Industry News

Shell Says Venture Global Wrongfully Earned $3.5B from CP LNG Sales

Shell is putting numbers to the gross transgression of Venture Global in screwing over its contracted customers for LNG shipments. Venture Global’s Calcasieu Pass LNG export facility received Federal Energy Regulatory Commission (FERC) authorization to place the final three liquefaction blocks (7-9) into service in November 2023 (see Venture Global Gets FERC OK to Commission…

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NY Gov. Hochul Makes it Clear That She Hates Fracking

Yesterday, MDN told you that if The Cackler (Kamala Harris) can turn on a dime and supposedly embrace fracking, why can’t leftist New York Governor Kathy Hochul do the same (see A Plea to NY Gov. Hochul to Overturn the Ban on Fracking in Upstate). Perhaps Harris’ supposed change of heart would inspire (give excuse…

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Other Stories of Interest: Fri, Sep 6, 2024

OTHER U.S. REGIONS: Berkeley now plans to tax buildings using natgas; NATIONAL: The leftwing judicial ethics crisis no one is talking about; Small storage build creates bullish shock to gas market; INTERNATIONAL: Egypt seeks to import more LNG for winter; Oil, gas will remain central to energy mix for foreseeable future; US imposes sanctions on…

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Noble Closes $1.6B Diamond Acquisition

Noble Corp.’s cash-and-stock deal to acquire Diamond Offshore Drilling comes as service companies continue to consolidate in an aftershock of widespread upstream M&A. This post appeared first on Hart Energy.

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Williams Adding 4.2 Bcf/d of New NatGas Pipes 2024-2027, More Later

The CEO of midstream giant Williams, Alan Armstrong, spoke at the Barclays CEO Energy-Power Conference yesterday. He gave conference attendees an update on the many (many!) projects Williams has recently completed, is currently completing, and is likely to complete in the future. The company is on track, said Armstrong, to add 12 new pipeline projects…

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RGGI Carbon Tax on Track to Hit New All-Time High of $27/Allowance

In 2019, when then-Pennsylvania Gov. Tom Wolf announced he would unilaterally force the state to join the Regional Greenhouse Gas Initiative (RGGI), a carbon tax scheme aimed at forcing coal- and gas-fired plants out of business, he claimed the tax would only amount to a few dollars per allowance (or “short ton”) of CO2 (see…

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