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Texas Oil and Gas Industry Pays $38 Million a Day to Fund Schools, Roads, First Responders
February 26, 2019
For those who consistently accuse the fossil fuels industry of being greedy and selfish, here’s a statistic for you: in fiscal year 2018, the Texas oil and natural gas industry paid over $14 billion in state and local taxes and
EIA Adds New Play Production Data to Its Shale Gas and Tight Oil Reports
February 26, 2019
The US Energy Information Administration (EIA) has added new play production data to its shale gas and tight oil reports. Last December, US shale and tight plays produced approximately 65 Bcf/D of natural gas and 7 million B/D of crude
Appeals Court Upholds FERC Approval of $4.6 Billion Mountain Valley Pipeline Project
February 25, 2019
The US Court of Appeals for the D.C. Circuit has upheld the Federal Energy Regulatory Commission’s (FERC) approval of the $4.6 billion Mountain Valley Pipeline project to be laid between northwestern West Virginia and southern Virginia. The judgment from the
FERC Approves Venture Global’s Calcasieu Pass $5 Billion LNG Export Terminal, Louisiana
February 25, 2019
Venture Global LNG Inc. said it will start construction immediately on its $5 billion Calcasieu Pass liquefied natural gas export terminal in Louisiana after receiving approval from the top U.S. energy regulator. The Federal Energy Regulatory Commission cleared Venture Global’s
Nauticol’s $1.5 Billion Methanol Plant Gets Funding Support from Alberta
February 25, 2019
The Alberta government has pledged its support to a C$2 billion ($1.51 billion) methanol plant proposed to be developed by Nauticol Energy in the Canadian province. The methanol plant, which will be built 10km south of Grande Prairie, will be
Devon Energy Divesting Canadian Oilsands and Barnett Shale Assets
February 25, 2019
Devon Energy Corporation plans to separate its Canadian oilsands and Barnett Shale assets. The company said these plans aim “to complete the transformation to a high-return U.S. oil growth business.” Along with its fourth-quarter earnings release for 2018, Oklahoma City-based
MDU Resources Subsidiary to Retire Three Aging Coal-fired Units, Build New Gas Plants
February 22, 2019
MDU Resources Group’s subsidiary Montana-Dakota Utilities said it intends to retire three aging coal-fired electric generation units at two locations within the next two to three years and construct a new simple-cycle natural gas combustion turbine to cost-effectively meet the
Qatar Petroleum and ExxonMobil to Commence Contruction of Golden Pass LNG Facility, Texas
February 22, 2019
The Golden Pass Products export project at the existing Golden Pass LNG facility in Sabine Pass, Texas, is moving forward following a positive final investment decision from its owners, affiliates of Qatar Petroleum and ExxonMobil. Golden Pass awarded the engineering,
Targa Resources to Sell Stake in Badlands Assets for $1.6 Billion, North Dakota
February 21, 2019
Targa Resources has agreed to sell 45 percent stake in its midstream assets in North Dakota to funds managed by GSO Capital Partners and Blackstone Tactical Opportunities (together called Blackstone) for $1.6 billion in an all-cash deal. The North Dakota
Saulsbury Strengthens Its Focus on Upstream and Midstream Markets
February 21, 2019
Saulsbury has announced plans to focus on serving clients in the upstream and midstream oil and gas sector with its expertise in engineering, procurement and construction (EPC) as well as continued growth in its field services business unit. In addition,
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