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Biden Administration Shocks Environmentalists, Supports PennEast Pipeline in Supreme Court Case
March 19, 2021
The Biden Administration is backing a natural gas pipeline project in a legal fight about eminent domain that ended up in the Supreme Court, a move that shocked environmentalists who had hoped the Administration would not support any oil and
AG Paxton Leads Multistate Lawsuit Against Biden Administration for Revoking Keystone XL Pipeline
March 18, 2021
Attorney General Ken Paxton said Texas and Montana are filing a multistate complaint against the Biden administration for revoking the 2019 Presidential Permit for the Keystone XL pipeline. The lawsuit states that President Biden does not have the unilateral authority
Valero, BlackRock Partner with Navigator to Develop Large-Scale Carbon Capture and Storage Project
March 18, 2021
Valero Energy Corporation and BlackRock Global Energy & Power Infrastructure Fund III are partnering with Navigator Energy Services to develop an industrial scale carbon capture pipeline system. The initial phase is expected to span more than 1,200 miles of new
Department of Energy Awards $2 Million to Develop Clean Hydrogen Technologies
March 18, 2021
The U.S. Department of Energy awarded $2 million to four research and development (R&D) projects advancing clean-hydrogen production technologies, which may prove pivotal to reducing carbon emissions and meeting the Biden Administration’s climate change goals. “One of the important ways
Crescent Point Energy to Acquire Shell’s Kaybob Duvernay Shale Assets for $707 Million, Canada
March 17, 2021
Crescent Point Energy has agreed to acquire Royal Dutch Shell’s Kaybob Duvernay shale light oil assets in Alberta, Canada for $707 million in a cash-cum-stock deal. The consideration comprises $550 million in cash and 50 million common shares of Crescent
Swire Acquires WesTech Engineering
March 17, 2021
The board of WesTech Engineering said that John Swire & Sons Limited has completed its purchase of all of WesTech’s common stock. The purchase follows the vote by WesTech shareholders, with more than 94 percent voting in favor of the
Vertex Resource Group Acquires Mad Oilfield Solutions
March 17, 2021
Vertex Resource Group has acquired MAD Oilfield Solutions, a privately-held company providing environmental services specializing in industrial cleaning, waste management, and hydro-excavating, based out of Northern Alberta. The acquisition of MAD will add over 50 specialized units, along with other
Siemens Energy Teams Up With Duke Energy and Clemson University to Study Hydrogen Use
March 17, 2021
Siemens Energy, Duke Energy, and Clemson University have teamed up to study the use of hydrogen for energy storage and as a low- or no-carbon fuel source to produce energy at Duke Energy’s combined heat and power plant located at
Chevron to Ramp Up Investment in the Permian Basin
March 16, 2021
Chevron Corp. revived aspirations to pump 1 million barrels a day in the Permian Basin after drastic budget and job cuts trimmed operating costs. Chevron plans to ramp up investment in North America’s biggest oil field through 2025, reversing the
HighPoint Files for Bankruptcy, Set to Be Bought by Bonanza Creek Energy
March 16, 2021
HighPoint Resources Corp. filed for bankruptcy, setting in train a process that will result in the Denver-based shale oil producer being acquired by Bonanza Creek Energy Inc. The driller filed a Chapter 11 petition in U.S. Bankruptcy Court in Delaware,
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