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OPEC Meets with U.S. Shale Executives as Oil Prices Skyrocket
March 8, 2022
Officials from the Organization of the Petroleum Exporting Countries (OPEC) met U.S. shale oil company executives on the sidelines of the CERAWeek conference in Houston on Monday as energy prices soared over supply concerns. It was at least the fourth
Whiting and Oasis to Combine in $6.0 Billion Merger
March 7, 2022
Whiting Petroleum and Oasis Petroleum have entered into an agreement to combine in a merger of equals transaction. The combined company will have a premier Williston Basin position with top tier assets across approximately 972K net acres, combined production of
Oil Price Soars on Talks about Russia Oil Ban, Iran Deal Delay
March 7, 2022
Oil prices spiked to their highest levels since 2008 on Monday amid market supply fears as the United States and European allies considered banning Russian oil imports and prospects for a swift return of Iranian crude to global markets receded.
Pressure Grows on Biden to Ban U.S. Imports of Russian Oil
March 4, 2022
A bipartisan group of U.S. senators introduced a bill on Thursday to ban U.S. imports of Russian oil, saying the shipments could be replaced by boosting output in North America and other places. The bill would have to pass the
Commentary: OPEC+ has an Ostrich Problem. It’s Ignoring Ukraine
March 4, 2022
The decision by OPEC+ to stick to its plans for only a small increase in crude oil output in April shows the producer group is increasingly disconnected from the new reality of the market following Russia’s invasion of Ukraine. The
EPIC Midstream Raises the Bar With Industry Leading ESG Standards for Long Haul Pipeline Monitoring
March 4, 2022
EPIC Midstream Holdings, through next-generation fiber optic technology, looks to lead the midstream industry in providing safe and reliable pipeline transfer for crude oil and natural gas liquids customers. The fiber optics, which were installed during original build, run the
OPAL Fuels Starts Commercial Operations at Noble Road RNG Facility, Ohio
March 4, 2022
OPAL Fuels has commenced commercial operation of a new facility to extract and capture waste methane from Rumpke Waste & Recycling’s Noble Road Landfill, transform it into RNG, and transport it through Chesapeake Utilities Corporation’s wholly owned subsidiary Aspire Energy
API Letter Calls on Biden Administration to Support American Energy Leadership
March 3, 2022
Ahead of today’s State of the Union Address, American Petroleum Institute (API) President and CEO Mike Sommers sent a letter to Department of Energy (DOE) Secretary Jennifer Granholm and other administration officials outlining steps key regulatory agencies should take to
IEA Member Countries to Make 60M Barrels of Oil Available Following Russia’s Invasion of Ukraine
March 3, 2022
The 31 member countries of the governing board of the International Energy Agency agreed to release 60 million barrels of oil from their emergency reserves to send a unified and strong message to global oil markets that there will be
Exxon Mobil to Build Major Hydrogen, Carbon Capture Plant Near Houston, Texas
March 3, 2022
Exxon Mobil Corp. plans to build a hydrogen production unit and associated carbon capture and storage infrastructure at its massive petrochemical complex in Baytown, the company announced March 1. One executive called it the first bold step toward realizing the
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