Petrobras will start offering contracts backed by the U.S. Henry Hub reference price, in addition to contracts indexed to the international Brent oil benchmark, the company said in a statement.
Berkshire Hathaway in March proposed building 10 natural gas-powered plants that would supplement the capacity of the Electric Reliability Council of Texas (ERCOT), which provides electricity to most of the state.
The acquisitions of Vega Energy Partners and WGL Midstream follow the sale of AltaGas’ U.S. transportation and storage business to an entity owned by 61C Global and Vega for roughly $275 million on April 23.
A drop in green energy costs and tougher emissions targets take shine away from the natural gas industry’s ‘cleaner than coal’ pitch.
Tailwater Capital’s premise is that demand for affordable, reliable energy isn’t going anywhere. The private equity firm’s deals are designed to help supply it.
While the methane footprint of the Appalachian Basin was found to be larger than that of the Permian in absolute terms, the methane intensity of gas production in Appalachia was lower, says data analytics firm Kayrros.
Project Canary, which has recently launched responsibly sourced natural gas pilot projects with shale giants EQT and Chesapeake Energy, will certify emissions from the gas wellhead to Rio Grande for U.S. LNG developer NextDecade.
A myriad of potential risks to production, however, are at play, according to analysts.
Cutting emissions, EQT CEO Toby Rice says, is “going to be key to allowing natural gas to continue to play a leading role in our energy transition.”
Rice Acquisition Corp. agreed to a business combination worth over $1 billion with Aria Energy and Archaea Energy, both of which are leaders in the U.S. landfill gas and renewable natural gas sectors.