Monday, July 15, 2024

Pennsylvania News

U.S. Natgas Demand, Price Nosedive Continues

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U.S. natural gas futures held near a 21-month low on Tuesday, keeping the contract on track for its second-biggest monthly drop in history, as a decline in output from this week's extreme cold offset forecasts for warmer weather and less heating demand next week than previously expected.Gas prices have been depressed for weeks due to a growing belief that the country has more than enough gas in storage for the rest of the winter and expectations that Freeport LNG's liquefied natural gas (LNG) export plant in Texas is…

US Unveils $1.15 Billion for Abandoned Oil and Gas Well Clean-up

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The Biden administration on Monday said it would make $1.15 billion available to states to clean up abandoned oil and gas wells as part of a broad effort to reduce U.S. climate warming emissions and improve health and safety in nearby communities.The money represents a portion of the $4.7 billion for well clean-up that was included in the infrastructure law passed in Congress last year. The program is a pillar of U.S. President Joe Biden's pledge that fighting climate change will create jobs and revitalize neighborhoods harmed by aging fossil fuel infrastructure.The White House said 26 states were eligible to apply for the funding…

Intelatus: The long-tenured, New Name in Market Intel & Planning

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Intelatus Global Partners is a new name in energy, marine and industrial market analysis and strategic planning, a ‘new name’ with nearly 50 years of experience and proven results.Founded by the merger of International Maritime Associates (IMA) and World Energy Reports (WER), Intelatus is a firm of business consultants with unique experience of nearly five decades across the entire maritime supply chain, producing multi-client analytical studies for sectors including offshore oil and gas, renewables and the energy transition…

EXIM Bank Amends Mozambique LNG Loan. Earmarks $1.8B for Offshore Work

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The U.S. EXIM Bank has amended its previously approved September 2019 direct loan supporting U.S. exports for the development and construction of the Total-operated LNG project located on the Afungi Peninsula in northern Mozambique.The original scope of the $4.7 billion loan for the project has been amended from exclusively the onshore portion of the LNG plant and related facilities to also allocate an estimated $1.8 billion to support the project’s offshore production. "As a result, the transaction now will support an increased number—16…

USA to Make Paris Climate Exit Official

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The Trump administration will file paperwork with the United Nations as early as Monday to withdraw the United States from the Paris Agreement, marking the first formal step in a one-year process to exit the global pact to fight climate change.The move would finalize a decision President Donald Trump promised early in his term to unfetter America’s domestic oil, gas and coal industries."What we won’t do is punish the American people while enriching foreign polluters,” Trump said at a shale gas industry conference in Pennsylvania on Oct.

U.S. To “Drown The World” In Oil

A staggering 61% of the world’s new oil and gas production over the next decade is set to come from one country alone: the United States.According to a report by Global Witness, the sheer scale of this new production dwarfs that of every other country in the world and would spell disaster for the world’s ambitions to curb climate change – the effects of which we’re already witnessing through massive heat waves, flooding, and extreme weather.Earlier this year, we crunched the numbers from the latest climate science and…

KY Gasline Erupts in Flames, One Dead

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A natural gas line erupted in a ball of flames that could be seen for miles over a residential community in rural Kentucky on Thursday, killing one person and setting several houses on fire, a local sheriff said.The blast, in Moreland, a community about 40 miles (65 km) south of Lexington, was the second so far this year on Canadian energy company Enbridge Inc's Texas Eastern natural gas pipeline following an incident in Ohio in January that injured at least two people.A woman killed in Thursday's explosion was found outside her home, Lincoln County Sheriff Curt Folger said.

Kinder Morgan: Bankrupt Refiner Owes $1.5 mln

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Kinder Morgan Liquids Terminals LLC says Philadelphia Energy Solutions failed to make payments for fuel storage and other services totaling nearly $1.5 million since December, roughly seven months before the Pennsylvania refiner filed for bankruptcy.In a Wednesday filing, Kinder asked the U.S. Bankruptcy Court for the District of Delaware to allow it to sell fuel stored by PES at its Carteret, New Jersey, facility to pay itself back for the missed payments.PES, which shut its last crude unit this week, currently has 27…

Mainstream Names Asia-Pacific Head

Irish wind and solar projects developer Mainstream Renewable Power has appointed Raghuram Natarajan chief executive of its Asia-Pacific business."This key appointment to the Group’s Leadership Team, based out of its newly opened regional headquarters in Singapore, comes ahead of significant expansion plans for the region," said a press release.Natarajan brings a decade and a half of senior leadership experience in the wind and solar industry across India, Thailand, the Philippines, Malaysia, Taiwan, South Korea, Japan…

Fire burns out of control at Philadelphia refinery

A fire was burning out of control at an oil refinery in Pennsylvania on Friday morning, a Philadelphia fire department official said, as local media reported a series of explosions on site.NBC Philadelphia said the "massive" blaze at the 335,000 barrels per day Philadelphia Energy Solutions refinery was visible from miles away and triggered explosions that were felt as far away as South Jersey.The crude section at the Girard Point portion of the refinery was shut down due to the fire, intelligence provider Genscape said.There were no immediate reports of casualties at the complex, which the NBC affiliate said employs around 1,000 people.A com

Worley Wins Rhode Island OWF Contract

Denmark's offshore wind giant Ørsted has awarded WorleyParsons a core role in its Revolution Wind project, which will see the design and installation of a 700-megawatt offshore wind farm, located 15 kilometers south of the Rhode Island coast.The project, which commenced in March 2019, with installation expected in 2022, will see Worley complete the engineering and design of two offshore wind topside substations.For the project, Worley said it devised a unique approach that drew upon a combination of our digital, new energy and offshore hydrocarbons expertise.

US Natural Gas Demand Nears Record High

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U.S. homes and businesses will likely use record amounts of natural gas for heating on Wednesday as an Arctic-like freeze blankets the eastern half of the country, according to energy analysts.Harsh winds brought record-low temperatures across much of the Midwest, unnerving even residents accustomed to brutal winters and keeping them huddled indoors as offices closed and mail carriers halted their rounds.That brutal cold could also temporarily reduce gas production by causing freeze-offs in the Marcellus and Utica shale…

Mariner East 2 Pipeline Operational: Energy Transfer

United States-based Energy Transfer announced that its Mariner East 2 natural gas liquids (NGLs) pipeline is in service, available for both interstate and intrastate service.The natural gas company which owns and operates one of the largest and most diversified portfolios of energy assets, with a strategic footprint in all of the major domestic production basin said that the 350-mile NGL pipeline transports domestically produced ethane, propane and butane east from processing plants in Ohio across West Virginia and Pennsylvania to Energy Transfer’s Marcus Hook Industrial Complex in Delaware County…

Rice Brothers Push for Top-level changes at EQT

EQT Corp is facing calls for a shakeup at the helm from shareholders Toby Rice and Derek Rice, who had sold Rice Energy Inc to the oil and gas producer last year for $6.7 billion.In a letter made public on Monday, the Rice brothers, who own about seven million shares or a 2.75 percent stake in the company, pointed to EQT's "severely depressed" stock price and blamed the management for underperformance.EQT shares have slumped 47.6 percent as of Friday's close since the acquisition of Rice Energy in Nov. 2017, much worse…

Energy Transfer Defends Mariner East 2 NGL Pipe Plan in Pennsylvania

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Energy Transfer LP representatives are heading to Pennsylvania's capital on Thursday for a hearing before utility regulators to defend the company's plan to put the Sunoco Mariner East 2 natural gas liquids pipe into service by year end.Energy Transfer wants to temporarily connect an existing 1930s-era 12-inch (30.5 centimeter) pipe to the parts of its long-delayed 20-inch Mariner East 2 pipeline that it has already completed so it can start transporting liquids for customers.Those customers have been waiting for more than a year to ship liquids on Mariner East 2.

Lightsource BP Expands US Portfolio

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Lightsource BP, Europe's biggest solar energy developer, will expand its U.S. portfolio after signing a deal to build two solar projects, the UK-based company said on Wednesday.The 16 megawatt (MW) Wildflower Solar project will be built in California and has secured a 20 year plus power purchase agreement (PPA) with California’s Sacramento Municipal Utility District.Lightsource BP will also develop a 9 MW solar project in New Mexico which has a PPA with New Mexico's Continental Divide Electric Cooperative.No financial details were released.Both projects will be constructed and completed in 2019…

Chevron Names Green President of N. America E&P

Steven W. Green (Photo: Chevron)

Steven W. Green has been named president of Chevron North America Exploration and Production, succeeding Jeff Shellebarger, who is retiring from Chevron after 38 years of service.Green will transition from his current role as president of Chevron Asia Pacific Exploration and Production to oversee the oil major's exploration and production activities throughout North America, including Canada, California, the Gulf of Mexico, Pennsylvania and the Mid-Continent region of the U.S. He will report to Jay Johnson, Chevron’s executive vice president…

US Allows Williams More Time for NY-Penn. Natgas Pipeline

U.S. energy regulators gave Williams Cos Inc two more years until December 2020 to get the approvals needed to build its long-delayed Constitution natural gas pipeline from Pennsylvania to New York, according to a federal filing made available on Tuesday.Before it can start building the project, Williams still needs water quality certification. New York state denied the permit in 2016, saying the company failed to provide sufficient information to determine whether the project would comply with state water standards.Williams sued in federal court…

Enbridge to Put More of Ohio TEAL Natgas Pipe Into Service

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Canadian energy company Enbridge Inc on Wednesday sought permission from U.S. energy regulators to put the remaining part of its Texas Eastern Appalachian Lease (TEAL) Phase 1 natural gas pipeline in Ohio into service.In a filing with the U.S. Federal Energy Regulatory Commission (FERC), Enbridge said it expects to complete work on the last part of the $200 million TEAL project by Oct. 26 and would like FERC to approve of its request by Oct. 30.The facilities Enbridge is seeking to put into service include about 4.4…

Mariner East 2 Expected to Enter Service in Q4

U.S. energy company Energy Transfer LP plans to start service on its Sunoco Mariner East 2 natural gas liquids pipeline in Pennsylvania during the fourth quarter of 2018, an analyst following the company said on Monday.Energy Transfer told analysts at Height Capital Markets in Washington, DC, that the pipeline "will be in service as soon as it is mechanically complete, which is expected to be in the next few weeks."Officials at Energy Transfer were not immediately available for comment.That fits with the timing the company has told several customers of the pipeline, including U.S. energy producer Range Resources Corp and U.S.