Policy

Liberty Energy Inc. CEO Chris Wright made no bones about prognosticators calling for the demise of oil and natural gas on Monday. “The energy transition is not happening,” he said in Denver. “This drumbeat is crazy.” Wright, speaking at the LDC Gas Forum Rockies & West, said demand for fossil fuels is robust and poised…

The top executive of Range Resources Corp., one of the largest natural gas producers in the United States, said again on Tuesday that not enough is being done by the country to ease the global energy crisis.  “Energy policy will need to be rooted in market realities,” said CEO Jeff Ventura. “If infrastructure projects, mainly…

The energy law proposal “opens a delicate door because, in the future, the Mexican government could face claims of direct or indirect expropriation of investments, which could mean the state has to compensate for certain damages,” Valeria Vázquez, Energy and Resources Industry leader at Deloitte in Mexico and Central America, told NGI’s Mexico GPI. “To…

Under current policies, oil and natural gas production will continue growing through 2050 amid rising global energy consumption driven by developing Asian economies, according to the latest long-term projections from the U.S. Energy Information Administration (EIA). In its International Energy Outlook 2021(IEO2021) report published Wednesday, the agency predicted a nearly 50% increase in global energy…

FERC erred when it issued a 2018 certificate to Spire STL Pipeline LLC by failing to adequately examine the market need for the natural gas transmission project, an appeals court ruled Tuesday. The U.S. Court of Appeals for the District of Columbia (DC) Circuit vacated Spire’s certificate and remanded it back to the Federal Energy…

FERC has for the first time incorporated a review of climate change impacts in a natural gas certificate decision, sparking a contentious debate among the commissioners over the major policy implications for future infrastructure projects under its purview. In a decision handed down during the Federal Energy Regulatory Commission’s open meeting last week, the agency…

Natural gas futures slipped early on Monday following forecasts for mild weather and diminished heating demand. However, they rebounded in afternoon trading and finished in the green amid anticipation of a late-month surge in frigid temperatures. The February Nymex gas futures contract settled at $2.747/MMBtu, up 4.7 cents day/day after falling more than 10 cents…

Mexico remains a great bet for long-term energy investment due to its highly strategic geopolitical position, according to Adriana Citlali Sánchez, a seasoned expert in fiscal planning and taxation in the Mexican energy industry, with more than 17 years of experience with major national and international companies. “We must not forget that the current government…

Mexico President Andrés Manuel López Obrador has sent a memorandum to energy sector regulators underlining his government’s commitment to undo changes made during the previous administration while continuing to strengthen state oil company Petróleos Mexicanos (Pemex) and state utility Comisión Federal de Electricidad (CFE).  The eight-page memorandum, reviewed by NGI’s Mexico GPI, was dated July…