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Vitol Creates Upstream Unit to Target Mature U.S. Shale Oil and Gas Assets
July 24, 2020
Vitol, the world’s largest independent oil trader, has created a US subsidiary to acquire mature, producing oil and gas assets in the US’ onshore shale basins, the company said July 20. Houston-based Vencer Energy will be led by Don Dotson,
NARUC Forms Natural Gas Partnership with Department of Energy
July 24, 2020
The National Association of Regulatory Utility Commissioners (NARUC) has formed a new partnership with the U.S. Department of Energy. The Natural Gas Partnership between NAUC and the DOE will facilitate the exchange of information on emerging technologies and investments in
EIA: U.S. Crude Inventories Rise Unexpectedly
July 24, 2020
The Energy Information Administration reported Wednesday that U.S. crude inventories rose by 4.9 million barrels for the week ended July 17. That compared with an average forecast by analysts polled by S&P Global Platts for a decline of 1.9 million
BJ Services and Affiliates Commence Voluntary Chapter 11 Process
July 23, 2020
BJ Services and certain of its affiliates, has voluntarily filed petitions under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas. In connection with the Chapter 11 process, the company
Duke Energy Progress Commissions Asheville Combined Cycle Station, North Carolina
July 23, 2020
Duke Energy Progress customers in North Carolina and South Carolina are receiving 560 megawatts of cleaner energy from the company’s new state-of-the-art Asheville Combined Cycle Station in Arden, North Carolina. The new station generates enough energy to serve about 450,000
KPS Capital to Aquire Briggs & Stratton
July 23, 2020
Briggs & Stratton has entered into a definitive stock and asset purchase agreement with KPS Capital Partners, which has more than a 20-year history focused on successfully developing world-class, industry-leading manufacturing companies. Under the terms of the agreement, an affiliate
Cooper Energy to Invest $38 Million to Upgrade Minerva Gas Plant, Australia
July 22, 2020
Cooper Energy, along with its partner Mitsui Group, has announced $38 million investment in the upgrade of Minerva gas plant to support the increased gas supply in Australia. In December last year, the two companies took possession of the gas
BOEM Plans Oil and Gas Lease Sale in November for Gulf of Mexico’s Outer Continental Shelf
July 22, 2020
The US Bureau of Ocean Energy Management (BOEM), an agency within the US Department of the Interior (DOI), has announced plans to offer about 78.8 million acres in federal waters of the Gulf of Mexico’s Outer Continental Shelf (OCS), for
Chevron Signs $5 Billion Deal to Acquire Noble Energy
July 22, 2020
Energy firm Chevron has agreed to acquire US-based Noble Energy in an all-stock transaction valued at $5 billion. Under the terms of the deal, Noble Energy shareholders will receive 0.1191 shares of Chevron for each share held. The transaction has
Second Bakken Pipeline Shutdown Further Threatens Shale Recovery
July 22, 2020
Earlier this month, a federal judge stunned the U.S. energy sector with an order to shut down the Dakota Access pipeline. Environmentalists hailed it as the first time a fully operating system had been forced to close by a legal
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