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FERC’s Commissioner Glick Urges Power Plant Owners to Line Up Fuel Supplies as Gas Prices Soar
November 12, 2021
U.S. Federal Energy Regulatory Commissioner (FERC) Richard Glick on Friday urged power generators in the Northeast to buy enough fuel for the winter as global supply shortfalls have caused oil and gas prices to soar. “I implore all entities with
Performance Proppants Add Two New Haynesville Shale Frac Sand Facilities
November 12, 2021
Performance Proppants has reached an agreement to purchase a 1,200 acre deposit in Merryville, Louisiana that contains up to 20 million tons of additional frac sand. The company expects the facility to be fully operational by January 2022. Performance Proppants
Smaller Oil Firms Pay Top Dollar for Permian Land as Large Players Cash Out
November 11, 2021
Large oil companies are racing to sell land in the largest U.S. shale formation as rising crude prices present them with a golden opportunity to jettison unwanted acreage and meet shareholder demands to lower costs, people involved with transactions told
Significant Issues Remain Unresolved in Draft Deal at U.N. Climate Talks
November 11, 2021
Governments are considering calling for pulling the plug on coal power, the single biggest source of man-made greenhouse gas emissions, according to a draft deal under negotiation in U.N. climate talks. The draft released Wednesday at the talks in Glasgow,
ExxonMobil to Invest $15 Billion to Implement Low-carbon Initiatives
November 11, 2021
ExxonMobil revealed plans to inject more than $15 billion over the next six years to implement various initiatives aimed at reducing the greenhouse gas emissions at its operated facilities. The U.S.-based oil and gas major said that it is on
Larry Kudlow Slams John Kerry’s Claim that the U.S. ‘Won’t Have Coal’ By 2030
November 11, 2021
Larry Kudlow, former director of the National Economic Council said Wednesday during a Fox News appearance that John Kerry’s recent claim regarding coal in the U.S. was “unserious and silly.” During the United Nations climate conference, John Kerry made the
Noble and Maersk Drilling to Combine in $3.4 Billion Merger
November 10, 2021
Noble Corporation and Maersk Drilling have entered into a definitive business combination agreement to combine in a primarily all-stock transaction. Following the completion of the transaction, the Maersk Drilling shareholders and Noble shareholders will each own approximately 50 percent of
Phillips 66 Refinery’s Closure Sparks Concerns Over Oil’s Future in Plaquemines Parish
November 10, 2021
The upcoming closure of a Plaquemines Parish oil refinery is leaving the surrounding community concerned for its future. Phillips 66 announced Monday afternoon it would turn its Alliance Refinery in Belle Chasse to a storage terminal next year. The conversion
TC Energy Approves $800 Billion WR Project Expansion in Midwest
November 9, 2021
TC Energy Corporation has approved its WR Project, a set of projects anticipated to constitute a total capital investment of approximately US$8 billion. The project is designed to increase base system reliability and expand an existing portion of the ANR
Former Energy Secretary Rick Perry Claims Biden’s Policies Could Lead to ‘Disaster’
November 9, 2021
Donald Trump’s former energy secretary on Sunday attacked the Biden administration’s energy policies, linking them to inflation and claiming that restrictions on the U.S. oil industry and rising costs at home could lead to “disaster.” Energy prices have leaped globally
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