Natural Gas Now Best Picks – February 11, 2023

Natural Gas Now Best Picks – February 11, 2023 Tom Shepstone Shepstone 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. This week; a warming Antarctica, back in fashion oil and the EV mineral crisis. Look for

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Net Zero Nincompoops Being Mugged by Energy Reality

Net Zero Nincompoops Being Mugged by Energy Reality Robert Bradley Founder and CEO of the Institute for Energy Research Principal, MasterResource: A Free-Market Energy Blog…. .… … [Editor’s Note: Net zero is the bottom line for the accomplishments of net zero climate cultists who are now facing the reality that the green energy transition can’t

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Senate Democrats Attack Big Oil Again, Propose Huge New Taxes

What can we say? Once again, the Democrat Party is trying to demonize fossil fuels and is going after “Big… Continue reading The post Senate Democrats Attack Big Oil Again, Propose Huge New Taxes first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

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Rice Boys’ Paycheck for Selling Renewable Energy Co? $975 Million

Yesterday MDN brought you the news that the company created and backed by Dan Rice (and his brothers), called Archaea… Continue reading The post Rice Boys’ Paycheck for Selling Renewable Energy Co? $975 Million first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

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Petrobras may need new bidding for LNG terminal lease

Brazilian state-run oil company Petrobras may have to start a new bidding process for the lease of a liquefied natural gas (LNG) regasification terminal in Bahia, Kallanish Energy reports. The company said late last week it opened bids from three companies: bp, Compass Gas e Energia and Golar Power. Only one commercial proposal was received,

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BP sells petchem unit to Ineos for $5B

British giants BP and Ineos announced on Monday a $5 billion global petrochemical deal, covering 14 manufacturing plants across Europe, Asia, and the U.S., Kallanish Energy reports. BP’s departing chief financial officer Brian Gilvary stroke the sale of BP’s petrochemical unit to Ineos – an achievement that concludes BP’s $15 billion divestment target a year

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Four Things to Know About Washington D.C.’s New Climate Lawsuit

Washington, D.C. Attorney General Karl Racine sued ExxonMobil, BP, Chevron, and Shell today for allegedly misleading District consumers about the role the companies’ products play in causing climate change. In a move that suggests close coordination, the legal action comes just one day after Minnesota Attorney General Keith Ellison filed a very similar lawsuit. This

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BP invests in geospatial analytic firm to monitor methane emissions

BP said on Tuesday it has invested in a geospatial analytics software company, as part of its plan to monitor and reduce methane emissions, Kallanish Energy reports. Through subsidiary BP Ventures, the company injected $5 million in the cloud-based Geospatial Analytics. The investment will enable Geospatial to develop its technology further and scale its application

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Chevron, Shell lead industry’s resilience at $30/Bbl Brent: WoodMac

Chevron and Shell’s upstream portfolios are the most resilient at oil price at $30 a barrel and offer the highest cash margins at $70/Bbl, according to analysts at Wood Mackenzie. Tom Ellacott and the Corporate Analysis team at the consulting firm have studied the resilience of the seven oil and gas majors: BP, Shell, Chevron,

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BP America taps David Lawler as new chief

David C. Lawler is adding to his titles at BP America, Kallanish Energy reports He is currently the CEO of BPX Energy and will become chairman and president of BP America on July 1, succeeding retiring Susan Dio. He will remain as CEO of BPX Energy. “Beyond a track record of delivering strong safety, environmental

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Climate Activists Are Attacking BP For Warning the Public About Climate Change

It’s been five years since anti-energy activists created the “____ Knew” campaign attacking energy companies for allegedly conspiring to hide climate change from the public, and in that time they’ve managed to rack up a stunning losing streak in the courts. Their latest stunt attempts to flip the script, alleging that “BP Knew” about climate

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BP names Bernard Looney as Dudley’s successor

BP’s board of directors announced today CEO Bob Dudley will retire on March 31, 2020 and will be succeeded by Bernard Looney – who currently heads BP’s Upstream, Kallanish Energy reports. Dudley decided to step down as group chief executive and from the BP Board following delivery of the company’s 2019 full year results on

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BP not interested in Anadarko, other O&G deals

A battle between Chevron and Occidental Petroleum, which now includes billionaire investor extraordinaire Warren Buffett, to take control of U.S. independent producer Anadarko Petroleum, is fueling speculation about more deals to come. But oil supermajor BP Plc CEO Bob Dudley Tuesday said his employer will not get involved. BP acquired BHP Billiton’s U.S. shale assets for

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