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FORGE Hydrocarbons Secures Investment to Build $30 Million Biofuel Production Plant, Ontario
March 11, 2020
FORGE Hydrocarbons, a Canadian biofuel start-up, has received an equity investment from Shell Ventures and a follow-on contribution from Valent Low-Carbon Technologies, which will help build a first-of-its-kind CAD$30 million commercial-scale, biofuel production plant in Sombra, Ontario. The capacity of
Oxea Joins Eight Other Companies to Create New, Integrated Energy Company OQ
March 11, 2020
The chemical company Oxea, part of the Oman Oil Company & Orpic Group, joins eight other companies in a process to create a new, integrated energy company OQ. OQ aims to become a global leading energy company, capturing and capitalizing
Trafigura Forms JV with Phillips 66 for Deepwater Texas Oil Port
March 10, 2020
Global commodities trader Trafigura said on Friday it had formed a joint venture with U.S. refiner Phillips 66 to build a major deepwater port in Texas capable of handling supertankers, ditching its own competing project. The Bluewater Texas Terminal, to
API Issues New Pipeline Standards to Enhance Safety During Pipeline Construction
March 10, 2020
The American Petroleum Institute (API) today issued a new standard for pipeline inspectors to enhance safety and sustainability during pipeline construction. “The new inspection standard demonstrates the industry’s commitment to building energy infrastructure that is safe and environmentally protective,” Global
ConocoPhillips Sells Oil Leases in DJ Basin and Permian Basin
March 10, 2020
American multinational energy company ConocoPhillips has completed the sale of two oil assets in the Permian Basin and the southern Denver-Julesburg (DJ) Basin. ConocoPhillips did not disclose the names of the buyers or the value of the deals. The company
U.S. Crude Oil Production Hits Record Levels in 2019
March 10, 2020
U.S. crude oil production was 11 percent higher in 2019 than the previous year, according to the U.S. Energy Information Administration. Production reached a record 12.23 million barrels per day (b/d) last year, 1.24 million b/d more than 2018 levels.
Shell to Sell Mobile Refinery in Alabama and Puget Sound Refinery in Washington
March 10, 2020
Equilon Enterprises, doing business as Shell Oil Products US (Shell), a subsidiary of Royal Dutch Shell, is seeking buyers to sell two of its refineries in the US. The refineries are Mobile located in Alabama, and Puget Sound near Anacortes,
Energy Storage Association Applauds Introduction of American Energy Innovation Act
March 10, 2020
The Energy Storage Association (ESA) is applauding Senate consideration of the American Energy Innovation Act (AEIA), which aims to increase the use of renewable energy and energy storage through investments and modernization of domestic energy laws. In a statement published
Canada’s Apex Court Clears Hurdle for Trans Mountain Expansion Project
March 9, 2020
The Trans Mountain Expansion Project has cleared a major legal hurdle with the Supreme Court of Canada upholding an earlier decision made in its favor by the Federal Court of Appeal. The Canadian apex court declined to hear the various
NEP Midstream Acquires Permian Basin Mineral and Royalty Interests in Reagan County, Texas
March 9, 2020
NEP Midstream and Royalties has acquired various Mineral and Royalty Interests in Reagan County, Texas with an effective date of December 01, 2019 The purchase covers approx. 175 acres and includes 21 wells with 14 additional wells to be brought
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