Colorado’s voters rejected a de facto ban on oil and natural gas development via extended setbacks by a wide margin in 2018. Nonetheless, the Colorado Oil & Gas Conservation Commission is now leveraging the SB 181 rulemaking process to propose “a 2,000-foot buffer or setback – four times the current standard for urban areas.” It’s
Read More...Not only is West Texas and Southeast New Mexico home to the world’s highest producing oilfield, but the prolific Permian Basin production is enabling the region to have one of the fastest growing economies in the country, according to a recently released Permian Strategic Partnership (PSP) report. According to the PSP report, Permian oil and
Read More...On Tuesday, Equitrans Midstream Corp. announced it still plans on completing the $5.4-$5.7 billion Mountain Valley natural gas pipeline from West Virginia to Virginia early next year, according to Reuters. The company’s statement comes after a decision by the U.S. Fish and Wildlife Service to issue a new Biological Opinion on Sept. 4, which the
Read More...The U.S. Fish and Wildlife Service (USFWS) has issued a new Endangered Species Act review of the Mountain Valley Pipeline LLC’s 2 million Dth/d, 303-mile Appalachian natural gas pipeline, according to Natural Gas Intelligence. The USFWS notified the Federal Energy Regulatory Commission last week that it had finished drafting a current Biological Opinion (BiOp) and
Read More...The last twinkle of Fourth of July fireworks had barely faded from the television screens of a quarantined America when the country learned that the Atlantic Coast Pipeline (ACP) project, a key element in plans for its growing energy infrastructure, would be canceled. How could this have happened? ACP, a joint project of Dominion Energy
Read More...Oilfield job losses from the COVID-19 pandemic topped 100,000 in the U.S. in August, according to a report released on Sept. 8 by trade group Petroleum Equipment & Services Association (PESA), even though some idled drilling projects have resumed. There was 121,000 oilfield jobs lost in the last 12 months, the report said, with employment
Read More...Oil producers in the top U.S. shale fields are stockpiling drilling permits on federal land ahead of the November U.S. presidential election, concerned that a win by Democratic candidate Joe Biden could lead to a clamp-down on oilfield activity. Federal permitting in the Permian Basin, located in Texas and New Mexico, is up 80% in
Read More...The global energy storage market is projected to grow to $546 billion by the year 2035, according to a new recent report by Florida-based Lux Research. One of the largest markets with an expected 76% compound annual growth rate and an increase in revenues of $8 billion in the next three years is residential storage,
Read More...ExxonMobil has announced its 18th offshore Guyana crude oil discovery at the Redtail-1 well, Kallanish Energy reports. That discovery will add to the 8 billion oil-equivalent barrels projected from the Stabroek Block. “Our Stabroek Block exploration program continues to identify high-quality reservoirs in close proximity to previous discoveries, establishing efficient opportunities for new projects in
Read More...French supermajor Total has given up operatorship of five oil and gas exploration blocks offshore Brazil, Kallanish Energy reports. The company said, in a statement on Monday, it had notified its partners Petrobras and BP on August 19 of its resignation in the environmental-sensitive Foz do Amazonas Basin. In 2018, the Brazilian environment regulator Ibama
Read More...Liquefied natural gas (LNG) exports from Australia’s Gladstone port remained consistent during August, with China again accounting for the highest levels of exports, Kallanish Energy reports. According to shipping data from Gladstone Port Corporation, the port exported a total of 1.66 million tonnes (Mt) of LNG spread over 25 shipments last month. In July, the port exported
Read More...A new report examining various scenarios of hydrogen adoption in North-West Europe has found that demand could exceed 700 terrawatts (TWh) by 2050, Kallanish Energy reports. The hydrogen in the Northwest European energy system report, published by Aurora Energy Research, assesses the role of hydrogen in the energy systems of Germany, Belgium, and the Netherlands,
Read More...The newly formed outlet Colorado Newsline, that’s funded and supported by political donors and part of a larger national network of other partisan “news” websites, published a story over the weekend accusing the oil and natural gas industry of presenting flawed research to the Colorado Oil and Gas Conservation Commission as it considers additional regulations
Read More...Roger CaiazzaIndependent Researcher and Publisher,Pragmatic Environmentalist of New York … [Editor Comment: Andrew Cuomo’s Climate Action Council is yet another cruel joke on New York ratepayers; more about political optics than energy needs.] On July 18, 2019, Governor Cuomo signed into law the Climate Leadership and Community Protection Act (“Climate Act”). It is among the most ambitious
Read More...ConocoPhillips Co. on Sept. 8 said that Eric Mullins, cofounder of Lime Rock Resources LP, had been elected by its board of directors to serve as a board member of the Houston-based independent E&P company. Mullins has spent his career in finance, most recently founding Lime Rock Resources alongside partner Charlie Adcock in 2005, a private
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