Oil, Gas and Shale
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NEWS Click on text to read news by category: General | Product | People | Worldwide

Grid Managers and Utilities Struggle as Grid Reliability Crisis Continues to Deepen

May 12, 2022

The grid reliability crisis continues to deepen and spread. Warnings about capacity shortfalls and blackouts are so frequent and ubiquitous they are as regular as a utility bill. Just this week, The Wall Street Journal found that, “from California to

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Crescent Energy Closes Acquisition of Uinta Basin Assets for $690 Million

May 11, 2022

Crescent Energy Company has closed on its previously reported acquisition of Uinta Basin assets. Total cash consideration at closing was approximately $690 million. “We are excited to close this highly accretive transaction and expand our Rockies position. We were able

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FERC Approves Change to Mountain Valley Pipeline Plan

May 11, 2022

Following a string of permit setbacks, federal regulators have approved the Mountain Valley pipeline’s request to change the crossing method for about 180 bodies of water and wetlands, a decision quickly panned by project opponents. The Federal Energy Regulatory Commission,

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ExxonMobil Receives Top Certification for Methane Emissions Management for Natural Gas from Permian

May 11, 2022

ExxonMobil said approximately 200 million cubic feet per day of natural gas produced from its Permian Basin facilities at Poker Lake, New Mexico have been independently certified and received the top grade for methane emissions management. The certification from MiQ

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Link Manufacturing Opens Facilities in Iowa and Michigan

May 11, 2022

Link Manufacturing has officially opened two new facilities. Link’s 50,000-square-foot Plant 4 manufacturing and training facility is located on the company’s Sioux Center, Iowa, campus, and its new Suspension Controls Engineering Center is located in Grand Rapids, Michigan. Both locations

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SEC Extends Deadline to Weigh in on Climate Risk Proposal

May 10, 2022

The Securities and Exchange Commission (SEC) extended how long the public will have to weigh in on a proposal that would require companies to reveal their vulnerabilities and contributions to climate change. In a Monday press release, the SEC said

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Biden Sidelined Global Energy Partners with Record Emergency Oil Release

May 9, 2022

The United States announced a record-sized release of emergency crude oil reserves in March without consulting partners in the International Energy Agency, leaving them scrambling to match with releases of their own, according to two sources familiar with the matter.

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U.S. Drillers Add Oil and Gas Rigs for Seventh Week in a Row

May 9, 2022

U.S. energy firms last week added oil and natural gas rigs for a seventh week in a row amid high prices and prodding by the government, although most shale producers were prioritizing shareholder returns over new spending on production. The

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DOE Launches $2.3 Billion Notice of Intent to Cut U.S. Carbon Pollution

May 9, 2022

The U.S. Department of Energy (DOE) announced more than $2.3 billion for three efforts to advance diverse carbon management approaches that reduce carbon dioxide (CO2) pollution, address the impacts of climate change, and create good-paying jobs while prioritizing community engagement

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EPA and Army Host Midwest-Focused Virtual Regional WOTUS Roundtable

May 9, 2022

The U.S. Environmental Protection Agency (EPA) and U.S. Department of the Army (Army) (together, the agencies) will host a virtual Midwest-focused regional roundtable on “waters of the United States” (WOTUS) on May 9, 2022, from 9:30 a.m. to 12:00 p.m.

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