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Canada Launches $562 Million Fund to Help Oil and Gas Firms Reduce GHG Emissions
December 2, 2020
The Canadian government has launched a CAD$750 million (US$562.16 million) fund to help oil and gas companies to reduce methane and other greenhouse gas (GHG) emissions. Canada has set itself a goal of achieving net zero by 2050 and also
Contango to Acquire Liquidation of Assets in Big Horn, Permian, and Powder River Basins
December 1, 2020
Contango Oil & Gas Company has entered into an asset purchase agreement to acquire assets in the Big Horn, Permian, and Powder River Basins via a bank owned liquidation of assets. “We are extremely excited to acquire these oily, low
Mitsubishi Heavy Industries Invests in Hydrogen Technology Firm Monolith Materials
December 1, 2020
Japanese company Mitsubishi Heavy Industries (MHI) has invested in Monolith Materials, a US-based company that provides technology to enable the production of hydrogen and carbon black from methane. The investment marks the entry of MHI Group into the field of
Mexico Unveils Plan for LNG Export Project on Pacific Coast
December 1, 2020
Mexico’s government unveiled its long-awaited infrastructure investment plan including a liquefied natural gas (LNG) export project set for Salina Cruz on the Pacific Coast. Worth around $14 billion, the list of 39 projects is meant to jump start the ailing
Northern Oil and Gas Makes First Acquisition in the Delaware Basin
December 1, 2020
Northern Oil and Gas has acquired non-operated interests in the Delaware Basin from an undisclosed seller consisting of approximately 66 net acres, on which 1.1 initial net wells have been proposed. The proposed wells are expected to be spud in
Riverstone to Acquire Macquarie’s International-Matex Tank Terminals for $2.685 Billion
December 1, 2020
Riverstone Holdings entered into a definitive agreement to buy International-Matex Tank Terminals (IMTT) from Macquarie Infrastructure Corp. for total consideration of $2.685 billion subject to customary closing adjustments. Established in 1939, IMTT is an industry leader in the storage and
DTE Energy to Spin Off Gas Pipeline Business
December 1, 2020
DTE Energy Co. will spin off its gas pipeline business into a publicly-traded company, the Michigan utility said on Tuesday, a move that will increase its focus on providing power to consumers. DTE Midstream will be separated by mid-2021, with
Petrosmith Acquires Wellflex Energy Solutions
November 30, 2020
Petrosmith has acquired the assets of Wellflex Energy Solutions, a leading engineering, procurement and construction management company. Wellflex, headquartered in Fort Worth, Texas, utilizes the latest in design technology to assist in detailed engineering, fabrication and project management to provide
Bankruptcy Court Approves Noble’s Plan of Reorganization
November 30, 2020
Noble Holding Corporation said the United States Bankruptcy Court for the Southern District of Texas has issued an order approving the company’s Joint Plan of Reorganization. The company is working towards emergence as soon as possible upon receipt of certain
Enbridge Files Lawsuit Against Michigan Over Line 5 oil Pipeline Closure Order
November 30, 2020
Enbridge filed a federal complaint in the United States District Court for the Western District of Michigan seeking an injunction to stop the State of Michigan from taking any steps to prevent the operation of Line 5. The attempt to
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