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NERC Releases Its 2023 Summer Reliability Assessment
May 18, 2023
EPA’s new Good Neighbor Plan could hurt reliability of the bulk power system as operators limit generation from coal and natural gas plants in order to comply with the rule’s tighter requirements, the North American Electric Reliability Corporation (NERC) said
Epsilon Energy Acquires Assets in Permian Basin, Texas
May 17, 2023
Epsilon Energy Ltd. reported an investment in Ector County, Texas with material follow-on development opportunities. Epsilon entered into a second drilling focused transaction in the Permian Basin. The acquired assets are a 25 percent working interest in 12,373 gross acres
Equinor and Partners Officially Open Upgraded Njord Field in Norwegian Sea
May 17, 2023
The Njord field in the Norwegian Sea was officially opened by the minister of petroleum and energy, Terje Aasland on May 15. The platform and the floating storage and offloading vessel (FSO) have undergone extensive upgrades and are now ready
Montrose Environmental Group Acquires GreenPath Energy of Canada
May 16, 2023
Montrose Environmental Group has acquired GreenPath Energy, a leading optical gas imaging and fugitive emissions management services firm in Canada. GreenPath’s leadership, including president Joshua Anhalt, will join Montrose and be integrated into the company’s measurement and analysis segment. Terms
TravelCenters of America Approves $1.3 Billion Acquisition by BP
May 16, 2023
TravelCenters (TA) of America said Wednesday that TA stockholders voted to approve TA’s acquisition by BP. Under the terms of the agreement, BP’s wholly-owned subsidiary will acquire all of the outstanding shares of TA common stock for $86 per share
Joseph Gorder to Retire as Valero’s CEO, Lane Riggs to Assume CEO Position
May 16, 2023
Valero Energy Corporation said Joseph Gorder, Valero’s chief executive officer and chairman of the board, has chosen to retire as CEO and has been elected as executive chairman of the board, both effective June 30, 2023. In his new role,
Tallgrass Energy Launches Open Season for Transportation on Pony Express Pipeline
May 15, 2023
Tallgrass Pony Express Pipeline, operated by Tallgrass, has launched two binding open seasons. Tallgrass is soliciting both shipper commitments and acreage dedications for crude oil transportation from Pony Express’ Platteville, Buckingham, and Pawnee origins, in exchange for incentive tariff rates.
Senator Capito Pledges Formal Challenge to EPA’s Newest Power Plant Regulations
May 15, 2023
U.S. Senator Shelley Moore Capito (R-W.Va.), Ranking Member of the Senate Environment and Public Works (EPW) Committee, issued the statement below on the Environmental Protection Agency’s (EPA) latest set of proposed power plant regulations that will force the closure of
The Nerd’s Guide to Biden’s New Climate Rule
May 15, 2023
President Joe Biden’s administration on Thursday proposed powerful new limits on greenhouse gas emissions from the nation’s coal- and natural gas-fired power plants. The rule, which covers existing fossil fuel plants as well as future ones, clocks in at 681
U.S. Oil and Gas Rig Count Falls to Lowest Since June 2022
May 15, 2023
The U.S. oil and natural gas rig count fell this week to its lowest in nearly a year, as gas rigs slumped by the most in a week since February 2016, energy services firm Baker Hughes said in its closely
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