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Carbonvert, Castex JV Executes Operating Agreement for Offshore Carbon Storage Hub, Louisiana
September 26, 2023
Carbonvert and Castex Energy, through its wholly owned subsidiary, Castex Carbon Solutions, have executed an operating agreement with the state of Louisiana to develop a 24,000 acre tract of land situated in state waters, offshore Cameron Parish, to permanently store
Biden to Sign Executive Order to Establish Massive Gov’t Work Program, American Climate Corps
September 26, 2023
President Biden is planning to sign an executive order Wednesday to establish a federal workforce training and service initiative as part of his administration’s efforts to fight climate change. Biden’s so-called American Climate Corps will, according to the White House,
Federal Judge Orders Biden Administration to Expand Sept. 27 Gulf of Mexico Oil Auction
September 25, 2023
A federal judge ordered the Biden administration to expand next week’s Gulf of Mexico oil lease sale, saying officials appear to have weaponized the Endangered Species Act by yanking 6 million acres off the auction block. The Interior Department’s Bureau
W&T Offshore Acquires Shallow Water Oil and Gas Producing Assets for $32 Million, Gulf of Mexico
September 25, 2023
W&T Offshore has completed the acquisition of working interests in eight shallow water oil and gas producing assets in the central and eastern shelf region of the Gulf of Mexico (GOM) from an undisclosed private seller. The acquisition has a
DOT’s PHMSA Awards $14.8 Million in Grants to Improve Pipeline Safety
September 25, 2023
The U.S. Department of Transportation’s Pipeline and Hazardous Materials Safety Administration (PHMSA) is awarding $14.8 million in grants to fund projects and activities to improve pipeline safety. These grants will support important pipeline safety training and educational programs, as well
University of Houston Developing Autonomous Robot for Subsea Pipeline Inspection
September 25, 2023
With an increasing number of severe accidents in the global oil and gas industry caused by damaged pipelines, University of Houston (UH) researchers are developing an autonomous robot to identify potential pipeline leaks and structural failures during subsea inspections. The
U.S. Drillers Cut Oil and Gas Rigs for First Time in Three Weeks
September 25, 2023
U.S. energy firms last week cut the number of oil and natural gas rigs operating for first time in three weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count,
ExxonMobil Evaluates Lithium Extracted from Fracking Wastewater
September 25, 2023
ExxonMobil Corp. is experimenting with the extraction of lithium from wastewater produced in the fracking process as the largest U.S. oil company explores ways it can enter the market for the battery metal. While its lithium activities are at an
DeSantis Proposes Plan He Says Will Achieve $2 Gas, Turn U.S. Into World’s Top Energy Producer
September 25, 2023
Republican presidential candidate Ron DeSantis unveiled his energy agenda during an event in Midland, Texas, on Wednesday, promising that his policies will bring back $2 gas and turn the United States into the world’s leading energy producer. DeSantis made the
ONEOK and Magellan Midstream Stakeholders Approve $18.8 Billion Merger
September 22, 2023
ONEOK and Magellan Midstream Partners said that, at their respective special meetings, ONEOK shareholders and Magellan unitholders approved the merger which was announced in May 2023. “We are very pleased with the strong support from ONEOK shareholders and Magellan unitholders,
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