Buoyed by Oil and Gas, Trump Poised to Retake the White House
President Donald Trump penetrated the blue wall for a second time, taking Pennsylvania’s crucial 19 electoral votes in a nail-biter on election night.
New Joint Venture Announced by GLJ and Energy Fuse to Lead U.S. Carbon Sequestration and Enhanced Oil Recovery Projects
Calgary, Alberta and Houston, TX – GLJ Ltd. (“GLJ”) and Energy Fuse Group LLC (“Energy Fuse”) are pleased to announce the formation of a joint venture aimed at project implementation with industry leading engineering and geosciences products and services for Carbon Sequestration and Enhanced Oil Recovery (EOR) projects across the United States. This strategic partnership …
Twenty Years Ago, Range Jumpstarted the Marcellus Boom
Range Resources launched the Appalachia shale rush, and rising domestic power and LNG demand can trigger it to boom again.
SolarBank to Develop 3-MW Solar Plant in Canada
Called the West Petpeswick project, the DC ground mount community solar project adds to SolarBank’s plans to develop an additional 31 MW of solar projects in Nova Scotia, Canada.
Wind Energy Developer Ørsted Sees Profit Rise, US Challenges Remain
Danish wind company Ørsted reported a 4% increase in earnings and fewer impairments compared to a year ago but faced challenges with U.S. wind.
Diamondback Touts Land, Cheap Gas to Lure Data Centers to Permian
With 65,000 land acres, cheap natural gas and an abundant produced water supply, Diamondback wants to lure power-hungry data centers to West Texas.
Marathon Petroleum’s Q3 Profit Beats, Boosts Share Buybacks by $5 Billion
By Arunima Kumar and Nicole Jao Nov 5 (Reuters) – Oil refiner Marathon Petroleum (MPC.N) reported its third-quarter earnings on Tuesday, beating Wall Street estimates on better-than-expected throughput and utilization rates even as global refining margins decline. The Findlay, Ohio-based company announced an additional $5 billion share repurchase program, and now has $8.5 billion available …
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Oil and Gas Producers Cut US Gulf of Mexico Output Ahead of Storm
Nov 5 (Reuters) – Oil and gas producers began shutting in U.S. Gulf of Mexico output and pulling workers off platforms on Tuesday ahead of a late hurricane season storm threatening offshore fields. The U.S. National Hurricane Center warned of steady to rapid intensification over the next 24 to 36 hours, with Tropical Storm Rafael …
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US Natural Gas Prices Drop 4% on Mild Forecasts
(Reuters) – U.S. natural gas futures fell about 4% on Tuesday on forecasts for mild weather to continue through late-November, keeping heating demand lower than usual for this time of year and allowing utilities to add more gas into storage for at least a couple more weeks. Analysts projected utilities injected more gas than normal …
GLJ, Energy Fuse Form JV Aimed at CCS and EOR Projects
GLJ said the partnership with Energy Fuse aligns with the U.S.’ focus on integrating carbon sequestration activities into state legal frameworks.