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Murphy Oil Corporation Publishes Inaugural Sustainability Report
April 10, 2019
Murphy Oil Corporation has released its 2019 Sustainability Report. The inaugural online report provides a review of the company’s performance in governance, environmental stewardship, workforce development, workplace health and safety, and community engagement. “I am proud of our inaugural Sustainability
Key Buyers Push U.S. Oil Exports to Record Highs
April 9, 2019
Constantly evolving hydraulic fracturing and horizontal drilling technologies have opened up more U.S. petroleum resources than ever imagined. Crude production has boomed 140 percent over the past decade to 12.1 million barrels per day (bpd). During the course of 2018,
Trump Heads to Houston Wednesday to Boost Oil and Gas Sector
April 9, 2019
President Donald Trump will travel to Houston Wednesday to announce executive orders aimed at speeding up pipeline and other energy projects and expanding oil and natural gas production, a senior White House official said. The president is scheduled to appear
Purdue Researchers Develop Process to Convert Shale Natural Gas into Usable Fuel
April 9, 2019
A key point of the ongoing energy debate in the U.S. is the potential future fuel source in the form of shale natural gas, an amount that is estimated to be able to provide a full century’s worth of fuel.
GROW Texas Fund Gains Traction
April 9, 2019
The GROW Texas fund has some heavy hitters behind it. The GROW Texas fund, filed by State Reps. Brooks Landgraf and Tom Craddick, would ensure that existing state revenue paid by energy companies in the Permian Basin would be earmarked
Wärtsilä and Samsung to Co-develop Efficient LNG Carrier and Shuttle Tanker Solutions
April 8, 2019
The technology group Wärtsilä and Samsung Heavy Industries (SHI) have signed a Joint Development Project (JDP) agreement aimed at establishing a more efficient solution for LNG Carrier and Shuttle Tanker vessels. Overall cost optimization, including both CAPEX and OPEX, is
U.S. to Drive New-build Underground Gas Storage Capacity Growth
April 8, 2019
GlobalData oil and gas analyst Arpan Roychowdhury predicts the US will drive underground gas storage capacity in North America over the next four years The US will account for 95 percent of North America’s new-build underground gas storage capacity between
Targa Resources Completes $1.6 Billion Sale of Badlands Assets, North Dakota
April 8, 2019
Targa Resources has completed its previously announced $1.6bn sale of its midstream assets in North Dakota to funds managed by GSO Capital Partners and Blackstone Tactical Opportunities (together called Blackstone). The North Dakota midstream assets that were offloaded by Targa
Canada’s Apex Court Rules in Favor of Chevron in $9.5 Billion Oil Pollution Case
April 8, 2019
The Canadian Supreme Court has ruled against reviewing a Court of Appeal for Ontario decision that a $9.5 billion judgment by an Ecuadorian court against Chevron regarding an oil pollution dispute cannot be enforced against the company’s subsidiary in Canada.
Pin Oak Energy Acquires SWEPI’s Utica Acres, North West Pennsylvania
April 5, 2019
Pin Oak Energy Partners has closed a transaction with SWEPI LP (Shell) for approximately 43,000 acres prospective for Utica shale development in northwestern Pennsylvania. The transaction increases Pin Oak Energy’s acreage position across the Appalachian Basin to 167,000 net deep
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