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EIA Expects U.S. Fossil Fuel Production to Reach New Highs in 2023
January 24, 2022
After declining in 2020, the combined production of U.S. fossil fuels (including natural gas, crude oil, and coal) increased by 2 percent in 2021 to 77.14 quadrillion British thermal units. Based on forecasts in its latest Short-Term Energy Outlook (STEO),
EPA Preps Full-court Press to Curb Coal at Supreme Court Case
January 24, 2022
EPA is preparing to Supreme Court-proof President Biden’s ambitions for a carbon-free power grid by looking beyond direct greenhouse gas regulation and relying on the knock-on effect of stricter air, waste and water rules. It’s a “comprehensive approach” to decarbonize
Court May Back Mountain Valley Pipeline, Despite NEPA Fight
January 21, 2022
A federal appeals court yesterday appeared ready to uphold an approval to extend the controversial Mountain Valley pipeline. During virtual arguments yesterday, a three-judge panel of the U.S. Court of Appeals for the District of Columbia Circuit appeared skeptical of
DOE Awards Fifth Strategic Petroleum Reserve Exchange to Bolster Fuel Supply Chain
January 21, 2022
The U.S. Department of Energy (DOE) approved a fifth exchange of 400,000 barrels of crude oil for release to Atlantic Trading and Marketing, Inc. from the Strategic Petroleum Reserve (SPR). This release falls under the authorization published in the DOE
Harvest Midstream Signs PSA to Acquire Remaining Interest in Arrowhead ST Holdings
January 19, 2022
Harvest Midstream has signed a purchase and sale agreement (PSA) to acquire the remaining interest in Arrowhead ST Holdings (ASTH) from its joint venture partner. Harvest is already the operator of ASTH and a 25 percent owner of the joint
Sembcorp Completes Vito Regional Production Facility for Shell’s Deepwater Project, Gulf of Mexico
January 19, 2022
Sembcorp Marine, a provider of engineering solutions to the global offshore, marine, and energy industries, has completed the Vito Regional Production Facility (Vito RPF) for Shell Offshore’s deepwater project in the U.S. Gulf of Mexico. Vito is located 241 km
EPA Approves Lucid’s Plans to Develop Carbon Capture and Secure Storage Project in the Permian Basin
January 18, 2022
Lucid Energy Group said the U.S. Environmental Protection Agency has approved the company’s monitoring, reporting, and verification (MRV) plan to sequester carbon dioxide from its Red Hills gas processing complex in Lea County, New Mexico. The plan, following subsequent approval
Liberty Lift Acquires Corral Oil Field Services
January 18, 2022
Liberty Lift has acquired Corral Oil Field Services (COFS) in Andrews, Texas. COFS is a family-owned and -operated artificial lift company specializing in the service, repair, and sale of pumping units and related artificial lift equipment in the Permian Basin.
Targa Resources Strikes $925 Million Deal with Stonepeak
January 18, 2022
Targa Resources Corp. has executed agreements to repurchase interests in its development company joint ventures (DevCo JVs) from investment vehicles affiliated with Stonepeak Partners for approximately $925 million. Targa had approximately $3.2 billion of available liquidity and intends to fund
Cruz’s Nord Stream 2 Sanctions Bill Fails in U.S. Senate
January 18, 2022
The U.S. Senate on Thursday failed to pass a bill to slap sanctions on Russia’s Nord Stream 2 natural gas pipeline sponsored by Republican Senator Ted Cruz, a day after Democrats unveiled their own legislation. The tally was 55 in
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