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Pioneer CEO Scott Shefffield: Permian Will Continue, But at Slower Pace
April 30, 2020
In a career that has spanned more than 30 years, Scott Sheffield has ridden the oil and gas industry’s boom and bust cycles. At Parker & Parsley, he saw prices crash below $10 in 1986. And by 2011, at Pioneer
Energy Transfer Weighs Crude Oil Storage in Idle Pipelines
April 30, 2020
US midstream company Energy Transfer is weighing a plan to store crude in idle pipelines as shippers scramble to find available storage. The company is looking for ways to idle two pipelines in Texas by “moving product around” and use
Trump Criticizes Banks Withholding Funding for Certain Fossil Fuel Projects
April 30, 2020
President Trump on Friday expressed opposition to banks’ unwillingness to fund certain fossil fuel projects, after two major banks announced this week that they wouldn’t directly support oil and gas drilling in the Arctic. After Sen. Dan Sullivan (R-Alaska) accused
BP Revises Terms of Alaska Transaction with Hilcorp
April 30, 2020
BP and Hilcorp have revised their previously announced $5.6 billion transaction involving the sale of the former’s upstream and midstream business in the US state of Alaska to the latter. A revised agreement has been executed by the parties to
DOE Launches $28 Million to Develop Ultrahigh Temperature Materials for Gas Turbine Applications
April 29, 2020
The U.S. Department of Energy announced up to $28 million in funding for a new Advanced Research Projects Agency-Energy (ARPA-E) program, ULtrahigh Temperature Impervious Materials Advancing Turbine Efficiency (ULTIMATE). The ULTIMATE program will develop and demonstrate ultrahigh temperature materials that
Frost & Sullivan Examines Uptake of Drones in Power and Utilities Sector
April 29, 2020
An analysis by Frost & Sullivan, Drones in the Global Power and Utilities Industry, Forecast to 2030, reveals that the market for drones in the power and utilities industry will continue to expand at a compound annual growth rate of
Whiting Petroleum Enters Into Restructuring Support Agreement, Files Chapter 11 Reorganization Plan
April 29, 2020
Whiting Petroleum Corporation and certain subsidiaries have entered into a restructuring support agreement (RSA) with certain holders of its 1.25 percent convertible senior notes due 2020, 2021, 2023, and 2026. In addition, the company has filed a consensual chapter 11
Rehearing Request Filed Against FERC’s Approval of Jordan Cove LNG Project, Oregon
April 29, 2020
Various environmental groups, landowners, and native tribes in Oregon have filed for a rehearing request to the US Federal Energy Regulatory Commission (FERC) on its recent approval of the proposed Jordan Cove LNG Project and its associated pipeline in the
Trans Mountain and LNG Canada On Track Despite Pandemic
April 28, 2020
Energy projects like an LNG Canada export terminal and the Trans Mountain pipeline expansion may face short-term setbacks but the pandemic and oil price crash shouldn’t threaten their long-term viability, economists say. Andrew Leach, an energy economist at the University
BLM Approves Opening 171,000 Acres for Oil and Gas Drilling in Western Colorado
April 28, 2020
After about 10 years of collecting public comments and speaking with county and state leaders in Colorado, the Bureau of Land Management earlier this month released a final version of its management plan for land under the Uncompahgre Field Office.
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