Oil, Gas and Shale
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88 Energy Signs Rig Contract for Project Peregrine in Alaska

December 9, 2020

88 Energy, an Australia-based oil and gas company, has executed a rig contract with All American Oilfield for its Peregrine Project in the NPR-A region of the North Slope of Alaska. The contracted rig will be used to drill the

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Federal Court Rejects Approval for Hilcorp’s Liberty Project in the Beaufort Sea, Alaska

December 9, 2020

A federal appeals court has overturned approval for Hilcorp’s Liberty Project, an offshore drilling prospect located east of Deadhorse, in the Beaufort Sea. Liberty Project received key approval from the federal government in Oct. 2018 to become the first oil

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Bipartisan ACCESS 45Q Bill Enhances 45Q Tax Credit for Carbon Capture Utilization and Storage

December 9, 2020

U.S. Representatives Marc Veasey (TX-33) and David B. McKinley, P.E., (W.Va.-1) introduced the Accelerating Carbon Capture and Extending Secure Storage through 45Q (ACCESS 45Q) Act. This bipartisan legislation extends the date for projects to begin construction to claim the 45Q

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U.S. LNG Activity Hits Fresh High Record

December 9, 2020

U.S. LNG feedgas deliveries hit a new record of almost 11.5 Bcf/d as Asian import prices continued to show strength heading into the peak winter demand period, S&P Global Platts Analytics data showed. Cheniere Energy’s Sabine Pass terminal was operating

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Wyoming Gov. Mark Gordon Completes Review of Giant Oil and Gas Project in Converse County

December 8, 2020

Gov. Mark Gordon has completed his review of a major oil and gas project proposed for Converse County, with public officials expecting to receive final federal approval by the end of year. If federal regulators give the project a green

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Max Midstream to Develop New U.S. Crude Export Hub Following Acquisition from Oaktree

December 8, 2020

Max Midstream unveiled plans on Sept. 23 to develop a new export hub for U.S. crude oil on the Texas Gulf Coast following the acquisition of the Seahawk Pipeline and Terminal from Oaktree Capital Management LP. The revitalized terminal located

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BLM Sets Oil and Gas Lease Sales for December 8 in Nevada and California

December 8, 2020

The Bureau of Land Management plans to offer 20 parcels for oil and natural gas lease in Nevada and seven parcels for lease in California in December. Nevada The parcels total 24,940 acres and are all in Nye County, Nevada.

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Pa. DEP Advancing New Rules for Conventional Oil Wells After Wolf Vetoes Senate Bill 790

December 8, 2020

The Pennsylvania Department of Environmental Protection is pushing ahead to strengthen regulations specific to the state’s conventional oil and gas industry. But first it is trying to win back the industry’s confidence. Proposed updates to the rules have stagnated for

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Superior Energy Advances Comprehensive Restructuring Plan

December 8, 2020

Superior Energy Services has advanced its financial restructuring by commencing voluntary cases under chapter 11 of the U.S. Bankruptcy Code before the U.S. Bankruptcy Court for the Southern District of Texas to implement a proposed pre-packaged plan of reorganization. Superior

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Government of Newfoundland and Labrador Establish New Offshore Exploration Initiative

December 8, 2020

The Government of Newfoundland and Labrador announced the establishment of a new offshore exploration initiative to provide companies with the incentive to drill more wells in the best prospects. This is a policy measure that will allow all future bid

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