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Alaska’s State Agencies Approve Transfer of BP’s Upstream Assets to Hilcorp
July 6, 2020
The commissioners of Alaska’s Department of Natural Resources (DNR) and Department of Environmental Conservation (DEC) have approved the transfer of BP’s oil and gas leases to Hilcorp Energy Company as part of the $5.6 billion sale the two companies announced
Topaz Energy Acquires Stake in Advantage Oil & Gas’ Glacier Gas Plant for $74 Million
July 6, 2020
Topaz Energy, a private royalty and infrastructure company, has completed acquisition of 12.5 percent stake in Glacier gas plant from Advantage Oil & Gas for cash consideration of $73.7 million. The transaction follows signing of a definitive agreement by Advantage
Embrace the Fourth of July Celebration
July 3, 2020
The meaning of the Fourth of July holds a special place in our hearts this year as we grapple with our freedoms. Freedoms we took for granted have been stripped from our daily lives. As we celebrate the Declaration of
PG&E Emerges from Chapter 11
July 2, 2020
PG&E Corporation and Pacific Gas and Electric Company has emerged from Chapter 11, successfully completing its restructuring process and implementing PG&E’s Plan of Reorganization that was confirmed by the United States Bankruptcy Court on June 20, 2020. “Today’s announcement is
MOGAS Industries Acquires Watson Valve Assets
July 2, 2020
MOGAS Industries recently completed the acquisition of assets of Watson Valve, a Houston-based turn-key manufacturer of severe service valves, to include repairs and coating services. Watson has a global install base of over 3,400 valves, primarily in the mining industry,
ExxonMobil Renews Collaboration with Princeton Energy Center to Advance Low-Emission Research
July 2, 2020
ExxonMobil and Princeton University’s Andlinger Center for Energy and the Environment have renewed their collaboration to research lower-emission technologies and energy solutions. The new, five-year agreement builds on ExxonMobil’s participation in Princeton’s E-filliates Partnership, which began in 2015. E-filliates is
Minnesota Denies Petition to Stop Enbridge’s Line 3 Replacement Project
July 1, 2020
The Minnesota Public Utilities Commission (MPUC) voted to deny petitions for reconsideration filed on May 21, 2020 in the Line 3 Replacement Project (L3RP) environmental impact statement (EIS), certificate of need (CN) and route permit (RP) dockets. “The MPUC’s decision
BLM Seeks Public Comment Kebo’s Ragged Ridge Oil Well, Nevada
July 1, 2020
The Bureau of Land Management (BLM) Tonopah Field Office, Battle Mountain District, is asking the public to review and provide input on an Environmental Assessment that analyzes an application by Kebo Oil and Gas Inc. to drill an exploratory oil
Shale Fracking Returns, Tapping Huge Glut of Idled Equipment
July 1, 2020
Shale fracking crews, mired in a glut of idled equipment, are putting some of their pumps back to work as oil prices rebound. The number of active U.S. frack crews, which bottomed out at 45 last month, has since jumped
AGDC Reduces Alaska LNG Project Cost Estimates to $38.7 Billion
July 1, 2020
Alaska Gasline Development (AGDC) has reduced the cost estimate for the Alaska LNG Project by 12 percent of $5.5 billion from the previous estimate of $44.2 billion. The Alaska LNG is an integrated project involving development of a 20 million
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