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U.S. Oil & Gas Rig Count Falls for Fourth Week in a Row
March 13, 2023
U.S. energy firms this week cut the number of oil and natural gas rigs operating for a fourth week in a row for the first time since July 2020, energy services firm Baker Hughes said in its closely followed report
Freeport LNG Receives Regulatory Approval for Restart of Final Liquefaction Train
March 10, 2023
Freeport LNG has received regulatory approvals from the Federal Energy Regulatory Commission (FERC) and the Pipeline and Hazardous Materials Safety Administration (PHMSA) to restart Train 1, the final train of Freeport LNG’s three train liquefaction facility to receive restart authorization.
Keystone Pipeline Oil Flows Won’t Change after U.S. Order to Cut Pressure
March 10, 2023
Oil flows on TC Energy’s Keystone pipeline will not change after the U.S. pipeline regulator said it would require the company to reduce pressure following a 13,000-barrel oil spill in Kansas in December, Chief Executive François Poirier told Reuters on
Denbury Secures New CCUS Agreements, Provides 2023 CCUS Goals
March 10, 2023
Denbury Inc. has entered into several new agreements related to its carbon capture, utilization, and storage (CCUS) business and provided its 2023 goals, which are intended to further the company’s leadership position in CCUS. “Today, we are announcing a number
Chevron and JERA Sign MOU to Explore Carbon Capture and Storage Projects in U.S. and Australia
March 9, 2023
Chevron New Energies, a division of Chevron U.S.A., and JERA Co. have signed a memorandum of understanding (MOU) that provides a framework for their collaboration on carbon capture and storage (CCS) projects located in the United States and Australia. This
Biden Leaves Oil and Gas Companies in the Lurch With Expiration of 5-Year Lease Program
March 9, 2023
A program intended to enable oil and gas development on the U.S. outer continental shelf (OCS) has expired, leaving domestic energy producers at a loss as to whether it will be replaced any time soon. In the short term, this
CERAWeek: What Big Oil Thinks of the Climate Law
March 9, 2023
The enactment of sweeping U.S. climate change legislation may be pivotal for early-stage technologies like low-carbon hydrogen, but an arduous permitting process and other challenges could stunt their progress, oil and gas executives said Tuesday. The Inflation Reduction Act —
Legacy Reserves Completes Rebranding as Revenir Energy
March 9, 2023
Legacy Reserves Inc., a leading independent oil and gas company, has completed its rebranding as Revenir Energy Inc. The decision to rebrand brings internal and external stakeholders together under a new banner reflecting the strategic evolution of the company and
Major Petroleum Engineering Schools Expand CCUS Programs
March 9, 2023
As interest in carbon capture, utilization and storage (CCUS) continues to grow around the world, so does the need for qualified professionals with skills specific to that field. As a response, several of the major petroleum engineering and geology programs
Carrier Energy Partners Sells Its Eagle Ford Assets for $145 Million
March 8, 2023
Carrier Energy Partners has closed on the sale of its oil and gas assets in the Eagle Ford Shale in South Texas. Carrier sold its non-operated working interest in Karnes County to an undisclosed buyer across two transactions for total
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