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NEWS Click on text to read news by category: General | Product | People | Worldwide

ConocoPhillips Makes Final Investment Decision to Develop the Willow Project, Alaska

December 28, 2023

ConocoPhillips said it will move forward with development of the Willow Project in Alaska. This final investment decision approves the project and funds construction needed to reach first oil. The decision follows the Department of the Interior March 2023 record

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Williams to Acquire Hartree Partners Affiliate’s Natural Gas Storage Assets for $1.95 Billion

December 28, 2023

Williams has reached an agreement to acquire a portfolio of natural gas storage assets from an affiliate of Hartree Partners for $1.95 billion. The transaction includes six underground natural gas storage facilities located in Louisiana and Mississippi with total capacity

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Treasury, IRS Issue Guidance on Tax Credit for Production of Clean Hydrogen

December 28, 2023

The Treasury Department and Internal Revenue Service has issued proposed regulations for the tax credit for the production of clean hydrogen. The Inflation Reduction Act (IRA) of 2022 provides a production credit for each kilogram of qualified clean hydrogen produced

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Talos Energy Named High Bidder for 13 Deepwater Blocks in the U.S. Gulf of Mexico

December 27, 2023

Talos Energy said it was named as the apparent high bidder on 13 deepwater blocks comprising approximately 74,000 gross acres (approximately 48,000 net acres) in the U.S. Gulf of Mexico Outer Continental Shelf Federal Lease Sale 261 held by the

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DT Midstream Completes Phase 2 LEAP Expansion, Readies for January Service

December 27, 2023

DT Midstream said its Phase 2 LEAP expansion has been completed early. The 400 MMcf/d expansion is now expected to be available for firm service on January 1, 2024. The Phase 2 expansion follows the successful Phase 1 expansion that

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Canada Energy Regulator Denies Trans Mountain Variance Due to Pipeline Integrity

December 27, 2023

The Canada Energy Regulator said it denied a variance request from the Trans Mountain expansion project because the application did not adequately address concerns about pipeline integrity and environmental protection impacts. Trans Mountain had asked to be allowed to install

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Cenovus Energy Releases 2024 Budget

December 21, 2023

Cenovus Energy has released its 2024 budget, delivering disciplined capital investment and balancing growth of the company’s base business with meaningful shareholder returns. Continuing with the growth plan embarked on in 2023, Cenovus expects to invest capital of between $4.5

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Halliburton Labs Welcomes Seven New Companies to Advance Energy and Climate Innovation

December 21, 2023

Halliburton Labs said Airovation Technologies, Ayrton Energy, Cache Energy, CENS, Disa Technologies, Marel Power Solutions, and XtraLit are the newest participants in its collaborative environment. This is part of Halliburton Labs’ ambition to advance energy and climate innovation and help

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NERC Releases 2023 Long-Term Reliability Assessment, Transmission Hurdles Impact Future Reliability

December 21, 2023

Sharp increases in peak demand forecasts and the potential for higher generator retirements are raising concerns for electric reliability over the next ten years. NERC’s 2023 Long-Term Reliability Assessment (LTRA) finds that industry faces mounting pressure to keep pace with

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NMA: Grid Authority Issues Alarming Wakeup Call on U.S. Electric Reliability Crisis

December 21, 2023

National Mining Association (NMA) president and CEO Rich Nolan issued the following statement on the release of the North American Electric Reliability Corp.’s (NERC) 2023 Long-term Reliability Assessment. “NERC’s latest assessment shows that the nation’s grid reliability has never been

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