FERC Closes Out ’24 with Rulings to Boost LNG Supply
A trio of Federal Energy Regulatory Commission authorizations in the latter half of December allowed new LNG trains to begin operations or boosted gas supplies to the facilities.
Microseismic Tech Breaks New Ground in CO2 Storage
Microseismic technology proved its value in unconventional wells, and new applications could enable monitoring of sequestered CO2 and facilitate geothermal energy extraction.
Oil Prices Rise on China Optimism as Investors Return After Holiday
Summary • Weaker than expected Chinese data raises hopes of further stimulus • Volumes remain thin on first trading day of the year • Investors await US manufacturing data and oil inventories (Reuters) – Oil prices rose on Thursday as investors returned for the first trading day of the new year with an optimistic eye …
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LNG Exports Grow at Slowest Pace Since 2015, Data Shows
Delays to US projects, sanctions against Russia curbed supply Exports set to rise in 2025 on new exports from the US, Canada Global liquefied natural gas exports grew at the slowest pace since 2015, threatening to keep prices elevated until new supply comes online to meet rising demand. Annual LNG shipments are set to rise …
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Russian Gas Era in Europe Ends as Ukraine Stops Transit
Summary • War ends Russia’s dominance of gas supply to Europe • Norway, US, Qatar replace Russian gas • Loss of Russian gas undermined EU’s competitiveness • Slovakia, Austria have alternative supplies • Heating, hot water cut off in breakaway Moldovan region (Reuters) – Russian gas exports via Soviet-era pipelines running through Ukraine came to …
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U.S. to Issue Hydrogen Credit Rule this Week, With Path for Nuclear, Sources Say
(Reuters) – The U.S. Treasury Department intends to release guidance on how to access tax credits for hydrogen production under the 2022 Inflation Reduction Act later this week, according to two sources familiar with the matter. The long-awaited guidance will provide a pathway for hydrogen produced using nuclear power to access the credits, the sources …
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What’s Old is New Again as the European Union is Shifting Back Towards Fossil Fuels
In 2024, the EU shifted towards a cautious, fossil fuel-inclusive energy strategy amid rising costs and public unrest. In 2024, the European Union’s shift back towards fossil fuels began to solidify in earnest. Over the past few years, Giorgia Meloni has become the Prime Minister of Italy, Geert Wilders’ party is the senior partner …
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U.S. Oil Production Rose to Record High in October, EIA Data Shows
U.S. oil production rose 260,000 barrels per day (bpd) month-over-month to a record 13.46 million bpd in October as demand surged to the highest levels since the pandemic, data from the U.S. Energy Information Administration showed on Tuesday. U.S. oil output has grown rapidly this year, even as concerns of oversupply have weighed heavily on …
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DT Midstream Announces Closing of Midwest Pipeline Acquisition
DETROIT, Dec. 31, 2024 (GLOBE NEWSWIRE) — DT Midstream, Inc. (NYSE: DTM) today announced that it has successfully closed on the acquisition of a portfolio of three FERC-regulated natural gas transmission pipelines from ONEOK, Inc. (NYSE: OKE), effective as of 11:59 p.m. CT on Dec. 31, 2024, for a total cash consideration of $1.2 billion. …
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Ring Energy Announces Issuance of 2024 Sustainability Report
THE WOODLANDS, Texas, Dec. 31, 2024 (GLOBE NEWSWIRE) — Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced that it has issued its 2024 Sustainability Report (the “2024 Report”), which is available on the Company’s website at www.ringenergy.com under the “Sustainability” tab. The 2024 Report marks the fourth consecutive annual update. It provides comprehensive information …
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