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Minnesota Judge Rules in Favor of Enbridge’s Line 3 Replacement
October 23, 2020
An administrative law judge has found that Minnesota pollution regulators properly considered the construction impacts of Enbridge’s new pipeline, a blow to the oil pipeline’s opponents. The ruling by Judge James LaFave stems from a challenge to the draft water
Weir Group to Sell Oil and Gas Division to Caterpillar for $405 Million
October 23, 2020
The Weir Group has entered into an agreement for the all-cash sale of its entire Oil & Gas division to Caterpillar for an Enterprise Value of US$405 million, subject to customary working capital and debt-like adjustments at closing. This follows
OPEC+ Pledges to Take Action Amid Weak Oil Demand
October 22, 2020
The Organization of the Petroleum Exporting Countries (OPEC) and its allies (collectively called OPEC+) have pledged to take steps to support the oil market amid weak demand resulting from a second wave of the coronavirus across various countries. The second
Pioneer Natural Resources to Acquire Rival Parsley Energy for $4.5 Billion in All-Stock Deal
October 22, 2020
Pioneer Natural Resources Co said on Tuesday it would buy smaller rival Parsley Energy Inc in a deal valued at about $4.5 billion, the latest consolidation among U.S. shale producers slammed by the rout in oil prices during the pandemic.
Canada Approves Nova Gas Transmission System Expansion Project
October 22, 2020
The Government of Canada has approved the C$2.3 billion ($1.75 billion) NOVA Gas Transmission (NGTL) Ltd. 2021 System Expansion Project with 35 conditions. The decision was taken based on facts, science, indigenous knowledge, public interest and concerns of potentially impacted
Pew Research Report: Natural Gas Viewed More Positively than Other Fossil Fuels Globally
October 22, 2020
As governments around the world debate the mix of fossil fuel and renewable sources they use to meet their energy needs, public attitudes about natural gas are mostly positive, according to a recent international survey by Pew Research Center. A
Native American Tribes Make New Move to Shut Down Dakota Access Pipeline
October 22, 2020
Native American tribes opposed to the Dakota Access Pipeline once again have asked a federal judge to stop the flow of oil while the legal battle over the line’s future plays out. The Standing Rock Sioux and other tribes succeeded
ConocoPhillips to Acquire Concho Resources
October 20, 2020
ConocoPhillips has agreed to acquire domestic rival Concho Resources in a $9.7 billion all-stock transaction that signals a growing focus on consolidation across the US shale patch. The deal will give Conoco an output capacity of more than 1.5 million
BOEM’s Lease Sale 256 to Offer 14,755 Exploration Blocks, Gulf of Mexico
October 20, 2020
The US Bureau of Ocean Energy Management (BOEM) is set to offer nearly 78 million acres in the US Gulf of Mexico for oil and gas exploration and development under the Lease Sale 256 programme. The region-wide lease sale for
Illinois Regulators Approve Expansion of Dakota Access Oil Pipeline
October 20, 2020
Illinois regulators late on Wednesday approved an expansion of the Dakota Access oil pipeline, the largest pipeline running out of North Dakota’s Bakken shale basin, rejecting a bid by environmental groups to block the project. The Dakota Access Pipeline can
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