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FREE Pandell Leadership Series Webinar, Unlocking Efficiency: Revolutionizing Corporate ARO Reporting Through Technology

Company Announcements, Latest / By

How Technology Helps Garner Information from Work Already Done Are you managing your Asset Retirement Obligations (ARO) effectively? Despite software solutions purpose-built for oil and gas companies to manage, track, and calculate ARO, many companies choose to manage their ARO programs using spreadsheets. But as ARO Management has grown in importance and complexity, managing an …

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Exxon, Enbridge Sued by Competitor Over Crude Oil Transportation

Latest, US News / By

(Reuters) – Exxon  and Canada-based crude pipeline operator Enbridge  were sued in Illinois federal court on Tuesday over claims they barred a competitor from building a terminal to ship oil by barge from the Chicago area to refineries in the Midwest and Gulf of Mexico. The antitrust lawsuit from energy infrastructure developer Ducere seeks more than $11 million in …

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EU Official Says Biden Pause on U.S. LNG Exports Will Not Hit Supply Short-term

Conventional Energy, Latest, LNG / By

WASHINGTON, Feb 13 (Reuters) – President Joe Biden’s decision to pause approvals of new exports of liquefied natural gas will have no affect on U.S. supplies to Europe over the next two or three years, a European Commission official said on Tuesday after meeting U.S. officials. “What was of course very important for me, was reassurance …

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U.S. Natgas Prices Fall 5% to 3-1/2-Year Low on Mild Winter Weather

Conventional Energy, Latest, Natural Gas, US News / By

U.S. natural gas futures fell about 5% on Tuesday to a fresh 3-1/2-year low on near-record output, ample amounts of fuel in storage and forecasts for warmer weather and less heating demand next week than previously expected. Traders also noted that gas flows to U.S. liquefied natural gas (LNG) export plants should remain low so …

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U.S. Appeals Court Rejects Renewed Challenge to Mountain Valley Pipeline

Energy Topics & Technology, Latest, Pipelines, US News / By

A federal appeals court has for the second time rejected a challenge by property owners to the Mountain Valley Pipeline’s use of eminent domain, finding that a federal law bars the case despite a recent U.S. Supreme Court ruling that made it easier to sue federal agencies. In a unanimous, unsigned opinion on Tuesday, a …

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Chesapeake Energy Signs LNG Export Deal with Gunvor, Delfin

Conventional Energy, Latest, LNG, US News / By

Reuters Feb 13 (Reuters) – Chesapeake Energy  has entered a long-term liquefied natural gas (LNG) export deal with Delfin LNG and global energy trader Gunvor Group, the U.S. natural gas producer said on Tuesday. Chesapeake, which has agreed to acquire smaller rival Southwestern Energy in a $7.4 deal billion, will buy about 0.5 million tonnes (mtpa) …

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Halting American Natural Gas is a Dangerous Political Dance

Conventional Energy, Latest, LNG, Natural Gas, US News / By

Tim Tarpley On March 25, 2022, President Joe Biden and European Commission President Ursula von der Leyen stood together and pledged to work together to lay the framework for a significant increase in U.S. liquefied natural gas, or LNG, to be imported into the European Union. This decision was vital in helping the European Union’s economies and …

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New Texas Fossil-Fuel Power Plant Planned to Shore Up Shaky Grid

Conventional Energy, Electricity Grid, Energy Topics & Technology, Latest, Natural Gas, US News / By

A new, natural gas-fired power plant is planned for central Texas that will bolster the Lone Star State’s electricity grid while threatening to slow any transition away from fossil fuels. Sandow Lakes Energy Company LLC will construct a 1.2-gigawatt facility about 60 miles (97 kilometers) east of the capital Austin, on the site of a former Alcoa Corp. aluminum smelter. …

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Woodside Seeks Deals After Santos Failure in Push for LNG

CDN and International News, Energy Topics & Technology, Latest, Mergers and Acquisitions / By

CEO Meg O’Neill focused on LNG in Australia, North America She is not averse to Middle East deals, including with Aramco Woodside Energy Group Ltd. remains open to acquisitions following a failed attempt to merge with Santos Ltd., as it looks to grow the liquefied natural gas business. “We will keep the door open to a …

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