Oil, Gas and Shale
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BP Revises Terms of Alaska Transaction with Hilcorp

April 30, 2020

BP and Hilcorp have revised their previously announced $5.6 billion transaction involving the sale of the former’s upstream and midstream business in the US state of Alaska to the latter. A revised agreement has been executed by the parties to

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DOE Launches $28 Million to Develop Ultrahigh Temperature Materials for Gas Turbine Applications

April 29, 2020

The U.S. Department of Energy announced up to $28 million in funding for a new Advanced Research Projects Agency-Energy (ARPA-E) program, ULtrahigh Temperature Impervious Materials Advancing Turbine Efficiency (ULTIMATE). The ULTIMATE program will develop and demonstrate ultrahigh temperature materials that

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Frost & Sullivan Examines Uptake of Drones in Power and Utilities Sector

April 29, 2020

An analysis by Frost & Sullivan, Drones in the Global Power and Utilities Industry, Forecast to 2030, reveals that the market for drones in the power and utilities industry will continue to expand at a compound annual growth rate of

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Whiting Petroleum Enters Into Restructuring Support Agreement, Files Chapter 11 Reorganization Plan

April 29, 2020

Whiting Petroleum Corporation and certain subsidiaries have entered into a restructuring support agreement (RSA) with certain holders of its 1.25 percent convertible senior notes due 2020, 2021, 2023, and 2026. In addition, the company has filed a consensual chapter 11

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Rehearing Request Filed Against FERC’s Approval of Jordan Cove LNG Project, Oregon

April 29, 2020

Various environmental groups, landowners, and native tribes in Oregon have filed for a rehearing request to the US Federal Energy Regulatory Commission (FERC) on its recent approval of the proposed Jordan Cove LNG Project and its associated pipeline in the

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Trans Mountain and LNG Canada On Track Despite Pandemic

April 28, 2020

Energy projects like an LNG Canada export terminal and the Trans Mountain pipeline expansion may face short-term setbacks but the pandemic and oil price crash shouldn’t threaten their long-term viability, economists say. Andrew Leach, an energy economist at the University

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BLM Approves Opening 171,000 Acres for Oil and Gas Drilling in Western Colorado

April 28, 2020

After about 10 years of collecting public comments and speaking with county and state leaders in Colorado, the Bureau of Land Management earlier this month released a final version of its management plan for land under the Uncompahgre Field Office.

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Alaska Agency Approves $7.5 Million Loan for Hex to Acquire Furie

April 28, 2020

A bid to buy a struggling Alaska gas producer has received backing from a state agency that approved a $7.5 million loan for the purchase. The Alaska Industrial Development and Export Authority board of directors voted to approve the loan

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Senators Urge Trump Administration to Make Loans Available for Energy Producers

April 28, 2020

Several U.S. Senators are calling on Trump administration officials to act swiftly to make loans available to domestic energy producers. “We face a real and present danger of seeing hundreds, if not thousands of oil producers shuttering, an event that

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Alberta Unveils Plan for Paying Out $1 Billion in Oilfield Cleanup Grants

April 28, 2020

Oilfield services companies in Alberta will be able to apply through an online portal starting May 1 for $1 billion in grants under the oilfield rehabilitation program announced by the federal government last week. Premier Jason Kenney and Energy Minister

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