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EIA Productivity Report Outlines Domestic Oil and Gas Production Activity
October 26, 2022
The U.S. Energy Information Administration (EIA) released its drilling productivity report. It indicates that November should break domestic oil and gas production records. With the current state of global affairs and energy concerns, coupled with OPEC’s recent announcement of cutting
Gulf Coast Midstream Launches Open Season for Natgas Storage Services
October 25, 2022
Houston-based Gulf Coast Midstream Partners (GCMP) has launched an open season for firm gas storage services at its Freeport Energy Storage & Sequestration Hub (FRESSH) under development near Freeport, Texas. The open season will commence November 3, 2022 and end
Schlumberger Rebrands to Become SLB
October 25, 2022
Schlumberger released its new name — SLB — underscoring the company’s vision for a decarbonized energy future and affirming its transformation from the world’s largest oilfield services company to a global technology company focused on driving energy innovation for a
Freeport LNG Plant to Require Full U.S. Approval Before Partial Restart
October 25, 2022
The second-largest U.S. liquefied natural gas export plant, idled for five months by a fire, must receive full approvals before a planned November restart can begin, regulator Pipeline Hazardous Materials and Safety Administration (PHMSA) said on Wednesday. Full approval adds
BOEM Announces Next Steps for Offshore Oil and Gas Lease Sales
October 21, 2022
The Bureau of Ocean Energy Management (BOEM) announced next steps for oil and gas leasing on the Outer Continental Shelf (OCS) to comply with provisions in the Inflation Reduction Act of 2022. These steps include a proposed sale for the
ExxonMobil to Sell Its Montana Refinery and Midstream Assets to Par Pacific to $310 Million
October 21, 2022
ExxonMobil and its affiliates have reached an agreement with Par Pacific Holdings for the sale of the Billings refinery and select midstream assets in Montana and Washington. The sale includes refinery, associated pipelines, and product terminals, along with Exxon- and
DOE to Release 15 Million Barrels of Crude Oil from the Strategic Petroleum Reserve
October 20, 2022
The U.S. Department of Energy’s (DOE) Office of Petroleum Reserves announced that a notice of sale of up to 15 million barrels of crude oil to be delivered from the Strategic Petroleum Reserve (SPR) in December 2022 will go live
Chevron Forms Partnership to Pursue Hydrogen, Ammonia Project Along U.S. Gulf Coast
October 20, 2022
Air Liquide, Chevron Corporation, LyondellBasell, and Uniper SE will collaborate on a joint study that will evaluate and potentially advance the development of a hydrogen and ammonia production facility along the U.S. Gulf Coast. The facility could support industrial decarbonization
Riverbend Energy Group Sells Nonoperated Assets for $1.8 Billion
October 19, 2022
Riverbend Energy Group said it had agreed to sell nonoperated assets in multiple shale plays including the Bakken and Haynesville for total consideration of $1.8 billion. Riverbend, based in Houston, said the deal would include affiliates Riverbend Oil & Gas
Precision Drilling Acquires High Arctic’s Well Servicing and Rentals Divisions for $38.2 Million
October 19, 2022
Precision Drilling Corporation has entered into an asset purchase agreement to acquire the well servicing business and associated rentals assets of High Arctic Energy Services Inc. for an aggregate purchase price of $38.2 million, payable in cash. “This acquisition significantly
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