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Chaparral Energy Files for Chapter 11 Bankruptcy
August 17, 2020
Oklahoma shale driller Chaparral Energy Inc filed for Chapter 11 bankruptcy protection on Sunday, the latest U.S. energy sector casualty in recent months as COVID-19 crushes oil demand. The company’s assets and liabilities were in the range of $500 million
Weatherford and INT Expand Collaboration to Create 2D, 3D Real-Time Well Visualization
August 17, 2020
Weatherford International has strengthened collaboration with upstream data visualization provider INT to provide next-level, real-time well visualization in both 2D and 3D. Weatherford will embed INT’s IVAAP framework into the Weatherford Centro™ digital well delivery software, advancing its data visualization
Phillips 66 to Transform San Francisco Refinery into World’s Largest Renewable Fuels Plant
August 17, 2020
Phillips 66 said it plans to reconfigure its San Francisco Refinery in Rodeo, California, to produce renewable fuels. The plant would no longer produce fuels from crude oil, but instead would make fuels from used cooking oil, fats, greases, and
Energy Secretary Brouillette: Oil and Gas Industry Can Be Vehicle for Economic Recovery
August 14, 2020
The U.S. oil and gas industry, which leads the world in production, is a vehicle for recovery from the pandemic-driven economic downturn, Energy Secretary Dan Brouillette said Wednesday in a virtual, round table discussion with Colorado policy and business leaders.
Empire Petroleum Enters Joint Development Agreement with Petroleum Independent & Exploration
August 14, 2020
Empire Petroleum Corporation has completed an equity transaction and a field level debt issuance, fully funding a substantial workover/recompletion program at its recently-acquired properties in East Texas, specifically, the Fort Trinidad Field in Houston and Madison Counties. As a result
Independent Producers Ponder Effects of a Biden Administration
August 14, 2020
Independent oil and gas producers did not have the best relationship with the Obama administration, but most industry executives seem uncertain about what effect a victory for former Vice President Joe Biden in the 2020 election would have for their
Canadian Natural Resources to Acquire Painted Pony Energy for $461 Million
August 13, 2020
Canadian oil and gas company Canadian Natural Resources has agreed to acquire Painted Pony Energy, a natural gas producer, for $461 million. The transaction amount includes assumption Painted Pony’s total debt of approximately $350 million. Painted Pony is mainly focused
Cameron LNG Export Facility Achieves Full Commercial Operations, Louisiana
August 13, 2020
Sempra LNG and its partners have achieved full commercial operations at the $10 billion Cameron LNG export facility in Hackberry, Louisiana, US. This was after starting commercial operations of the third liquefaction train, which was commissioned in May 2020. Sempra
Kinder Morgan Gets Green Light to Commission Train 10 at Elba LNG Export Plant, Georgia
August 13, 2020
Kinder Morgan has secured approval from the US Federal Energy Regulatory Commission (FERC) to commission the 10th liquefaction train at its $2 billion Elba Island LNG export plant in Georgia. Also known as the Elba liquefaction project, the Elba LNG
MVP Denied Water Quality Certification for Its Southgate Project, North Carolina
August 13, 2020
Mountain Valley Pipeline (MVP) has been denied water quality certification from the North Carolina (NC) Department of Environmental Quality (DEQ) for its $468 million MVP Southgate project. DEQ said that its Division of Water Resources has turned down the company’s
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