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U.S. Oil Majors Reveal Damage of Market Collapse in Second-quarter Results
August 3, 2020
US oil majors have revealed the stunning cost of this year’s oil market collapse, with Chevron, ExxonMobil and ConocoPhillips posting billions of dollars in losses in the second quarter of 2020, driven by low commodity prices and impairment charges. Chevron
Department of Energy Extends LNG Export Permit Terms to 2050
July 31, 2020
The US Department of Energy (DOE) has issued a new policy that authorizes the US liquefied natural gas (LNG) export term to non-free trade agreement (non-FTA) countries until 2050. The new policy is a change from the current policy that
Interior Calls for Revision of Federal Land Oil and Gas Rules
July 31, 2020
In support of President Donald J. Trump’s America-First Energy Strategy, the Bureau of Land Management (BLM) today announced proposed revisions to three key regulations governing oversight of oil and gas production and reporting. The proposed regulations are designed to reduce
Tokyo Gas to Acquire Additional Oil and Gas Assets in Louisiana
July 31, 2020
Japan-based natural gas provider Tokyo Gas has plans to acquire additional oil and gas assets in Louisiana through Castleton Resources. Tokyo Gas America will acquire the assets through its ownership stake in Castleton Resources. With an additional equity capital from
Wyoming Lawmakers Advance Bill Extending Tax Relief to Oil and Gas Operators
July 31, 2020
Wyoming lawmakers once again deliberated introducing more tax relief for oil and gas operators on Tuesday, with the aim of spurring additional mineral production and capital investment in the state as it struggles to recover from the economic collapse in
Aker Solutions Secures Brownfield Services Contract for Hebron Platform, Canada
July 31, 2020
Aker Solutions has secured a five-year contract extension from ExxonMobil Canada Properties for the provision of engineering, procurement and construction (EPC) services for the Hebron platform, offshore Newfoundland. The contract is an extension for a 5-year period, starting in the
President Trump Signs Four Pipeline Permits During Visit to Midland, Texas
July 30, 2020
President Donald Trump visited Texas Wednesday, July 29, for a campaign fundraiser in Odessa, followed by a tour of an oil rig in Midland at Double Eagle Energy. The President addressed members of the oil and gas industry at Double
Buckeye Partners Begins Operations at South Texas Gateway Terminal
July 30, 2020
Buckeye Partners said crude oil export operations have begun at South Texas Gateway (STG), a new state-of-the-art terminal constructed to facilitate the supply of North American crude oil to global markets. Loading of the first marine vessel was initiated last
CNX Resources to Acquire Remaining Stake in CNX Midstream Partners
July 30, 2020
CNX Resources and CNX Midstream Partners have entered into a definitive merger agreement to which CNX will acquire all of the outstanding common units of CNX Midstream that it does not already own in exchange for CNX common stock valued
Rosehill Resources Files for Chapter 11 Bankruptcy
July 30, 2020
Rosehill Resources Inc. have commenced voluntary Chapter 11 under the United States Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas, pursuant to the terms of the previously released restructuring support agreement (RSA) between the company,
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