Colonial Pipeline Co. paid Eastern European hackers nearly $5 million on Friday last week to resume operations, according to Yahoo Finance. The latest intel on the matter contradicts earlier reports saying the company had no intention of paying an extortion fee to help restore the country’s largest fuel pipeline, according to sources familiar with the
Read More...Equitrans Midstream Corp. recently announced the Mountain Valley Pipeline’s projected in-service date has been pushed back again, according to the Charleston Gazette-Mail. The company announced it was moving its targeted in-service date from the end of 2021 to the summer of 2022. It predicts the delay will add at least $200 million to the now
Read More...The Pennsylvania legislature is revisiting the prospect of looser environmental standards to conventional oil and gas drillers, according to StateImpact Pennsylvania. If passed House Bill 1144 would make it so companies don’t have to report oil spills under five barrels or brine spills under 15 barrels “unless there is an immediate threat to public health,
Read More...The largest natural gas producer in the U.S. has agreed to acquire more Appalachian assets in a $2.9 billion deal with Alta Resources Development LLC, according to Bloomberg. EQT Corp. will acquire Alta’s interests in upstream and midstream businesses and add 300,000 acres in the Marcellus Shale. The deal comes six months after EQT agreed
Read More...Pipeline and Hazardous Materials Safety Administration releases more details about its investigation into issues with Shell’s Falcon pipeline, which travels through Pennsylvania, West Virginia and Ohio, according to Farm and Dairy. The administration stated that it looked at photos of two pieces of pipe, in a letter to FracTracker Alliance, but could not substantiate a whistleblower’s claims that
Read More...What is fracking? Fracking is a slang term for hydraulic fracturing. Fracturing is a process by which highly pressurized fluid is pumped thousands of feet into the ground to fracture rock formations. The goal is to release the natural gas that’s locked inside the rock. Is it safe? What most concerns people about fracturing is
Read More...An energy company that services natural gas fields in central and western Pennsylvania will pay $2 million for 31 violations of the Clean Air Act, following a court decision last month, according to PennLive. U.S. Middle District Judge Matthew W. Brann imposed the fine on April 20, after Rockwater Northeast admitted to the violations. The
Read More...United States Steel Corp. has deserted its plan to drill Marcellus Shale wells on the 10 acres near its Edgar Thomson steel mill near Pittsburgh, according to Natural Gas Intelligence. The decision to exit its lease agreement with New Mexico-based Merrion Oil & Gas Corp. was announced by spokesperson Amanda Malkowski. Merrion Operations Manager Ryan
Read More...The U.S. Supreme Court heard arguments in an appeal by Penn East Pipeline Company LLC, on Wednesday, vying to seize land owned by New Jersey to build a $1 billion natural gas pipeline, according to Reuters. Opposing the joint venture backed by a group of energy companies, the state argues its rights would be trampled.
Read More...American Energy Partners Inc. recently announced its plans to acquire three small oil and natural gas producers in western Pennsylvania and West Virginia, according to Natural Gas Intelligence. The deal is valued at nearly $11 million. American Energy Partners Inc. said it would acquire all of the stock and units of the three undisclosed companies.
Read More...President Joe Biden recently announced a goal of reducing greenhouse gas pollution by 50% by 2030, while creating millions of “good-paying, union jobs,” according to The Philadelphia Inquirer. While environmentalists were encouraged by the president’s announcement on Earth Day, the natural gas industry is concerned about what this pledge means for its future. Biden’s recent
Read More...The US oil and gas rig count decreased for the first time this year, falling 11 to 530 during the week ended April 21, according to Enverus. Oil rigs dropped 15 for the week, bringing the total to 404. Natural gas rigs gained four, bringing the total to 126. The Permian Basin saw the biggest
Read More...Although natural gas consumption in some sectors is expected to grow this year, overall natural gas consumption is forecasted to drop in 2021 and 2022, according to the U.S. Energy Information Administration’s April Short-Term Energy Outlook. Natural gas consumption is expected to decrease .3 Bcf/d in 2021 and .9 Bcf/d in 2022. Last year natural
Read More...EQT is joining the initiative to ensure most of its natural gas is responsibly sourced as the global market searches for energy sources outside of fossil fuels, according to Natural Gas Intelligence. The pilot program will certify around 4 Bcf/d gross from over 200 well pads in Greene and Washington counties in Pennsylvania. it is
Read More...The U.S. oil and gas rig count increased by 13 rigs during the week ending April 14, bringing the total to 541, according to Hellenic Shipping News. The jump was encouraged by private operators continuing to add vertical rigs in more conventional oil and gas plays. Oil plays saw the most growth with the rig
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