Oil prices settled at their highest in nearly two months on Jan. 26 as positive U.S. economic growth and signs of Chinese stimulus boosted demand expectations. This post appeared first on Hart Energy.
Read More...New York State has received bids to supply power from three offshore wind projects in its expedited fourth solicitation that allowed developers to exit old contracts and re-offer projects at higher prices. This post appeared first on Hart Energy.
Read More...Questions continue to swirl around California’s climate lawsuit, launched by Governor Gavin Newsom and Attorney General Rob Bonta in September. The latest, however, centers around the involvement of Center for Biological Diversity (CBD), a well-known national “Keep It In the Ground” group tied to a variety of anti-energy billionaires whose fingerprints are seemingly all over the case. New emails obtained by Government Accountability
Read More...Here is a look at some of this week’s renewable energy news, including NextEra Energy’s growing renewable energy backlog. This post appeared first on Hart Energy.
Read More...Glenfarne expects the Texas LNG project’s commercialization to be completed in the first half of 2024. This post appeared first on Hart Energy.
Read More...As climate activists declare a win, the Department of Energy secretary says the pause is needed to update current policy. This post appeared first on Hart Energy.
Read More...Cheniere’s quarterly cash dividend is payable on Feb. 23 to shareholders of record by Feb. 6. This post appeared first on Hart Energy.
Read More...Rystad Energy sees little support for Henry Hub prices in the U.S. as dry gas production rises after the Jan. 17 Arctic freeze that impacted all of the Lower 48 states. This post appeared first on Hart Energy.
Read More...Despite exiting Adams Fork Project, CNX Resources expects 2024 to yield even greater cash flow. This post appeared first on Hart Energy.
Read More...The White House has made official what we warned you about yesterday (see Biden Attacks NatGas by Blocking 17 U.S. LNG Export Terminals). This morning, the Biden administration announced it has put “a temporary pause on pending decisions of Liquefied Natural Gas exports.” The reason? The so-called “climate crisis” is “the existential threat of our…
Read More...There were 20 new permits issued to drill in the Marcellus/Utica during the week of Jan. 15 – 21, versus 24 permits issued during the prior week. Pennsylvania issued 11 new permits last week. Ohio issued 9 new permits. West Virginia had a big, fat zero new permits last week. Ascent Resources scored the most…
Read More...Yesterday, CNX Resources issued its fourth quarter and full year 2023 update. The company’s earnings totaled $537.83 million, or $2.89 per share in 4Q23. That compares with $1.17 billion, or $5.68 per share, in last year’s fourth quarter (down 54%). CNX’s revenue for 4Q23 fell 39% to $999.56 million from $1.64 billion last year. On…
Read More...Anti-fossil fuel fanatics in Ohio (and beyond) still can’t accept that they lost a battle to block drilling under (not on) Ohio state-owned land, including some Ohio state parks. In November, the Ohio Oil & Gas Land Management Commission (OGLMC) met in a public forum and voted to allow shale drilling under three state-owned tracts…
Read More...About one month ago, the Wall Street Journal published an article about BKV Corporation (Banpu Kalnin Ventures), the American arm of Banpu, Thailand’s largest coal mining company (see Bumpy Financial Road for BKV – Company Bets on Carbon Capture). The article pulled the curtain back to give us a better view of what happened with…
Read More...The Algonquin Gas Transmission pipeline (owned by Enbridge) transports up to 3.09 Bcf/d through 1,131 miles of pipeline. Algonquin connects to Texas Eastern Transmission (TETCO), Millennium Pipeline, and Maritimes & Northeast Pipeline and supplies New England with critically needed natural gas supplies for power generation and consumer use. As we told you in September, Enbridge…
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