Infrastructure

Texas Oil, Natural Gas Pipelines Said Major Contributor to State Economy

Texas Oil, Natural Gas Pipelines Said Major Contributor to State Economy

The Texas oil and gas pipeline sector supported more than 238,000 high paying jobs and contributed more than $48.6 billion to the state in 2019, according to a Texas Tech University study. The report, by Tech’s Center for Energy Commerce at the Rawls College of Business, was commissioned by the Austin, TX-based Texas Pipeline Association…

October 21, 2020
Trump Commands Energy Sector’s Financial Backing, but Biden Makes Inroads

Trump Commands Energy Sector’s Financial Backing, but Biden Makes Inroads

President Trump continues to enjoy overwhelming financial support from the energy sector in the run-up to the Nov. 3 election. However, former Vice President Joseph R. Biden Jr. has gained some ground among industry donors and holds a lead in recent overall donations and in the polls. The president and Democratic nominee Biden are scheduled…

October 21, 2020
NGTL’s 3.5 Bcf/d Expansion Gets Green Light for December Construction Start

NGTL’s 3.5 Bcf/d Expansion Gets Green Light for December Construction Start

Construction is scheduled to start in December on a 3.5 Bcf/d capacity expansion by TC Energy Corp.’s supply collection network in Alberta and Brisith Columbia, Nova Gas Transmission Ltd. (NGTL). The Calgary pipeline conglomerate set the target date Tuesday for the C$2.3 billion ($1.7 billion) project, dubbed the 2021 NGTL System Expansion after the federal…

October 21, 2020
Permian Giants Pioneer, Parsley Agree to Join Forces in $7.6B All-Stock Transaction

Permian Giants Pioneer, Parsley Agree to Join Forces in $7.6B All-Stock Transaction

Dallas-based Permian Basin pure-play Pioneer Natural Resources Co. agreed late Tuesday to join forces with competitor Parsley Energy Inc. in an all-stock deal valued at $7.6 billion including debt. The combined company would hold substantial sway in the Permian, with an estimated 930,000 net acres with no federal leases. At the end of June, the…

October 20, 2020
Ohio Gas-Fired Power Plant Adding Hydrogen to Cut Emissions Profile

Ohio Gas-Fired Power Plant Adding Hydrogen to Cut Emissions Profile

A natural gas-fired power plant under construction in southeastern Ohio plans to also use hydrogen to lower its emissions profile and become one of the first electric generators in the country to burn the fuel.  The 485 MW natural gas plant underway at the Long Ridge Energy Terminal that straddles Monroe County, OH, and Wetzel…

October 20, 2020
Natural Gas Contributes Biggest Share of U.S. Electricity Generation Capacity, EIA Says

Natural Gas Contributes Biggest Share of U.S. Electricity Generation Capacity, EIA Says

Natural gas-fired generators contributed more than any other source to the nation’s electricity capacity last year, the U.S. Energy Information Administration’s (EIA) annual survey of electric generators found. Natural gas was used for 39% of electricity generation in 2019. The bulk of the fuel was used in combined-cycle technology, which surpassed coal-fired generators in 2018…

October 20, 2020
NYPA Teaming Up with Environmentalists to Transition Big Apple’s Natural Gas-Fired Peakers to Clean Energy

NYPA Teaming Up with Environmentalists to Transition Big Apple’s Natural Gas-Fired Peakers to Clean Energy

The New York Power Authority (NYPA) said it would join forces with a coalition of alternative energy interests to assess how to transition natural gas-fired “peaker” plants in the nation’s largest city to low-carbon battery storage. The partnership between the public utility and the five groups that make up the Peak Coalition, which is pushing…

October 20, 2020
Colder Weather Data Provides Late Bump for Natural Gas Futures, but LNG Recovery Murkier

Colder Weather Data Provides Late Bump for Natural Gas Futures, but LNG Recovery Murkier

Natural gas futures started off the week lower amid further uncertainty surrounding the pace of liquefied natural gas (LNG) export recovery. A “complicated” weather outlook also left traders unsure of where to price gas, but a chillier turn in Monday’s midday models ultimately lifted the November Nymex contract up 2.2 cents to $2.795. December nudged…

October 19, 2020
North America Oil, Gas Activity Leaner, ‘Stabilizing’ into 2021, Says Halliburton CEO

North America Oil, Gas Activity Leaner, ‘Stabilizing’ into 2021, Says Halliburton CEO

Halliburton Co., the No. 1 fracture specialist in North America, expects to see “progressive improvement” into the new year as the market tightens from more well completions and less drilling in the Lower 48. Regarding the outlook, “2021 feels better from here,” CEO Jeff Miller said during a conference call early Monday to discuss third…

October 19, 2020
With $9.7B Concho Acquisition, ConocoPhillips to Become Permian Giant

With $9.7B Concho Acquisition, ConocoPhillips to Become Permian Giant

ConocoPhillips on Monday announced it is taking over Concho Resources Inc. for $9.7 billion in stock, forming a giant in the Permian Basin that would rival the output of the biggest players in the nation’s most productive oilfield. Concho, a Permian pure-play, is the fifth-largest producer by volume in the massive field. The combination marks…

October 19, 2020
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