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U.S. Drillers Add Oil and Gas Rigs for a Record 19th Month
February 28, 2022
U.S. energy firms last week added oil and natural gas rigs for an eighth week in a row, with the rig count rising for a record 19th month in a row, as crude prices soared beyond $100 a barrel for
Diamondback Energy Makes Executive Leadership Changes
February 28, 2022
Diamondback Energy made a series of leadership appointments and promotions, effective immediately. Travis Stice will assume the role of chairman of the board of directors of Diamondback and will remain in his current role as chief executive officer. Steven West,
NextEra Takes $800 Million Charge for WV-VA Mountain Valley Natural Gas Pipeline
February 25, 2022
NextEra Energy said one of its units recorded an $800 million impairment charge in the first quarter as the U.S. renewable energy company re-evaluates its investment in the long-delayed Mountain Valley natural gas pipeline from West Virginia to Virginia. NextEra
API Responds to FERC Policy Statement Update
February 25, 2022
The American Petroleum Institute (API) today responded to FERC’s revised Updated Certificate Policy Statement, warning that increased delays in the permitting process for natural gas and LNG infrastructure will make it harder to deliver and export affordable, reliable energy at
API Condemns Russian Invasion of Ukraine
February 25, 2022
The American Petroleum Institute (API) President and CEO Mike Sommers issued the following statement today in response to Russia’s invasion of Ukraine. “API condemns Russia’s invasion into Ukraine, and American natural gas and oil producers have a critical role to
Chevron Invests in Carbon Clean CO2 Capture Technology Business
February 25, 2022
Chevron U.S.A., a subsidiary of Chevron Corporation, has made a new investment in Carbon Clean, a global leader in cost-effective industrial carbon capture. The size and cost of installing carbon capture technology has been a barrier to adoption. Carbon Clean’s
Petrobras Launches Non-binding Phase for Sale of Gulf of Mexico Assets
February 24, 2022
Petróleo Brasileiro (Petrobras) has launched the non-binding phase for the sale of its exploration and production (E&P) assets in the U.S. Gulf of Mexico. The Brazilian national oil company, through its subsidiary Petrobras America, has a 20 percent stake in
Leading Companies Launch Alliance to Establish CCUS and Hydrogen Hub in Appalachia Region
February 24, 2022
EQT Corporation, Equinor, GE Gas Power, Marathon Petroleum (including its affiliate MPLX), Mitsubishi Power, Shell Polymers, and U. S. Steel have formed a new alliance that will play an important leadership role in decarbonizing the industrial base in the Northern
Trans Mountain Releases Expansion Project Costs and Schedule Updates, Canada
February 23, 2022
Trans Mountain has entered the second half of construction on the Trans Mountain Expansion Project, and after more than a decade of review, engagement, planning, and engineering, this complex and large scale project is making steady progress and setting new
Feds Approve Venture Global’s 4th LNG Block at Louisiana Calcasieu Plant
February 23, 2022
U.S. liquefied natural gas company Venture Global LNG received permission on Tuesday from federal energy regulators to commission the fourth liquefaction block at the company’s Calcasieu Pass LNG export plant in Louisiana. A tanker, the Yiannis, arrived on Monday near
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