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NEWS Click on text to read news by category: General | Product | People | Worldwide

API Issues New Pipeline Standards to Enhance Safety During Pipeline Construction

March 10, 2020

The American Petroleum Institute (API) today issued a new standard for pipeline inspectors to enhance safety and sustainability during pipeline construction. “The new inspection standard demonstrates the industry’s commitment to building energy infrastructure that is safe and environmentally protective,” Global

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ConocoPhillips Sells Oil Leases in DJ Basin and Permian Basin

March 10, 2020

American multinational energy company ConocoPhillips has completed the sale of two oil assets in the Permian Basin and the southern Denver-Julesburg (DJ) Basin. ConocoPhillips did not disclose the names of the buyers or the value of the deals. The company

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U.S. Crude Oil Production Hits Record Levels in 2019

March 10, 2020

U.S. crude oil production was 11 percent higher in 2019 than the previous year, according to the U.S. Energy Information Administration. Production reached a record 12.23 million barrels per day (b/d) last year, 1.24 million b/d more than 2018 levels.

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Shell to Sell Mobile Refinery in Alabama and Puget Sound Refinery in Washington

March 10, 2020

Equilon Enterprises, doing business as Shell Oil Products US (Shell), a subsidiary of Royal Dutch Shell, is seeking buyers to sell two of its refineries in the US. The refineries are Mobile located in Alabama, and Puget Sound near Anacortes,

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Energy Storage Association Applauds Introduction of American Energy Innovation Act

March 10, 2020

The Energy Storage Association (ESA) is applauding Senate consideration of the American Energy Innovation Act (AEIA), which aims to increase the use of renewable energy and energy storage through investments and modernization of domestic energy laws. In a statement published

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Canada’s Apex Court Clears Hurdle for Trans Mountain Expansion Project

March 9, 2020

The Trans Mountain Expansion Project has cleared a major legal hurdle with the Supreme Court of Canada upholding an earlier decision made in its favor by the Federal Court of Appeal. The Canadian apex court declined to hear the various

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NEP Midstream Acquires Permian Basin Mineral and Royalty Interests in Reagan County, Texas

March 9, 2020

NEP Midstream and Royalties has acquired various Mineral and Royalty Interests in Reagan County, Texas with an effective date of December 01, 2019 The purchase covers approx. 175 acres and includes 21 wells with 14 additional wells to be brought

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DOE to Sell Up to 12 Million Barrels of Crude Oil from Strategic Petroleum Reserve

March 9, 2020

The U.S. Department of Energy (DOE) Office of Fossil Energy intends to sell off as much as 12 million barrels of crude oil from the Strategic Petroleum Reserve (SPR), drawing from three sites in Texas and Louisiana. The sale will

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Crestwood Begins Commercial Operations at Bucking Horse II Processing Plant, Wyoming

March 6, 2020

Crestwood Equity Partners has begun commercial operations at the Bucking Horse II processing plant in Converse County, Wyoming in the Powder River Basin. The Bucking Horse II plant is a 200 MMcf/d processing plant that brings Crestwood’s total processing capacity

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ExxonMobil Outlines Progress on Long-Term Growth Strategy

March 6, 2020

ExxonMobil continues to make progress on the company’s long-term growth plans by investing through the commodity price cycle to capture high-value opportunities and grow earnings and cash flow potential. “We are effectively executing our growth strategy that will lead to

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