Industry Players Get Laser Focused on Emissions Reduction
Faced with progressively stringent requirements, companies are seeking methane monitoring technologies that make compliance easier.
GridStor Acquires Battery Storage Project from Black Mountain
GridStor’s acquisition of the battery energy storage project in Oklahoma from Black Mountain Energy Storage comes amid a need for new power resources to support the region’s electric system reliability.
US Interior Nominee Says Permitting Reform Needed to Speed Energy Projects
(Reuters) – U.S. Interior Secretary nominee Doug Burgum told lawmakers during his confirmation hearing on Thursday that permitting reform is needed to speed energy projects, particularly to boost power production. “We’ve got to get to work in permitting reform and speeding permitting right now,” he said. “Electricity is at the brink. Our grid is at …
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Burgum: Yes to US Power Supply, Reliability; No on Sage Grouse
Interior Secretary nominee Doug Burgum said the sage grouse is neither endangered nor threatened; he’ll hold federal leases as scheduled; and worries the U.S. is short of electric power and at risk of losing the “AI arms race” to China and other adversaries.
Flowco Valued at $2.55 bln as Shares Jump in Strong NYSE Debut
(Reuters) – Shares of Flowco Holdings opened nearly 21% above the initial public offering price in their market debut on Thursday, giving the oilfield services provider a market value of about $2.55 billion. The company’s shares opened at $29 apiece, compared with the IPO price of $24. Hopes of a friendlier regulatory environment for deals …
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US NatGas End-of-Season Storage to Slide to Three-Year Low in March
(Reuters) – U.S. natural gas storage is on track to end the November-March winter withdrawal season at a three-year low of 1.811 trillion cubic feet (tcf) on March 31, 2025, according to analysts’ estimates. That compares with an eight-year high of 2.306 tcf of gas in storage at the end of the winter withdrawal season …
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Trump’s Treasury Pick Bessent Calls for Stronger Sanctions on Russia Over Ukraine War
(Reuters) – President-elect Donald Trump’s pick for Treasury Secretary, Scott Bessent, said he “100%” supports raising sanctions on Russian oil producers if the future president requests doing so. Bessent told U.S. senators on the Senate Finance Committee that he believes the Russian sanctions from the Biden administration “were not fulsome enough.” “I think if any …
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Chevron, Brightmark Mark Milestone with First Gas at 10 RNG Plants
Chevron and Brightmark Fund Holdings’ facilities in Iowa, Michigan, Ohio, South Dakota and Wisconsin are producing RNG using biogas from dairy livestock.
Pearl Again Backs Williston E&P Eagle Mountain Energy Partners
Private equity firm Pearl Energy Partners will back Eagle Mountain Energy Partners II, which last year exited its Williston Basin assets in a nearly $300 million deal with TXO Partners.
TXO Announces 3 Tcfe NatGas Potential in San Juan Basin
TXO Partners plans exploit a 3,520-acre play as Phase 1 development in the Mancos Shale.