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Chesapeake Energy to Emerge from Bankruptcy Court as a $5.13 Billion Enterprise
January 14, 2021
U.S. oil and gas producer Chesapeake Energy’s Chapter 11 bankruptcy plan was approved by a U.S. judge on Wednesday, giving lenders control of the firm and ending a contentious trial. Chesapeake will emerge from bankruptcy with about $3 billion in
New Fortress Energy to Acquire Hygo Energy Transition and Golar LNG Partners for $5 Billion
January 14, 2021
New Fortress Energy (NFE) has entered into definitive agreements to acquire Hygo Energy Transition, a 50-50 joint venture between Golar LNG Limited and Stonepeak Infrastructure Fund II Cayman (G) Ltd. “With a strong presence in Brazil and a world-class LNG
88 Energy to Acquire Umiat Oil Field, Alaska
January 13, 2021
Australia-based oil and gas company 88 Energy, through its fully-owned subsidiary Emerald House, has agreed to acquire the Umiat oil field located in North Slope Borough, Alaska, from Malamute Energy and Renaissance Umiat. As per the acquisition terms, the consideration
DOE Consolidates Short-Term, Long-Term LNG Export Permits
January 13, 2021
The United States Department of Energy has issued a policy removing the requirement for separate short-term LNG export authorization. Under the previous policy, long-term LNG export permit holders were required to file a separate application for short-term exports. By consolidating
West Virginia Energy Industry Groups Forming Legislative Agendas
January 13, 2021
Representatives of West Virginia’s energy industry groups have less than a month to prepare for the 2021 session of the state Legislature. Lobbyists from the West Virginia Coal Association and the Gas and Oil Association of West Virginia will be
Pennsylvania Governor Wolf Vetoes Conventional Oil, Natural Gas Legislation
January 13, 2021
Gov. Tom Wolf recently vetoed bipartisan legislation that was designed to help strengthen the future of Pennsylvania’s 160-year-old conventional oil and natural gas industry as well as its workforce. Senate Bill 790 would have enacted the Conventional Oil and Gas
DOE Issues Policy Statement Streamlining Short-Term LNG Export Authorizations
January 12, 2021
The U.S. Department of Energy (DOE) issued a policy statement that removes the requirement for long-term LNG export authorization holders to seek separate short-term authorizations to export the same volumes approved for long-term exports. By consolidating this authority in a
U.S. Well Services and Range Resources Finalize Extension of Electric Hydraulic Fracturing Services
January 12, 2021
U.S. Well Services has finalized an extension of its contract to provide electric hydraulic fracturing services for Range Resources Corp. in the Appalachian Basin. “We are excited to continue working for Range with our revolutionary Clean Fleet® electric hydraulic fracturing
TC Energy Launches Binding Open Season for the Keystone Pipeline System
January 11, 2021
TC Energy Corporation launched an open season to solicit binding commitments for crude oil transportation services on the Keystone Pipeline System from Hardisty, Alberta to Patoka, Illinois. Up to 80,000 barrels per day of capacity is being offered subject to
Noble Midstream Partners Adds Chevron Dedication in DJ Basin
January 11, 2021
Noble Midstream Partners said the partnership has entered into an agreement with a Chevron Corporation subsidiary to provide oil transmission services from the Wells Ranch development area to Platteville, Colorado, for long-haul transportation out of the DJ Basin. With this
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