The combined onshore and offshore services companies Dril-Quip Inc. and Innovex Downhole Solutions, are expected to generate more than $1 billion in annual revenue. This post appeared first on Hart Energy.
Read More...The U.S. State Department’s sanctions follow earlier accusations against Russia creating a “ghost fleet” of tankers. This post appeared first on Hart Energy.
Read More...Louisiana’s NuQuest Energy said it has also submitted 800 megawatts of utility-scale solar and wind projects to the MISO queue in April. This post appeared first on Hart Energy.
Read More...Here is a look at some of this week’s renewable energy news, including $7.3 billion in clean energy funding for rural Americans. This post appeared first on Hart Energy.
Read More...Here is a compilation of dividends declared by select E&Ps for third-quarter 2024. This post appeared first on Hart Energy.
Read More...Iberdrola, which owns about 81.6% of Avangrid, said in May it would buy Avangrid’s remaining 18.4% stake, held in outstanding shares that Avangrid doesn’t own. This post appeared first on Hart Energy.
Read More...Rating agency Fitch affirmed the default rating of U.S. refiner Citgo Petroleum Corp. at ‘B’ with a stable outlook, while highlighting operational risks and contagion effects from U.S. sanctions on Citgo’s Caracas-based parent PDVSA. This post appeared first on Hart Energy.
Read More...Energy providers are positioning themselves to meet growing power needs, including for large-scale data centers known as hyperscalers. This post appeared first on Hart Energy.
Read More...Mantel Capture Inc. raised $30 million for the demonstration of its high-temperature carbon capture system at an industrial site, paving the way for eventual commercial deployment. This post appeared first on Hart Energy.
Read More...Energy Capital Partners will acquire a majority interest in PROENERGY Holdings, which has a portfolio of 2.4 gigawatts of operating power plants. This post appeared first on Hart Energy.
Read More...For the week of Aug. 26 – Sept. 1, a total of 32 permits were issued to drill new shale wells in Marcellus/Utica, nearly matching the previous week’s 34. It’s nice to see the numbers returning to higher levels. The Keystone State (PA) had 18 new permits. PA’s top recipient was EQT (and its subsidiary…
Read More...Yesterday, the Pennsylvania Independent Fiscal Office (IFO) released its latest quarterly Natural Gas Production Report for April through June 2024 (full copy below). There were 63 new horizontal wells spud (drilled) in 2Q24, a decrease of 26 wells (-29%) compared to 2Q23. That number was also down significantly (37%) from the 100 wells spud in…
Read More...In March of this year, MDN brought the news that the Federal Energy Regulatory Commission (FERC) had approved an Enbridge project to update its East Tennessee Natural Gas (ETNG) pipeline system (see FERC Approves East Tenn. NatGas System Alignment in NC, TN, VA). The project is referred to as the ETNG System Alignment Program Project….
Read More...DRBC Deputy Executive Director Kristen Bowman Kavanagh, P.E. In 1961, the federal government and the governments of Delaware, New Jersey, Pennsylvania, and New York made a huge mistake. They entered into an agreement that created the Delaware River Basin Commission (DRBC). The DRBC has the independent legal authority to oversee and manage the Delaware River…
Read More...Michael German, CEO, Corning Energy Corp. Corning Energy Corporation (formerly Corning Natural Gas) announced yesterday that Michael German, the company’s CEO, will retire effective December 31, 2024, after 18 years with the company. German was the key guy behind the creation of Leatherstocking Gas Company, which runs gas mains to residents and businesses in small,…
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