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Crude Export Terminal Developers Unfazed by Coronavirus
June 17, 2020
Yet another Texas terminal is preparing to export oil, even as the pandemic continues to hammer global demand for U.S. crude. Buckeye Partners LP expects to start loading ships with oil for export in the second half of July, after
New IRS Tax Credit Rules Benefit Carbon Capture Projects
June 17, 2020
Carbon capture, the fossil-fuel industry’s favorite weapon against climate change, has never really caught on because of the expense. That may be about to change. The Internal Revenue Service recently issued crucial guidance to help developers take advantage of tax
Supreme Court Removes Hurdle for $8 Billion Atlantic Coast Pipeline
June 16, 2020
The Supreme Court removed a legal barrier to the construction of an $8 billion pipeline that would deliver natural gas from West Virginia, ruling the project could run under a major East Coast hiking trail. The court, in a 7-2
Canadian Association of Petroleum Producers offers Pathway to Rapid and Sustainable Recovery
June 16, 2020
As governments turn their attention to the reopening and rebuilding of Canada’s economy, the Canadian Association of Petroleum Producers (CAPP) has been working closely with the federal government to identify measures to support economic recovery while the country continues to
Phillips 66 Releases 2020 Sustainability Report
June 16, 2020
Phillips 66 has published its 2020 Sustainability Report titled “Greater Good.” This year’s report builds on the company’s previous disclosures, proactively sharing Phillips 66’s 2019 performance across its four sustainability focus areas of operating excellence, environmental stewardship, social responsibility and
North American Helium to Build Canada’s Largest Helium Purification Facility, Secures $39M Funding
June 16, 2020
North American Helium (NAH) has closed a non-brokered common share equity financing of approximately $39 million. Proceeds from the financing will be used to purchase and construct the company’s second helium purification plant at the Battle Creek field in Southwest
East Daley Capital Launches New Solution to Channel Check Midstream Energy Companies
June 16, 2020
East Daley Capital Advisors launched its Capital Markets solution comprised of industry-leading financial models and reports that are now paired with its asset-level, data-driven company dashboards, board reports, company blueprints, and roadmaps that channel check companies in the midstream energy
ExxonMobil Outlines Path for Resilience and Long-Term Growth
June 16, 2020
ExxonMobil is managing unprecedented market challenges from the COVID-19 pandemic while preserving long-term shareholder value, chairman and chief executive officer Darren Woods told shareholders during the company’s annual meeting. “Despite the current volatility and near-term uncertainty, the long-term fundamentals that
Cold Bore Technology Launches Beta/Commercial Test of Pioneering Frac Action Optimization Software
June 16, 2020
Cold Bore Technology will initiate beta testing of its latest software product ‘Frac Action’ with select operators in the coming days. Developed in-house, the Frac Action graphing software allows frac operators, for the first time, to overlay high resolution, real-time
Peregrine Energy Acquires Mineral Rights in Pennsylvania and West Virginia
June 16, 2020
Peregrine Energy Partners has agreed to acquire producing royalty interests in Washington County, Pennsylvania as well as in Tyler and Richie Counties, West Virginia from various undisclosed sellers. These acquisitions feature production from numerous producing natural gas wells under Range
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