Industry Warns Ruling Could Disrupt GoM Oil, Gas Production
Energy trade associations are decrying a legal...
Energy trade associations are decrying a legal decision by a U.S. District Court judge they say could halt oil and gas operations in the Gulf of Mexico (GoM) before the end of the year.
A Maryland judge reversed a 2020 environmental decision that had served as the framework for oil and gas activities in the GoM, potentially suspending offshore operations indefinitely pending further regulatory review.
Federal Judge Deborah Boardman, an appointee of President Joe Biden, vacated a 2020 Gulf of Mexico Biological Opinion (BiOp) in an opinion filed on Aug. 19 in the U.S. District Court for the District of Maryland. Boardman’s decision cited violations of the Endangered Species Act and the Administrative Procedure Act due to failing to fully analyze the jeopardy of certain species’ populations and the impact of oil spills.
Hotter Temps Drive Japanese Demand for Spot LNG from US
Japan is seeking LNG, potentially from the...
Japan is seeking LNG, potentially from the U.S., to cover summer-related electricity demand that could extend into early October amid reduced gas import supply.
Above-average temperatures are forecast for most regions of Japan through at least the end of September, according to Rystad Energy’s Senior Analyst Masanori Odaka.
“Hotter temperatures and limited prompt supply have compelled Japanese importers to secure spot LNG for September delivery,” Odaka said Sept. 10 in a research report.
Williams Files for Temporary Permit to Keep $950MM Project Online
After a D.C. court vacated a permit for a pipeline...
After a D.C. court vacated a permit for a pipeline project running through five mid-Atlantic states, Williams Cos. filed with the Federal Energy Regulatory Commission (FERC) for a temporary emergency certificate to keep the system running.
In July, the Court of Appeals, D.C. Circuit, invalidated a FERC permit from Transcontinental Gas Pipe Line Co., a subsidiary of Williams, for the Regional Energy Access (REA) project. The REA is a $950 million expansion project adding about 829,000 dekatherms of energy capacity a day to an already existing pipeline system, serving 4.4 million homes.
Williams must request a temporary certificate from the FERC to keep the system operational while the agency reviews the court’s decision.
Helmerich and Payne Announces $1.25 Billion Notes Offering to Pay for International Acquisition
Tulsa-based Helmerich & Payne announced it had priced an offering...
Tulsa-based Helmerich & Payne announced it had priced an offering of $1.25 billion in senior notes to help pay for its recent acquisition of an international oil and gas operation headquartered in the United Kingdom.
The acquisition, announced in late July, totaled $1.9725 billion in cash as Helmerich & Payne took over KCA Deutag International Limited and its 9,000 employees. The Aberdeen, United Kingdom company operates in more than 20 countries worldwide.
Combined with KCA Deutag’s global operations, upon completion of the transaction, H&P will have leading positions in the U.S. and Middle East, the two most prominent oil and gas-producing regions in the world.
Inflation cooled to a three-year low. Somewhere in...
Inflation cooled to a three-year low. Somewhere in the DC suburbs, Jerome Powell just let out a hearty exhale and cracked a victory smirk. The consumer price index fell for the fifth straight month in August to 2.5%, down from 2.9% in July and approaching the Fed’s 2% target. The news all but locks in an interest rate cut this month, but it’s likely to be a smaller quarter-point reduction (as opposed to a half-point) as certain prices like housing remained stubbornly high. Still, it underscores the narrative that inflation has largely been tamed, while the Fed pivots to worrying about the labor market instead.
Caroline Ellison, the former Alameda Research CEO and ex-girlfriend of FTX founder Sam Bankman-Fried, is asking for no prison time for her role in the collapse of the crypto exchange, per court filings.
McDonald’s is rolling out digital ordering kiosks that accept cash and distribute change, giving customers without a credit card another option to pay.
Forty-two state attorneys general are calling on Congress to pass legislation that would require social media companies to place mental health warning labels on platforms.
Ken Griffin, the billionaire hedge fund manager, made a “philanthropic leadership gift” to pay for the hiring of new US men’s national soccer team head coach Mauricio Pochettino.
The State Department made it easier to renew your passport online and said it can now handle processing more applications per day.
Zimbabwe is considering culling elephants for the first time since 1988 to address food shortages.
