With less than a month before election day, California Governor Gavin Newsom signed new refinery supply mandates into law, threatening to hike gas prices not just in California, where prices now top $4.68/gallon, but also in swing neighboring states like Arizona and Nevada. The bill, which was introduced in a special session convened by the
Read More...The International Energy Agency (IEA) released its 2024 World Energy Outlook (WEO) on Tuesday, and its predictions are continuing to create confusion in global energy markets. Specifically, the report deviates from other leading forecasters by predicting that demand for oil and natural gas will peak within five years. In the past year, OPEC, Envernus, JP
Read More...Scott Brown, CEO of the Midland Basin’s Canes Midstream, said he believes the Permian Basin still has plenty of runway for growth and development. This post appeared first on Hart Energy.
Read More...Dak Liyanearachchi, the CTO with NRG, gives insight to AI’s capabilities in optimizing energy consumption and how NRG is making strides to manage AI’s growth, in this Hart Energy exclusive interview. This post appeared first on Hart Energy.
Read More...SLB and Torxen Energy had purchased the Palliser crude oil and natural gas assets from Cenovus Energy Inc. for about $1.04 billion cash. This post appeared first on Hart Energy.
Read More...A full-blown war in the Middle East could end up with 12 MMbbl/d of oil at risk—leading to high prices and widespread global consequences, according to Rystad Energy. This post appeared first on Hart Energy.
Read More...Oil and gas private equity firms remain active in the market though fundraising hit its peak in 2017. This post appeared first on Hart Energy.
Read More...Vision RNG has secured funding from climate investor HASI to convert landfill gas to RNG in Ohio. This post appeared first on Hart Energy.
Read More...At least $1.8 billion in A&D transactions have taken place already in 2024. This post appeared first on Hart Energy.
Read More...In August, some two dozen states asked the U.S. Supreme Court to place a temporary block on new EPA regulations that will put all coal plants out of business and block most (if not all) new gas-fired power plants from getting built (see States Asks U.S. Supreme Court to Emergency Block EPA Methane Reg). The…
Read More...In November 2022, PA’s then-Governor, Tom Wolf, signed into law a bill providing $142 million annually in state tax credits for several purposes, including clean hydrogen hubs, natural gas use, semiconductor manufacturing, and milk processors (see PA Gov Wolf Signs into Law $2.1B Tax Credit Bill for H2, NatGas). Over 20 years, the law would…
Read More...Lately, we’ve written plenty of negative stories, things like the Pennsylvania rig count getting whacked with the lowest numbers in eight years (see PA Craters, Drops 2 Rigs, M-U @ 32; National Rig Count Adds 1 @ 586), companies like Coterra stopping all new Marcellus drilling (see Coterra Stops Drilling New Wells in Marcellus, Fracking…
Read More...An assistant professor of data science at Saint Vincent College in Westmoreland County, PA, recently published a study (based on hospital records) examining whether some chemicals used in hydraulic fracturing affect the occurrence of pre-term births (PTB) and low birth weights (LBW) in the United States. She looked at data from several counties in southwest…
Read More...The northeast, particularly New England, has some of the highest energy costs in the country. We are the poster child for inadequate fuel supplies and lack of energy. Yet we have embarrassing riches of energy under our feet in the Marcellus/Utica! The problem? “The Northeast is the most extreme example of demand/supply mismatch in recent…
Read More...In May 2023, the Tennessee Valley Authority (TVA) announced that it would convert the Kingston Fossil Plant (coal-fired plant) in East Tennessee to a natural gas-fired plant capable of generating 1,500 megawatts of electricity (see TVA Proposes NatGas Power Plant, 122-Mile Pipeline for East Tenn.). The project also includes contracting with Enbridge to build a…
Read More...