Canada's Montney Shale draws increased US investment
As US shale opportunities dwindle, US companies such as ConocoPhillips,...
As US shale opportunities dwindle, US companies such as ConocoPhillips, Ovintiv and Murphy Oil are turning north to Canada's Montney Shale, lured by its rich condensate reserves, longer inventory lifespan and strong economics. The region's natural gas production is forecast to surpass 10 Bcf/d by the end of the year and reach 15.4 Bcf/d by 2030, but regulatory hurdles, infrastructure constraints and volatile gas prices could hinder its growth.
Methane pyrolysis could unlock new value for gas firms
Methane pyrolysis, a process that converts natural gas into hydrogen...
Methane pyrolysis, a process that converts natural gas into hydrogen and carbon without emitting CO2, offers gas producers a dual opportunity for revenue generation and decarbonization. "Methane pyrolysis sits in this weird little space in between where it's currently proven and really interesting at distributed scale, takes advantage of existing infrastructure and has scalability potential, but it still has some challenges to solve along the way," said Lindsey Motlow of Darcy Partners.
Williams' Transco pipeline has begun receiving around 300 MMcf/d of...
Williams' Transco pipeline has begun receiving around 300 MMcf/d of Permian Basin natural gas from the new 580-mile, 2.5-Bcf/d Matterhorn Express Pipeline connecting the Waha hub to the Houston area. The new pipeline brings relief to a market strained by limited capacity, helping narrow the gap between Waha and Henry Hub prices.
Most homes in Helene’s path didn't have flood insurance. Only...
Most homes in Helene’s path didn't have flood insurance. Only 2% of the homes hit by Hurricane Helene in Georgia, North Carolina, and South Carolina had a policy protecting them against catastrophic flooding, according to an analysis by Politico and E&E News. The storm tore through six states, killing at least 200 people, with particularly sweeping devastation in the mountainous parts of western North Carolina, where few people saw it coming. Homeowners there don’t usually have flood insurance, either because they aren’t expecting heavy hurricane damage that far from the coast or because they can’t afford it.
OpenAI, which closed the largest funding round ever at $6.6 billion earlier this week, has also secured $4 billion in credit.
PayPal completed its first transaction using its proprietary stablecoin to pay an invoice to Ernst & Young. It’s a milestone for the payments company’s advance into cryptocurrency.
The free IRS tax filing software, which was piloted in 12 states for the 2024 tax season, will be available in 24 states for 2025.
McDonald’s will sell the Chicken Big Mac in the US beginning on Oct. 10, but only for a limited time.
Garth Brooks was accused of sexual assault and battery by his former makeup artist in a civil lawsuit.
Dockworkers union agrees to suspend U.S. port strike
The International Longshoremen's...
The International Longshoremen's Association, representing 45,000 dockworkers at East and Gulf coast ports, has agreed to suspend their strike until January 15, allowing time for contract negotiations with the U.S. Maritime Alliance. While wage increase terms have reportedly been reached, other details remain undisclosed as the agreement awaits final signatures, with workers set to resume their duties immediately.
The strike, which began Tuesday after the previous contract expired, affected 36 ports from Maine to Texas that handle approximately half of U.S. ship cargo. Though occurring during the peak holiday shopping season, most retailers had prepared for the potential disruption by stocking up or shipping early, minimizing immediate impacts on consumer goods availability.