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Carbon TerraVault Enters Into Two CO2 Management Agreements, Submits Class VI Permit to EPA
May 10, 2023
California Resources’ subsidiary Carbon TerraVault (CTV) has entered into a storage-only carbon dioxide management agreement (CDMA) with Yosemite Clean Energy, and a second storage-only CDMA with InEnTec Inc. “2023 began on a good note for Carbon TerraVault as we continued
Liberty Launches Liberty Power Innovations, Fuel and Power Solutions for Remote Applications
May 9, 2023
Liberty has launched Liberty Power Innovations (LPI), an integrated alternative fuel and power solutions provider for remote applications. LPI’s initial focus is on compressed natural gas (CNG) supply, field gas processing and treating, and well site fueling and logistics. The
Senator Joe Manchin Moves Ball Forward on Permitting Reform
May 9, 2023
U.S. Senator Joe Manchin (D-WV), Chairman of the Senate Energy and Natural Resources Committee, introduced the Building American Energy Security Act of 2023. The text of the National Defense Authorization Act (NDAA) amendment that was supported by 47 Senators (40
HF Sinclair Submits Non-binding Proposal to Acquire Holly Energy
May 9, 2023
HF Sinclair Corporation has submitted a non-binding proposal to acquire all of the outstanding common units of Holly Energy Partners (HEP) not beneficially owned by HF Sinclair or its affiliates in exchange for common stock, par value $0.01 per share,
U.S. Crude Oil Production Approaches Pre-pandemic Levels
May 9, 2023
For the first two months of 2023, production of crude oil in the U.S. neared pre-COVID levels, according to the U.S. Energy Information Administration. The production of crude oil in the U.S. in January and February was the most since
Senate Votes to Reject Biden Administration’s Suspension of Tariffs on Chinese Solar Panel Products
May 9, 2023
The U.S. Senate voted 56-41 on Wednesday to overturn the Biden administration’s suspension of tariffs on Chinese solar product parts that go through other countries, with nine Democrats including Ohio’s Sherrod Brown joining with Republicans to pass the measure. “This
U.S. Weekly Oil & Gas Rig Count Falls By the Most Since February
May 8, 2023
U.S. energy firms cut the most oil and natural gas rigs in a week since February, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future
Enbridge Reaches Incentive Toll Agreement on Its Mainline Liquids System
May 8, 2023
Enbridge has reached an agreement in principle on a negotiated settlement with shippers for incentive tolls on its Mainline liquids system, which moves more than 3 million barrels a day of crude oil and liquids from Western Canada to demand
Senators Barrasso, Capito Unveil Comprehensive Permitting, Environmental Review Reform Legislation
May 8, 2023
U.S. Senators John Barrasso (R-WY), Ranking Member of the Senate Energy and Natural Resources (ENR) Committee and Shelley Moore Capito, Ranking Member of the Environment and Public Works (EPW) Committee, introduced two pieces of legislation to substantively reform the nation’s
Harvest Midstream to Acquire Paradigm Midstream from Ares Management
May 5, 2023
Harvest Midstream has signed a purchase and sale agreement with Ares Management funds to acquire Paradigm Midstream. “The Paradigm systems are a perfect fit for Harvest’s expanding network of first-class midstream assets,” said Harvest CEO Jason Rebrook. “Not only does
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