No Shortage of Capital, Shortage of Investable Low-carbon Projects
Investors are looking to the bankability equation—sustainability plus guaranteed returns—and finding that the energy transition’s problem is not a shortage of capital, but a shortage of investable projects.
‘Misguided’ Approach to Energy Transition Threatens Energy Security
International Energy Forum Secretary General Joseph McMonigle says a single, linear pathway to the energy transition is “misguided and an outdated approach.”
More Than 12% of US GoM Oil Output Still Shut After Hurricane Francine
There were 213,204 bbl/d of oil and 298 MMcf of natural gas still offline after Francine hit the coast last week.
Energy Transfer Confirms La Porte Fire, Report of 'Unknown' Vehicle
Energy Transfer acknowledged reports of a vehicle striking a valve on a natural gas liquids line, potentially leading to a large fire in La Porte, Texas, on the morning of Sept. 16.
Souki’s Saga: How Tellurian Escaped Ruin with ‘The Pause,’ $1.2B Exit
President Biden’s LNG pause in January suddenly made Tellurian Inc.’s LNG export permit more valuable. The company’s July sale marked the end of an eight-year saga—particularly the last 16 months, starting with when its co-founder lost his stock, ranch and yacht in a foreclosure.
US Gulf Coast Residents Flee, Oil Production Shut as Francine Intensifies
Energy companies shut-in output at several production platforms as Francine is poised to become a major test for U.S. LNG export plants.
Canadian Government Orders Arbitration, Ending Rail Strike
The rail workers’ union agreed to return to work but is threatening to appeal the court ruling forcing work to continue.
US Announces Record Oil, Gas Pollution Penalty Against Marathon Oil
Marathon will pay a $64.5 million penalty, the largest ever for violations of the Clean Air Act from stationary sources, according to the Environmental Protection Agency and the Department of Justice.
Pemex GoM Oil Platform Blaze Leaves One Dead, 13 Injured
A Coter contract worker died from a fire that broke out at Pemex’s Akal-B platform this weekend that also left several others in serious condition, the company said.
Equinor Resumes Helicopter Flights on NCS Following Fatal Accident
Operator also announced it is expanding its helicopter fleet by 15 through contracts with Bell and Leonardo, with the first two helicopters slated for delivery in about a year.