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PCT, Nano Gas Technologies Unveil Patent-Pending Technology Set to Change the Oil and Gas Industry
November 19, 2021
PCT Ltd. and Nano Gas™ Technologies have launched a joint patent-pending technology that has been designed to provide an eco-friendly solution for the oil and gas industry. Testing has been ongoing for many months using PCT’s Catholyte with excellent results
Chevron, Exxon Among Top Spenders at Federal Auction of Oil Leases in the U.S. Gulf of Mexico
November 18, 2021
U.S. oil majors Exxon Mobil Corp and Chevron Corp were among the top buyers at a federal auction of oil leases in the U.S. Gulf of Mexico on Wednesday that generated more than $190 million - the highest since 2019.
U.S. Asks Japan, China, Others to Consider Tapping Oil Reserves
November 18, 2021
The Biden administration has asked some of the world’s largest oil consuming nations — including China, India and Japan — to consider releasing crude stockpiles in a coordinated effort to lower global energy prices, according to several people familiar with
IHS Markit: Banning Exports of US Crude Oil Would Likely Raise Gasoline Prices, Not Lower Them
November 18, 2021
Instituting a ban on U.S. crude exports has currently been put forward for consideration as a “tool” to alleviate rising U.S. gasoline prices — average price in October up 36 percent from a year ago. This is one of the
Utica Shale Still Putting a Lot of Gas Into Transmission Lines, Ohio
November 18, 2021
Horizontal drilling in the Utica Shale has been going on in Ohio for ten years. And despite some hiccups from COVID and up-and-down commodity prices, the 3500 operating wells are still producing incredible amounts of natural gas. For August, the
Northern Oil and Gas to Acquire Veritas’ Permian Basin Assets for $406.5 Million
November 17, 2021
Northern Oil and Gas has agreed to acquire substantially all of the non-operated Permian Basin assets owned by certain entities affiliated with Veritas Energy. Northern has entered into a definitive agreement to acquire non-operated oil and gas properties located in
EnCap Flatrock’s Ironwood and Nuevo Midstream Combine Eagle Ford Assets
November 17, 2021
Ironwood Midstream Energy Partners II has significantly expanded its crude oil midstream footprint in the Eagle Ford Shale as a result of an asset combination with Nuevo Midstream Dos. Ironwood II and Nuevo are both financially backed by EnCap Flatrock
Enbridge Line 5 Oil Pipeline Case with Michigan to Be Heard in Federal Court
November 17, 2021
A legal battle between Canadian company Enbridge and the state of Michigan over Enbridge’s Line 5 oil pipeline will be heard in U.S. federal court, a judge ruled on Tuesday, dismissing Michigan’s motion to have the case sent back to
ExxonMobil Launches Sale of Texas Shale Gas Properties
November 16, 2021
ExxonMobil on Monday launched a sale of its oil and gas properties in the first major U.S. shale field, a spokesperson confirmed, as part of a portfolio reshuffling to focus on more lucrative assets. The top U.S. oil producer set
Biden Moves to Ban Oil and Gas Development Outside Native American Park, New Mexico
November 16, 2021
U.S. President Joe Biden on Monday announced a step toward prohibiting oil and gas development outside the boundaries of the Chaco Culture National Historical Park as part of a Native American tribal summit he is hosting. Biden also signed what
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