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President Biden Moves Swiftly to Dismantle Trump’s Oil Legacy
January 22, 2021
President Joe Biden wasted little time in moving to undo some of his predecessor’s signature actions – most notably for the oil industry a block on development of the Keystone XL pipeline and a ban on further lease sales in
FERC Upholds Oregon’s Denial of Key Permit to Jordan Cove LNG Project
January 22, 2021
Pembina Pipeline’s proposed $10 billion Jordan Cove LNG Project and its associated pipeline in Oregon have hit a fresh regulatory snag after the U.S. Federal Energy Regulatory Commission (FERC) upheld the state’s denial to a key permit. In May 2019,
Chart Industries to Acquire Sustainable Energy Solutions, Inc. for $20 Million
January 21, 2021
Chart Industries, Inc. signed an exclusive letter of intent to acquire Sustainable Energy Solutions, Inc. (SES), subject to execution of definitive transaction documentation, for $20 million in cash and an associated earn-out. The deal is expected to close in the
MD America Energy Completes Financial Restructuring, Successfully Emerges from Chapter 11
January 21, 2021
MD America Energy and its subsidiaries have emerged from voluntary Chapter 11 protection, successfully completing its financial restructuring process. The company’s plan of reorganization was confirmed without reservation by the United States Bankruptcy Court for the Southern District of Texas
Fluor Launches New Business Segments, to Divest Its Maintenance Services Business
January 21, 2021
Fluor Corporation has released an updated organizational and reporting structure that better aligns its business with identified growth markets and company strategy. Beginning in the first quarter of 2021, Fluor will conduct its operations in three business segments: Energy Solutions,
Datagration™ Acquires Mosaic Petroleum Analytics to Expand the PetroVisor™ Platform
January 20, 2021
Datagration™ has acquired Mosaic Petroleum Analytics, a data analytics, reservoir simulation, and economics platform designed to optimize unconventional reservoirs. The acquisition is the latest in a period of growth for Datagration™ to expand the capabilities of its PetroVisor™ platform. The
ConocoPhillips Completes Acquisition of Concho Resources
January 20, 2021
ConocoPhillips has completed its acquisition of Concho Resources following approval by shareholders of both companies. “We appreciate the strong support for this transaction from the shareholders of both companies, which we view as further affirmation of the significant benefits it
Fossil Fuel Production Expected to Increase through 2022 But Remain Below 2019 Peak
January 19, 2021
In 2020, fossil fuel production in the United States declined by an estimated 6 percent from the 2019 record high of 81.3 quadrillion British thermal units (Btu). Based on forecasts in the U.S. Energy Information Administration’s (EIA) January 2021 Short-Term
DOE Releases Report on Economic and National Security Impacts of Hydraulic Fracturing Ban
January 19, 2021
The U.S. Department of Energy’s (DOE) Office of Fossil Energy delivered a new report to the President on negative impacts of the ill-conceived hydraulic fracturing ban some have proposed. Economic and National Security Impacts Under a Hydraulic Fracturing Ban explains
Hilcorp Completes Multibillion-dollar BP Alaska Acquisition
January 19, 2021
Privately held Hilcorp Energy Co. said on Dec. 18 its unit completed a $5.6 billion acquisition of BP’s business in Alaska, taking over the region the British oil major had operated in for 60 years. Hilcorp’s Harvest Alaska, a midstream
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