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Encap Sells Jupiter Power to Blackrock
November 16, 2022
EnCap Investments said BlackRock Alternatives (BlackRock), through a fund managed by its Diversified Infrastructure business, has agreed to acquire Jupiter Power, a leading U.S. operator and developer of stand-alone, utility-scale battery energy storage systems. EnCap Energy Transition Fund I (EETF
Mountain Valley Pipeline Halts Legal Effort to Acquire Land for North Carolina Extension
November 16, 2022
Developers of a proposed pipeline extension that would bring natural gas to North Carolina have withdrawn legal proceedings to acquire land for the project. But the Mountain Valley Pipeline (MVP) said it’s not abandoning the $468 million project. In a
U.S. Permian Oil Output to Hit Record in December, But Gains are Slow
November 15, 2022
Oil output in the Permian Basin is set to hit another record of 5.499 million barrels per day in December, but production is rising very slowly in the biggest U.S. shale oil basin even though U.S. prices have surged in
U.S. Outlines Effects of Withdrawing Land from Oil Drilling in New Mexico
November 15, 2022
The U.S. Interior Department’s plan to withdraw hundreds of square miles in New Mexico from oil and gas production for the next 20 years is expected to result in only a few dozen wells not being drilled on federal land
EPA and PEMEX to Collaborate to Reduce Methane Emissions
November 15, 2022
The U.S. Environmental Protection Agency (EPA) and PEMEX announced a significant collaboration to reduce greenhouse gas emissions, specifically methane, that will advance the ambitious global methane reduction goals of the Global Methane Pledge. With this new collaboration, EPA and PEMEX
U.S. Drillers Add Oil and Gas Rigs for Second Week in a Row
November 14, 2022
U.S. energy firms this week added oil and natural gas rigs for a second week in a row as relatively high oil prices encourage firms to drill more. The oil and gas rig count, an early indicator of future output,
U.S. Energy Regulator’s Future Shaky as Senator Manchin Refuses Confirmation Hearing
November 14, 2022
U.S. Senator Joe Manchin, a conservative Democrat from coal-rich West Virginia, indicated he would not hold a confirmation hearing to consider President Joe Biden’s re-nomination of top energy regulator Rich Glick, potentially dooming Glick’s chances. Glick, chairman of the Federal
COP27: OPEC Fund to Launch New Initiatives, Strengthen Partnerships, and Deepen Impact
November 11, 2022
The OPEC Fund for International Development will launch new climate action at the UN Climate Conference COP27 in Sharm El-Sheikh. The conference will see the unveiling of a multibillion-dollar financing package by the Arab Coordination Group (ACG), a group of
Pipeline Operator TC Energy Looks to Sell C$5 Billion of Assets Next Year
November 11, 2022
North American oil and gas pipeline company TC Energy said on Wednesday it was looking to sell C$5 billion ($3.7 billion) worth of assets to repay debt and fund new projects, and reported an 8 percent rise in quarterly profit.
Oil Industry, Workers Unleash on Biden After ‘No More Drilling’ Pledge
November 10, 2022
Two of the nation’s most prominent oil industry groups slammed President Biden following his comments Sunday vowing to block all new fossil fuel drilling. “No more drilling,” Biden said in response to a crowd member’s shouts during a campaign event
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