Global emissions of the potent greenhouse gas methane from oil and gas production dropped 10% in 2020 mainly because of lower output as opposed to concerted climate action, a report by the International Energy Agency (IEA) found. Methane has more than 80 times the warming potential of CO₂ in its first 20 years in the
Read More...Total SA is paying $2.5 billion for a share in India’s Adani Green Energy Ltd. (AGEL) and its solar power assets, in what the French company said was its biggest investment yet in renewables. As it furthers its strategic shift from fossil fuel, the deal will give Total a 20% stake in AGEL and a
Read More...ConocoPhillips Co. completed its acquisition of Concho Resources, one of the largest independent producers in the Permian Basin, following approval by shareholders of both companies, ConocoPhillips said in a Jan. 15 release. The all-stock transaction, which was valued at about $13.3 billion when it was announced in late October, was the biggest deal of 2020.
Read More...Angie Gildea, KPMG’s new U.S. head of energy, admits she questioned whether the growing focus on ESG by the oil and gas industry would continue or take a backseat during the pandemic given the difficult environment. “From what we’ve seen, that focus has actually increased,” Gildea said, “particularly, the social component of ESG.” In this
Read More...As laterals get longer, critical insights are needed. Patrick Hayes, Reservoir Business Development Manager-North America at Tracerco Ltd., sat down with Hart Energy to discuss how tracers have evolved to be an invaluable tool for optimizing completions. For more information, visit https://www.tracerco.com Tracerco use oil, gas and water-based chemical tracers to provide a true understanding
Read More...Dear MDN Reader: Since it is a stock exchange holiday, and to honor the memory of Dr. Martin Luther King, Jr., MDN is taking today off, Monday, Jan. 20. We are sending along an updated calendar of events relevant to the Marcellus/Utica for the next 90 days. Full strength MDN will return Tuesday! Share this:
Read More...in office, and perhaps as soon as his first day, according to a source familiar with his thinking. President Donald Trump had made building the pipeline a central promise of his presidential campaign. Biden, who will be inaugurated on Jan. 20, was vice president in the Obama administration when it rejected the project as contrary
Read More...... … …[Editor’s Note: China threatens our security and environment but has bought off big business, big tech, media and our political establishment.] China is not only building coal-fired plants in its own country, but it is also building them around the world. As of 2019, China had 2,363 active coal-fired power plants and was building another
Read More...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 U.S. oil exports, natural gas reserves, PA UGI deal and much more last week. The Shale Gas News has grown again to
Read More...Although there is much to be done before Chesapeake formally emerges from bankruptcy, the company has reached “a critical milestone” in its future, according to an email sent to employees by CEO Doug Lawler on Thursday morning. Judge David R. Jones approved Chesapeake’s bankruptcy plan, tying a bow around a package of actions that will
Read More...Roger CaiazzaIndependent Researcher and Publisher,Pragmatic Environmentalist of New York … [Editor’s Note: Peaking plants used in New York City are now in the gun sights of climate fanatics but shutting them all down is foolhardy nonsense.] On January 11, 2021 the Climate Leadership and Community Protection Act Power (CLCPA) Generation Advisory Panel met as part
Read More...Garland L. Thompson, Esq.Journalist and Author, Philadelphia [Editor’s Note: Garland Thompson and his associate John Linder lay out an extremely compelling case for the Philadelphia economy if only it will have it.] On the eve of a new presidential administration, my colleagues and I on the downstream end of the business decided to send out
Read More...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. Defeated State Treasurer Talks Super-Pollutants? The office of Pennsylvania State Treasurer is typically just another row office in the Commonwealth. Not
Read More...A new study by the American Gas Foundation unpacks natural gas’ growing role in providing resilience to America’s energy and heating grids. The fuel has helped the grids perform under recent catastrophic events, and with increasing reliance on intermittent, renewable sources and increasing frequency of disruption, it’s important to understand how natural gas seals the
Read More...A national fracking ban would have significant negative impacts on both the American economy and the environment according to a new report released by the Department of Energy. The report found that not only would a fracking ban have “devastating” economic impacts, the economic hit would come alongside increased emissions, negating the perceived benefits of
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