Top News
NM town pursues carbon capture at 847-MW coal-fired plant despite warnings
The city of Farmington, N.M., is doubling down on a long-shot bid to keep the 847-MW San Juan coal-fired power plant running past its planned retirement date in 2022.
Permian producers protest steel tariff surcharge from oil pipeline operator
ConocoPhillips
Growing the Permian 'at scale': US oil majors have big plans in West Texas
The biggest oil companies in North America are leveraging their size to bring "end-to-end integration" to the hottest oil play in the Western Hemisphere.
Q2'19 Virginia coal exports plunge YOY; Ala. port ships 35.4% more globally
Coal shipments out of U.S. ports in the second quarter were largely flat from the first quarter but took a double-digit beating from the year-ago period as the nation's largest metallurgical coal port's exports dropped by 28.2% year over year.
Pembina to buy Kinder Morgan's Canadian unit, part of Cochin pipeline for C$4.35B
Pembina Pipeline Corp. agreed to acquire Kinder Morgan Inc. subsidiary Kinder Morgan Canada Ltd. and the U.S. portion of the Cochin pipeline system for about C$4.35 billion.
Quoted
"We are taking a different approach to the Permian ... leveraging the scale of this corporation. … We're doing it at scale, which obviously a lot of the small players wouldn't have the capacity to do," said Exxon Mobil Corp. Vice President of Investor Relations and Secretary Neil Hansen, as his company plots a series of moves to integrate its operations in Texas and New Mexico.
Power
* The Connecticut Department of Energy and Environmental Protection has issued a request for proposals for up to 2,000 MW of offshore wind power, as required by a newly enacted law mandating that capacity procurement by 2030.
* Three Democratic lawmakers are criticizing the U.S. Environmental Protection Agency for its plan to change procedures to resolve challenges to federal pollution permits, saying it would threaten human health and the environment.
* North Carolina lawmakers voted Aug. 20 to amend
* As recent battery fires have highlighted the risks associated with lithium-ion battery systems, Tesla Inc., one of the most prominent builders and distributors of energy storage systems, has stepped up its public support for the technology.
* In a related news, Walmart Inc.
* Sen. Bernie Sanders, a presidential hopeful, plans to unveil his climate plan on Aug. 22, The Hill in Washington, D.C., reported.
* New Hampshire Gov. Chris Sununu vetoed a bill that aimed to alter the use of proceeds from the Regional Greenhouse Gas Initiative, the New Hampshire Union Leader reported.
Natural gas
* Venture Global LNG announced it had made a formal final investment decision to build its Calcasieu Pass LNG export project in Louisiana.
* Michigan regulators have ordered DTE Gas Co. to return $333 million to customers to reflect the impact of lower federal corporate tax rates on the company's long-term investments.
* Columbia Gas Transmission LLC received authorization from the Federal Energy Regulatory Commission to place a portion of its natural gas pipeline replacement project into service in Maryland.
* The Kentucky Public Service Commission fined Johnson County Gas Co. Inc. and B&H Gas Co. $107,500 for issuing unauthorized debt in connection with their dismissed rate cases.
* Indianola Energy
* Royal Dutch Shell PLC sold all its indirect stake in India's Mahanagar Gas Ltd.
Oil
* The Alberta government has decided to extend oil production curtailment to Dec. 31, 2020. Starting October, the base limit for curtailment will increase to 20,000 barrels per day from 10,000 barrels per day.
* Saudi Arabian Oil Co.'s cash flow generation and net cash position could support new acquisitions that support vertical integration, even after the company's deal for a 70% stake in Saudi Basic Industries Corp. and reported negotiations for a slice of Reliance Industries Ltd.'s refining and petrochemicals business, Fitch Ratings said.
* A minority stake in an offshore oil project in Guyana has helped Hess Corp. become the top performing U.S. oil company stock in 2019, The Wall Street Journal reported.
* Bankrupt refiner Philadelphia Energy Solutions LLC has started layoffs of its unionized workforce ahead of the initial deadline, according to Reuters.
* Hibernia Management And Development Co. Ltd.
* MDM Permian Inc. has decided to completely shut down all its activities in the Illinois Basin, including abandoning its Kincaid #1 oil well location and leases.
* Lotus Midstream LLC is considering reversing the flow of its West Texas to Cushing, Okla., pipeline, Reuters reported, citing three people familiar with the matter.
Coal
* U.S. mine safety officials are not adequately evaluating whether monetary penalties are effective at reducing fatal or permanent accidents across the nation's mines, according to an audit from the U.S. Department of Labor's Office of Inspector General released Aug. 20.
* A subsidiary of Rhino Energy LLC entered
ChartWatch

Surging demand in Latin America swept the region into the top spot
New from RRA
* Empire District Electric Co. is looking to increase its Missouri electric base rates for the first time in four years.
The day ahead
* The U.S. Energy Information Administration petroleum status report is due out today.
* Early morning futures indicators pointed to a higher opening for the U.S. equity markets. To view more SNL equity market indexes, click here. To view more SNL Energy commodities prices, click here.

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