Hess Announces 2023 Capital Budget, Bakken Investment Remains Strong

NEW YORK–(BUSINESS WIRE)–Jan. 24, 2023– Hess Corporation (NYSE: HES) today announced a 2023 Exploration & Production capital and exploratory budget of $3.7 billion, of which more than 80% will be allocated to Guyana and the Bakken. Net production is forecast to average between 355,000 and 365,000 barrels of oil equivalent per day in 2023. Bakken net production is forecast to

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Is New Technology Making Used Wind Turbine Blades Recyclable?

Not that long ago, a story popular in certain political circles was pointing out the challenge that comes with landfilling and disposing of wind-turbine blades at the end of their lives. With over 60,000 turbines across the country, and blades more than 100 feet long, it’s no small problem. But fast forward a couple of

Read & Share   sourced from: Cedar Rapids Gazette

U.S. Approves First Small Modular Nuclear Reactor, Beginning New Era for Atomic Energy

Nuclear energy is back. Well, it never really went away, but a new wave of small reactors is on the horizon, and the design that drives them was recently approved by the U.S. Nuclear Regulatory Commission. It’s just the seventh reactor design approved for use in the U.S. and what makes it different is its

Read & Share   sourced from: Vice

U.S. Greenhouse Gas Emissions Went Up Again in 2022

In spite of widespread efforts to curb them, U.S. greenhouse gas emissions continue to grow. The Federal government has set a reduction goal to 50% of the 2005 levels by 2030. To achieve that goal, the U.S. will need to average a 5% annual reduction between now and then. Why does it matter in Minot?

Read & Share   sourced from: Scientific American

State awards renewable energy grants

Bismarck, ND — The North Dakota Industrial Commission approved $2.8 million in Oil and Gas Research and Renewable Energy Program matching grants for six new research projects. The funding, generated from oil and gas production tax revenue, supports the growth of North Dakota’s oil and gas industry through research and education. The Renewable Energy Program

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Sen. Jeff Magrum files 8 bills related to Summit Carbon Solutions pipeline

Summit Carbon Solutions has seeking approval to build a 2,000-mile network of carbon capture pipelines connecting several ethanol plants in the upper midwest to final storage locations West of Bismarck. But Senator Jeff Magrum has proposed a number of bills adding significant legislative oversight and hurdles to the proposed project. The bills pertain largely to

Read & Share   sourced from: Dickinson Press

Oil Production: January Director’s Cut and November Production Numbers

North Dakota’s Director of the Department of Mineral Resources, Lynn Helms and the Director of the North Dakota Pipeline Authority, Justin Kringstad Director deliver a monthly webcast providing updates on the state’s oil production trends. January’s report with data through November is available below. November numbers reflect an approximate 2% decline, due by assumption to

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To Get Off Fossil Fuels, America Is Going to Need a Lot More Electricians

This story may get eyebrow furrows in a place like North Dakota where we’re less in a hurry to get off fossil fuels. After all, we produce a lot of reliable energy with them. But this isn’t a story about climate change, it’s about hedging bets and acknowledging the wave that’s on the horizon. America

Read & Share   sourced from: Grist

Cerilon gas-to-liquids project moving forward in Williams County

Williams County is set to benefit from a multibillion-dollar investment by Canadian company Cerilon. The production is for gas-to-liquids which is a process that converts natural gas to liquid fuels like gasoline and diesel. The project got considerable financial support from Williams County and the State of North Dakota and is progressing toward a 2025

Read & Share   sourced from: Williston Herald

Hydrogen Projects Making Gains in North Dakota and South Texas

North Dakota’s role as an energy hub continues to evolve, and three big players are betting a big part of the energy future will be hydrogen. The MHA Nation has partnered with Bakken Energy and now BNSF to deliver produce and deliver more than 380,000 metric tons of hydrogen annually. Get the full story on

Read & Share   sourced from: NGI

A Swiss company says it has pulled CO2 out of the atmosphere and stored it underground

The thing about North Dakota’s energy production — it’s carbon intensive. We pull it from the earth, burn it, and release it into the atmosphere. That’s why environmentalists are down on coal and oil. But what if we had a method for capturing that carbon from the atmosphere and putting it back underground? Well, the

Read & Share   sourced from: The Verge

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Farmers, ranchers could capture almost a third of North Daktoa’s carbon emissions

Did you know North Dakota’s ranch-sustaining grasslands also serve as carbon sponges? It’s a byproduct benefit of sustainable, regenerative practices many ranchers are already embracing. Patrick Springer has the full story at the Dickinson Press on an idea that may help North Dakota meet Governor Burgum’s 2030 carbon emission goals.

Read & Share   sourced from: Dickinson Press

Sweden makes regulatory push to allow new nuclear reactors

The European energy apple cart was upset over the past year; Russia’s invasion of Ukraine changed everything. As a result, energy security has become a big priority. Sweden looking at nuclear sources to meet their demand. Get the full story from Reuters.

Read & Share   sourced from: Reuters

Demand for Wyoming coal is collapsing. Seismic changes are ahead for the state.

This story matters in Minot and North Dakota as much for the content as for the source. It’s common to see this type of headline from a national news source, but this story is local, from the heart of Wyoming.  And the story is that of a local economy looking at a hard truth coming.

Read & Share   sourced from: Casper Star Tribune

New North Dakota office aims to coordinate energy projects

A new office inside the state’s Department of Commerce will focus on the energy industry. The North Dakota Energy and Economic Coordination Office will help energy companies new and existing secure major projects within the state. The full news release from the Department of Commerce follows below. —- NEWS RELEASE, ND DEPARTMENT OF COMMERCE —-

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Flaring in North Dakota causes thousands of hospital visits, costs millions in medical expenses, study finds

North Dakota has made improvements in the amount of natural gas flared as a result of oil production, but the impacts on those living closest to the activity are still significant.  Patrick Springer writing at The Dickinson Press has the full story on the down-wind health costs that researchers suggest are tied to flaring.

Read & Share   sourced from: Dickinson Press