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Shell CEO Predicts Peak Oil Demand By 2025
March 15, 2018
Royal Dutch Shell CEO Ben van Beurden estimated the global demand for oil could peak as early as 2025 if countries abide by rules outlined in the 2015 Paris Climate Accord, Axios reported. The oil and gas executive gave the
Trump Administration Champion Oil and Natural Gas as Way to Achieve Geo-political Stability
March 15, 2018
Energy Secretary Rick Perry believes it’s “a fool’s errand” to ban fossil fuels in the coming decades, according to his remarks at an oil and gas industry conference. “I think it’s a fool’s errand to stand up and say by
EPA Issues Guidance for Obtaining Air Quality Permits for Power Plants and Refineries
March 15, 2018
The Environmental Protection Agency issued a guidance to clear up uncertainties in obtaining air quality permits required to build or modify facilities, like power plants and refineries. EPA Administrator Scott Pruitt said the new guidance, or New Source Review (NSR),
Winter Challenges Massachusetts’ Anti-Fossil-Fuel Policies Leading to Importing Gas and Coal
March 15, 2018
Massachusetts’ anti-fossil-fuel policies are the primary reason why the state has relied on natural gas imports from a Russian oil company the Department of State sanctioned during the Obama-era. Officials in Massachusetts and neighboring New Hampshire blocked financing in 2016
Production Shut In at Pioneer’s West Panhandle Field Due Compression Station Fire, Texas
March 14, 2018
Pioneer Natural Resources Company said a fire occurred at a compressor station on March 6 in Pioneer’s West Panhandle field in the panhandle region of Texas. There were no injuries associated with the incident and the fire was contained within
Devon Energy Signs Deal to Sell Barnett Shale Assets for $553 Million
March 13, 2018
Devon Energy has signed an agreement to sell the southern portion of its Barnett Shale position to an undisclosed firm for $553m. Currently, the net production capacity from the southern Barnett divestiture assets, which are located primarily in Johnson County,
W&T Offshore to Acquire Stake in Heidelberg Field, Gulf of Mexico
March 13, 2018
W&T Offshore revealed that it was the successful bidder on a stake in three blocks in the Heidelberg field in the Gulf of Mexico. The blocks were offered in connection with the Chapter 11 bankruptcy proceedings of Cobalt International Energy
SNC-Lavalin to Supply Two Gas Cracking Furnaces to NOVA Chemicals in Canada
March 13, 2018
SNC-Lavalin, in consortium with TechnipFMC, has secured a engineering, procurement, and construction (EPC) contract to supply NOVA Chemicals with two gas cracking furnaces. This award supports the recently announced third phase of the conversion and expansion of NOVA Chemicals’ Corunna
Royale Energy Completes Merger with Matrix Oil Forming California-focused Operation
March 12, 2018
Royale Energy has completed merger deal with privately held Matrix Oil Management, forming a high-growth California-focused operating company. The completion of this strategic transaction creates a high-growth California-focused operating company with an executive team experienced in raising accretive capital and
Oil Bosses Take Different Sides of Shale Boom-and-Bust Outlook
March 12, 2018
Short-selling is creeping back into the oil market as fears increase that the U.S. will be awash with oil again. Hedge funds boosted bets on falling West Texas Intermediate crude prices by the most this year after American production surged
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