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

Interior Readies for Region-Wide Oil and Gas Lease Sale for Gulf of Mexico

February 19, 2019

In support of President Donald J. Trump’s America-First Offshore Energy Strategy, Interior’s Assistant Secretary for Land and Minerals Management Joe Balash and Bureau of Ocean Energy Management Acting Director Walter Cruickshank today announced that BOEM will offer 78 million acres

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U.S. Expects Record Domestic Oil Production in 2019, 2020

February 19, 2019

The U.S. expects domestic oil production to reach new heights this year and next, and that prices — for both crude and gasoline — will be lower than they were in 2018. Government forecasters are sticking to their forecast that

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Texas Oilers Give Trump Credit for Breaking Production Record From 1970s

February 19, 2019

Texas oil drillers congratulated themselves for breaking their 1973 production record by 20 percent in 2018. They gave a shoutout to President Donald Trump for rolling back regulation on the industry. In 2018, 1.54 billion barrels of crude were pumped,

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Williams and Targa Reveal $600 Million NGL Pipeline Projects in U.S.

February 18, 2019

Williams and Targa Resources revealed their plans to develop new natural gas liquids pipeline projects (NGL pipeline projects) in the U.S. with an investment of around $600 million. The NGL pipeline projects to be developed are the 302.5km long Bluestem

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BHP Approves $1.3 Billion for Atlantis Phase 3 Project, Gulf of Mexico

February 18, 2019

BHP said that its board has sanctioned the company’s share of $696 million funding for the $1.3 billion Atlantis Phase 3 project in the deepwater U.S. Gulf of Mexico. The decision from BHP comes about a month after its partner

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Howard Energy, NextEra Energy Enter JV to Develop Natural Gas Transportation Opportunities

February 18, 2019

Howard Energy Partners and NextEra Energy Partners said that they entered into a joint venture to develop additional natural gas transportation opportunities in the Eagle Ford shale region of South Texas. The joint venture intends to market capacity on NextEra

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Encana Completes $7.7 Billion Acquisition of Texas-based Newfield Exploration

February 18, 2019

Canada-based Encana has wrapped up its $7.7 billion acquisition of U.S. oil and gas company Newfield Exploration. The all-stock deal between Encana and Newfield Exploration, worth around $5.5 billion, was announced in November 2018, under which the former also agreed

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Williams and Targa to Expand Infrastructure to Link Conway and Mont Belvieu Markets

February 15, 2019

Williams and Targa Resources Corp. signed new natural gas liquids (NGL) agreements and NGL pipeline projects that will link the Conway, Kansas, and Mont Belvieu, Texas, NGL markets. Williams will build a 188-mile NGL pipeline, called the Bluestem Pipeline, from

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Consumer Energy Alliance: Green New Deal Could Cost Consumers $244 Billion in Appliance Replacement

February 15, 2019

Following news that Senate Majority Leader Mitch McConnell, R-Ky., plans to bring the proposed Green New Deal up for a Senate vote, David Holt, President of Consumer Energy Alliance (CEA), the leading consumer energy advocate, released the below statement: “The

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Sentinel Midstream to Develop Texas GulfLink Crude Oil Export Terminal

February 14, 2019

Sentinel Midstream, a portfolio company of Cresta Energy Capital, has unveiled its plans to develop a deepwater crude oil export terminal in Texas, dubbed as Texas GulfLink. To be built near Freeport, Texas GulfLink, upon its completion, will be able

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