Mitsubishi, Chevron Overcome Hydrogen, Storage Project Woes
ACES Delta developers say the project remains on track for 2025 startup, despite previous supply chain obstacles.
U.S. Natgas End-of-Season Storage to Reach 7-Year High in March
U.S. natural gas storage is on track to end the November-March winter withdrawal season at 2.050 trillion cubic feet (tcf) on March 31, the highest since 2017, according to analysts’ estimates. That compares with 1.850 tcf of gas in storage at the end of the winter withdrawal season in 2023, 2.063 tcf at the end …
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Oil Broadly Steady After Surprise US Crude Stock Drop
Stockpiles unexpectedly declined by 2 MMbbl to 445 MMbbl in the week ended March 15, as exports rose and refiners continued to increase activity.
Crescent Point Energy to Rebrand as Veren Inc.
The company will seek shareholder approval for the change at its upcoming annual and special meeting of shareholders on May 10.
Chevron to Pay over $13 Million in Settlement for California Oil Spills
Reuters Reuters – Chevron will pay $13.1 million in settlement agreements with two California state agencies for past oil spills in Kern County, Bakersfield, the California natural resources agency said on Wednesday, as the major oil producing state strengthens regulations. Chevron, which has already paid for the cleanup costs for its oil spills in 2019, will …
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U.S. Permit Reviews, Red Tape Provoke Energy Conference Debates
U.S. energy permitting delays and the need for streamlined new project reviews dominated conversations among oil and gas executives and lawmakers in meeting rooms and hallways at the CERAWeek energy conference this week. The fossil fuel industry historically has objected to red tape that slows or raises development costs. But the topic has moved higher …
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COMSTOCK RESOURCES, INC. ANNOUNCES $100.5 MILLION INVESTMENT BY MAJORITY SHAREHOLDER
FRISCO, TX, March 20, 2024 (GLOBE NEWSWIRE) — Comstock Resources, Inc. (“Comstock” or the “Company”) (NYSE: CRK) announces that its majority shareholder, Jerry Jones, has agreed to make an additional $100,450,000 equity investment in the Company through two entities he controls. The Jones entities will acquire 12,500,000 shares of common stock in the private placement …
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Proactive, not Reactive: Taking Measures to Keep Oil Stable
Events threatening instability are commonplace in the energy sector. Panelists at CERAWeek by S&P Global discussed the strategies their companies are taking to tackle uncertainty.
Geothermal ‘Could Save the World,’ but Faces Familiar Subsurface Risks
CERAWeek panelists discussed hurdles to widespread use of Earth’s heat to generate power — problems familiar to oil and gas operators.
Jerry Jones Invests Another $100MM in Comstock Resources
Dallas Cowboys owner and Comstock Resources majority shareholder Jerry Jones is investing another $100 million in the company.