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BP Ventures Invests $5 Million in Geospatial Analytics Firm Satelytics
June 26, 2020
BP Ventures, the investment arm of oil and gas major BP, has invested $5 million in Satelytics, an Ohio-headquartered cloud-based geospatial analytics software company. Satelytics deploys advanced spectral imagery and machine learning to monitor environmental changes, including methane emissions. The
Gulf Stream Marine to Expand with Acquisition of Coastal Cargo of Texas and Gulf Coast Storage
June 25, 2020
Gulf Stream Marine, Inc. (GSM) said that it will be expanding its footprint with two additional terminals, the Care terminal at the Port of Houston in Texas and the Port of Pascagoula in Mississippi. The acquisition is expected to close
Tumbleweed Midstream Enters New Gathering and Processing Agreements for Ladder Creek Plant
June 25, 2020
Tumbleweed Midstream has executed three new long-term gathering and processing agreements that have quadrupled helium production at its Ladder Creek Helium Plant in eastern Colorado. The company’s Ladder Creek Helium Plant and Gathering System serves natural gas producers operating in
Two CEMEX USA Terminals Nationally Recognized for Energy Conservation Efforts
June 25, 2020
CEMEX USA said two of its cement terminals in Texas achieved the ENERGY STAR® Challenge for Industry by the U.S. Environmental Protection Agency, a national recognition for conserving energy use at operations. CEMEX USA was informed by the EPA earlier
Asian Buyers Turn to U.S. Oil Amid Uncertain Flows From OPEC
June 24, 2020
As the OPEC+ alliance sticks to its guns in trying to curb oil output to shore up prices, Asian buyers are increasingly looking to the U.S. for a cheaper source of supply. Refiners in the top crude-importing region have been
U.S. Approves LNG Rail Shipments
June 24, 2020
The Trump administration has taken the final step to allow rail shipments of liquefied natural gas, a new front in the movement of energy products that had been opposed by environmental groups and 15 states. The U.S. Pipeline and Hazardous
Nexera Energy to Drill Well on Huebinger Lease, Texas
June 24, 2020
Nexera Energy Inc. announced that the company has commenced operations to survey and permit a new well drilling location on the Huebinger lease at the company’s Wooden Horse project in South Texas. The proposed Huebinger E1 well represents the next
Cummins to Form Joint Venture With NPROXX for Hydrogen Storage
June 23, 2020
Cummins has entered into an agreement to form a joint venture with NPROXX. The joint venture will continue under the name NPROXX. “We are thrilled to combine Cummins’ expertise, innovation and commitment to customer success with NPROXX’s leading hydrogen storage
Millennium PetroCapital Successfully Launches New Oil Development Project, Texas
June 23, 2020
Millennium PetroCapital Corporation successfully launched its Gonzales County, Texas multi-well development plan of the famously prolific Austin Chalk formation. Millennium put two new Austin Chalk wells in production through its dedicated drilling and operating division, Millennium Exploration Company in May
PG&E Completes Initial Stage of Bankruptcy Exit Financing
June 23, 2020
Following the formal confirmation of the company’s plan of reorganization by the United States Bankruptcy Court yesterday, PG&E Corporation, Pacific Gas, and Electric Company said that PG&E has completed the initial stage of its bankruptcy exit financing contemplated in its
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