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Energy News Beat
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  • [ March 28, 2023 ] House GOP’s energy bill hitting the floor amid market volatility Energy Crisis
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HomeMidstream

Midstream

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Midstream

Big Opportunity for Midstream in Energy Transition

March 24, 2023 Mariel Alumit

Oil prices fell by approximately 5% each day on March 14 and 15 to levels not seen since December 2021. The commodity selloff and a general risk-off sentiment pressured energy stocks broadly, but some subsectors […]

California
Financial Markets

California Public Employees Retirement System Makes New $3.82 Million Investment in Equitrans Midstream Co. (NYSE:ETRN)

February 21, 2023 Mariel Alumit

California Public Employees Retirement System bought a new position in shares of Equitrans Midstream Co. (NYSE:ETRN – Get Rating) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 511,267 shares […]

Savannah
E&P

Savannah Energy acquires ExxonMobil’s asset in Chad and Cameroon

December 12, 2022 Mariel Alumit

Africa-focused British independent energy company, Savannah Energy acquires oil and gas supermajor ExxonMobil’s entire upstream and midstream asset portfolio in Chad and Cameroon The acquisition includes ExxonMobil’s entire upstream and midstream asset portfolio in the […]

Nord Stream
International News

Nord Stream leaks confirmed as sabotage, Sweden says

November 21, 2022 Mariel Alumit

(Reuters) Investigators have found traces of explosives at the site of the damaged Nord Stream gas pipelines, confirming sabotage had taken place, a Swedish prosecutor said. Swedish and Danish authorities are investigating four holes in the Nord […]

Equitrans Midstream Corp. Loses Over One Billion Cubic Feet Of Natural Gas In Leak
Financial Markets

Equitrans Midstream Corp. Loses Over One Billion Cubic Feet Of Natural Gas In Leak

November 20, 2022 Allen Santos

A natural gas leak at a Pennsylvania facility which had released fuel for 11 days was responsible for putting over 1 billion cubic feet of gas into the atmosphere, according to the facility operator. On […]

Diamondback
E&P

Diamondback Energy: The Pending Firebird’s Acquisition Is A Positive

November 15, 2022 Mariel Alumit

Summary Diamondback Energy announced the third quarter of 2022 results on November 7, 2022. The quarter’s revenues were $2,437 million, with a net income of $1,184 million or $6.72 per diluted share. Production for 3Q22 […]

Germany
Crude Oil News

Germany to take full ownership of key gas player SEFE after EC approval

November 14, 2022 Mariel Alumit

Germany is to take full ownership of key gas market player SEFE — formerly Gazprom Germania — to ensure German gas supply security, the economy ministry said Nov. 14, following EU approval of a state […]

crude
Crude Oil News

USGC heavy crude prices may remain under pressure until Canada’s Trans Mountain expansion enters service

November 10, 2022 Mariel Alumit

Record-low differentials for heavy crudes that compete on the US Gulf Coast may not rebound until the Trans Mountain pipeline expansion enters service and diverts Canadian sour barrels away from the US and toward Canada’s […]

Natural Gas
Midstream

Texas Natural Gas Drops Toward Zero as Output Swamps Pipelines

October 25, 2022 Mariel Alumit

(Bloomberg) — Natural gas prices in the Permian Basin of West Texas are plunging toward zero as booming production overwhelms pipeline networks, creating a regional glut of the fuel. Gas in an area of the […]

Permian Basin
Downstream

The Permian Basin: A Texas-Sized Resource

September 27, 2022 Mariel Alumit

The Permian Basin is among the most important energy-producing regions in the world. About 72 percent of Texas oil production and 46 percent of Texas natural gas production occurs there, and the area is a […]

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House
Energy Crisis

House GOP’s energy bill hitting the floor amid market volatility

March 28, 2023

House Republicans are pitching legislation cued up for a floor vote this week as a salve to high gasoline and electric costs, though it remains hazy how quickly and aggressively the measure would lower prices. […]

LNG
Exports

The Case Against Banning U.S. Exports of Liquified Natural Gas to China

March 28, 2023

The 118th Congress is working at a fever pitch to find ways to economically punish China. With headline-grabbing titles like Fair Trade with China Enforcement Act, Ending China’s Developing Nation Status Act, and Neutralizing Unfair Chinese Export Subsidies […]

E&P

ConocoPhillips zeroes in on becoming APLNG upstream operator

March 27, 2023

US energy giant ConocoPhillips, through its Australian subsidiary, has revealed plans to become upstream operator of Australia Pacific LNG (APLNG) following the closing of EIG’s transaction with Origin Energy. Archive. Courtesy of Australia Pacific LNG […]

CCUS

With over 140 carbon capture, utilisation, and storage hubs in development, 2022 pushes CCUS to new heights

March 27, 2023

Home Fossil Energy With over 140 carbon capture, utilisation, and storage hubs in development, 2022 pushes CCUS to new heights While the global energy crisis marked 2022, efforts to propel the energy transition forward in […]

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