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U.S. Drillers Add Rigs for First Time Since March in Strong Recovery
August 26, 2020
The U.S. oil and natural rig count increased this week for the first time since March, with energy firms adding the most oil rigs in seven months, as shale producers start drilling again now that crude prices have recovered from
Occidental Subsidiary Oxy Low Carbon Ventures Forms New Company to Pull Carbon Dioxide from Air
August 26, 2020
Oxy Low Carbon Ventures, a subsidiary of Occidental, and Rusheen Capital Management, have formed a development company, 1PointFive, to finance and deploy Carbon Engineering’s large-scale direct air capture (DAC) technology. 1PointFive and Carbon Engineering have signed a licensing agreement enabling
Alaska Gasline Development Secures Final Approval for DOE for Exports
August 25, 2020
Alaska Gasline Development Corporation’s (AGDC) $38.7 billion Alaska LNG Pipeline Project has secured final authorization for gas exports. The approval from the US Department of Energy (DOE) allows the project to export LNG to all countries, including those without US
ConocoPhillips Acquires Kelt Exploration’s Montney Acreage for $390 Million
August 25, 2020
ConocoPhillips, an exploration and production company, has completed the acquisition of the Montney acreage from a Canadian oil and gas company, Kelt Exploration for about $390 million. The transaction follows an agreement signed by the company to acquire the liquids-rich
Columbia Gulf Asks FERC to Sign Off on Louisiana XPress Project to Avoid Delay
August 25, 2020
Columbia Gulf Transmission is urging the US Federal Energy Regulatory Commission to act quickly on its certificate authorization for the 493 MMcf/d Louisiana XPress Project, warning it is critical to begin construction in September to avoid the rainy season and
OPEC and Allies Urge Members to Comply with Agreed Cuts in Oil Production
August 25, 2020
The Organization of the Petroleum Exporting Countries (Opec) and its allies, collectively called OPEC+, urged oil-producing countries that are drawing above output targets to reduce more volumes in August-September due to concerns of slow oil demand recovery. The association also
Cost of Shale Gas Drilling Permits in Pennsylvania Jumps 150%
August 25, 2020
Pennsylvania more than doubled as of August 1 the fee for all unconventional well permit applications, while shale companies call on state officials to find other mechanisms to fund the oil and gas program of the Pennsylvania Department of Environmental
Geoverse Offers Licensed Spectrum Support for Its Private LTE/5G Solution for Mining and Oil & Gas
August 24, 2020
Geoverse announced support for licensed wireless spectrum on its existing GeoCore™ network service platform. This solution combines low-band licensed spectrum with CBRS (Citizens Broadband Radio Service) to form a high performance and reliable private LTE/5G network that enables the adoption
U.S. Drillers Add Rigs for First Time Since March in Strong Recovery
August 24, 2020
The U.S. oil and natural rig count increased this week for the first time since March, with energy firms adding the most oil rigs in seven months, as shale producers start drilling again now that crude prices have recovered from
Caterpillar Releases Its 2019 Annual Report and Sustainability Report
August 24, 2020
Caterpillar Inc. is illustrating how it’s helping customers build a better world in its recently published 2019 Annual Report and Sustainability Report. “These reports demonstrate the execution of our enterprise strategy to deliver innovative products and services to make our
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