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FERC Approves Construction Restart of Mountain Valley Pipeline
October 15, 2020
The US Federal Energy Regulatory Commission (FERC) has given Mountain Valley Pipeline LLC permission to resume construction on parts of its $5.4-$5.7 billion pipeline from West Virginia to Virginia. Mountain Valley is one of several US oil and gas pipelines
Canada’s Trans Mountain Pipeline Secures Reroute Agreement With BC Tribal Leaders
October 15, 2020
A seven-year dispute has ended in an agreement by Trans Mountain Pipeline to reroute its expansion project by building a bypass around a native rights sore spot in southern British Columbia (BC). The deal, filed late Friday with the Canada
Petroleum Marketers Assoc. of America Changes Name to Energy Marketers of America
October 15, 2020
The Petroleum Marketers Association of America (PMAA) has declared a “new era” for is members and the fuels industry and has renamed itself the Energy Marketers of America (EMA). The name change reflects the industry’s growing portfolio of liquid fuels
Energy Solutions’ Natural Gas-fired Power Plant Project Tabled for Now, W.Va.
October 15, 2020
A company that received state approval for a loan guarantee for West Virginia’s first natural gas-fired power plant said it has stopped the project for now. Energy Solutions Consortium of Buffalo, New York, announced in a news release Friday that
Delfin Midstream Completes FEED for Newbuild FLNG Vessel for Louisiana Project
October 15, 2020
Delfin Midstream has announced the completion of front-end engineering design (FEED) for the newbuild floating liquefied natural gas (FLNG) vessel with 3.5Mtpa capacity for the Louisiana LNG project. The FEED was completed by Delfin in cooperation with Samsung Heavy Industries
Chevron Completes Acquisition of Noble Energy
October 14, 2020
Chevron’s acquisition of Noble Energy has been completed following approval by Noble Energy shareholders. “We are pleased to welcome Noble Energy’s employees and shareholders to Chevron. Noble’s high-quality assets complement Chevron’s advantaged upstream portfolio, and the combination is expected to
OPEC Cuts 2021 Oil Demand Forecast as Virus Cases Rise
October 14, 2020
World oil demand will rebound more slowly in 2021 than previously thought as coronavirus cases rise, OPEC said on Tuesday, adding to headwinds faced by the group and its allies in balancing the market. Demand will rise by 6.54 million
Glenfarne’s Magnolia LNG Receives FERC Permit Extension, Lousiana
October 14, 2020
Glenfarne Group recently acquired Magnolia LNG export terminal development project located in Lake Charles, Louisiana. The company has received a five-year permit extension from the Federal Energy Regulatory Commission (FERC). Magnolia LNG will begin operations of the terminal by April
Hi-Crush Successfully Completes Restructuring, Emerges from Chapter 11 Bankruptcy
October 14, 2020
Hi-Crush Inc. has successfully completed its financial restructuring and emerged from Chapter 11 bankruptcy, having satisfied all of the conditions to the effectiveness of its plan of reorganization. Through its financial restructuring, Hi-Crush has eliminated approximately $450 million of debt
Sandvik to Divest Its Exploration Business to Drillman
October 14, 2020
Sandvik has signed an agreement to divest its exploration business to Drillman, a subsidiary of the M Group of companies, which is 100 percent owned and operated in Australia. Drillman provides equipment and technical support to the geotechnical, mineral exploration,
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