Industry News

Latin American Producers Position for Energy Transition

As some European oil majors place their bets on renewables and natural gas as the prevailing fossil fuel for the energy transition, players in Latin America—with its bountiful resources—could seize an opportunity with portfolio readjustment. Colombia’s Ecopetrol SA is among the companies making moves. “We want to make gas more important in our portfolio, moving

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‘First-of-its-kind’ Responsibly Sourced Natural Gas Partnership Launches in Colorado

A Colorado natural gas producer, an infrastructure operator and local municipal utility announced a “first-of-its-kind” responsibly sourced gas (RSG) pilot project with Project Canary on March 11. Utilizing the technology of Denver-based Project Canary, the pilot will extend across the energy value chain—from production, transportation and marketing of RSG—for consumer and community use locally in

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Electric Vehicles: A Fantasy of the Rich Subsidized by the Rest of Us

Paul DriessenCommittee For A Constructive Tomorrow …. ….  [Editor’s Note: Electric vehicles are trendy but not very Earth-friendly, affordable or emission-free, for that matter; no, they’re just taxpayer-subsidized virtue signaling.]. Tesla may be synonymous with electric vehicles right now. But within a few years, GM, Volvo and many other manufacturers will be making mostly or

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Shale Gas News – March 6, 2021

Bill desRosiersExternal Affairs Coordinator, Cabot Oil & Gas … … The Shale Gas News, heard every Saturday at 10 AM on 94.3 FM, 1510 AM, 1600 AM, 104.1 FM and Sundays on YesFM, talked about President Biden, carbon tax, natural gas storage and much more last week. The Shale Gas News has grown again to the Williamsport

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Brent Breaks $70 for First Time Since COVID-19 Pandemic Began

Brent crude futures climbed above $70/bbl on March 8 for the first time since the COVID-19 pandemic began, while WTI crude in the U.S. touched its highest in more than two years, following reports of attacks on Saudi Arabian facilities. Brent crude futures for May hit $71.38/bbl in early Asian trade, the highest since Jan.

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Yemen’s Houthis Attack Saudi Oil Heartland with Drones, Missiles

fired drones and missiles at the heart of Saudi Arabia’s oil industry on March 7, including a Saudi Aramco facility at Ras Tanura vital to petroleum exports, in what Riyadh called a failed assault on global energy security. The Saudi energy ministry said there were no casualties or loss of property from the attacks. The

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From Oil and Gas Investor Editor-in-Chief: The Denial of the Euro Majors

[Editor’s note: A version of this story appears in the February 2021 issue of Oil and Gas Investor magazine.] The Netherlands major Royal Dutch Shell Plc is the latest European international oil company to reveal its new strategy to pivot its long-term plan toward many things “green” and away from other things “fossil.” The goal: to be

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Best Places to Work list announced for 2021

Sixteen companies have been named to the Plastics News Best Places to Work list for 2021. The winner will be announced March 17 at the virtual PN Executive Forum event. The eighth annual survey and awards program has split the companies into two categories: processors and suppliers. “This enables us to recognize more firms. It

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Policymakers, Executives at CERAWeek Agree: Natural Gas Remains Critical to Energy Transition

The consensus from CERAWeek is out: natural gas is a key component of the world’s energy transition. Throughout CERAWeek, which took place the first week of March and brings together political leaders, executives, and energy’s most prominent thought leaders, one topic remained top of mind: the energy transition. As climate change becomes an ever-pressing issue,

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Global Warming Scare Tactics Are No Substitute for Facts

Robert Bradley, Jr.Founder and CEO of the Institute for Energy ResearchPrincipal, MasterResource: A Free-Market Energy Blog.. .… … [Editor’s Note: Robert Bradley points out, with examples, that global warming is not an existential threat but something to be studied before acting rashly.] “Is there any more single-minded, simple pleasure than viewing with alarm,” asked ecological

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Natural Gas Now Best Picks of the Week – March 6, 2021

Tom ShepstoneShepstone Management Company, Inc. … … Readers pass along a lot of stuff every week about natural gas, fractivist antics, emissions, renewables, and other news relating to energy. As usual, emphasis is added. Yeah, Natural Gas Is the Good Deed Always Punished Interesting that entire countries believe natural gas use reduces carbon, while radical

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Irrational Fear of Fracking Has Deprived Upstate New Yorkers of A Future

Victor FurmanUpstate New York Landowner, Shale Gas Activist …. ….   [Editor’s Note: Corrupt Andrew Cuomo exploited fear of fracking to advance his own future while stealing that of his Southern Tier constituents.] I remember well the power of fear as a child and it’s influence on my upbringing, Perhaps some of you reading this

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Houston-based Black Bear Sells Alabama Gas Gathering Assets

Black Bear Transmission LLC completed the divestiture of gas gathering assets owned by BBT Alabama LLC (BBT AL) to an undisclosed buyer, the Houston-based company said in a March 5 release. BBT AL owns and operates a fee-based, natural gas gathering system that connects production in Alabama to regional long-haul pipelines. The asset sale consists

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