So, global G ... … …[Editor’s Note: Things are bad in Texas, otherwise a great state, due to foolish reliance on wind energy for more and more of its electricity.] In Texas, a cold snap resulted in wholesale electricity market prices at all-time highs in the $1000s of dollars per megawatt hour over Presidents’ Day weekend. That
Read More...Approvals for onshore oil and gas permits in the lower 48 fell by 10% in January with declines across all major basins, according to the most recent monthly statistics compiled by Evercore ISI. Last month permit approvals decreased to 1,688 — a 10% decline month-over-month when compared to December. Permitting in natural gas-focused plays fell
Read More...When the Biden Administration announced a ban on permitting and leasing for oil and natural gas development on federal lands, it argued the policy was needed to protect the environment and address climate change. “In my view, we’ve already waited too long to deal with this climate crisis,” President Biden said after signing the executive
Read More...Natural gas has long been a critical component of our energy mix, and U.S. consumers recognize the value of an environmentally friendly resource that is both reliable and affordable. As cities begin to consider bans on natural gas connections in new buildings, however, a new Morning Consult poll reflects a distinct split in public opinion
Read More...The U.S. oil and natural gas rig count increased by one rig to 457 during the week ended Feb. 10, according to Enverus. However, growth slowed from double-digit increases during the previous two weeks. The week’s single net rig was added on the oil side as oil rigs reached 338. Natural gas rigs decreased by
Read More...The global petrochemical market is projected to grow by as much as 5% a year until 2030 from $435 billion to $729 billion, according to Precedence Research, a Canadian marketing research organization. The increase in petrochemical consumption will be driven by the increasing use of petrochemicals in industrial applications such as construction, automotive, aviation, food,
Read More...Chesapeake Energy emerged from Chapter 11 bankruptcy proceedings in leaner shape and with a new strategic focus to turn its attention to natural gas, according to Forbes. The company’s exit from bankruptcy comes amid renewed optimism about the future prospects for natural gas, both in terms of price and usage around the world. Chesapeake CEO Doug
Read More...For Valentine’s Day this year, park rangers at South Padre Island in Texas would like to remind you to hold onto your balloons. Literally. The park notes that balloons often end up along the shoreline and in water if they are not disposed of properly. One family recovered 60 balloons from just one small section
Read More...Occidental Petroleum Corp. said on Feb. 11 it had restored a major portion of its CEO’s base salary, nearly a year after its management and employees were forced to take a pay cut to battle one of the industry’s worst downturns. CEO Vicki Hollub’s salary was restored to $1 million, effective Jan. 1, with the
Read More...Bill desRosiersExternal Affairs Coordinator, Cabot Oil & Gas … … Moody and Associates is an environmental services company that has become an important part of the natural gas supply chain. Few, if any, of our industry partners have been around as long as Moody and Associates. They have been providing groundwater and environmental services for businesses, municipalities
Read More...U.S. President Joe Biden’s moratorium on drilling on federal lands has prompted lawmakers within his own party to warn that the policy threatens jobs and local budgets in states dependent on fossil fuels. The opposition in states such as Texas and New Mexico presages what is likely to be a big issue in the 2022
Read More...While Pennsylvania, Ohio, and West Virginia have overwhelmingly seen economic growth and development thanks to what’s often called the “game-changing” shale revolution in the Appalachian Basin, the latest attempt from deeply biased, openly anti-oil and gas “researchers” pushes a false narrative signifying otherwise. Coining the region as “Frackalachia,” the report conducted by the Heinz Endownment-funded
Read More...Energy Transfer LP created a new group the Dallas-based company said Feb. 11 is tasked with increasing its efforts to develop alternative energy projects and reduce its carbon footprint. Operator of the infamous Dakota Access Pipeline (DAPL), Energy Transfer has been embroiled in legal battles over the past five years over its DAPL project, which
Read More...Marathon Oil Corp has laid off around 100 U.S. employees, or about 5% of its total workforce, a company spokeswoman told Reuters on Feb. 11, days after the U.S. oil and gas producer cut salaries for top executives and board members. Although oil prices have raced back above the pre-pandemic level of $60/bbl in recent
Read More...Brookfield Infrastructure Partners LP made an unsolicited CA$7.08 billion (US$5.6 billion) offer on Feb. 10 to buy Canada’s Inter Pipeline Ltd. as it seeks to benefit from rebounding oil and gas demand, after an approach last year was rebuffed. Brookfield, which owns and operates assets in the utilities, transport and storage sectors, said it has
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