Monday, August 19, 2019

Alabama News

Williams Acquires Deepwater Gas Pipeline

Image: Williams

Williams, the provider of large-scale infrastructure connecting U.S. natural gas and natural gas products to growing demand for cleaner fuel and feedstocks, acquired a deepwater natural gas pipeline system that connects…

GoM Lease Bids Hit $244mln

Image: U.S. Department of the Interior

Oil and gas Lease Sale 252 generated $244.3 million in high bids for 227 tracts covering 1,261,133.85 acres in federal waters of the Gulf of Mexico (GoM). According to Bureau of Ocean Energy Management data, that’s…

US Lease Sale a Test for Drilling Demand

© 
flyingrussian / Adobe Stock

The Trump administration will hold its fourth major auction for oil and gas leases in the U.S. Gulf of Mexico on Wednesday, in a fresh test of demand from drillers that have lately been shying away from the region.The…

Former Enron CEO Jeffrey Skilling Released

Jeffrey Skilling, the onetime chief of Enron Corp who was sentenced to 24 years in prison for his conviction on charges stemming from the company’s spectacular collapse, has been released from federal custody, the…

U.S. Oil Firms Restoring Operations in Storm-tossed Gulf of Mexico

Photo courtesy of BP

Oil producers on Thursday were checking Gulf of Mexico production platforms and beginning to return crews to more than 90 offshore facilities evacuated this week as Hurricane Michael moved through the Gulf.Production…

Storm Shuts Nearly 40% of US GoM Oil Output

(Image: NOAA)

Nearly 40 percent of daily crude oil production was lost from offshore U.S. Gulf of Mexico wells on Tuesday due to platform evacuations and shut-ins ahead of Hurricane Michael.Since Monday, oil producers, including Anadarko Petroleum Corp…

GoM Offshore Platforms Evacuated Ahead of Hurricane

(Image: NOAA)

Energy companies on Monday halted nearly a fifth of Gulf of Mexico oil production and evacuated staff from 10 platforms as Hurricane Michael intensified and headed for a path up the eastern U.S. part of the Gulf.BHP Billiton…

U.S. Gulf Coast Ports Being Inspected After Storm Gordon

Energy companies and port operators along the U.S. Gulf Coast were taking steps on Wednesday to resume operations after Tropical Storm Gordon shut 9 percent of the region's oil and gas output.Coast Guard inspectors…

Diamondback Energy Shares Drop on $9.2 billion Deal for Shale Rival

Diamondback Energy Inc shares fell 10 percent early on Wednesday following the U.S. oil and gas producer's all-stock, $9.2 billion deal for shale rival Energen Corp.On Tuesday, Diamondback agreed to pay about $84.95 per share for Energen…

Sempra Energy to Shed U.S. Storage, Renewable Assets

File Image (CREDIT: AdobeStock / © Hansenn)

U.S. utility Sempra Energy said on Thursday it plans to sell some of its natural gas storage and renewable energy assets and expects to record a charge between $1.47 billion and $1.55 billion during the second quarter.

Alberto Moves Inland, Flash Floods Threaten Alabama

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Subtropical storm Alberto fizzled into a subtropical depression as it rolled into Alabama on Tuesday but forecasters warned of potentially dangerous flash floods even as winds dropped to 30 miles per hour (48 km per hour).

Corvex and Icahn to Mull Making a Bid for Energen

Photo: Energen

Activist investor Keith Meister on Monday reunited with billionaire investor Carl Icahn and said in a regulatory filing that they may try to buy oil and gas producer Energen Corp..The announcement comes roughly two months after the Birmingham…

Williams to Put More of Atlantic Sunrise Natgas Pipe in Service

Logo: Williams Cos Inc

U.S. federal energy regulators on Tuesday approved Williams Cos Inc's request to put in service parts of its nearly $3 billion Atlantic Sunrise natural gas pipeline from Pennsylvania to South Carolina:* The U.S. Federal…

Williams Wants More of Atlantic Sunrise Natgas Pipe in Service

Photo: Williams Cos

Williams Cos Inc sought permission from U.S. energy regulators to put in service more of its nearly $3 billion Atlantic Sunrise natural gas pipeline from Pennsylvania to South Carolina, according to a filing made…

EPA Announces Funding to Reduce Diesel Emissions

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Preference given to fleets in areas facing air quality challenges. The U.S. Environmental Protection Agency (EPA) announced the availability of grant funding to modernize the nation’s diesel fleet by retrofitting or replacing vehicles with cleaner…

US States Slow Trump Offshore Oil Drilling Expansion Plan

© Georg Lehnerer / Adobe Stock

The Trump administration's plan to broadly expand drilling in U.S. offshore waters is moving slowly due to opposition from coastal states and indifference from oil companies that have turned their focus to other opportunities.

U.S. Largest Offshore Oil & Gas Auction set for March

File Image (CREDIT: DNV GL)

The Trump administration on Friday said it would offer the largest oil and gas offshore auction in U.S. history on March 21 for areas in federal waters off the Gulf Coast, less than a year after a similar sale yielded little corporate interest.

US Sets Gulf of Mexico O&G Lease Auction for March

The U.S. Interior Department said it will hold its largest offshore auction to date, nearly 77 million acres, to energy companies in March 2018 to conduct oil and gas development. The proposed lease of offshore Texas…

US Solar Industry's Growth Region: Trump Country

Solar Panel AdobeStock / (c) 孤飞的鹤

President Donald Trump's administration has vowed to revive the coal industry, challenged climate-change science and blasted renewable energy as expensive and dependent on government subsidies. And yet the solar power industry is booming across Trump country…

T/S Nate Kills 22 in Central America, Bears Down on U.S. GoM

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Tropical Storm Nate killed at least 22 people in Central America on Thursday as it pummeled the region with heavy rain while heading toward Mexico's Caribbean resorts and the U.S. Gulf Coast, where it could strike as a hurricane this weekend.