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Texas Oil & Gas Association: New EPA Rules on Methane Emissions Key for Economic Recovery
August 26, 2020
Newly released U.S. Environmental Protection (EPA) rollbacks on methane emissions are designed to ease regulations for energy producers by eliminating duplicative requirements and restructuring others. The new rules were announced this month in response to President Donald Trump’s executive order
Oil Prices Rise on U.S. Output Cuts, China Trade Deal Hopes
August 26, 2020
Brent crude oil futures added 12 cents, or 0.3 percent, to $45.98 a barrel. Both benchmarks settled at a five-month high on Tuesday. Brent crude oil prices rose on Wednesday, lifted by U.S. producers shutting most of their offshore output
Joe Biden’s Energy Plan Will Destroy Pennsylvania’s Economy
August 26, 2020
President Trump unleashed an American energy revolution. During a speech at the Double Eagle Energy oil rig in Texas July 29, Trump detailed the historic accomplishments of his administration on restoring American energy dominance. “For the first time in nearly
U.S. Drillers Add Rigs for First Time Since March in Strong Recovery
August 26, 2020
The U.S. oil and natural rig count increased this week for the first time since March, with energy firms adding the most oil rigs in seven months, as shale producers start drilling again now that crude prices have recovered from
Occidental Subsidiary Oxy Low Carbon Ventures Forms New Company to Pull Carbon Dioxide from Air
August 26, 2020
Oxy Low Carbon Ventures, a subsidiary of Occidental, and Rusheen Capital Management, have formed a development company, 1PointFive, to finance and deploy Carbon Engineering’s large-scale direct air capture (DAC) technology. 1PointFive and Carbon Engineering have signed a licensing agreement enabling
Alaska Gasline Development Secures Final Approval for DOE for Exports
August 25, 2020
Alaska Gasline Development Corporation’s (AGDC) $38.7 billion Alaska LNG Pipeline Project has secured final authorization for gas exports. The approval from the US Department of Energy (DOE) allows the project to export LNG to all countries, including those without US
ConocoPhillips Acquires Kelt Exploration’s Montney Acreage for $390 Million
August 25, 2020
ConocoPhillips, an exploration and production company, has completed the acquisition of the Montney acreage from a Canadian oil and gas company, Kelt Exploration for about $390 million. The transaction follows an agreement signed by the company to acquire the liquids-rich
Columbia Gulf Asks FERC to Sign Off on Louisiana XPress Project to Avoid Delay
August 25, 2020
Columbia Gulf Transmission is urging the US Federal Energy Regulatory Commission to act quickly on its certificate authorization for the 493 MMcf/d Louisiana XPress Project, warning it is critical to begin construction in September to avoid the rainy season and
OPEC and Allies Urge Members to Comply with Agreed Cuts in Oil Production
August 25, 2020
The Organization of the Petroleum Exporting Countries (Opec) and its allies, collectively called OPEC+, urged oil-producing countries that are drawing above output targets to reduce more volumes in August-September due to concerns of slow oil demand recovery. The association also
Cost of Shale Gas Drilling Permits in Pennsylvania Jumps 150%
August 25, 2020
Pennsylvania more than doubled as of August 1 the fee for all unconventional well permit applications, while shale companies call on state officials to find other mechanisms to fund the oil and gas program of the Pennsylvania Department of Environmental
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