Updated Aug 30, 2024
8/30/24
Managing Editor, News
Houston, TX
An investigation into the emergency response by utilities to Beryl, which knocked out power to millions in Houston and surrounding communities after making landfall as a Category 1 hurricane, is underway following a push by Gov. Greg Abbott.
Lower 48 stalwart Devon Energy Corp. has taken a leap into the super-charged acquisition game, with a goal to triple its Williston Basin production, by snapping up private equity-backed Grayson Mill Energy LLC in a $5 billion cash-and-stock takeover.
Industrial conglomerate Honeywell International Inc. sees a future fueled by natural gas, CEO Vimal Kapur said. To that end, the company is expanding its global LNG prowess with the takeover of Air Products’ liquefied natural gas process technology and equipment business.
In a split decision, the U.S. Supreme Court last month temporarily halted a Biden administration plan designed to reduce air pollution from natural gas and coal power plants that crosses state borders. Industry groups cheered.
Freeport LNG Development LP’s export facility on the upper Texas coast was still offline on Wednesday, four days after it was shut down ahead of former Hurricane Beryl as the region continued to grapple with the effects of the storm.
U.S. LNG exports are forecast to more than double by 2030 from 2022 levels, with domestic natural gas consumption declining “only slightly” over the next 25 years, according to BP plc.
Shell plc, a top natural gas producer in Trinidad and Tobago’s offshore, is building capacity after sanctioning the Manatee field, estimated to hold 2.7 Tcf.
The major ports along the upper Texas coast were set to reopen on Tuesday as cleanup continued in the aftermath of former Hurricane Beryl, but operations at a major LNG export facility remained shuttered.
Natural gas generation capacity in Texas is set to soar by 2030, necessitating the need to incentivize a bigger generation build out, according to top Texas officials.
Western Canada-focused Pembina Gas Infrastructure Inc. (PGI) is aiming to expand its natural gas infrastructure in the Montney and Duvernay formations after securing a half-stake in Whitecap Resources Inc.’s 15-07 Kaybob Complex.