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President Trump Hints at Bailout Deal U.S. Oil Producers
April 23, 2020
Donald Trump has hinted at a bailout deal for his country’s struggling oil and gas industry, a day after a key US crude benchmark plunged into negative price territory. In a tweet today (April 21), the US President said he
Air Products Acquires Five Operating Hydrogen Plants from PBF Energy for $530 Million
April 23, 2020
Air Products, a Pennsylvania-based industrial gases and chemicals producer, has completed the acquisition of five operating stream methane reformer (SMR) hydrogen production plants from PBF Energy for $530 million. The company has also started long-term supply of hydrogen from these
Kimbell Completes Mineral and Royalty Acquisition from Springbok for $123 Million
April 23, 2020
Kimbell Royalty Partners has completed the previously announced purchase of the mineral and royalty interests held by Dallas-based Springbok Energy Partners (SEP I) and Springbok Energy Partners II, (SEP II) for a purchase price of approximately $123.1 million. The acquisition
Cushing Storage Hub Constraints Key to Historic WTI Crude Oil Price Collapse
April 23, 2020
Storage constraints at the crucial Cushing storage facility in Oklahoma, US, were pivotal to the price crash of West Texas Intermediate (WTI) crude oil yesterday (April 20). Traders scrambled to offload contracts for the May delivery of WTI, faced with
Sen. Barrasso Calls for Waiving Renewable Volume Obligations for Refineries During COVID-19 Crisis
April 23, 2020
U.S. Sen. John Barrasso (R-WY) voiced his support for waiving Renewable Volume Obligations for refineries due to the severe economic hardship caused by the COVID-19 pandemic It comes after five state governors sent Environmental Protection Agency Administrator Andrew Wheeler a
Trump to Create Strategic Petroleum Reserve Historic Buying Opportunity
April 22, 2020
With oil prices sitting deep in the red for the first time in history, shocking even the most seasoned energy veterans, President Trump plans to turn the financial bloodletting into an opportunity for the United States. “Based on the record
Jordan Cove LNG Developers Seek Several Fixes to FERC Authorizations, Oregon
April 22, 2020
Developers of the Jordan Cove LNG project are objecting to parts of the federal order approving the LNG export terminal in Coos Country, Oregon, and the related 229-mile Pacific Connector pipeline, including one requirement that could affect the timing of
Clean Energy Launches Online Tool to Calculate Costs of Switching from Diesel to Natural Gas Vehicle
April 22, 2020
Clean Energy Fuels has launched an online Cost Calculator that makes it quick and easy to estimate the cost of transitioning an individual vehicle or entire fleet from diesel fuel to natural gas, including the estimated carbon emissions reduction. “There’s
Trans Mountain Pipeline Work Proceeds With COVID-19 Restrictions
April 21, 2020
With half of the 50-km Edmonton-area portion of the Trans Mountain pipeline twinning completed, work is continuing to add 14 storage tanks to its Burnaby terminal and expand the Westridge marine terminal for export of Alberta oil sands crude. Worksite
Canada’s Trudeau Give $2 Billion in Aid to Oil and Gas Sector
April 21, 2020
Canada’s largest oil and gas lobby group says the federal government should consider suspending dozens of environmental regulations, laws and policies due to the economic and public health crisis triggered by the COVID-19 pandemic. The Canadian Association of Petroleum Producers
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