Post Tagged with: "natural gas"

Centennial resource development announces leadership changes

Centennial resource development announces leadership changes

Centennial Resource Development


DENVER, March 27, 2020 (GLOBE NEWSWIRE) — Centennial Resource Development, Inc. (“Centennial” or the “Company”) (NASDAQ: CDEV) today announced it is implementing its previously announced leadership transition plan in light of the fact that Mark G. Papa …

Diamondback Energy, Inc. provides operational update

Diamondback Energy, Inc. provides operational update

Oil and Gas 360


MIDLAND, Texas, March 09, 2020 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today provided an operational update given recent commodity price volatility. Diamondback is reducing activity immediately from nine completion crews …

EIA expects pipelines will increase natural gas deliverability in New England as a result of infrastructure upgrades

EIA expects pipelines will increase natural gas deliverability in New England as a result of infrastructure upgrades

EIA


Several natural gas pipeline upgrades are either planned or under construction in New England, which will increase deliverability into the region during the next several years. According to the U.S. Energy Administration’s (EIA) tracking of natural gas pipeline projects

March 7, 2020 - 8:43 pm EIA News That Matters, Natural Gas News, Pipeline News
Source: Houston Chronicle

Canada’s LNG dreams fade as blockades add new costs to industry

Houston Chronicle


Hopes that Canada could turn into a gas export powerhouse seem to be waning fast.

The current climate for energy investments in the country and the global market for liquefied natural gas are a far cry from October …

March 6, 2020 - 12:00 pm Canada, Closing Bell Story‎, Energy News, LNG, Natural Gas News
EIA forecasts natural gas inventories will reach record levels later this year

EIA forecasts natural gas inventories will reach record levels later this year

EIA


In the U.S. Energy Information Administration’s (EIA) February Short-Term Energy Outlook (STEO), EIA forecasts that the Lower 48 states’ working natural gas in storage will end the 2019–20 winter heating season (November 1–March 31) at 1,935 billion cubic feet …

Source: Houston Chronicle

Solar and wind power can’t compete with gas this cheap

Houston Chronicle


This will almost certainly be a record-breaking year for the advance of solar and wind power across the U.S. The additions that are in progress or planned are significant enough to boost hopes for emissions-free electrical grids within …

he new Sky Global Power One power plant west of Houston in Rock Island uses new technology from General Electric that stacks together natural gas-fired generation sets. The project includes six of GE's "J920

Fight to stop gas-powered generation plant may be futile

The Middletown Press



“ISO-New England estimates that some 7,000 megawatts of electricity from higher-polluting coal- and oil-fired plants will be retired in the near future – creating a need for [NTE’s] cleaner, more efficient power,” Eves said. “To halt the

EIA expects U.S. net natural gas exports to almost double by 2021

EIA expects U.S. net natural gas exports to almost double by 2021

EIA


EIA forecasts these deliveries to account for an increasingly larger share through 2021 as new LNG facilities are placed in service and new pipelines in Mexico that connect to U.S. export pipelines begin operations.

 

EIA expects U.S. net natural gas exports to almost double by 2021 - oilandgas360

In its Short-Term Energy

Source: Houston Chronicle

Exporting natural gas creates carbon footprint rivaling that of coal, data shows

Houston Chronicle


In May, while President Donald Trump toured a new $10 billion plant designed to prepare natural gas for export, he made a vow. Such facilities would be good for the environment, he said, or they won’t get approved.…

January 23, 2020 - 11:00 am Closing Bell Story‎, Energy News, ESG, LNG, Natural Gas News
New electric generating capacity in 2020 will come primarily from wind and solar

New electric generating capacity in 2020 will come primarily from wind and solar

EIA


EIA expects 42 gigawatts (GW) of new capacity additions to start commercial operation in 2020. Solar and wind represent almost 32 GW, or 76%, of these additions.

New electric generating capacity in 2020 will come primarily from wind and solar - fig 1 -oilandgas360

According to the U.S. Energy Information Administration’s (EIA) latest inventory of electric

Source: Reuters/Sergio Moraes

Investors cheer falling production costs at Brazil’s Petrobras

Reuters


RIO DE JANEIRO (Reuters) – Investors cheered a significant cut in production costs at Brazil’s state-run oil firm Petrobras on Friday, sending shares in the company soaring 4% in morning trade, their biggest intraday gain in more than a …

Dominion Energy and Smithfield Foods invest $500 million in Renewable Natural Gas

Dominion Energy and Smithfield Foods invest $500 million in Renewable Natural Gas

Dominion Energy and Smithfield Foods invest half billion dollars in Align Renewable Natural Gas(SM) (RNG) joint venture to become largest renewable natural gas supplier in U.S.

Dominion Energy (NYSE:D) and Smithfield Foods, Inc. announced today the companies are doubling their …

October 23, 2019 - 11:48 am Closing Bell Story‎, Renewable Energy
Iran claims $40B natural gas discovery

Iran claims $40B natural gas discovery

Iran says it discovered natural gas deposit worth $40B

Iran announced that it has discovered a natural gas field with about $40 billion of condensed gas.

The National Iranian Oil Company said Sunday that the newly found deposit holds about …

October 14, 2019 - 9:10 am Closing Bell Story‎, Crude Oil News, International
Source: Tallgrass Energy

Tallgrass Energy Receives ‘Take Private’ Proposal

By Tyler Losier, Energy Reporter, Oil & Gas 360

Tallgrass Energy receives preliminary proposal letter from Blackstone Infrastructure Partners offering to take the company private
Tallgrass Energy LP (stock ticker: TGE), a midstream infrastructure company, received a non-binding preliminary proposal

Repsol Sinopec Brazil, Ouro Negro and PUC-Rio Expand Technological Partnership

Repsol Sinopec Brazil, Ouro Negro and PUC-Rio Expand Technological Partnership

From World Oil


Repsol Sinopec Brazil, Ouro Negro and the Mechanical Engineering Department of PUC-Rio’s Technical and Scientific Center (CTC/PUC-Rio) are expanding their technological partnership, developing a through tubing logging profiling tool to assess cement quality in lined wells.

“The …

BP Divests Alaska for $5.6 Billion

BP Divests Alaska for $5.6 Billion

By Tyler Losier, Energy Reporter, Oil & Gas 360

BP sells its entire Alaskan business to Hilcorp for a total consideration of $5.6 billion
BP (stock ticker: BP), through its subsidiary BP Alaska, has agreed to sell its entire business

President and CEO of Panhandle Oil and Gas Resigns

President and CEO of Panhandle Oil and Gas Resigns

By Tyler Losier, Energy Reporter, Oil & Gas 360

Paul F. Blanchard Jr. steps down as president, CEO and director of Panhandle Oil and Gas
Panhandle Oil and Gas (stock ticker: PHX), a mineral and leasehold acreage-focused capital allocator, has

Source: CatholicVoices.org

Mexico Expects to Save $4.5 Billion After Pushing Firms to Rework Pipeline Contracts

From Reuters


Mexico’s government said on Tuesday it had persuaded companies to waive “significant” profits from natural gas pipeline deals signed under the previous administration after renegotiating the contracts to save taxpayers $4.5 billion.

The deal announced by President Andres …

Encana Closes on Sale of Arkoma Basin Natural Gas Assets

Encana Closes on Sale of Arkoma Basin Natural Gas Assets

Encana Closes on Sale of Arkoma Basin Natural Gas Assets

Tamarack Valley Energy, Ltd. Announces Minneapolis Stop on Non-Deal Roadshow

Tamarack Valley Energy, Ltd. Announces Minneapolis Stop on Non-Deal Roadshow

Tamarack Valley Energy, Ltd.  (TSX – TVE), is an oil and gas company whose return-focused growth strategy targets the drilling and acquisition of repeatable and predictable long-life resource plays in the Western Canadian Sedimentary Basin. The Company announced that it …

Source: Data Gumbo

Verisk to Acquire Genscape

By Tyler Losier, Energy Reporter, Oil & Gas 360

Genscape will become a part of Verisk subsidiary Wood Mackenzie
Verisk (stock ticker: VRSK), a data analytics provider headquartered in New Jersey, has signed a definitive agreement to acquire Genscape, a

Source: ExxonMobil

ExxonMobil Partners with Carbon Capture Company

By Tyler Losier, Energy Reporter, Oil & Gas 360

ExxonMobil partners with Mosaic Materials in order to pursue carbon capture technology
ExxonMobil (stock ticker: XOM), an international oil and gas supermajor, has partnered with Mosaic Materials, a chemicals and engineering

Equinor Site Remains Shut In Following Drilling Rig Fire in Karnes County

Equinor Site Remains Shut In Following Drilling Rig Fire in Karnes County

From The Houston Chronicle


A natural gas well belonging to the Norwegian oil giant Equinor remains shut in following a weekend fire at one of its drilling sites in Karnes County.

The fire happened at Equinor’s Neller-Runge 1-Runge 2 lease …

Courtesy of Enbridge

Oil Services Firm TechnipFMC to Split Into Two Publicly Traded Companies

From Reuters


Franco-American oil services firm TechnipFMC Plc (FTI.N) said on Monday it would spin off its engineering and construction operations into a separate company, leaving it as a technology-focused equipment supplier to oil and gas companies.

TechnipFMC, which had …

Paal Kibsgaard (source: Schlumberger Limited)

Former Schlumberger CEO Recommended for Chairman Role at Borr Drilling

By Tyler Losier, Energy Reporter, Oil & Gas 360

Borr Drilling board of directors recommends appointment of Paal Kibsgaard as chairman
The board of directors for Borr Drilling Limited (stock ticker: BORR), an international drilling contractor based out of Bermuda,

Source: Enverus

Drillinginfo Announces Name Change

By Tyler Losier, Energy Reporter, Oil & Gas 360

Drillinginfo changes corporate name to Enverus
Drillinginfo, an energy SaaS and data analytics company, is officially changing its corporate name to Enverus, marking both the company’s 20th anniversary and its achievement

World Powers Increasingly See Icy Arctic as a Hot Property

World Powers Increasingly See Icy Arctic as a Hot Property

From AP News


From a helicopter, Greenland’s brilliant white ice and dark mountains make the desolation seem to go on forever. And the few people who live here — its whole population wouldn’t fill a football stadium — are poor, …

Source: CatholicVoices.org

Mexican President Pushes Hopes for Pipeline Deal into Next Week

From Reuters


Mexican President Andres Manuel Lopez Obrador said on Thursday a deal could be reached next week with companies to end a contractual dispute over several natural gas pipelines, dialing back hopes for a quicker resolution.

“It’s going well, …

Source: Solaris Water Midstream

H2O Midstream Acquires Sabalo Energy Assets, Closes 15-Year Agreement

By Tyler Losier, Energy Reporter, Oil & Gas 360

H2O Midstream purchases produced water infrastructure from Sabalo Energy and executes a 15-year acreage dedication
H2O Midstream LLC, a water infrastructure company based in Houston, has acquired produced water infrastructure from

Source: Pembina Pipeline Corporation

Pembina to Acquire Kinder Morgan Canada and Cochin Pipeline for CAD $4.35 Billion

By Tyler Losier, Energy Reporter, Oil & Gas 360

Pembina Pipeline Corporation will purchase Kinder Morgan Canada and U.S. portion of Cochin Pipeline for CAD $4.35 billion
Pembina Pipeline Corporation (stock ticker: PBA), a midstream service provider based out of