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New Fortress Energy Receives Positive Customs Ruling for Its FLNG Facility
March 26, 2024
New Fortress Energy (NFE) said the U.S. Customs and Border Protection has issued a ruling confirming that the transportation of LNG produced at the company’s FLNG facility located offshore Altamira, Mexico by non-U.S. qualified vessels would not violate the Jones
IPAA Releases Statement on 2025 Budget that Would Repeal Standing Oil and Natural Gas Tax Provisions
March 26, 2024
The Independent Petroleum Association of America (IPAA) issued the following statement in response to President Biden’s FY 2025 Budget that would repeal many long-standing oil and natural gas tax provisions. “As we stated last week after President Biden’s State of
Athabasca Oil and Cenovus Energy Close on New JV, Duvernay Energy
March 26, 2024
Athabasca Oil Corporation has closed on transaction agreements to create Duvernay Energy Corporation with Cenovus Energy. Duvernay Energy is a privately held subsidiary of Athabasca. Athabasca and Cenovus have contributed assets into Duvernay Energy combining Athabasca’s existing Duvernay assets, Athabasca’s
ProPetro Acquires Par Five Energy Services Creating a Leading Permian Cementing Services Company
March 26, 2024
ProPetro Holding has acquired the assets and business operations of Par Five Energy Services. Specializing in cementing services in the Delaware Basin, Par Five’s business complements ProPetro’s existing cementing business that operates predominantly in the Midland Basin region of the
Chord Energy Makes New Appointments to Its Executive Leadership Team
March 26, 2024
Chord Energy has made new appoints to its executive leadership team. • Michael Lou will serve as executive vice president, chief strategy officer and chief commercial officer • Shannon Kinney will serve as executive vice president, chief administrative
DOE Launches $2.7 Million Initiative to Repurpose Existing Energy Assets
March 26, 2024
The U.S. Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management (FECM) announced up to $2.7 million in federal funding available to help local communities across the country create a roadmap toward repurposing existing energy assets, with expanded
Crescent Point Energy to Rebrand, Change Its Name to Veren
March 25, 2024
Crescent Point Energy said it intends to change its name to Veren Inc. and will seek shareholder approval for the change at its upcoming annual and special meeting of shareholders on May 10, 2024. “Our new name and logo represent
U.S. Natural Gas Rig Count Falls to Lowest Since January 2022
March 25, 2024
U.S. energy firms last week cut the number of natural gas rigs operating to the lowest level since January 2022, energy services firm Baker Hughes said in its closely followed report on Friday. The combined oil and gas rig count,
GOP Senators Blast Biden’s Proposed $110 Billion Tax Hikes on Coal, Oil, and Gas Industries
March 25, 2024
Two dozen Republican U.S. senators are pushing back against the Biden administration’s plan to increase taxes on the U.S. oil, natural gas, and coal industries to the tune of over $110 billion. U.S. Sen. John Barrasso, R-Wyo., led a coalition
Parker Wellbore and TDE Join Forces to Transform Drilling Industry with tde powerline™
March 22, 2024
Parker Wellbore and TDE have entered into an exclusive strategic alliance aimed at revolutionizing the drilling process. The TDE /Parker partnership will perform pilot projects and commercialize TDE’s proprietary tde powerline™ downhole power and data highway and will provide tde
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