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Equinor and BP Halt $9 Billion Offshore Canada Oil Project, Citing Costs
June 21, 2023
Energy firms Equinor and BP announced in late May they are halting for three years development of the estimated $9.4 billion Bay du Nord floating oil drilling project off the Newfoundland coast. The companies cite “changing market conditions and subsequent
Louisiana DNR to Change Name to Louisiana Department of Energy and Natural Resources
June 21, 2023
Beginning next year, the Louisiana Department of Natural Resources will go under a name change. DNR spokesperson Patrick Courreges said the state agency will be known as The Louisiana Department of Energy and Natural Resources because it reflects how the
Russia Again Presses UN Security Council on Nord Stream Blast Inquiry
June 21, 2023
Russia again told the United Nations Security Council on Thursday it wants an international investigation into explosions last September on the Nord Stream gas pipelines connecting Russia and Germany that spewed gas into the Baltic Sea. Russia has said the
Mountain Valley Pipeline Asks FERC for Extension to Finish Southgate Project, North Carolina
June 20, 2023
The owners of the Mountain Valley Pipeline sent a letter to federal regulators last week, asking for a three-year extension to finish the southern leg, most of which would run through North Carolina. The MVP Southgate Project would start in
Hydro Produces World’s First Successful Batch of Aluminium Using Green Hydrogen as an Energy
June 20, 2023
Hydro has produced the world’s first successful batch of aluminium using green hydrogen as an energy source. The test is another step towards carbon-free aluminium. Carbon-free green hydrogen replaced natural gas as fuel for the recycling of aluminium during the
NextDecade, TotalEnergies, GIP Partner for Development of Rio Grande LNG Project, Texas
June 19, 2023
NextDecade has entered into framework agreements with Global Infrastructure Partners (GIP) and TotalEnergies to enable the final investment decision (FID) for the Rio Grande LNG project (RGLNG) trains 1, 2 and 3 (phase 1) and to provide momentum for the
DOE Releases Notice of Solicitation for 3 Million Barrels for Strategic Petroleum Reserve
June 19, 2023
Furthering the administration’s three-part Office of Petroleum Reserves replenishment plan, DOE released a new notice of solicitation to purchase approximately 3.1 million additional barrels of crude oil to the Big Hill SPR site this September. These 3 million barrels are
U.S. Drillers Cut Oil and Gas Rigs for Seventh Week in a Row
June 19, 2023
U.S. energy firms this week cut the number of oil and natural gas rigs operating for a seventh week in a row for the first time since July 2020, energy services firm Baker Hughes said in its closely followed report
Ameresco and Atura Power Selected to Build Battery Storage System, Canada
June 16, 2023
Ameresco’s joint venture (JV) was selected to build a 250 MW, 1000 MWh battery energy storage system (BESS) in partnership with Atura Power, a subsidiary of Ontario Power Generation, by the Independent Electricity System Operator (IESO) in Canada. Ameresco and
Patterson-UTI Energy and NexTier Oilfield Solutions to Merge in $5.4 Billion Deal
June 15, 2023
Patterson-UTI Energy and NexTier Oilfield Solutions have entered into a definitive merger agreement to combine in an all-stock merger of equals transaction. The combined company, with an enterprise value of approximately $5.4 billion, will be an industry leading drilling and
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