Fossil Fuels Decisions Shouldn’t Be A Game of Risk with No Safety Net

fossil fuels Ronald SteinAmbassador for Energy & Infrastructure, Irvine, California .. .… … [Editor’s Note: Those who wish to abolish fossil fuels need to start addressing the risks before plunging ahead because the danger to civilization without a safety net is huge.] We are being told of the world’s forthcoming demise with continued use of

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Still Waiting: Illinois Sees Bipartisan Support For Expanding Natural Gas Service But Governor Has Yet to Sign

Communities and states across the country are analyzing the best paths forward to lower emissions, while ensuring consumers have access to affordable, reliable energy. In Illinois, lawmakers came together and showed strong, bipartisan support for natural gas as a part of that future amid policies that would transition the state away from fossil fuels. At

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Revolution Pipeline A Huge Success Story for Keystone State

Earl BakerEarl Baker Consulting and Former Pennsylvania State Senator … …. [Editor’s Note: The Revolution Pipeline, now online, will take natural gas through Butler, Beaver, Allegheny and Washington counties ensuring energy security.] In a momentous milestone for Pennsylvania, the Revolution Pipeline is now online. Over the past decade, energy has provided the Keystone State and

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Newsom Fracking and Oil Ban Will Make California Ever Less Self-Reliant

germany … …[Editor’s Note: There are so, so many awful governors with no moral compass other than political correctness and control. Gavin Newsom is among the worst.] California Governor Gavin Newsom recently ordered state agencies to stop issuing new fracking permits by 2024 and to look for ways to phase out oil extraction by 2045, despite his

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Colonial Pipeline Incident Suddenly Illustrates Importance of Pipelines!

germany … …[Editor’s Note: The Colonial Pipeline shutdown illustrates just how critical pipelines really are to everyday life as we know it. Even fractivists need gas!] On May 7, 2021, Colonial Pipeline, which delivers about 45 percent of petroleum products consumed on the East Coast, was cyber-attacked. The pipeline transports gasoline, diesel, jet fuel, and

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FERC Told to Stop Playing Politically Correct Games with Pipelines

Jim WillisEditor & Publisher, Marcellus Drilling News (MDN) [Editor’s Note: Some 25 United States Senators, including three Democrats, have warned FERC and its politically correct chair to knock off the games.] If the Federal Energy Regulatory Commission (FERC) thinks it is going to change the rules for how it approves existing, already-filed applications for pipelines, it needs

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Germany Energy Taxes to Go Green with Energiewende Lead It to Go Bust

germany … …[Editor’s Note: Germany energy solutions now being pursued by Biden, California, New York, New Jersey, et al have proven to be disasters on every level.] Germany’s scathing audit report on renewable energy makes readers aware that its Energiewende—the mandated transition to renewable energy—was and continues to be expensive, making the country’s residential electricity prices

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Antero Resources reports 3Q net loss of $536M

Antero Resources reported a net loss of $536 million or $1.99 per diluted share in the third quarter 202, Kallanish Energy reports. That compares to a net loss of $879 million or $2.86 per share in the 3Q 2019. The loss was driven by a $749 million unrealized commodity hedge fair value loss as a

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China’s gas demand to grow 10% this winter

Chinese demand for natural gas is expected to grow by 10% year-on-year this winter, as a Covid-19 recovery spurs higher residential and industrial consumption, state oil companies said on Thursday. Presenting at a gas seminar in Beijing, the companies said demand during the 2020/21 peak winter season is estimated at 148 billion cubic meters (Bcm),

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Shell starts its new ‘era’ raising dividends

Royal Dutch Shell said Thursday it is starting a new era of dividend growth, as it announced a portfolio reshape to meet cleaner energy needs, Kallanish Energy reports. The supermajor decided to raise its dividend by 4% to 16.65 cents in the third quarter and annually thereafter. In April, it had slashed the payout by

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ConocoPhillips reports 3Q net loss of $450M

ConocoPhillips has reported a third quarter 2020 net loss of $450 million or 42 cents per share, Kallanish Energy reports. That compares to 3Q 2019 net earnings of $3.1 billion or $2.74 per share. Third quarter 2020 adjusted earnings were a loss of $300 million or 31 cents a share, compared with 3Q 2019 adjusted

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Six contractors hired to build Keystone XL in US

TC Energy on Thursday awarded more than $1.6 billion in contracts to six major American contractors to build more than 800 miles of the now-stalled Keystone XL Pipeline in three states in 2021, Kallanish Energy reports. The six companies will be responsible for hiring more than 7,000 union workers. The companies are Barnard Pipeline of

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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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Vietnam clears ExxonMobil’s $5B LNG-to-power project

Vietnam has given ExxonMobil the green lights to proceed with the massive LNG-to-power project, estimated to cost $5.09 billion, Kallanish Energy reports. The northern port city said last week authorities have approved the development, which includes power plants and an import terminal. The statement follows on a previous welcome statement by the Vietnamese government in

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Chevron closes merger deal with Noble Energy

Chevron Corp. on Monday announced the closing of its acquisition of Noble Energy, Kallanish Energy reports. The closure came after Noble Energy shareholders had approved the $13 billion deal in a Friday vote. “We are pleased to welcome Noble Energy employees and shareholders to Chevron. Noble’s high-quality assets complement Chevron’s advantaged upstream portfolio and the

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