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DOE to Launch Responsible Carbon Management Initiative, Seeking Public Input
August 16, 2023
The U.S. Department of Energy’s Office of Fossil Energy and Carbon Management (FECM) announced in the Federal Register its intent to launch a “Responsible Carbon Management Initiative.” The initiative aims to encourage and recognize project developers and others in industry
Chesapeake Energy to Sell Its Remaining Eagle Ford Assets to SilverBow for $700 Million
August 15, 2023
Chesapeake Energy Corporation has executed an agreement to sell its remaining Eagle Ford assets to SilverBow Resources for $700 million, bringing the total proceeds from its Eagle Ford exit to more than $3.5 billion. “We are pleased to have successfully
Environmental Groups Mount Legal Challenge to Alaska Gasline Development’s Export Approval
August 15, 2023
Two environmental groups on last week asked a federal appeals court to overturn the Biden administration’s approval of exports from Alaska’s yet-unbuilt project that would ship natural gas from the North Slope. The Sierra Club and Center for Biological Diversity
Grid Operators Warn U.S. EPA Proposal Could Lead to Significant Power Shortages
August 15, 2023
Regional grid operators outlined a range of reliability and market concerns with the U.S. Environmental Protection Agency’s proposal to require new and existing fossil fuel-fired power plants to implement carbon capture or green hydrogen blending. The EPA’s proposal, unveiled in
Strike Energy to Acquire Talon Energy
August 14, 2023
Strike Energy Ltd. has entered into a binding scheme implementation deed with Talon Energy Ltd. to acquire all issued shares of Talon, according to an August 14 announcement by Strike. In addition, Talon will seek to demerge its Mongolian asset
Canada Signs Historic Deal with Inuvialuit, N.W.T., Yukon Governments Over Offshore Oil and Gas
August 14, 2023
A new deal has been signed — billed as the first of its kind in Canada — that’s meant to give Northerners more of a say in any offshore oil and gas development in the western Arctic. Dan Vandal, Canada’s
U.S. Drillers Cut Oil and Gas Rigs for Fifth Week in a Row
August 14, 2023
U.S. energy firms last week cut the number of oil and natural gas rigs operating for a fifth week in a row, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig
DOE Awards $1.2 Billion to Carbon Capture Projects in Louisiana and Texas
August 14, 2023
The Biden administration has awarded $1.2 billion to companies that plan to build facilities in Louisiana and Texas to remove existing carbon dioxide emissions from the atmosphere. The projects will use a technology called direct air capture (DAC), and they
BLM Seeks Public Comment for Oil and Gas Lease Sale in Nevada
August 11, 2023
The Bureau of Land Management Nevada State Office opened a 30-day public comment period to receive public input on five oil and gas parcels totaling 4,538 acres that may be included in an upcoming lease sale in Nevada. The comment
Cummins and Chevron Sign Hydrogen, Natural Gas, Lower Carbon Fuel Value Chains MOU
August 11, 2023
Cummins and Chevron U.S.A., a subsidiary of Chevron Corporation, have entered into a memorandum of understanding to leverage complementary positioning in hydrogen, natural gas, and other lower carbon fuel value chains. The MOU expands the two companies’ previous strategic collaboration
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