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Commentary: SEC’s Climate Rule Is Finally Here, But for How Long?
March 19, 2024
The day many observers of financial regulation have long been awaiting (and dreading) has come. The Securities and Exchange Commission (SEC) voted to approve its final rule on disclosure of climate-change-related information for public companies. While the final rule was
Chevron and JX Nippon Sign MOU for Collaboration to Evaluate Export of Carbon Dioxide
March 19, 2024
JX Nippon Oil & Gas Exploration and Chevron New Energies, a division of Chevron U.S.A., have signed a memorandum of understanding that provides a framework to evaluate the export of carbon dioxide (CO₂) from Japan to carbon capture and storage
TC Energy to Sell Its Prince Rupert Gas Transmission Entities to Nisga’a Nation and Western LNG
March 18, 2024
TC Energy has entered into a binding letter agreement with Nisga’a Nation and Western LNG regarding the purchase and sale of all outstanding shares in Prince Rupert Gas Transmission Holdings Ltd. and the limited partnership interests in Prince Rupert Gas
Glenfarne Energy Transition’s Texas LNG Moves to Execution Phase of Project Financing
March 18, 2024
Texas LNG, a subsidiary of Glenfarne Energy Transition, has received sufficient expressions of interest from leading project finance banks to move to the execution phase of project financing. These lenders have been key supporters of Glenfarne, having led more than
U.S. Drillers Add Most Oil and Gas Rigs in a Week Since September
March 18, 2024
U.S. energy firms last week added the biggest number of oil and natural gas rigs in a week since September, with the oil rig count also rising to its highest in six months, energy services firm Baker Hughes said in
DOE Allocates $750 Million to Support America’s Growing Hydrogen Industry
March 18, 2024
The U.S. Department of Energy (DOE) announced $750 million for 52 projects across 24 states to dramatically reduce the cost of clean hydrogen and reinforce America’s global leadership in the growing clean hydrogen industry. These projects will help advance electrolysis
Duke Energy Promotes Harry Sideris to President
March 18, 2024
Duke Energy has made a set of executive leadership appointments, including the promotion of Harry Sideris to president of Duke Energy, effective April 1. Lynn Good remains Duke Energy’s chair and CEO, as she continues to lead one of the
1PointFive and AT&T Enter Direct Air Capture Carbon Removal Credit Agreement
March 15, 2024
1PointFive said AT&T has agreed to purchase carbon dioxide removal (CDR) credits from STRATOS, 1PointFive’s first large-scale direct air capture (DAC) facility that is currently under construction in Texas. The purchase is a part of AT&T’s commitment to reduce carbon
Tallgrass Energy Launches New Open Season for Pony Express Pipeline
March 14, 2024
Tallgrass Pony Express Pipeline, operated by Tallgrass together with Bridger Pipeline, has launched a new binding joint tariff open season for shipper commitments and production dedication for crude oil transportation from the Williston Basin, in exchange for incentive tariff rates.
U.S. Raises Domestic Crude Production Growth Forecast for 2024
March 14, 2024
The U.S. Energy Information Administration (EIA) on Tuesday predicted that domestic oil production will grow by 260,000 barrels per day (bpd) in 2024, up 90,000 barrels per day (bpd) from its previous forecast, but said estimated production cuts from OPEC+
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