Paisie: With Oil Prices, It’s All About the Economy
One of the keys to pricing is whether global conflicts curtail the flow of oil. They have not. This post appeared first on Hart Energy.
Read More...Energy Transfer’s Lake Charles LNG Still Alive – Deal w/Chevron
Just as the pandemic began to unfold in early 2020, Shell pulled out of a 50/50 joint venture partnership with Energy Transfer (ET) to build a new LNG export facility in Lake Charles, Louisiana (see Shell Pulls Out of Lake Charles LNG Project, Energy Transfer Stays). Kind of a boneheaded move on Shell’s part, if…
Read More...Other Stories of Interest: Fri, Dec 20, 2024
OTHER U.S. REGIONS: California gets federal clearance to ban new fossil fuel cars from 2035; NATIONAL: USA crude oil inventories drop WoW; Oil settles below $70 on stronger dollar; Barrasso says targeting gas exports act of a “bitter administration on its way out”; INTERNATIONAL: EU agrees to install up to 89 GW of offshore wind…
Read More...Battalion Oil Walks Away from Fury Resources Buyout
The Battalion Oil-Fury Resources merger had been in discussions for more than a year, but Battalion said Fury failed to meet financial deadlines to continue the talks. This post appeared first on Hart Energy.
Read More...Surge Closes on Divestment of Alberta Non-Core Gas Assets
Surge Energy said it has focused on developing its core Sparky and southeast Saskatchewan crude oil assets, leaving the Alberta non-core assets undercapitalized. This post appeared first on Hart Energy.
Read More...Kissler, Wyett: Trump Tariffs and Potential Energy Market Aftershocks
U.S. production and prices may increase; global cooperation may decrease; but Trump’s previous tariffs had less of an impact on import prices than the COVID pandemic. This post appeared first on Hart Energy.
Read More...Marketed: ConocoPhillips 5 Well Package in Niobrara Shale
ConocoPhillips Co. has retained EnergyNet for the sale of working interest participation in five wells located in Weld County, Colorado. This post appeared first on Hart Energy.
Read More...Energy Transfer’s Lake Charles LNG Closer to FID with Chevron Deal
Energy Transfer entered a 20-year agreement to supply Chevron with 2 mtpa of LNG from its Lake Charles LNG export facility, which is awaiting a final investment decision. This post appeared first on Hart Energy.
Read More...Permanent Magnets Emerge as a Game-Changer for ESP Technology
In 2024, permanent magnet motors installations have ballooned to 11% of electric submersible pump installations, and that number is growing. This post appeared first on Hart Energy.
Read More...Kinder Morgan Reaches FID for $1.4B Mississippi NatGas Pipeline
Kinder Morgan plans to keep boosting its capacity to the Southeast and is moving forward with a 206-mile pipeline with an initial capacity of 1.5 Bcf/d. This post appeared first on Hart Energy.
Read More...Antis Pressure OH Gov. to Veto Bill Extending Fracking of State Land
One week ago, MDN told you that Ohio House Bill (HB) 308 had passed votes by both the full House and Senate and was heading to the desk of RINO Gov. Mike DeWine for his signature (see OH Senate Passes Bill Extending Time Drillers Can Frack State Land). HB 308 extends the standard lease terms…
Read More...NYMEX NatGas Price Rose 5% Last 2 Days – 4th Highest Price in 2024
The price of natural gas, both the Henry Hub NYMEX futures price and the spot price, essentially drives more (or less) drilling for natural gas. Hence our frequent coverage of the price, at least when that price is over $3 per million British Thermal Units (MMBtus). The “front month” NYMEX contract closed higher again yesterday…
Read More...Reuters Claims U.S. LNG Exports to Hit New All-Time Avg High 2024
Two days ago, MDN brought you analysis from RBN Energy that said U.S. LNG feedgas demand in 2024 would average “just under” the average from 2023, the first time since we began exporting LNG in 2016 that we have not grown our exports year over year (see Biden LNG “Pause” Caused 2024 Exports to Decrease…
Read More...DOE Inspector General Sounds the Alarm on $385B in “Green” Loans
You’ve always known that there’s corruption in the federal government, right? With that much money sloshing around, people with sticky fingers show up and grab some of it for themselves. Today’s story of government corruption will blow your mind. Thanks to the Biden Infrastructure Law and the misnamed Inflation Reduction Act, some $385 billion was…
Read More...Energy & Business Groups Respond to Biden/Granholm LNG “Study”
Yesterday, MDN brought you the news that the Biden Department of Energy (DOE) and its grossly incompetent leader, Jennifer Granholm, released a fake “study” that recommends not approving any more LNG export facilities, claiming we already have enough in the pipeline to last us forevermore (see Biden/Granholm DOE Releases Garbage Anti-LNG Exports “Study”). The study…
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