Policy

Talos CEO Touts IRA Legislation’s Positives to Advance CCS, Upstream Oil and Gas

Talos CEO Touts IRA Legislation’s Positives to Advance CCS, Upstream Oil and Gas

Houston-based Talos Energy Inc., a major explorer in the Gulf of Mexico (GOM), expects to garner “several favorable provisions” from the Democrats’ Inflation Reduction Act (IRA), which would benefit the upstream business and the low-carbon ventures underway, CEO Timothy S. Duncan said. The independent issued its 2Q2022 results earlier this month, followed by a conference…

August 16, 2022
Liberty Energy’s Wright Sees Long Oil, Natural Gas Future as ‘Energy Transition Is Not Happening’

Liberty Energy’s Wright Sees Long Oil, Natural Gas Future as ‘Energy Transition Is Not Happening’

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…

August 16, 2022
U.S. Natural Gas Shackled by ‘Short-Sighted’ Energy Policy, Says Range Resources CEO

U.S. Natural Gas Shackled by ‘Short-Sighted’ Energy Policy, Says Range Resources CEO

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…

July 26, 2022
Mexico Energy Reform Could Spark Legal Controversies, Deloitte Energy Head Says

Mexico Energy Reform Could Spark Legal Controversies, Deloitte Energy Head Says

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…

October 22, 2021
Oil, Gas to Continue Growing to Meet Rising Global Energy Demand Through 2050, Says EIA

Oil, Gas to Continue Growing to Meet Rising Global Energy Demand Through 2050, Says EIA

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…

October 6, 2021
DC Court Vacates Spire Pipeline Certificate, Says FERC Erred in Needs Determination

DC Court Vacates Spire Pipeline Certificate, Says FERC Erred in Needs Determination

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…

June 23, 2021
Policy Shift at FERC on GHG Emissions Could Have ‘Profound Consequences’ for Natural Gas

Policy Shift at FERC on GHG Emissions Could Have ‘Profound Consequences’ for Natural Gas

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…

March 24, 2021
Markets Shrug Off Weather Worries, Push Up February Natural Gas Futures

Markets Shrug Off Weather Worries, Push Up February Natural Gas Futures

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…

January 11, 2021
Expert Says Mexico Energy Industry Remains Attractive Long-Term

Expert Says Mexico Energy Industry Remains Attractive Long-Term

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…

October 23, 2020
Continuity of Mexico’s Energy Reform at Risk as AMLO Doubles Down on Threats

Continuity of Mexico’s Energy Reform at Risk as AMLO Doubles Down on Threats

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…

August 4, 2020
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