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Cycle Energy Acquires Harvest Petroleum
July 21, 2020
Cycle Energy Industries has signed a purchase agreement for 100 percent of the issued and outstanding shares of Harvest Petroleum Inc. The purchase agreement states Cycle will purchase all of the issued and outstanding shares of Harvest Petroleum Inc. for
Halliburton and TechnipFMC Launch Joint Subsea Fiber Optic Service
July 21, 2020
Halliburton Company and TechnipFMC introduced Odassea™, the first distributed acoustic sensing solution for subsea wells. The technology platform enables operators to execute intervention-less seismic imaging and reservoir diagnostics to reduce total cost of ownership while improving reservoir knowledge. The Odassea
Midstream Industry Veterans Form Tivoli Midstream, a New Terminal and Storage Platform Company
July 21, 2020
Midstream industry veterans Rance Fromme, Rick Adams, and William Brod have formed a new company Tivoli Midstream. Tivoli brings together 70 years of combined terminal, midstream, logistics, chemical, and energy experience. Tivoli is backed by an equity commitment from its
Align Midstream Partners Enters JV With Sabine Oil & Gas, Completes TOPS Pipeline
July 21, 2020
Align Midstream Partners II has completed the TOPS Pipeline and formed a joint venture agreement in the pipeline with Sabine Oil & Gas, a fully owned subsidiary of Osaka Gas USA . The TOPS pipeline is a 30-mile, 16-inch diameter
Harvest Oil & Gas to Sell Eastern Ohio Wells for $20.5 Million
July 20, 2020
Harvest Oil & Gas, based in Houston, has struck a deal to sell its Appalachian Basin holdings and leave the region. The $20.5 million deal is set to close in August and the buyer hasn’t been identified. The buyer is
Army Corps of Engineers to Appeal Against Dakota Access Pipeline Shutdown
July 20, 2020
The U.S. Army Corps of Engineers has filed a notice of appeal at an appeals court against a district court decision to shut down the Dakota Access pipeline, Reuters reports. A district judge ruled that the Dakota Access is to
Energy Industry Associations Applaud Trump Administration Rule to Streamline NEPA
July 20, 2020
The White House Council on Environmental Quality issued a final rule this week to update the National Environmental Policy Act (NEPA). NEPA requires federal agencies to consider the environmental effects of major federal actions — from the construction of roads
Court Halts Shutdown of Dakota Access Pipeline as Legal Fight Goes Forward
July 17, 2020
The Dakota Access Pipeline may continue to pump crude oil through South Dakota after a federal appellate court on Tuesday temporarily blocked a shutdown ordered by a lower court that was to begin next month. The U.S. Court of Appeals
Pa. Legislature Passes $670 Million Tax Credit Bill for Petrochemical Plants
July 17, 2020
Four months after Gov. Tom Wolf’s veto, legislators again passed a bill that would provide tax credits to petrochemical plants in northeastern Pennsylvania. This time, however, the administration will sign the legislation after negotiations guaranteed prevailing wage benefits and limited
DOE Awards $11.5 Million for FLExible Carbon Capture and Storage Program
July 17, 2020
The U.S. Department of Energy today announced $11.5 million in funding for 12 projects as part of Phase 1 of the Advanced Research Projects Agency-Energy’s (ARPA-E) FLExible Carbon Capture and Storage (FLECCS) program. FLECCS project teams will work to develop
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