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Oil and gas activity in Texas, Louisiana and New Mexico rose modestly in the second quarter of 2024, the Federal Reserve Bank of Dallas said on Wednesday in its quarterly survey of energy firms. Second quarter oil and gas production was little changed, according to executives polled. The survey covered 90 exploration and production firms …
Regional Oil Output Little Changed in Q2, Says Dallas Fed Read More »
U.S. energy production overshadowed consumption by 9 quadrillion British thermal units (quads) in 2023, according to an analysis released by the U.S. Energy Information Administration (EIA) on Wednesday that showed the widest margin in records dating back to 1949. Energy production rose 4% to hit a record of nearly 103 quads in 2023, the analysis …
U.S. Energy Production Exceeds Consumption by Widest-Recorded Margin Read More »
Never before has natural gas played a bigger role in fulfilling the world’s energy needs. While consumption of oil and coal are poised to peak, demand for gas is rapidly growing, setting it up to be the last fossil fuel standing as nations adopt cleaner sources in an effort to avert the worst consequences of climate change. …
Is Natural Gas a Fossil Fuel Trap or a Bridge to Clean Energy? Read More »
(Reuters) – A newly formed company headed by a former Exxon Mobil executive was selected to support the Guyana government and Exxon to create a new independent natural gas development in the country, Guyana’s Ministry of Natural Resources said. Fulcrum LNG offered “the most comprehensive and technically sound proposal” among 17 bidders, the government said in …
Guyana Selects Former Exxon Exec’s Firm to Engage with Exxon in Gas Project Read More »
World’s First Indigenous Majority-Owned, Hydro-Powered, Floating LNG Facility Becomes a Reality KITAMAAT VILLAGE, British Columbia–(BUSINESS WIRE)–The Haisla Nation and Pembina Pipeline Corporation (“Pembina”) (TSX: PPL; NYSE: PBA), partners in Cedar LNG Partners LP (“Cedar LNG”), today announced a positive Final Investment Decision (“FID”) on the Cedar LNG Project, a floating liquefied natural gas (“LNG”) (“FLNG”) facility with a …
Major Canadian LNG News: Cedar LNG Announces Positive Final Investment Decision Read More »
Startup Heirloom announced it will be building facilities to suck carbon from the air in the northwest corner of the state, thanks to a skilled workforce and ideal geology. The Biden administration’s hub to clean carbon from the air in northwest Louisiana is getting company. On Monday, Heirloom Carbon announced that it’s constructing a facility with machines …
The Carbon Cleanup Industry Is Growing in Louisiana Read More »
The chief executive of Barclays Plc characterized as unrealistic growing calls for the finance industry to abandon fossil-fuel clients. Banks “cannot go cold turkey” on the oil and gas industry, Barclays CEO CS Venkatakrishnan told Bloomberg’s Anna Edwards at the Bloomberg Sustainable Finance Forum in London on Tuesday. While Barclays’ is “very much moving from away from” coal and oil, the …
Barclays CEO Says Banks Can’t Go ‘Cold Turkey’ on Oil Clients Read More »
(Reuters) – Major Chinese asset managers have billions of dollars invested in fossil fuels with no plans for a phase out, a new Greenpeace report said. The environmental organisation’s analysis of 16 major Chinese asset managers released on Thursday said that they have invested a combined 267.2 billion yuan ($36.79 billion) in high-carbon sectors and …
Major Chinese Asset Managers Have No Plans to Phase Out Fossil Fuel Investments Read More »
(Reuters) – The U.S. government opened up on Friday competitive bidding that will close on Aug. 26 for $850 million in grants to help small oil and gas producers monitor and reduce methane from their operations, a major part of the Biden administration’s plan to crack down on leaks of the potent greenhouse gas. WHY …
U.S. Offers $850 Million in Grants to Clean up Oil Sector Methane Emissions Read More »
(Reuters) – Natural gas-fired power generation in the United States has climbed nearly 6% through June 17 from the same period a year ago, as above-normal temperatures lifted use of power-hungry air conditioners. U.S. power generation from natural gas from Jan. 1 through June 17 was just over 30 million megawatt hours (MWh), according to …
U.S. Power System Cranks Up Gas Output as Cooling Season Kicks Off Read More »
