The Permian Basin’s production of natural gas is so big that at least a dozen new pipelines in Texas, Louisiana and Oklahoma are planned next year to hand the transportation of the product. It’s being billed as the biggest pipeline buildup since the shale gas boom of 2008. Bloomberg reported the projects could …
Category: Oil & Gas
Energy briefs
** President Donald Trump signed an executive order Monday establishing the “Genesis Mission,” a federal effort to boost innovation using artificial intelligence — the latest step by the administration to promote AI technology and its adoption. The effort aims to better coordinate research done by agencies across the government and more effectively integrate AI tools to achieve …
Ukraine’s support for Russia peace deal sent crude prices falling
Crude oil prices fell more than 1% on Tuesday after Ukraine hinted it might be willing to accept a peace deal with Russia, stoking worldwide concerns of a growing crude oil glut. Such a deal, if reached, would also involve an easing of U.S. sanctions on Russian oil and potentially add more …
Crude oil dropped on peace plan prospects
Crude oil prices went through a small drop on Monday as investors and traders remained worries a Russia-Ukraine peace deal could mean easing of sanctions on Russia and increase oil flows to the market. Analysts continue to predict that rising global supply growth will outpace demand, contributing to a general downward trend in prices. …
Energy briefs DOE,COP30 ends, Rosneft
** A DOE official says the federal government plans to buy and own as many as 10 large nuclear reactors, which it could pay for in part with $550 billion in promised investment from Japan. ** The Trump administration has ordered the J.H. Campbell coal-fired power plant in Michigan to stay open for the next …
Gas group cheers approval of SPEED Act
The American Gas Association applauded U.S. House of Representatives Committee on Natural Resources Chairman Bruce Westerman (R-AR) and Reps. Jared Golden (D-ME), Henry Cuellar (D-TX), Pete Stauber (R-MN), Vicente Gonzalez (D-TX), Harriet Hageman (R-WY), Michael Baumgartner (R-WA), Gabe Evans (R-CO), Marie Gluesenkamp Perez (D-WA), Donald Davis (D-NC), Mariannette Miller-Meeks (R-IA), Adam Gray (D-CA), Nick Begich (R-AK), Jim Costa …
Increased rig activity in Oklahoma and the U.S.
The latest Baker Hughes Rig Count released on Friday showed Oklahoma with a gain of one rig in its oil and gas activity while the U.S. gained 5 for a total of 554 rigs across the country. Oklahoma increased to 42 rigs while one year ago, the count stood at 44 active rigs. The …
OCC seeks reimbursement from Nject Disposal
Mike Ray, Southwest Ledger The Oklahoma Corporation Commission filed an enforcement action recently against Nject Disposal LLC, seeking fines and reimbursement of “various costs” arising from a saltwater “purge” flowing in Caddo County for the last two months. In his “Complaint for Contempt of Rules and Regulations” filed Nov. 6, Jeremy Hodges, director of the …
Virginia activists worry about Williams pipeline
Residents of Virginia and North Carolina have expressed growing concerns over the expansion of a Williams Cos. pipeline meant to transport gas. Williams, headquartered in Tulsa, is one of two major energy firms to transport gas through the Appalachian regions of the two states. But their plans, part of an effort to also create …
Possible peace sent oil prices falling Friday
Growing attempts by the U.S. to broker a peace deal between Russia and Ukraine created more concern that such an agreement could lead to increased global oil supplies. As a result, crude oil prices on Friday fell nearly 3% in the states and 2% across the world. West Texas Intermediate crude dropped 2.6% to settle …