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OPINION: Vermont is Learning the Hard Way That Renewables Don’t Replicate O&G

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

A new presentation from the Legislative Finance Committee reported a revenue of $15.2 billion from the extractive industry to New Mexico in fiscal year 2023. Land income generated $8.6 billion, while taxes generated $6.6 billion. By George Sharpe Vermont just passed a law intended to “fine” oil and gas companies for the damages caused by …

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US Drillers Cut Oil and Gas Rig Count to Lowest Since January 2022 -Baker Hughes

Conventional Energy, Drilling Rigs, Latest, Natural Gas, Oil, US News / By

June 14 (Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating to the lowest since January 2022, energy services firm Baker Hughes (BKR.O), opens new tab said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell …

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Gas Markets Brace for NatGas Price Spikes During Turbulent Summer

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

Robust demand and supply disruptions are setting the stage for much higher — and more volatile — natural gas prices this summer. First off, Asian consumption is staying strong, leaving less liquefied natural gas for Europe. India keeps taking some shipments, even as the worst of a heat wave looks over. Hotter-than-normal weather looming in Japan …

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EQT Restarts Curtailed Gas Production, Natural Gas Intelligence News Says

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Natural Gas, Tri-Pinned, US News / By

EQT Corp. CEO Toby Rice announced that the Pittsburgh-headquartered company is now reinstating the 1 billion cubic feet per day (Bcf/d) that was previously curtailed since late February, Natural Gas Intelligence said in a report on Wednesday. EQT Corp., the leading producer of natural gas in North America, reduced production earlier this year due to …

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Largest U.S. Oil Trade Group to Sue to Block Biden’s EV Push

Conventional Energy, Electric Vehicles, Energy Topics & Technology, Latest, Natural Gas, Oil, Pinned Primary / By

The nation’s largest oil trade group, which includes Exxon Mobil and Chevron, will file a federal lawsuit on Thursday seeking to block the Biden administration’s efforts to reduce planet-warming emissions from cars and light trucks and encourage electric vehicle manufacturing, the group said. The U.S. Environmental Protection Agency issued new tailpipe emission rules in March that will force …

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U.S. Natural Gas Prices Slide 2% After Mountain Valley Pipe Startup Approved

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U.S. natural gas futures slid about 2% on Wednesday on expectations the startup of the Mountain Valley Pipeline will soon allow more cheap gas from the Appalachia shale basin to flow to markets. Federal energy regulators approved the startup of the Mountain Valley Pipeline from West Virginia to Virginia late Tuesday. Analysts expect the Mountain …

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Mountain Valley Gets Regulator’s Approval for U.S. Natural Gas Pipeline

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

By Reuters June 12 (Reuters) – Mountain Valley can begin operating its $7.85 billion Virginia natural gas pipeline after receiving approval from the U.S. Federal Energy Regulatory Commission (FERC) according to a filing on Tuesday. The Mountain Valley project, the only big gas pipeline under construction in the U.S. Northeast, has encountered numerous regulatory and court …

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U.S. EIA Deepens forecast for drop in U.S. natgas output in 2024

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

U.S. natural gas production will drop more this year than earlier estimates and demand will hit a record, the U.S. Energy Information Administration said in its Short Term Energy Outlook on Tuesday. EIA projected dry gas production will ease from a record 103.8 billion cubic feet per day (bcfd) in 2023 to 102.1 bcfd in …

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U.S. House Committee Report Finds Wall Street ‘Colluded’ to Curb Emissions

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

A U.S. congressional committee will accuse the biggest Wall Street firms on Tuesday, in a report seen by Reuters ahead of its publication, of colluding with advocacy groups to force companies to shrink their greenhouse gas emissions. The report is the first of its kind produced by the Republican-led Judiciary Committee in the House of …

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What’s Next For Canada? With Major Projects Wrapping Up, What Does Canada’s Energy Future Hold

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, LNG, Natural Gas, Oil, Pipelines / By

‘This is the first time Canada will enter the global marketplace as a global player, so it is an incredibly important change for the industry’ By Mario Toneguzzi With the recent completions of the Trans Mountain expansion and Coastal GasLink pipelines, and the looming completion of LNG Canada within the next year, there are few major …

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