Alberta’s Ban on Renewables Could Hurt CA$11B in Investments, Says Study
Alberta’s ban on some renewable projects could hurt CA$11.1 billion ($8.24 billion) in investments and stall up to 6.3 GW of solar and wind power capacity.
More U.S. Energy Deals Likely in 2024
The U.S. energy sector has entered a new phase of consolidation as the industry went on a $250-billion buying spree in 2023, and experts see more transactions on the horizon. Dealmaking is on the rise as oil and gas producers are looking to improve longevity of inventories at low cost, and focus on cash that …
Texas Challenges U.S. EPA Over New Rule on Methane Emissions
EPA rule combats toxic gas emissions from oil, gas industry Texas accuses federal regulators of ‘blatant overreach’ Bloomberg Texas, the nation’s biggest energy producing state, filed a complaint asking a court to block a new rule by the US Environmental Protection Agency that targets reductions in methane emissions from the oil and gas industry. State Attorney General Ken …
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Shell’s LNG, Gas and Power Trading Boss Hill to Move On
(Reuters) – Shell’s veteran head of liquefied natural gas (LNG), natural gas and power trading Steve Hill is leaving the company, Shell said on Monday. Hill chose to leave, Shell said, adding he would hand over his responsibilities and his successor would be announced in the coming weeks. He will step down on March 28. Hill …
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Japan Boosts Reliance on Allies Australia, U.S. for Long-Term LNG Supplies
Summary Contracts from Russia, other countries expiring over time Prospect of Russian gas disruption has Japan turning to allies Deals being struck in Australia, US despite political issues TOKYO, March 11 (Reuters) – Resource-scarce Japan is shoring up long-term supplies of liquefied natural gas from close allies Australia and the United States as key contracts …
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U.S. Carbon Pipeline Company Pledges No Oil Recovery, but Bakken Drillers Want It
March 11 (Reuters) – Summit Carbon Solutions, which is trying to build the biggest carbon dioxide capture pipeline in the United States to transport and bury greenhouse gases, has repeatedly pledged its project will not be used by drillers to boost output from oil fields. But Summit has a different message for prospective clients, including …
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EQT, Equitrans Midstream to Merge to Create $35 Billion Firm
(Reuters) – EQT Corp has decided to buy back its former unit Equitrans Midstream in an all-stock deal to create an integrated natural gas provider valued at more than $35 billion, the companies said on Monday. Shares of Equitrans jumped more than 8% in premarket trading, while EQT was down about 1%. Under the terms of …
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Enservco Provides Business Update
Expect Solid 2023 Results and Strong Start to 2024 Announces Recent Dismissal of Class Action Litigation Enhancing Investor Communications with Hiring of Energy-Focused IR Firm – Al Petrie Advisors LONGMONT, Colo., March 11, 2024 (GLOBE NEWSWIRE) — Enservco Corporation (NYSE American: ENSV) (“Enservco” or the “Company”), a diversified national provider of specialized well-site services …
Amplify Energy Update on Southern California Oil Sheen
HOUSTON, March 11, 2024 (GLOBE NEWSWIRE) — Amplify Energy Corp. (“Amplify,” the “Company,” “us,” “we,” or “our”) (NYSE: AMPY) continues to monitor the status of the oil sheen reported on March 7, 2024, off the coast of Huntington Beach, California. Amplify has the following updates to report: Amplify remains confident that the sheen is not …
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EQT, Equitrans to Merge in $5.45B Deal, Continuing Industry Consolidation
The deal reunites Equitrans Midstream Corp. with EQT in an all-stock deal that pays a roughly 12% premium for the infrastructure company.