Report: LNG Canada Expected to Start Production Within Days
LNG Canada will be the only west coast export terminal in North America. Canada has plans to become a significant player in the LNG sector by the end of the decade.
Plan to Convert Frac Water into Hydrogen Could Bring $5MM/Year
A group of collaborators are working to convert frac wastewater into clean hydrogen in an initiative that could lead to hydrogen sales of up to $5 million annually.
Mideast Oil Giants Bring Their Billions in Search of LNG Riches
By Anna Shiryaevskaya and Verity Ratcliffe The Golden Pass LNG terminal under construction in Sabine Pass, Texas. Photographer: Callaghan O’Hare/Bloomberg A new breed of investors is expanding into liquefied natural gas, one of the world’s hottest commodities, offering billions of dollars for new projects and squeezing out established players. With financial firepower at their disposal …
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Lower-Cost Horseshoe Wells Gaining Traction in Tight Leaseholds
Operators such as Matador Resources, Vital Energy and Comstock Resources have drilled more than 60 U-shaped laterals this year.
US Crude Inventories Fall by Most in a Year, Fuel Stocks Build, EIA Says
(Reuters) – U.S. crude oil stockpiles fell sharply last week, posting their largest decline in a year, while gasoline and distillate inventories rose, the Energy Information Administration said on Wednesday. Crude inventories fell by 11.5 million barrels to 420.9 million barrels in the week ending June 13, the EIA said, compared with analysts’ expectations in …
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Texas’ RRC Approves Salt Dome NatGas Storage Project Near Houston
The Gulf Coast Midstream Partners’ FRESH facility would add about 26 Bcf of storage to southeast Texas in its first phase. The project is pending a final investment decision.
Rockies Focused Prairie Pursuing M&A Post Bayswater Bolt-On
Prairie Operating CFO Greg Patton describes the company’s shift into the E&P space and its potential M&A plans following Prairie’s $600-million D-J acquisition from Bayswater Exploration and Production.
Ormat Closes Acquisition of Blue Mountain Geothermal Power Plant for $88MM
Located in Nevada, the 20-megawatt geothermal plant will increase Ormat Technologies’ electricity segment generating portfolio to nearly 1.3 gigawatts.
LNG, AI Fervor Raises M&A Interest for US Shale Gas—PwC
Power shift: While E&P dealmaking stalls amid tariffs and price swings, gas-fired assets and utilities are fueling a new M&A surge, PwC finds.
Oil Edges Higher as Iran-Israel Conflict Enters Sixth Day
Oil prices edged higher on June 18 in a volatile session as investors weighed the chance of supply disruptions from the Iran-Israel conflict and potential direct U.S. involvement.