An op-ed appearing on The Center Square website says Donald Trump’s pick to head the Department of Energy, Chris Wright, will lead an American energy u-turn upon taking office. The first sentence begins this way: “The United States is about to witness a complete energy reversal.” Amen to that! We have just lived through four…
Read More...According to Dan Eberhart, CEO of Canary, LLC (the sixth-largest wellhead services company in the U.S.), the world is bracing for another energy crisis this winter, with natural gas markets “teetering” on the brink of volatility. It would not take much to push the world into another run on natural gas supplies, which would push…
Read More...INTERNATIONAL: Oil market becoming less bearish, Macquarie strategists say; Oil gains on us exports, Fed outlook curbs gains; US issues fresh sanctions related to Nord Stream 2 pipeline; India to surpass China as the top source of global oil consumption growth. INTERNATIONAL Oil market becoming less bearish, Macquarie strategists say Rigzone The oil market is…
Read More...Prices, consolidation and financial firepower will push deals forward, says EY. This post appeared first on Hart Energy.
Read More...An American Electric Power (AEP) subsidiary plans to develop two natural gas-fired generation projects near the prolific Texas Haynesville shale play. This post appeared first on Hart Energy.
Read More...However, the Department of Energy’s most recent report will likely be used in lawsuits against ongoing and future LNG export facilities. This post appeared first on Hart Energy.
Read More...Transocean Ltd. says the 270-day program will contribute about $111 million in backlog. This post appeared first on Hart Energy.
Read More...Oil States International Inc. said proceeds from the “previously idled” Houston Ship Channel facility’s sale will be used toward debt reduction. This post appeared first on Hart Energy.
Read More...Yesterday, the U.S. Department of Energy (DOE), headed by the ultra-dumb Jennifer Granholm, issued a bogus “study” (copy below) arguing that no new approvals should be granted for additional LNG exports. The report (and Granholm, in a cover letter) argues that “the amounts [of LNG export facilities] that have already been approved will be more…
Read More...This is VERY interesting. The nonpartisan S&P Global, which never (we mean NEVER) seeks to ruffle political feathers, released a study on LNG exports on the very same day as the Biden/Granholm Department of Energy released its LNG export study. The S&P study, which came out a few hours earlier than the DOE study, says…
Read More...Corporations have two primary ways of enriching the owners (shareholders): issuing periodic dividends (cash payments) to shareholders or buying back shares, which reduces the number of outstanding shares, thereby increasing the value of each share (which can be sold for a higher profit). How do privately held companies like Ascent Resources make their owners/investors richer?…
Read More...JobsOhio, a private, nonprofit corporation that works on behalf of the state to drive job creation and new capital investment in Ohio by attracting business, contracts out economic research to Cleveland State University (CSU) to keep tabs on the Utica Shale industry. JobsOhio released the latest CSU updated report yesterday (full copy below), showing that…
Read More...The North American Electric Reliability Corporation (NERC) released its 2024 Long-Term Reliability Assessment? (LTRA) yesterday. The LTRA highlights *critical* reliability challenges that the power industry is facing over the next 10 years, including satisfying escalating energy growth, managing generator retirements, and removing barriers to resource and transmission development. The LTRA concludes that well over half…
Read More...The U.S. Department of Energy released its long-awaited study on LNG exports Tuesday, and while the administration didn’t officially call for a ban on LNG exports – they might as well have. In a politically charged statement, U.S. Energy Secretary Jennifer Granholm said “that a business-as-usual approach is neither sustainable nor advisable,” echoing similar claims
Read More...Slash Exploration Ltd. has retained EnergyNet for the sale of working interest participation in the Capitan 22301 27-22 State Com #20H wellbore in Lea County, New Mexico. This post appeared first on Hart Energy.
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