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Permian Basin Gas Capacity to Increase with Matterhorn Pipeline Launch, EIA Says

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Natural gas pipeline takeaway capacity in the Permian Basin will increase as the Matterhorn Express pipeline is expected to start operating this month, the U.S. Energy Information Administration (EIA) said on Tuesday. Matterhorn, a joint venture with Whitewater, EnLink Midstream, Devon Energy, and MPLX, will transport natural gas from the Permian Basin to Katy near …

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Equinor Makes Gas, Oil find in Norwegian Sea

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(Reuters) – Norway’s Equinor has discovered gas and oil in the Haltenbanken Vest Unit prospect in the Norwegian Sea, the Norwegian Offshore Directorate said on Tuesday. The well was drilled in connection with the Lavrans discovery, which is part of the Kristin field, according to the offshore directorate. Preliminary estimates indicated a discovery of between …

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Oil Majors Not Cooperating With Trump Funds Probe, Lawmakers Say

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Major US oil and gas companies haven’t been cooperating with a congressional investigation into whether Republican presidential candidate Donald Trump made a “quid pro quo” offer to roll back environmental regulations in exchange for campaign donations, Democratic lawmakers said. Trump sought $1 billion in contributions during an April fund-raising meeting with oil and gas executives at his …

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Texas Capital Ratchets Up Oil Deals as Other Banks Quit Market

Conventional Energy, Energy Topics & Technology, Finance, Latest, Natural Gas, Oil, US News / By

Texas Capital ranks among banks making biggest inroads Banks are spreading risk through new syndication models A number of US and Canadian regional banks are rapidly expanding their presence in the market for oil, gas and coal dealmaking, in a move that promises to redraw the map for the financing of fossil fuels. Among those …

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Tropical Storm Francine Disrupts Gulf Coast Oil, Gas Output

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System to become a hurricane Tuesday on path toward Louisiana Chevron halts production at two oil platforms ahead of storm   Tropical Storm Francine is set to become a hurricane Tuesday as it churns toward Louisiana, forcing some oil drillers to halt production and evacuate crews in the Gulf of Mexico. Strong winds and a dangerous …

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Gulf of Mexico Oil Production Could Stall After Court Ruling, Industry Warns

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A major U.S. oil and gas trade group on Monday warned that energy production in the Gulf of Mexico could stop if the Commerce Department does not act quickly to publish a new assessment of how endangered species should be protected in the region. WHY IT’S IMPORTANT A court ruling by a federal judge last …

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U.S. Oil Firms Evacuate Staff, Cut Drilling Ahead of Storm Francine

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U.S. Gulf of Mexico oil and gas producers were evacuating staff and curbing drilling to prepare for Tropical Storm Francine on Monday as it churned through the energy region on a path to bring high winds and drenching rains to the U.S. mid-South. Francine is likely to bring life-threatening storm surge to the upper Texas …

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Trump, Harris Eye Pennsylvania as Main Battleground of 2024 – Fracking and Steel Big Issues

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Swing state with most Electoral College votes draws resources Tuesday debate in Philadelphia underscores state’s importance Pennsylvania is emerging as the top battleground in the White House race with Kamala Harris and Donald Trump increasingly focusing their attention and resources on the Keystone state. The most populous of the swing states, Pennsylvania — with its 19 Electoral College votes …

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Divesting From Energy Firms Counterproductive, Could Increase Emissions: Yale Professor

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Study finds that when high-polluting firms have easy access to public investor money, emissions go down By Deborah Jaremko Follow CEC on LinkedIn  CEC LinkedIn Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Kelly Shue is a professor of finance at the Yale School of Management. Photo courtesy Yale School of Management A finance …

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Oil Field Jobs and Pay Drop as U.S. Shale Consolidation Takes Hold

Conventional Energy, Energy Topics & Technology, Latest, OFS-Oilfield Services, Oil, Tri-Pinned, US News / By

The number of workers in US oil fields and the amount they’re paid have now fallen for two straight months to their lowest levels this year, indicating the wave of mergers and acquisitions in the sector are taking a toll on employment. The overall number of front-line US oil and gas workers fell 1.2% on a month-over-month …

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