Tom ShepstoneShepstone Management Company, Inc. . … You may imagine I’m putting lipstick on a pig but, mark my words, the DRBC ban is a fatal misstep by this gang of public agency thieves. Yesterday, I pointed out why the DRBC fracking ban was a fatal misstep for the agency. It brought to a culmination
Read More...Upwing Energy, an artificial lift technology company serving the oil and gas industry, has been independently certified as a carbon neutral company under the PAS 2060 Carbon Neutrality standard on Feb. 24. The company’s certification will benefit exploration and production companies by adding a carbon neutral company to their supply chain, in addition to
Read More...Mexican national oil company Pemex will receive new funding for its E&P business as part of a broader financial support plan, President Andres Manuel Lopez Obrador said on Feb. 25. Alongside a recently announced tax break, Lopez Obrador said Pemex would get support of around 100 billion pesos ($4.80 billion). Reuters earlier this month reported
Read More...The following information is provided by Eagle River Energy Advisors LLC. All inquiries on the following listings should be directed to Eagle River. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions. Eagle River Energy Advisors LLC has been retained by WOV LLC to divest or farm-out certain operated leasehold assets
Read More...Gazifère, an Enbridge subsidiary, and Evolugen, the Canadian operations arm of Brookfield Renewable, revealed plans on Feb. 25 to build and operate one of Canada’s largest green hydrogen injection projects in Quebec. The approximately $90-million project will see a 20-megawatt (MW) electrolyzer plant built in the city of Gatineau, adjacent to Evolugen’s hydroelectric facilities. Green hydrogen produced via
Read More...French industrial gas company Air Liquide said on Feb, 26 it had agreed to collaborate with Japanese trading house Itochu Corp. for the development of hydrogen mobility markets in Japan. The two companies will initially focus on the development of hydrogen retail infrastructure in Japan, both for passenger vehicles and new commercial vehicles such as
Read More...Children of the ’80s may want to dig their old toys out of the closet or at least prepare to buy new ones. Toy maker Hasbro Inc. announced during a virtual meeting with investors on Feb. 25 that it has deals in hand to remake cartoons featuring some popular toys. So prepare for a surge
Read More...S&P Global Ratings on Feb. 26 revised Woodside Petroleum Ltd.’s outlook to “negative” from “credit watch negative,” citing the Australian oil and gas explorer’s limited financial capability in the face of uncertainty in the sector. The agency also shifted its industry risk assessment on the oil and gas sector to “moderately high” from “intermediate” as
Read More...Chevron Corp. launched a new $300 million fund on Feb. 25 aimed to address challenges facing the oil and gas industry in the so-called energy transition through investments in low-carbon technologies. The U.S. oil major hopes to build on the success of its previous fund, Future Energy Fund, which has already invested in more than
Read More...[Editor’s note: A version of this story appears in the February 2021 issue of Oil and Gas Investor magazine.] Lately it seems my inbox is full of more news about the so-called energy transition and alternative energies than about oil and gas, the latter of which has been in a sort of COVID-19-induced, low-oil-price lull anyway. Admittedly,
Read More...More information on rig counts and activity is available in Hart Energy’s exclusive Unconventional Activity Tracker. Gulf Coast rig count as of February 26, 2021 Date Arkansas Louisiana Mississippi TX Dist. 1 TX Dist. 2 TX Dist. 3 TX Dist. 4 TX Dist. 5 TX Dist. 6 TX Inland, Offshore OCT. 30 0 37 1
Read More...More information on rig counts and activity is available in Hart Energy’s exclusive Unconventional Activity Tracker. Eastern rig count as of February 26, 2021 Date Alabama Florida Illinois Indiana Kentucky Michigan New York Ohio Pennsylvania Virginia W. Virginia OCT. 30 1 0 0 1 0 0 0 6 18 0 8 NOV. 6 0 0
Read More...North American prices for most commodity resins have increased since Feb. 1 as the region deals with the fallout of freezing weather that hit the Texas coast. Beginning Feb. 15, cold weather hit Texas, including its Gulf Coast, where much U.S. resin production is located. Plants were closed in advance of the cold snap, but
Read More...Xcel Energy, a major power utility serving Colorado customers, released its Clean Energy Plan this week that underscores the key role that natural gas will play in reducing emissions in the state while providing reliable, dispatchable power to support renewable sources. By replacing dirtier fuels, the use of natural gas will help Xcel reach its
Read More...Tom ShepstoneShepstone Management Company, Inc. . … You may imagine I’m putting lipstick on a pig but, mark my words, the DRBC ban is a fatal misstep by this gang of public agency thieves. Well, after a decade of pretending they weren’t stealing the gas rights of Upper Delaware landowners, the Commissioners of the Delaware
Read More...