Energy Transition

The financial market novelty substitute for fossil fuels, waste heat from Bitcoin mining, has reached southwestern British Columbia (BC). MintGreen Blockchain Innovation Corp. announced the sale of the Bitcoin byproduct to Lonsdale Energy Corp. (LEC), a district heating utility owned by the City of North Vancouver.  The city’s hydronic district energy system delivers heat to…

Permian Basin

Advanced technologies, such as longer lateral wells and multi-well pad drilling, are driving ongoing efficiencies and increased productivity in developing oil and natural gas resources in the prolific Permian Basin, the U.S. Energy Information Administration (EIA) said in a report Tuesday. The Permian, which spans West Texas and southeastern New Mexico, accounted for about 30%…

Markets

While the prospect of a cold winter is threatening to send an energy market already in crisis spiraling further, efforts in China to secure the supplies it needs to get through the season could make matters worse. China is the world’s largest energy consumer, and it has rapidly transformed into a natural gas-buying behemoth in…

E&P

U.S. onshore oil and natural gas production is set to rise from October to November, propelled by supply growth in the Permian Basin and Haynesville Shale, according to updated projections Monday from the U.S. Energy Information Administration (EIA). Natural gas production from seven key U.S. producing regions — the Anadarko, Appalachia and Permian basins, along…