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Whistler Pipeline Secures $345 Million with Operational Target Date of 2021
July 6, 2020
A New York-based credit fund made its first investment in a natural gas pipeline that would transport gas about 450 miles from the Permian Basin to the Gulf Coast to the markets of southern Texas and exportation in the Gulf
Michigan Judge Allows Enbridge to Partially Reopen Line 5 Pipeline
July 6, 2020
A Michigan judge Wednesday allowed Enbridge to resume pumping oil through a Midwestern pipeline, nearly a week after shutting it down because of damage to a structure that anchors a section of the line running through a Great Lakes channel.
Sanchez Energy Exits Bankruptcy with New Name and Leaders
July 6, 2020
Houston-based Sanchez Energy Corp. has emerged from Chapter 11 bankruptcy protection with a new name: Mesquite Energy Inc. The company’s financial restructuring eliminated substantially all of its approximately $2.3 billion in debt, according to a June 30 press release. Sanchez
Alaska’s State Agencies Approve Transfer of BP’s Upstream Assets to Hilcorp
July 6, 2020
The commissioners of Alaska’s Department of Natural Resources (DNR) and Department of Environmental Conservation (DEC) have approved the transfer of BP’s oil and gas leases to Hilcorp Energy Company as part of the $5.6 billion sale the two companies announced
Topaz Energy Acquires Stake in Advantage Oil & Gas’ Glacier Gas Plant for $74 Million
July 6, 2020
Topaz Energy, a private royalty and infrastructure company, has completed acquisition of 12.5 percent stake in Glacier gas plant from Advantage Oil & Gas for cash consideration of $73.7 million. The transaction follows signing of a definitive agreement by Advantage
Embrace the Fourth of July Celebration
July 3, 2020
The meaning of the Fourth of July holds a special place in our hearts this year as we grapple with our freedoms. Freedoms we took for granted have been stripped from our daily lives. As we celebrate the Declaration of
PG&E Emerges from Chapter 11
July 2, 2020
PG&E Corporation and Pacific Gas and Electric Company has emerged from Chapter 11, successfully completing its restructuring process and implementing PG&E’s Plan of Reorganization that was confirmed by the United States Bankruptcy Court on June 20, 2020. “Today’s announcement is
MOGAS Industries Acquires Watson Valve Assets
July 2, 2020
MOGAS Industries recently completed the acquisition of assets of Watson Valve, a Houston-based turn-key manufacturer of severe service valves, to include repairs and coating services. Watson has a global install base of over 3,400 valves, primarily in the mining industry,
ExxonMobil Renews Collaboration with Princeton Energy Center to Advance Low-Emission Research
July 2, 2020
ExxonMobil and Princeton University’s Andlinger Center for Energy and the Environment have renewed their collaboration to research lower-emission technologies and energy solutions. The new, five-year agreement builds on ExxonMobil’s participation in Princeton’s E-filliates Partnership, which began in 2015. E-filliates is
Minnesota Denies Petition to Stop Enbridge’s Line 3 Replacement Project
July 1, 2020
The Minnesota Public Utilities Commission (MPUC) voted to deny petitions for reconsideration filed on May 21, 2020 in the Line 3 Replacement Project (L3RP) environmental impact statement (EIS), certificate of need (CN) and route permit (RP) dockets. “The MPUC’s decision
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