Carolyn Davis joined the editorial staff of Intelligence Press Inc. in Houston in May, 2000. Prior to that, she covered regulatory issues for environmental and occupational safety and health publications. She also has worked as a reporter for several daily newspapers in Texas, including the Waco Tribune-Herald, the Temple Daily Telegram and the Killeen Daily Herald. She attended Texas A&M University and received a Bachelor of Arts degree in journalism from the University of Houston.
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Articles from Carolyn Davis
ExxonMobil Steadies Capex to 2027, but Ambitions to Reduce GHG Emissions Expand
ExxonMobil plans to hold capital spending steady over the next six years for its natural gas and oil projects while bumping up expenditures for carbon-reduction projects, the supermajor said Wednesday. Annual capital expenditures (capex) are to be “held constant” at $20-25 billion, a 17-33% reduction from the $30 billion spending target set in 2019 before…
December 1, 2021
Aramco’s Jafurah Natural Gas Field Set to Produce 2.2 Bcf/d by 2030
Saudi Arabia, the world’s largest oil producer, has ramped up development at the natural gas-rich Jafurah field in the Eastern Province, considered the largest unconventional field of its kind in the Kingdom. State-owned Saudi Arabian Oil Co., aka Aramco, secured regulatory approval in early 2020 to develop the mega field, which holds an estimated 200…
December 1, 2021
Federal Oil, Natural Gas Auctions Facing Changes as Interior Proposes Higher Royalty Rates
The U.S. oil and natural gas industry need not fear a federal drilling ban — for now — but royalty rates may be hiked for the first time in a century and leasing terms could be tightened based on an analysis by the Department of Interior. After taking office in January, President Biden issued Executive…
November 30, 2021
Lower 48 Natural Gas-Focused E&Ps Potentially Eyeing ‘22 Hedging Losses on Early Price Bet
U.S. natural gas producers hedged most of their 2022 output before prices began to soar, setting the sector up for a slew of one-time losses on the wrong-way bets, according to Rystad Energy. When exploration and production (E&P) companies hedge their gas production, they typically take an opposite position in the forecast price. However, increasing…
November 30, 2021
OCI’s Iowa Fertilizer Books Capacity on Heartland CCS Pipeline
The Heartland Greenway carbon capture and sequestration (CCS) pipeline, a 1,300-mile system that would traverse five Midwestern states, has snagged a top Iowa fertilizer company as a customer, according to Navigator CO2 Ventures LLC. Under the agreement with Dutch fertilizer giant OCI NV, Navigator would transport and sequester up to 1.13 million metric tons/year (mmty)…
November 30, 2021
Oil, Natural Gas Industry Facing Higher Costs, Scrutiny in Federal Auctions
The U.S. oil and natural gas industry need not fear a federal drilling ban — for now — but royalty rates may be hiked for the first time in a century and leasing terms could be tightened based on an analysis by the Department of Interior. After taking office in January, President Biden issued Executive…
November 29, 2021
U.S. E&Ps Said on Verge of ‘Energy Super Cycle’ Heading into New Year
The U.S. exploration sector delivered its fourth straight quarter of outperformance in 3Q2021, setting the sector up for what should be solid growth in 2022, according to energy prognosticators. Solid cash flow by the domestic exploration and production (E&P) companies was accelerated by the high commodity prices. However, the three-month period also represented a “stabilized…
November 24, 2021
FERC Exploring GHG Emissions from LNG Projects as Court Cases Pile Up
FERC Chairman Richard Glick last week argued that the “reasonably foreseen” carbon emissions from natural gas infrastructure should be included in every certificate review, but not everybody agrees with him. The Federal Energy Regulatory Commission held a day-long technical conference on Nov. 19 concerning natural gas projects proposed under section 3 or 7 of the…
November 23, 2021
Should FERC Regulate GHG Emissions from Natural Gas Projects? It’s A Tricky Question
FERC Chairman Richard Glick last Friday argued that the “reasonably foreseen” carbon emissions from natural gas infrastructure should be included in every certificate review, but not everybody agrees with him. The Federal Energy Regulatory Commission held a day-long technical conference concerning natural gas projects proposed under section 3 or 7 of the Natural Gas Act…
November 22, 2021
U.S. Oil, Natural Gas Projects Said Likely to Face 10% Hike in Wages, Supply Chain Inflation to 2023
U.S. oil and natural gas projects are forecast to face higher costs going forward as wages rise along with supply chain inflation. The engineering, procurement, construction and installation (EPCI) segment may be the “first to record a double-digit percentage hike in costs,” according to a new analysis by Rystad Energy. Domestic EPCI costs, driven by…
November 20, 2021