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Shell to Exit European Home Retail Energy Businesses
June 6, 2023
Shell said on Tuesday that it had decided to exit its home retail energy businesses in Britain, Germany, and the Netherlands due to their poor returns. Shell launched a strategic review of its European retail businesses in January, citing “tough
Montana DEQ Releases Supplemental Draft Environmental Assessment for NorthWestern Energy’s Gas Plant
June 5, 2023
The Montana Department of Environmental Quality (DEQ) is seeking comments on a supplemental draft environmental assessment, developed under the Montana Environmental Policy Act (MEPA), for the Laurel Generating Station proposed by NorthWestern Energy. The Laurel Generating Station is a proposed
U.S. Oil Rig Count Falls by Most Since September 2021
June 5, 2023
U.S. energy firms this week cut the number of oil rigs operating by the most since September 2021, reducing the overall count for a fifth week in a row, energy services firm Baker Hughes said in its closely followed report
Department of Interior Orders 20-Year Oil Drilling Ban Around Chaco Canyon, Arizona
June 5, 2023
The Biden administration issued a 20-year ban on oil and gas drilling on Friday on federal lands around Chaco Culture National Historical Park, a major announcement that comes after years of lobbying from local Native American tribes and conservationist groups.
LyondellBasell Pushes Back Houston Refinery Closure to 2025, Texas
June 5, 2023
LyondellBasell said it will delay its refining business exit from year-end 2023 to no later than the end of the first quarter 2025. Favorable inspections and consistent performance have given the company confidence to continue safe and reliable operations at
Spicewood Mineral Partners Closes Second Energy Fund With $120 Million in Capital Commitments
June 2, 2023
Spicewood Mineral Partners, a leading Dallas based mineral and energy investment management firm, has made an initial closing of Spicewood Mineral Partners II with approximately $120 million in capital commitments. This is the firm’s fourth investment vehicle launched to date
International Chamber of Shipping Releases Proposal to Support Development of Global Fuel Standard
June 2, 2023
The International Chamber of Shipping (ICS) has submitted detailed well-thought through proposals to the next round of International Maritime Organization (IMO) negotiations. These support the development of a global fuel standard as a technical measure to reduce the GHG intensity
Fiscal Responsibility Act Speeds Up Development of Mountain Valley Pipeline
June 1, 2023
Mountain State residents don’t have to worry whether they’ve got people working on their behalf in Washington, D.C. The negotiations leading up to a compromise Fiscal Responsibility Act are proof. Because of the work done by senators and representative, permitting
Pembina Pipeline Enters Agreement with Marubeni to Develop Low Carbon Ammonia Project
June 1, 2023
Pembina Pipeline Corporation has signed a memorandum of agreement (MOA) with Marubeni Corporation to progress an end-to-end, low-carbon ammonia supply chain from Western Canada to Japan and other Asian markets. The project includes the joint development of a world-scale, low-carbon
Pompano Resource Transformation Acquires Gulf Coast Oil Field from Paloma Resources
June 1, 2023
Pompano Resource Transformation, a wholly-owned subsidiary of XMC Strategies, has acquired a Gulf Coast oil asset, including 33 operated oil wells, from Paloma Natural Gas, which is owned in part by Houston-based private equity firm EnCap Investments. Financial terms of
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