virginia (see Section of MVP Ruptures Near Roanoke Under Water Pressure Test). An independent metallurgical test identified a defective weld in an elbow joint as a cause of the failure. No internal or external corrosion…
Read More...Earlier this month, MDN brought you the important news that just one month after the mighty Mountain Valley Pipeline (MVP) went online, natural gas production in the State of West Virginia increased more than 9% (see WV Marcellus Production Up 9.5% in One Month Thanks to MVP). We now have data for another full month of…
Read More...Up/down, up/down, up/down, up/down… We can’t count how many times the Freeport LNG export facility has come online to go offline again, with the cycle repeating (see our MANY stories about the uneven Freeport here). It’s become kind of a joke. Except, it’s no joke. Freeport is (still, for now) the country’s second-largest LNG export…
Read More...Venture Global is developing an LNG export facility in Plaquemines Parish, Louisiana, approximately 20 miles south of New Orleans. Phase One of the project is currently under construction. Venture Global recently asked the Federal Energy Regulatory Commission (FERC) for permission to unload a tanker full of LNG to be used for testing the facility. The…
Read More...Whoever would have thought both Facebook and Google would turn to fracking to feed the power beast that they are? Unicorn farts (wind and solar) alone don’t do the trick, it seems. Earlier this week, MDN brought you news about Facebook and Google signing agreements with companies that use a process “similar” to fracking (fracking…
Read More...OTHER U.S. REGIONS: Texas sued by climate zealots over anti-ESG law; Gov. Newsom’s Venezuela-like price control proposal on oil industry; NATIONAL: Harris does u-turn on fracking ahead of November election; Kamalism – financial illiteracy with a smiley face; 5 best-performing oil & gas stocks in 2024; Trump’s plan to cut energy costs in half; INTERNATIONAL:…
Read More...Kinder Morgan’s challenge to ONEOK over Bakken NGL could upset the market’s balance. This post appeared first on Hart Energy.
Read More...McKinsey & Co. analysis shows that lagging FIDs, inadequate supply chains, difficulties scaling technologies and profitability are holding back progress on net-zero goals. This post appeared first on Hart Energy.
Read More...The acquisition of Permian Basin interests in Dawson County, Texas, follows a July deal by Rising Phoenix Royalties for a non-operated working interests in the Denver-Julesburg (D-J) Basin. This post appeared first on Hart Energy.
Read More...Shell is selling its Sinco pipeline system and Colex terminal assets that have been historically integrated with the Deer Park Refinery, which Shell sold to Pemex in 2022. This post appeared first on Hart Energy.
Read More...Mexico Pacific and Korea’s POSCO International Corp. signed a 20-year sales and purchase agreement for the Asian company to acquire 0.7 mtpa of LNG from the proposed the Saguaro Energía LNG facility on Mexico’s Pacific Coast. This post appeared first on Hart Energy.
Read More...ONEOK’s latest deals to acquire controlling interest in midstream companies EnLink and Medallion are considered “neutral” for the company’s credit rating. This post appeared first on Hart Energy.
Read More...TotalEnergies’ floating offshore wind turbine will be located 2 km west of the Culzean gas production platform and is expected to be fully operational by year-end 2025. This post appeared first on Hart Energy.
Read More...Some producers are starting to wonder if some of the tax incentives, grants and loans offered under the Inflation Reduction Act and Infrastructure Investment and Jobs Act, would be rolled back under a Trump administration. This post appeared first on Hart Energy.
Read More...Marathon Oil shareholders approved a merger acquisition by ConocoPhillips valued at $22.5 billion, including debt, at a special meeting. This post appeared first on Hart Energy.
Read More...