Biomethane can help decarbonize Europe’s gas markets, but continued growth depends on policy support, Wood Mackenzie said this week. According to analysts Graham Freedman and Nnenna Amobi, the carbon-neutral renewable gas can be directly injected into existing natural gas infrastructure and decarbonize the heating and transport sectors. That’s because biomethane is a purified form of
Read More...The shipping industry’s “grand challenge” of decarbonization will have to rely on a mix of fuels, rather than wait for the ideal solution to arrive, according to DNV-GL. The consultancy said in its Maritime Forecast to 2050 report that currently there are at least 16 different fuel types and 10 fuel technology systems in the
Read More...While the number of new wells drilled in Pennsylvania declined in 2019, more natural gas gas fracked within the state last year than any previous year, according to the Pennsylvania Department of Environmental Protection. According to the DEP’s 2019 Oil and Gas Annual Report, last year’s production totaled 6.8 trillion cubic feet of natural gas
Read More...How often do royalty payments come? Depending on the company, royalty payments can arrive monthly or quarterly. Are my royalty payments transferable? Yes. If you plan on selling your property, notify the gas company that is leasing your land and your realtor. They will make arrangements to allow the royalty payments to transfer to a
Read More...Natural gas production in the Appalachian and Haynesville shale basins has weathered downturns caused by the coronavirus pandemic better than many other oil-focused shale plays, according to The Oklahoman. Although drilling activity is down in both basins, it hasn’t seen the dramatic declines many other plays have seen. Additionally, the Enverus FundamentalEdge series report notes
Read More...U.S. independent E&P firm Apache Corp. has commenced exploration on a new location in Block 58 offshore Suriname, Kallanish Energy reports. Having already made three oil and oil/gas condensate discoveries in wells throughout the Block earlier this year, Apache confirmed that drilling operations at the Keskesi East-1 well has commenced last week. In a statement,
Read More...Hygo Energy Transition, a joint venture between Golar LNG and Stonepeak Infrastructure Partners, is seeking an initial public offering (IPO) of $485 million, Kallnish Energy reports. According to a regulatory filing to the Securities and Exchange Commission (SEC) on Thursday, the company plans to offer 23.1 million common shares valued at $18-21 apiece. The higher
Read More...Finnish state-owned gas company Gasum has secured a new deal for liquefied natural gas (LNG) delivery and a terminal in Norway, Kallanish Energy reports. The contract, with Norwegian steel manufacturer Celsa Armeringsstål AS, was announced on Friday and includes the supply of LNG and the construction of a customer terminal in the Mo Industrial Park, located
Read More...German wind turbine manufacturer Nordex has secured a contract to supply turbines to a wind farm located in Texas, U.S., Kallanish Energy reports. Under the terms of the agreement, announced on Friday, will see Nordex deliver and install 65 N149/4.0-4.5 wind turbines in the 4.8 megawatt (MW) operating mode, for a total capacity of 312
Read More...The U.S. Department of Energy has awarded $24 million to two projects to commercialize sodium-ion battery development and methane detection technologies, Kallanish Energy reports. A $19 million grant went to California-based Natron Energy and a $5 million grant was awarded to Montana-based Bridger Photonics. The grants were awarded as part of DOE’s Advanced Research Projects
Read More...EQT Corp. submitted a $750 million bid for Chevron’s natural gas assets in the Appalachian Basin and a stake in a natural gas pipeline, according to Reuters. At this time, there is no guarantee the offer will lead a sale to EQT or another company. Both companies declined to comment on EQT’s offer. Chevron has
Read More...Last week Sumitomo Corp. announced it has divested its 30% stake in a joint venture in the Marcellus Shale in western Pennsylvania, according to Kallanish Energy. Through subsidiary Summit Discovery Resources LLC, Sumitomo had acquired the 30% stake in Rex Energy’s Marcellus operations in Butler County, Pennsylvania, for $150.7 million in 2010. However, it had
Read More...The Pennsylvania Department of Environmental Protection ordered Sunoco/Energy Transfer to reroute its planned Mariner East 2 pipeline route and further assess, investigate and restore resources impacted by the project in Upper Uwchlan Township, according to Daily Local News. The company spilled over 8,000 gallons of drilling fluid in August, creating a 15-foot wide by 8-foot
Read More...Both Ohio oil and natural gas production dipped during the second quarter, according to a new Utica Shale production report filed by the Ohio Department of Natural Resources, according to Kallanish Energy. Natural gas production dropped 2.1%, while oil production fell by 11.97% from the first quarter of 2020. Natural gas production totaled 569.4 billion
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
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