Updated Aug 30, 2024
8/30/24
Managing Editor, News
Houston, TX
The opportunities for global natural gas, including LNG, look strong in the near term, with a “number of projects” likely to be sanctioned for the next few years, Baker Hughes Co. CEO Lorenzo Simonelli said Wednesday.
U.S. natural gas prices may be bottoming out, with more positive signs to the end of the year, according to several energy analyst teams previewing quarterly profits.
With binding commercial agreements in hand, Kinder Morgan Inc. (KMI) and Howard Energy Partners (HEP) have begun expanding their Eagle Ford Shale natural gas transportation systems to deliver up to 2 Bcf/d by year’s end to Gulf Coast markets.
In a push to expand its low carbon opportunities on the Gulf Coast, ExxonMobil agreed Thursday to pay $4.9 billion to acquire Denbury Inc., a leading carbon capture developer.
States that want to effectively adopt rules to encourage industry to reduce carbon emissions would fare well by adopting a holistic approach, according to an executive with the Coalition for Renewable Natural Gas.
BP plc said it has reached an agreement with FERC to “fully resolve disputes, allegations and claims” over the energy major’s natural gas trading transactions in 2008 for alleged manipulation of U.S. natural gas prices. The settlement represents less than one-half of the original amount BP has already paid in the case.
Natural gas and oil investments around the world may be lower today, but activity and production levels remain on par with the industry’s halcyon period between 2010 and 2014, according to Rystad Energy.
The dunes sagebrush lizard, found only in the shinnery oak sand dune ecosystems within the oil and natural gas-rich Permian Basin may be listed as “endangered” under the powerful Endangered Species Act (ESA).
Natural gas and oil operators may see more stringent reporting requirements under a proposal issued Thursday by the Environmental Protection Agency (EPA) to “improve the accuracy of reported emissions,” including methane.
Lower natural gas prices and refining margins may pull ExxonMobil’s second quarter profits down from the first three months of the year by nearly $4 billion.