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DOE Selects Nine Companies to Store Crude Oil at Strategic Petroleum Reserve
April 20, 2020
The U.S. Department of Energy (DOE) has tapped nine U.S. companies to store their U.S. produced crude oil in the Nation’s Strategic Petroleum Reserve (SPR). Due to a combination of factors, including the drop in demand due to COVID-19 related
Energy Storage Association Seeks Federal Assistance Amid COVID-19 Impact
April 20, 2020
Energy storage in the United States has taken a hit since the spread of COVID-19, the U.S. Energy Storage Association (ESA) said in a survey released this week, with 63 percent of industry respondents expecting a decrease in revenues. Approximately
Virginia Governor Northam Signs Virginia Clean Energy Act
April 20, 2020
Virginia Gov. Ralph Northam signed the Virginia Clean Economy Act and is planning to have the state join the Regional Greenhouse Gas Initiative. “These new clean energy laws propel Virginia to leadership among the states in fighting climate change,” Northam
Democrats Argue Coronavirus Stimulus Should Not Bail Out Fossil Fuel Companies
April 20, 2020
More than 40 Democratic lawmakers are arguing that fossil fuel companies should not be able to receive any assistance under the coronavirus relief package passed by Congress last month. In a letter to Treasury Secretary Steven Mnuchin and Federal Reserve
Lonestar Resources Enters Into Eagle Ford Shale Joint Development Agreement
April 17, 2020
Lonestar Resources has entered into a joint development agreement (JDA) in Gonzales County with one of the largest producers in the Eagle Ford Shale which encompasses an area of mutual interest (AMI) totaling approximately 15,000 acres. The agreement calls for
Cheniere Commits More than $1,000,000 to Global COVID-19 Relief Efforts
April 17, 2020
Cheniere Energy has pledged more than $1 million to organizations that provide essential services to those most in need and at risk during the COVID-19 outbreak. Cheniere has made contributions to organizations in locations where the company has facilities or
Houston-based Yuma Energy Files for Chapter 11 Protection
April 17, 2020
Yuma Energy together with its subsidiaries, have filed voluntary Chapter 11 petitions for relief under the United States Bankruptcy Code in the U.S. Bankruptcy Court for the Northern District of Texas. The company plans to continue to operate its business
Oil Prices Fail to Make Gains Despite Historic Opec Agreement to Cut Production
April 16, 2020
Despite the historic Opec+ deal to cut global oil production in a bid to boost commodity prices that have more than halved since the turn of the year, there have been few signs of a price recovery in a market
Advantage Oil & Gas to Sell Stake in Glacier Gas Plant for $100 Million, Canada
April 16, 2020
Canada-based Advantage Oil & Gas has signed a definitive agreement to sell a 12.5 percent interest in the Glacier Gas Plant to a strategic partner for $100 million in cash. The transaction is expected to strengthen the company’s balance sheet
Subsea 7 Secures Contract for Chevron’s Anchor Field Development Project, Gulf of Mexico
April 16, 2020
UK-based engineering services provider, Subsea 7 has secured a contract from Chevron for subsea installation services to the Anchor field development in Gulf of Mexico. The Anchor field is located in the Green Canyon area of the Gulf of Mexico,
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