Dallas Fed: Trump Can Cut Red Tape, but Raising Prices Trickier
U.S. oil and gas executives expect fewer regulatory headaches under Trump but some see oil prices sliding, according to the fourth-quarter Dallas Fed Energy Survey.
Uncertainty Abounds: IRA Clean Energy Incentives Await Fate
Policy experts weigh in on the next possible steps for President Joe Biden’s signature climate law, the Inflation Reduction Act, following the Trump-led Republican trifecta.
Equinor Secures $3B in Financing for New York’s Empire Wind 1
Equinor’s 810-megawatt Empire Wind 1, which is scheduled to begin commercial operations in 2027, has accumulated the equivalent of about $5 billion in capital investments for the offshore New York project.
FERC Closes Out ’24 with Rulings to Boost LNG Supply
A trio of Federal Energy Regulatory Commission authorizations in the latter half of December allowed new LNG trains to begin operations or boosted gas supplies to the facilities.
Carbon TerraVault Receives California’s First Class VI Permits from EPA
The Environmental Protection Agency granted California Resources Corp.’s Carbon TerraVault Class VI well permits for the underground injection and storage of CO2.
EQT Closes $1.25B Non-Op Appalachia Divesture to Equinor
EQT Corp. said the proceeds of the sale to Equinor were used to repay outstanding borrowings under its revolving credit facility related to its acquisition of Equitrans Midstream Corp.
Mobile Pipeline Maker Hexagon Agility Receives $11.2M Order
Hexagon Agility says an oilfield service company is planning on converting its well-completion equipment fleet from diesel to natural gas.
Vantage Drilling Names Williams Thomson as New COO
Thomson is currently Vantage’s chief commercial officer and CTO and has served the company since 2008.
Ormat Starts Operations at New Jersey Energy Storage Facility
Ormat Technologies Inc. said the Montague energy storage project has a capacity of 20 megawatt/20 megawatt-hours.
Coterra Notches Year-End Permian Deal for $43MM
Coterra Energy will buy an additional 1,650 net royalty acres from Sandia Minerals LLC, the interests of which are owned by Franklin Mountain Royalty Investments, for $43 million.