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Alaska Agency Approves $7.5 Million Loan for Hex to Acquire Furie
April 28, 2020
A bid to buy a struggling Alaska gas producer has received backing from a state agency that approved a $7.5 million loan for the purchase. The Alaska Industrial Development and Export Authority board of directors voted to approve the loan
Senators Urge Trump Administration to Make Loans Available for Energy Producers
April 28, 2020
Several U.S. Senators are calling on Trump administration officials to act swiftly to make loans available to domestic energy producers. “We face a real and present danger of seeing hundreds, if not thousands of oil producers shuttering, an event that
Alberta Unveils Plan for Paying Out $1 Billion in Oilfield Cleanup Grants
April 28, 2020
Oilfield services companies in Alberta will be able to apply through an online portal starting May 1 for $1 billion in grants under the oilfield rehabilitation program announced by the federal government last week. Premier Jason Kenney and Energy Minister
Trump Administration Developing Plan to Aid Oil Industry
April 27, 2020
A plan being weighed by Treasury Secretary Steven Mnuchin to steer financial aid to beleaguered oil drillers could set up a clash with Democrats who have warned against any bailout for the industry. Mnuchin said he is considering a lending
Nostra Terra Signs Farm-in Deal with Cypress for Pine Mills Acreage, Texas
April 27, 2020
UK-based Nostra Terra Oil and Gas has signed a farm-in deal with Cypress Mineral and Cypress Production (Cypress) pertaining to its 100 percent owned Pine Mills acreage in East Texas, US. As per the terms of the farm-in deal, Cypress
Third Train of Cameron LNG Project Enters Final Commissioning Stage, Louisiana
April 27, 2020
Sempra LNG said that the phase 1 of the Cameron LNG project in Louisiana has entered the final commissioning stage following the introduction of feed gas into the third liquefaction train. The phase 1 of the liquefaction-export project in Hackberry,
Texas Oil and Gas Association Head Says Demand Critical to Improving State’s Energy Sector
April 27, 2020
Without a thriving energy sector, the Texas economy cannot recover. How to get it back to normal is the subject of debate from Waskom to Austin and all points in between. No one can doubt the turmoil currently facing the
Alberta Launches $711 Million Project to Clean Up Abandoned Oil and Gas Wells, Canada
April 27, 2020
The Alberta government has announced a $711.9 million project for the cleaning up of abandoned oil and gas wells across the Canadian province. Dubbed as Site Rehabilitation Program, the project, which will begin from May 2020, will be funded mainly
MHPS to Change Its Name to Mitsubishi Power
April 24, 2020
Mitsubishi Hitachi Power Systems, Ltd. (MHPS), a part of Mitsubishi Heavy Industries (MHI) Group, today announced its new company name, Mitsubishi Power, and will also adopt a new corporate brand logo. Under its new name, Mitsubishi Power will work to
ExxonMobil Modifies Facilities to Produce Medical-Grade Sanitizer for COVID-19 Response
April 24, 2020
ExxonMobil has reconfigured manufacturing operations in Louisiana to produce medical-grade hand sanitizer for donation to COVID-19 response efforts in Louisiana, New Jersey, New Mexico, New York, Pennsylvania, and Texas. Initial production of 160,000 gallons of medical grade sanitizer – enough
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