Earlier this year, Sempra Infrastructure, a subsidiary of Sempra, announced it had reached a positive final investment decision (FID) for the development, construction, and operation of the Port Arthur LNG Phase 1 project in Jefferson County, Texas (see Port Arthur LNG Pulls Trigger on FID, Tells Builder to Start Work). Sempra worked out all of…
Read More...Berry Corp. recently closed a multimillion-dollar acquisition to grow its footprint in California. But Berry wants to add even more scale through M&A, especially outside of the Golden State. This post appeared first on Hart Energy.
Read More...As 2023 closes and we look ahead, energy prices remain volatile and dependent on weather and geopolitical factors. This post appeared first on Hart Energy.
Read More...San Diego-based Sempra expects to announce a final investment decision (FID) for its Cameron LNG Phase 2 project in 2024, according to Justin Bird, the CEO of Sempra affiliate Sempra Infrastructure. This post appeared first on Hart Energy.
Read More...BKV’s Barnett Zero is the first of two carbon capture and sequestration facilities the Barnett Shale producer plans. This post appeared first on Hart Energy.
Read More...Pipeline company M&A continues as Lower 48 production soars while midstream companies also hiked dividends despite weak commodity prices. This post appeared first on Hart Energy.
Read More...Natural gas and oil development in the Muskingum Watershed Conservancy District (MWCD) has brought $1 billion of economic impact to the region, according to a new analysis by Cleveland State University. The historic partnership has also supported 2,606 jobs totaling nearly $300 million in wages and benefits over the past nine years, while bringing increases
Read More...In January 2016, Invenergy announced its intention to build a natural gas-powered electric plant in rural Elizabeth Township, in Allegheny County, PA (see Invenergy Eyes SWPA for Second Marcellus-Powered Electric Plant). It took a few years, a lawsuit, and a new location, but eventually, Elizabeth commissioners approved Invenergy’s plan in December 2018 (see Elizabeth Twp…
Read More...In January, Ohio House Bill (HB) 507 became law with the signature of Gov. Mike DeWine (see OH Gov. Signs Bill Expanding Drilling in State Parks, NatGas “Green”). The new law allows shale drilling under (but not on top of) Ohio state-owned land, including state parks. HB 507 encourages (pushes for) more drilling under state-owned…
Read More...Freeport LNG’s export facility on Quintana Island, TX, is again experiencing problems. Freeport LNG’s export terminal with three liquefaction “trains” shut down in June 2022 after an explosion and fire (see Explosion Rocks Freeport LNG Export Plant – Offline for 3 Weeks). What was initially thought to be a three-week outage lasted for ten months!…
Read More...The latest monthly U.S. Energy Information Administration (EIA) Drilling Productivity Report (DPR) for November, issued yesterday (below), shows EIA believes shale gas production across the seven major plays tracked in the monthly DPR for December will *decrease* production from the prior month of November — by a significant quantity. This is the fifth month in…
Read More...In May, the Bidenistas at the Environmental Protection Agency (EPA) released a hellscape of new regulations called the Clean Power Plan 2.0, aimed at forcing coal- and natural gas-fired power plants to close (see New Biden EPA Regs a “Death Sentence” for Fossil-Fuel Power Plants). The nation’s electric grid is at stake. The EPA is…
Read More...Exxon Mobil’s valuation of Pioneer Natural Resources plus new Endeavor data suggests buying Endeavor Energy Resources could come with a high price tag, according to Hart Energy analysis. This post appeared first on Hart Energy.
Read More...Here’s a roundup of the latest E&P headlines, including a small but commercial discovery in the North Sea and new contract awards. This post appeared first on Hart Energy.
Read More...Brazil’s Petrobras said its gross long-term debt reached $61 billion in the third quarter, which marks the first time the state-owned company’s debt has passed the $60 billion threshold since second-quarter 2021. This post appeared first on Hart Energy.
Read More...