The campaign to bankrupt American energy producers via the courts took another blow on Wednesday with the dismissal of New Jersey’s climate lawsuit with prejudice. The judge’s opinion is already the third ruling of the year (following Anne Arundel, Annapolis, and New York City, as well as Baltimore in 2024) that has sent climate plaintiffs
Read More...Two weeks ago, MDN brought you the news about a mind-blowing announcement from the White House that OpenAI (ChatGPT), SoftBank, and Oracle have pledged to spend $500 billion (with a “b”) to build new data centers to support artificial intelligence (see AI, Data Centers Go Mainstream – Big Do at WH re $500B Investment). The…
Read More...If it weren’t for burning oil and coal in New England, the lights would have gone out during the recent cold snap in January. We read a startling statement from the U.S. Energy Information Administration (EIA) in a post from yesterday: “…on January 21, 2025, thermal plants that burn oil provided more electricity to the…
Read More...Yesterday, Rising Phoenix Capital, an investment firm specializing in oil and gas royalty acquisitions, announced the launch of the La Plata Peak Income Fund, a $20 million royalty fund. Rising Phoenix is looking for investors to buy into the fund. Once the company hits its target (maybe before), it will go on the hunt for…
Read More...The oil and gas business is still a great place to get a job. A high-paying job. However, knowing what kinds of companies to contact and what kinds of jobs are available at those companies can be a challenge. Rigzone President Chad Norville recently highlighted some of the latest U.S. oil and gas hiring trends…
Read More...The chickens are coming home to roost for Venture Global, an LNG export company that uses loopholes and excuses to avoid selling LNG cargoes to the companies that signed contracts to buy those cargoes. The company recently launched an initial public offering (IPO), hoping to raise $2.3 billion (see Unashamed Venture Global LNG Plans Huge…
Read More...As we reported yesterday, Chris Wright, now-former CEO of Liberty Energy (big fracking company), was confirmed on Monday to be the new Secretary of Energy (see Full Senate Confirms Fracker Chris Wright as DOE Secretary 59-38). Yesterday was Wright’s first official day at the agency. Right out of the box, he signed his first Secretarial…
Read More...TotalEnergies’ investments could include expansion projects at its Cameron LNG and Rio Grande LNG facilities on the Gulf of Mexico, CEO Patrick Pouyanne said. This post appeared first on Hart Energy.
Read More...Quantum Capital Group Founder and CEO Wil VanLoh says oil and gas investment, a modernized electric grid and critical minerals are needed to meet an all of the above energy strategy. This post appeared first on Hart Energy.
Read More...Rising Phoenix Capital said the La Plata Peak Income Fund focuses on acquiring producing royalty interests that provide consistent cash flow without drilling risk. This post appeared first on Hart Energy.
Read More...Permitting delays and challenges finding customers have put the future of Enterprise Product Partners’ Seaport Oil Terminal Project in doubt. This post appeared first on Hart Energy.
Read More...Infinium will supply up to 670,000 metric tons of CO2 to Summit Carbon at a eFuels facility. This post appeared first on Hart Energy.
Read More...We suppose we shouldn’t be shocked, but we are. Reuters is exclusively reporting that Canadian pension fund CPP Investments, the majority owner of Encino Acquisition Partners (aka Encino Energy), is considering either a sale of the company or possibly an initial public offering (IPO) that values the company at roughly $7 billion. Encino’s claim to…
Read More...In 2018, Equitrans Midstream, the builder of the 303-mile Mountain Valley Pipeline (MVP), proposed to extend MVP by an extra 75 miles from the current terminus in Pittsylvania County, VA, to Alamance County, NC, to provide natural gas for heating and electric generation. The 75-mile extension is called MVP Southgate. In December 2023, MVP changed…
Read More...Donald Trump threatened and was prepared to implement a 25% tariff on both Mexico and Canada, including a 10% tariff (tax) on incoming oil and natural gas (and other energy) from Canada (see Trump Slaps Canada & Mexico with Tariffs, Including 10% on O&G). It took about 10 minutes for Mexico’s president to get on…
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