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Trump Administration Developing Plan to Aid Oil Industry
April 27, 2020
A plan being weighed by Treasury Secretary Steven Mnuchin to steer financial aid to beleaguered oil drillers could set up a clash with Democrats who have warned against any bailout for the industry. Mnuchin said he is considering a lending
Nostra Terra Signs Farm-in Deal with Cypress for Pine Mills Acreage, Texas
April 27, 2020
UK-based Nostra Terra Oil and Gas has signed a farm-in deal with Cypress Mineral and Cypress Production (Cypress) pertaining to its 100 percent owned Pine Mills acreage in East Texas, US. As per the terms of the farm-in deal, Cypress
Third Train of Cameron LNG Project Enters Final Commissioning Stage, Louisiana
April 27, 2020
Sempra LNG said that the phase 1 of the Cameron LNG project in Louisiana has entered the final commissioning stage following the introduction of feed gas into the third liquefaction train. The phase 1 of the liquefaction-export project in Hackberry,
Texas Oil and Gas Association Head Says Demand Critical to Improving State’s Energy Sector
April 27, 2020
Without a thriving energy sector, the Texas economy cannot recover. How to get it back to normal is the subject of debate from Waskom to Austin and all points in between. No one can doubt the turmoil currently facing the
Alberta Launches $711 Million Project to Clean Up Abandoned Oil and Gas Wells, Canada
April 27, 2020
The Alberta government has announced a $711.9 million project for the cleaning up of abandoned oil and gas wells across the Canadian province. Dubbed as Site Rehabilitation Program, the project, which will begin from May 2020, will be funded mainly
MHPS to Change Its Name to Mitsubishi Power
April 24, 2020
Mitsubishi Hitachi Power Systems, Ltd. (MHPS), a part of Mitsubishi Heavy Industries (MHI) Group, today announced its new company name, Mitsubishi Power, and will also adopt a new corporate brand logo. Under its new name, Mitsubishi Power will work to
ExxonMobil Modifies Facilities to Produce Medical-Grade Sanitizer for COVID-19 Response
April 24, 2020
ExxonMobil has reconfigured manufacturing operations in Louisiana to produce medical-grade hand sanitizer for donation to COVID-19 response efforts in Louisiana, New Jersey, New Mexico, New York, Pennsylvania, and Texas. Initial production of 160,000 gallons of medical grade sanitizer – enough
President Trump Hints at Bailout Deal U.S. Oil Producers
April 23, 2020
Donald Trump has hinted at a bailout deal for his country’s struggling oil and gas industry, a day after a key US crude benchmark plunged into negative price territory. In a tweet today (April 21), the US President said he
Air Products Acquires Five Operating Hydrogen Plants from PBF Energy for $530 Million
April 23, 2020
Air Products, a Pennsylvania-based industrial gases and chemicals producer, has completed the acquisition of five operating stream methane reformer (SMR) hydrogen production plants from PBF Energy for $530 million. The company has also started long-term supply of hydrogen from these
Kimbell Completes Mineral and Royalty Acquisition from Springbok for $123 Million
April 23, 2020
Kimbell Royalty Partners has completed the previously announced purchase of the mineral and royalty interests held by Dallas-based Springbok Energy Partners (SEP I) and Springbok Energy Partners II, (SEP II) for a purchase price of approximately $123.1 million. The acquisition
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