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

EPA Preps Full-court Press to Curb Coal at Supreme Court Case

January 24, 2022

EPA is preparing to Supreme Court-proof President Biden’s ambitions for a carbon-free power grid by looking beyond direct greenhouse gas regulation and relying on the knock-on effect of stricter air, waste and water rules. It’s a “comprehensive approach” to decarbonize

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Court May Back Mountain Valley Pipeline, Despite NEPA Fight

January 21, 2022

A federal appeals court yesterday appeared ready to uphold an approval to extend the controversial Mountain Valley pipeline. During virtual arguments yesterday, a three-judge panel of the U.S. Court of Appeals for the District of Columbia Circuit appeared skeptical of

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DOE Awards Fifth Strategic Petroleum Reserve Exchange to Bolster Fuel Supply Chain

January 21, 2022

The U.S. Department of Energy (DOE) approved a fifth exchange of 400,000 barrels of crude oil for release to Atlantic Trading and Marketing, Inc. from the Strategic Petroleum Reserve (SPR). This release falls under the authorization published in the DOE

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Harvest Midstream Signs PSA to Acquire Remaining Interest in Arrowhead ST Holdings

January 19, 2022

Harvest Midstream has signed a purchase and sale agreement (PSA) to acquire the remaining interest in Arrowhead ST Holdings (ASTH) from its joint venture partner. Harvest is already the operator of ASTH and a 25 percent owner of the joint

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Sembcorp Completes Vito Regional Production Facility for Shell’s Deepwater Project, Gulf of Mexico

January 19, 2022

Sembcorp Marine, a provider of engineering solutions to the global offshore, marine, and energy industries, has completed the Vito Regional Production Facility (Vito RPF) for Shell Offshore’s deepwater project in the U.S. Gulf of Mexico. Vito is located 241 km

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EPA Approves Lucid’s Plans to Develop Carbon Capture and Secure Storage Project in the Permian Basin

January 18, 2022

Lucid Energy Group said the U.S. Environmental Protection Agency has approved the company’s monitoring, reporting, and verification (MRV) plan to sequester carbon dioxide from its Red Hills gas processing complex in Lea County, New Mexico. The plan, following subsequent approval

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Liberty Lift Acquires Corral Oil Field Services

January 18, 2022

Liberty Lift has acquired Corral Oil Field Services (COFS) in Andrews, Texas. COFS is a family-owned and -operated artificial lift company specializing in the service, repair, and sale of pumping units and related artificial lift equipment in the Permian Basin.

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Targa Resources Strikes $925 Million Deal with Stonepeak

January 18, 2022

Targa Resources Corp. has executed agreements to repurchase interests in its development company joint ventures (DevCo JVs) from investment vehicles affiliated with Stonepeak Partners for approximately $925 million. Targa had approximately $3.2 billion of available liquidity and intends to fund

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Cruz’s Nord Stream 2 Sanctions Bill Fails in U.S. Senate

January 18, 2022

The U.S. Senate on Thursday failed to pass a bill to slap sanctions on Russia’s Nord Stream 2 natural gas pipeline sponsored by Republican Senator Ted Cruz, a day after Democrats unveiled their own legislation. The tally was 55 in

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U.S. Drillers Add Most Oil and Gas Rigs in a Week Since April

January 17, 2022

U.S. energy firms last week added the most oil and natural gas rigs in a week since April as rising oil prices prompt more drillers to return to the wellpad. The oil and gas rig count, an early indicator of

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